World shares showed a mixed performance on Tuesday, influenced by various factors including a decline in market superstar Nvidia's shares and escalating tensions in the Middle East. In Europe, Germany's DAX and France's CAC 40 edged lower, while Britain's FTSE 100 also experienced a decline. Futures for the S&P 500 and the Dow Jones Industrial Average were slightly down.
Nvidia's shares fell following news of a Chinese investigation into potential violations of anti-monopoly laws. In Asia, the Shanghai Composite index gained, but Hong Kong's Hang Seng retreated as traders locked in profits. Chinese leaders announced a shift towards a 'moderately loose' monetary policy, marking a departure from a more cautious approach.
Japan's Nikkei 225 and South Korea's Kospi saw gains, with the latter recovering from recent political turmoil. Taiwan's Taiex declined amid reports of Chinese military activities in response to political developments.
In Australia, the S&P/ASX 200 slipped, while markets in Thailand were closed for a holiday. On Wall Street, major indexes fell, with Nvidia's decline weighing heavily on the S&P 500. The upcoming inflation reports will be closely watched ahead of the Federal Reserve's meeting next week, where another interest rate cut is anticipated.
In the oil market, benchmark U.S. crude and Brent crude prices fluctuated. The U.S. dollar strengthened against the Japanese yen but weakened against the euro.
