- Global shares experienced mixed results on Thursday, with Chinese stocks rising after the country reported better-than-expected trade figures for April.
- U.S. stocks are set to decline as the futures for the S&P 500 and the Dow Jones Industrial Average both dropped 0.2%.
- Automaker Mitsubishi Motors Corp.’s shares dropped 4.9% after the company forecasted a 7% lower net profit in the fiscal year that will end in March 2025.
Global shares show mixed results with Chinese stocks rising due to better-than-expected trade figures. U.S. stocks are set to decline while Mitsubishi Motors Corp. shares drop by 4.9%.
Chinese Stocks Rise Amid Positive Trade Figures
Chinese benchmarks experienced a rise after China reported better-than-expected trade figures for April. The Hang Seng in Hong Kong added 1.1% to 18,511.26 and the Shanghai Composite index gained 0.8% to 3,154.32. China reported that its exports rose 1.5% in April from a year earlier, while imports jumped 8.4%. The renewed growth suggests a stronger recovery in demand than earlier data had suggested.
U.S. Stocks Set to Decline
U.S. stocks are set to be down as the futures for the S&P 500 and that for the Dow Jones Industrial Average both dropped 0.2%. On Wednesday, the S&P 500 finished virtually unchanged after flipping between modest gains and losses through the day. It edged down by 0.03 to 5,187.67, coming off a very slight gain on Tuesday, which followed a big three-day winning streak. The Dow Jones Industrial Average rose 0.4% to 39,056.39, and the Nasdaq composite slipped 0.2% to 16,302.76.
Mitsubishi Motors Corp. Shares Drop
Automaker Mitsubishi Motors Corp.’s shares dropped 4.9% after the company forecasted a 7% lower net profit in the fiscal year that will end in March 2025. Toyota Motor slipped 0.4% after it reported Wednesday that it doubled its net profit in the fiscal year that ended in March.
Conclusion
The global shares showed mixed results with Chinese stocks rising due to better-than-expected trade figures while U.S. stocks are set to decline. Mitsubishi Motors Corp. shares also experienced a drop due to the company’s forecast of a lower net profit in the fiscal year ending in March 2025.
