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Germany, Spain Stock Indices Hit Record Highs; French Biotech Firm Abivax Surges 7.7%; Japan and S Korea Stocks Rebound Sharply After Initial Declines; Singapore Stocks Hit New High
2026-07-03 17:55:27 Easing rate hike expectations pushed spot gold to the latest USD4,182 per ounce, with prices poised to record the first weekly gain in five weeks. Major European stock markets were mixed in early trading on Friday (3rd). The pan-European STOXX 600 Index was steady at 648.4 points. The UK's FTSE 100 Index fell 46 points or 0.4% to 10,606 points. France's CAC Index slipped 0.15% to 8,461 points. Germany's DAX rose 0.2% to 25,628 points, after hitting an intraday record high of 25,809 points. Italy's FTSE MIB gained 0.1% to 52,488 points. Spain's IBEX 35 Index rose 0.4% to a record high of 19,748 points. French biotech company Abivax surged 7.7% after raising EUR767 million through a share placement this week, exceeding the originally planned EUR600 million fundraising size. Major Asia-Pacific stock markets generally advanced today, with Japanese and South Korean equities climbing after volatile trading. China's A-share markets both closed higher, with the Shanghai Composite Index and Shenzhen Component Index rising 0.37% and 0.64% respectively. Hong Kong stocks gained 295 points or nearly 1.3% for the day to close at 23,350 points, with turnover of HKD304.954 billion. Taiwan stocks once plunged 863 points or 1.8% intraday, but ended up 36 points or nearly 0.1% at 46,780 points. The Nikkei Index once slumped 1,123 points intraday, but reversed to close up 1,010 points or nearly 1.5% at 69,744 points. South Korea's Kospi once tumbled 3.5% intraday before rebounding to close up 440 points or 5.8% at 8,088 points. Singapore stocks closed at a record high of 5,244 points, up 27 points or 0.5%. US markets will be closed for the Independence Day holiday tonight (3rd). (da/a)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |