World shares are mixed after Wall Street pulls back from its record
heights
[December 09, 2025] By
ELAINE KURTENBACH
BANGKOK (AP) — European markets were mixed and Asian shares mostly fell
Tuesday after U.S. stocks pulled away from their record heights.
The futures for the S&P 500 and the Dow Jones Industrial Average were up
less than 0.1%.
In Germany, the DAX gained 0.5% to 24,154.07, while the CAC 40 in Paris
slipped 0.2% to 8,089.65. Britain's FTSE 100 was nearly unchanged at
9,640.58.
In Asian trading, Tokyo's Nikkei 225 index was the main outlier, gaining
0.1% to 50,655.10.
Chinese markets declined as investors watched for news from the Central
Economic Work Conference, an annual planning meeting of the ruling
Communist Party's leadership.
Hong Kong's Hang Seng lost 1.3% to 24,434.23, while the Shanghai
Composite index shed 0.4% to 3,909.52.
In South Korea, the Kospi lost 0.3% to 4,143.55 and the Taiex in Taiwan
fell 0.4%.
India's Sensex declined 0.5%.
The S&P/ASX 200 in Australia gave up 0.5% to 8,585.90 after the Reserve
Bank opted to keep its cash rate unchanged at 3.6%.
Computer chip giant Nvidia's shares was up 1.7% in pre-market trading
after President Donald Trump said he will allow it to sell its H200
computer chip used in the development of artificial intelligence to
“approved customers” in China. Trump said Monday on his social media
site that he had informed China’s leader Xi Jinping and “President Xi
responded positively!”
Nvidia's shares rose 1.7% on Monday.
The move has wide potential ramifications, experts said.
“This would allow China to speed up its buildout of AI infrastructure
and increase the likelihood of Chinese AI models matching, or possibly
even overtaking, frontier U.S. models,” Julian Evans-Pritchard of
Capital Economics said in an analysis.
Investors are awaited a meeting of the Federal Reserve on Wednesday,
where the U.S. central bank is expected to cut its benchmark interest
rate to help counter a weakening jobs outlook.
On Monday, the S&P 500 slipped 0.3% for its second loss in 11 days, but
it remains less than 1% below its all-time high set in October.
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 The Dow industrials dropped 0.4% and
the Nasdaq composite edged 0.1% lower.
Netflix dropped 3.4% after Paramount announced a
bid in hopes of trumping Netflix’s deal to buy Warner Bros. Warner
Bros. Discovery rose 4.4% following the hostile buyout bid, and
Paramount Skydance’s stock climbed 9%.
Paramount said it’s offering $30 for each Warner Bros. Discovery
share, as well as a quicker and easier way for investors to get
their payout. Paramount is offering to buy all of Warner Bros.
Discovery in cash, unlike Netflix’s offer of cash and stock for just
Warner Bros. following its pending split with Discovery.
The board of directors for Warner Bros. Discovery had agreed to
Netflix’s offer last week, but it’s already facing potential
scrutiny from federal regulators. President Donald Trump said Sunday
that a Netflix-Warner Bros. combination “could be a problem” amid
worries about too much industry power sitting at one company
The U.S. stock market has calmed following weeks of volatility.
Stocks have already run to the edge of their records on widespread
expectations that the Fed will cut its main interest rate for the
third time this year. Lower interest rates can give the economy and
prices for investments a boost, though their downside is that they
can worsen inflation.
The big question is what kind of hints the Fed will offer about
where interest rates will go after Wednesday. Many on Wall Street
are bracing for talk aimed at tamping down expectations for more
cuts in 2026.
Inflation has stubbornly remained above the Fed’s 2% target, and Fed
officials are notably split in their opinions about whether high
inflation or the slowing job market is the bigger threat to the
economy.
In other dealings early Tuesday, U.S. benchmark crude oil lost 12
cents to $58.76 per barrel, while Brent crude, the international
standard, fell 11 cents to $62.38 per barrel.
The U.S. dollar rose to 156.08 Japanese yen from 155.92 yen. The
euro climbed to $1.1651 from $1.1638.
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