Most global stock markets see downward trend in September

UK stock market closed lower by 1.6% in September tracking losses in the US and European markets. Investors turned cautious with surging coronavirus cases in Europe and elsewhere.

Germany's DAX closed 1.4% lower in September as compared to August. The prospects of another lockdown amidt rising coronavirus cases, tensions between the US and China, valuation concerns, weak macroeconomic data dragged the indices lower.

France's CAC 40 closed 2.9% lower in September as compared to August. Fall in retail sales, temporary halt in COVID-19 vaccine trials and an uncertain economic outlook in the near to medium term dragged the indices lower.

Japan's stock market Nikkei 225 closed the month marginally higher by 0.2% at 23,185 than the previous month, though it swung between gains and losses throughout the month.

South Korean market ended the month marginally higher by 0.1% at 2,328. The upward trend witnessed till September 15 (5% gain over August-end) was reversed during the second half of the month.

Shanghai Composite closed 5% lower at 3,218 in September. Investor sentiments were primarily hurt on account of escalation in tensions between the US and China.

Sensex ended the month lower by 1.5% at 38,068 amid growing coronavirus cases and poor macro-economic data.

Nifty 50 was down 1.2% in September as compared to August-end. Weak global cues, coronavirus infection cases, localised lockdowns, sharp contraction in India's GDP raised concerns over economic recovery.