Global shares trade mixed after Wall Street hits records on tech gains
[January 07, 2026] By
YURI KAGEYAMA
TOKYO (AP) — Global shares traded mixed Wednesday, calming somewhat from
the buzz set off by recent record rallies on Wall Street, while
investors' attention turned to global interest rates and uncertainty
caused by developments in Venezuela.
France's CAC 40 shed 0.3% to 8,213.78 in early trading, while the DAX in
Germany gained 0.4% to 24,993.97. Britain's FTSE 100 slipped 0.6% to
10,067.95. U.S. futures were mixed. The contract for the Dow Jones
Industrial Average edged up nearly 0.1%. That for the S&P 500 slipped
0.1%.
Japan's Nikkei 225 lost 1.1% to finish at 51,961.98, a day after setting
a record.
China's decision late Tuesday to ban exports to Japan of goods that
might be used for military purposes hit energy
Relations between Japan and China have worsened after Japan’s Prime
Minister Sanae Takaichi said in early November its military could get
involved if China were to take action against Taiwan, a self-ruled
island that Beijing claims as its sovereign territory. Last week, China
staged military drills around Taiwan.
Elsewhere in Asia, South Korea's Kospi gained 0.6% to 4,551.06.
In Australia, the S&P/ASX 200 rose 0.2% to 8,695.60.
Hong Kong's Hang Seng declined 0.9% to 26,458.95, while the Shanghai
Composite added less than 0.1% to 4,085.77.
“Global uncertainty continues to deepen,” Tan Boon Heng of Mizuho Bank
in Singapore said in a commentary, citing the capture of Venezuelan
President Nicolás Maduro by U.S. forces in a weekend raid.
The rally spurred by buying of technology shares may have run its
course, analysts said.
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A person walks in front of an electronic stock board showing Japan's
Nikkei index at a securities firm Wednesday, Jan. 7, 2026, in Tokyo.
(AP Photo/Eugene Hoshiko)
 “Tech appetite is weaker in Asia,”
Ipek Ozkardeskaya, a senior analyst at Swissquote, said in a report.
“It increasingly feels like good news is no longer generating the
same euphoria seen over the past three years. The tech rally is
showing signs of fatigue, supporting rotation trades — a trend
further reinforced by geopolitical headlines.”
On Tuesday, the S&P 500 rose 0.6%, setting a record on just the
third trading day of the year. The Dow added 1% and the Nasdaq
composite rose 0.6%.
This week will bring reports on the U.S. jobs market, including
updates on job openings and overall employment.
The U.S. Federal Reserve will be analyzing such data for its next
meeting in late January. The central bank cut its benchmark interest
rate three times late in 2025. Wall Street expects the Fed to hold
interest rates steady at its January meeting.
In other trading early Wednesday, the price of benchmark U.S. crude
oil fell 65 cents to $56.48 per barrel. The price of Brent crude,
the international standard, fell 47 cents to $60.23 per barrel.
In currency trading, the U.S. dollar fell to 156.55 Japanese yen
from 156.68 yen. The euro cost $1.1684, down from $1.1689.
The price of gold fell 0.5%, while silver gave up 2.3%.
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