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World shares mixed; British pound slides on tax cut concerns

September 26, 2022

Via: ABC News

Global shares were mixed Monday while the British pound declined to an all-time low against the U.S. dollar on concerns over planned tax cuts.

France’s CAC 40 rose 0.2% in early trading to 5,795.88, while Germany’s DAX added 0.2% to 12,311.57. Britain’s FTSE 100 edged 0.1% higher to 7,025.51.

The futures for the Dow industrials and the S&P 500 were 0.1% lower.

In Asian trading, Japan’s benchmark Nikkei 225 shed 2.7% to finish at 26,431.55. Australia’s S&P/ASX 200 dipped 1.6% to 6,469.40. South Korea’s Kospi dropped 3.0% to 2,220.94. Hong Kong’s Hang Seng gave up 0.4% to 17,855.14, while the Shanghai Composite lost 1.2% to 3,051.23.

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