Asian Stocks Fall Sharply on May 21, Shanghai Composite Down 2.04%, U.S. Indices Rise

According to Jin10, Asian equity indices declined sharply on May 21. China's Shanghai Composite closed down 84.91 points (2.04%), while the Shenzhen Component Index fell 322.71 points (2.07%). The ChiNext Index dropped 2.35%, and the Sci-Tech 50 Index fell 3.7%. Hong Kong's Hang Seng Index closed down 1.03%.

European markets showed mixed movement. Germany's DAX 30 fell 0.48%, France's CAC 40 declined 0.39%, while the UK's FTSE 100 rose 0.14%. In the U.S., the Dow Jones Index gained 276.31 points (0.55%), the S&P 500 rose 0.17%, and the Nasdaq Composite climbed 0.09%.