Global Factors influencing ASX stocks on 19 December 2022

On 19 December 2022, at AEDT 12:17 PM, the benchmark index S&P/ASX 200 is trading lower today, declining 8.80 points or 0.12%, and is currently trading at 7,131.90 levels. Out of 11 sectors, 8 sectors are trading lower along with the S&P/ASX 200. The A-REIT and Healthcare are the top 2 declining sectors, lower 0.91% and 0.86% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Trading Lower By 0.25%; Amid Fear of Global Recession

On that note, let us look at a few global reasons impacting the stock market today:

1. The key U.S. indices ended lower in their previous session. NASDAQ Composite ended lower by 0.97%, NASDAQ-100 lower by 0.89%, Dow industrial ended lower by 0.85%, and S&P 500 ended lower by 1.11%, respectively.
2. U.S. will start refilling its heavily drawn-down Strategic Petroleum Reserve in February with a primary purchase of 3 million barrels.
3. South Korea's economy is slowing at a faster speed than anticipated and will touch bottom in 1H2023.
4. The US. 10 years yield rose by four basis points to 3.48%.
5. China’s aluminium imports fell by 35.7% amid rising domestic supply, also as the COVID-hit economy continued to temper demand for the light metal.
6. Hang Seng is up by 0.42%, and FTSE 100 is down by 1.27%.

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