Stock market: World follows Wall St lower as Chinese leader meets top US diplomat
The Statesman|June 20, 2023
India's Sensex shed 0.3% to 63,224.32. New Zealand and Southeast Asian markets declined
Stock market: World follows Wall St lower as Chinese leader meets top US diplomat

Global stock markets followed Wall Street lower Monday after the top U.S. diplomat met China's leader but the two sides gave no sign of progress on an array of conflicts.

London and Paris opened lower. Shanghai, Tokyo and Hong Kong retreated. U.S. markets are closed Monday for a holiday. Oil prices fell.

Wall Street's benchmark S&P 500 index lost 0.4% on Friday after the Federal Reserve held its benchmark lending rate steady but warned it might be raised later if needed to cool inflation.

Xi Jinping met Secretary of State Antony Blinken after what the Chinese government said were "candid and in-depth" talks with foreign affairs officials at a time when relations are at their lowest point in decades. They indicated willingness to cooperate on major issues.

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