Stock markets in the U.S. show uneven performance, causing concern, as economic uncertainties with China persist.
The ongoing saga surrounding Chinese real estate giant Evergrande continued to cast a shadow over global markets, with the mixed performance of U.S. stock markets attributed to the developments.
On Friday, the S&P 500 inched up 0.15 percent, reaching approximately 4,455 points. Meanwhile, the Dow Jones Industrial Average closed at 34,798.00 points, a 0.10 percent increase from the previous trading day. However, the Nasdaq Composite dipped 0.03 percent, settling around 15,045 points.
The price of gold edged higher, with an ounce of pure gold trading at $1,746 USD (+0.2 percent). This equates to 48.01 euros per gram of gold, as the euro weakened in late trading on Friday, with one euro worth 1.1692 USD (-0.3 percent).
The ongoing uncertainties surrounding Evergrande have been a significant factor in these market fluctuations. Key players in the current developments include entrepreneur and founder Hui Ka Yan (also known as Xu Jiayin), liquidators managing the company's debt claims and asset sales, and financial analysts monitoring the real estate market impact and restructuring processes. Hui Ka Yan himself has been fined and detained, and liquidators reported handling over $45 billion in debt claims as of July 31, 2025.
A photo of Wall Street, taken by dts Nachrichtenagentur, serves as a visual representation of the ongoing market turbulence.
It's important to note that no specific information about the time zone was provided in the current paragraphs. Additionally, no new information about the performance of U.S. stock markets, the euro's value, or the dollar's value was provided beyond the details mentioned above.
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