World markets traded lower on Thursday due to the collection of benefits from the all-time highs in recent sessions.
Wall Street closed this Thursday with strong setbacks from yesterday’s all-time highs due to the massive profit taking in the technology sector, leading the Dow Jones to experience one of its biggest declines since June. The index Dow Jones dropped 807 points, 2.78%, up to 28,292.73 points, while the technological selective Nasdaq slumped 4.96% or 598.34 integers up to 11,458.10, and the S&P 500 subtracted 125.78 units, down 3.51% up to 3,455.06. The drops of Tesla (9%) and Apple (8%) were the most significant of the day, while Alphabet, Amazon and Netflix sank in prices around 5%.
The European stock exchanges, except Madrid, They fell this Thursday after the sharp decline in the New York Stock Exchange. Milan fell 1.54%, London 1.52%, Frankfurt 1.40% and Paris 0.44%, while Madrid rose 0.13%.
The European market started the session with gains after some Wall Street indices recorded all-time highs in the previous session, as in the case of the S&P 500 and Nasdaq, and was boosted by the slight growth in activity in the services sector in China in August. However, Other indicators showed the weakness of the economic recovery, such as the activity of the euro area services sector, which increased in August for the second consecutive month, but whose growth rate slowed sharply and was only marginal.
In Latin America, the Colombian Stock Market fell 0.90%, Argentina fell 0.17%, Brazil fell 1.17%, Chile gained 0.81% and Mexico lost 1.68%.
In Asia, on the other hand, Tokyo closed with a gain of 0.94%, Seoul’s 1.58%, while Hong Kong’s lost 0.45%.