Issue link: https://maltatoday.uberflip.com/i/1463927
Name Current Change %Change Open High Low Prev. Value Close US MARKETS NASDAQ 13,037.49 -344.03 -2.57 13511.75 13533.78 13032.17 13381.52 EUROPEAN MARKETS FTSE 7,251.31 -246.87 -3.29 7498.18 7498.18 7243.44 7498.18 CAC 6,451.79 -328.88 -4.85 6496.25 6617.09 6433.51 6780.67 DAX 13,854.52 -776.84 -5.31 13989.41 14221.71 13826.70 14631.36 ASIAN MARKETS SGX Nifty 16,141.00 -109.00 -0.67 17052.50 17115.00 15500.50 17063.00 Nikkei 225 25,970.82 -478.79 -1.81 26281.35 26357.58 25775.64 26449.61 Straits Times 3,276.06 -116.94 -3.45 3351.24 3363.17 3248.93 3393.00 Hang Seng 22,901.56 -758.72 -3.21 23268.03 23376.37 22786.39 23660.28 Taiwan Weighted 17,594.55 -461.18 -2.55 17939.53 17939.53 17561.07 18055.73 KOSPI 2,648.80 -70.73 -2.60 2689.28 2694.55 2642.63 2719.53 SET Composite 1,662.72 -33.73 -1.99 1683.92 1690.50 1656.62 1696.45 Jakarta Composite 6,817.82 -102.24 -1.48 6912.48 6929.91 6758.86 6920.06 Shanghai Composite 3,429.96 -59.19 -1.70 3474.37 3486.98 3400.21 3489.15 7.4.2022 7 MARKETS International Markets Global Indices Trading Date: 6 April 2022 Tesla zooms ahead GLOBAL stocks edged higher in a relatively quiet week to close out their worst quarter since the corresponding period two years ago. While stocks are higher than at the outset of the conflict in Ukraine, the blue-chip S&P 500 and technology focussed Nasdaq fell 4.9% and 9.5% in the first quarter. European markets are more exposed to the impact of sanctions on Russia and the Euro Stoxx has suffered a 9% drawdown. However, the FTSE 100 has bucked the trend and gained 2.6% year-to-date due to its high exposure to energy and materials stocks. Understandably, corporate news has been overshadowed by events in Ukraine but Tesla's earnings release on Friday night caught much attention. Shares in the electric car pro- ducer rose more than 4% on Monday after it revealed it had delivered a record 310,048 in the first quarter in the face of a shortage of computer chips, Covid lockdowns in Chi- na and logistical challenges which have severely disrupted other manufacturers. e results announcement caps an impressive three- week run in which Tesla's shares have gained almost 50%. In the period, Tesla has opened new factories in Berlin and Austin, Texas which can boost its annual production to- wards two million cars and last week it announced it will ask shareholders to vote on another stock split at its annu- al general meeting. Tesla shares have more than doubled since its 5-for-1 split in August 2020. e Elon Musk effect also reached Twitter after it was re- vealed on Monday in a SEC filing that the world's richest man is its largest shareholder with a passive 9.2% stake in the social media company. Twitter's shares immediately jumped more than 25% on the news, although Musk, who has more than 80 million followers on the platform, has yet to comment on his in- vestment. Brent crude fell back towards $100 a barrel after President Biden ordered the historic release of 180 million barrels of oil from the US Strategic Petroleum Reserve to mitigate supply disruptions. Western leaders, including the UK's Boris Johnson, had lobbied Opec hard to ramp up production but the Saudi Arabia-led oil cartel held firm. However, the release of one million of barrels a day over the next six months will only partly offset lost Russian production. e International Energy Agency warned sanctions, and a reluctance to buy Russian crude, could hit output by three million barrels per day.