Investors on the sidelines ahead of the long weekend

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Equity markets moved in different directions yesterday, as positive Chinese data failed to boost risk appetite. The S&P 500 slipped 0.23% on Wednesday, dragged down by the healthcare industry which fell 2.86% on concerns over possible changes to the US healthcare system, including calls for lower drug prices. However, European markets stood at a near six-month high, with auto and banking stocks leading the rally.

Asian equities followed Wall Street lower today, with only the Jakarta Stock Exchange moving against the trend on early, unofficial “quick count” results indicating that… Read More:

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