Global markets get bumpy ride, as Japan's stocks slump while Chinese markets soar [BNN Bloomberg (Canada)]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: BNN Bloomberg
In early European trading, France's CAC 40 slipped 1.0% to 7,711.66, and Germany's DAX lost 0.4% to 19,399.02. In London, the FTSE 100 declined 0.3% to 8,294.70. The futures for the S&P 500 and the Dow Jones Industrial Average edged 0.1% lower. Japanese shares sank after the ruling Liberal Democrats chose former Defense Minister Shigeru Ishiba late Friday to succeed Prime Minister Fumio Kishida, who is due to step down on Tuesday. Ishiba has expressed support for the Bank of Japan's moves to raise interest rates from their near-zero level. He also backs other policies, such as possibly raising corporate taxes, that are seen as less market friendly than his chief rival for the top job, Economic Security Minister Sanae Takaichi, who he beat in a run-off vote. The Nikkei closed 4.8% lower at 37,919.55 on Monday. The dollar fell from over 146 Japanese yen to under 143 yen after the ruling party's vote. By Monday, it was trading at 142.38 yen, up from 142.29. Exporters' shares p
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