The domestic stock market declined on Friday, mirroring a global sell-off as geopolitical tensions spiked after U.S. airstrikes in Iraq killed a top Iranian military commander. The middle-east tensions sent Brent Crude Futures soaring, which further spoiled investor’s sentiment at D-Street. mong sectors, IT and pharma ended higher, while selling seen in the auto, bank, infra, FMCG and metal stocks.
Louis Vuitton, the world’s biggest luxury goods brand by sales, is preparing to shut one of its shops in Hong Kong where protests have hit demand as high rental costs bit.European shares slipped from near record highs on Friday after a U.S. air strike in Iraq killed a top Iranian commander and fanned tensions in the Middle East, with a surge in oil prices hammering airline stocks.
Denmark stocks were higher as gains in the Chemicals, Real Estate and Technology sectors led shares higher. The OMX Copenhagen 20 added 0.04%.
Australia stocks were higher after the close on Friday, as gains in the Gold, Energy and IT sectors led shares higher. The S&P/ASX 200 added 0.64%.
Stocks in Asia were mixed on Friday in Asia after U.S. equities rose to fresh all-time highs overnight. China’s Shanghai Composite was little changed at 10:30 PM ET (02:30 GMT), while the SZSE Component was down 0.3%.Hong Kong’s Hang Seng Index dropped 0.1%.