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Wall Street rises on strong Chinese data, easing geopolitical concerns


Wednesday, 4 September 2019 23:20 WIB

DOW JONESS & P 500Indeks NasdaqSahamASWallstreet


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Wall Street's main indexes rose on Wednesday as fears of a global economic slowdown were calmed by robust economic data from China, while easing tensions in Hong Kong added to an upbeat mood.

Activity in China's services sector expanded at the fastest pace in three months in August, providing a boost to the world's second-largest economy that has been struggling to reverse a prolonged slump in its manufacturing sector.

The mood also got a lift after Hong Kong leader Carrie Lam withdrew an extradition bill that had triggered months of often violent protests in the Chinese-ruled city.

At 11:53 a.m. ET the Dow Jones Industrial Average was up 207.36 points, or 0.79%, at 26,325.38, the S&P 500 was up 26.18 points, or 0.90%, at 2,932.45 and the Nasdaq Composite was up 81.60 points, or 1.04%, at 7,955.76.

Source : Reuters


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