Global Markets Slump: Turkey, Colombia, Morocco and Indonesia Hit Hard; Wall Street Mixed, Oil and Gold Prices Rise
October 2, 2024Turkey's stock market experienced a downturn on Wednesday, with significant losses across various sectors.
Similarly, Colombia's stock market closed lower on Friday, marking a decline of 0.81%.
Morocco's equities also fell on Monday, with several sectors contributing to the decline in share prices.
In currency markets, the USD/TRY exchange rate rose by 0.17% to 34.22, while the EUR/TRY fell by 0.59% to 37.85.
The USD/TRY exchange rate showed slight increases throughout the week, reflecting fluctuations in the Turkish lira.
In the U.S., the mixed performance on Wall Street coincided with the release of consumer price inflation data, which indicated a 0.1% increase in August.
The Dow Jones Industrial Average reached a record high, closing up 137.89 points or 0.33% at 42,313.00, while the NASDAQ fell by 70.70 points.
In commodities, crude oil for November delivery rose by 0.16% to $68.29 per barrel, while December Brent oil increased by 0.11% to $71.96.
Additionally, the December Gold Futures contract climbed by 0.91% to $2,683.55 a troy ounce.
Market volatility is on the rise, as indicated by a 10.37% increase in the DAX options implied volatility index.
Notably, Modern Internasional Tbk experienced a dramatic drop of 99.88% to 8.00 points, marking one of the worst performances in recent trading.
The Indonesia stock market has faced declines in two of the last three trading days, following a brief winning streak.
Summary based on 36 sources
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Sources
Investing.com • Oct 3, 2024
Indonesia stocks lower at close of trade; IDX Composite Index down 0.44%Investing.com • Sep 27, 2024
Turkey stocks lower at close of trade; BIST 100 down 0.53%Investing.com • Sep 27, 2024
Greece stocks lower at close of trade; Athens General Composite down 0.17%Investing.com • Sep 27, 2024
Colombia stocks lower at close of trade; COLCAP down 0.81%