1. Home
  2. /
  3. News
  4. /
  5. Global Stock Market Indices:...


Don't Lose Money in Stock Market.

Build your Multibagger Portfolio Instead

Share your WhatsApp number to Get a Call 


Don't Lose Money in Stock Market.

Build your Multibagger Portfolio Instead

Share your WhatsApp number to Get a Call 

Global Stock Market Indices: 5th Nov ’23 Weekly Recap

  1. Home
  2. »
  3. News
  4. »
  5. Global Stock Market Indices: 5th…
World Stock Market Index

On Friday, amid a drop in treasury yields and the US dollar, global indices experienced gains following the release of the US job growth data that supported the sentiment that the Federal Reserve may pause interest rate hikes.

Leading world indices week-on-week (WoW) change

Global IndicesWeekly Change (%)
Dow Jones5.07
S&P 5005.85
GIFT Nifty2.72
Nikkei 2254.41
Straits Times2.36
Hang Seng3.63
Taiwan Weighted2.70
SET Composite3.54
Jakarta Composite1.11
Shanghai Composite1.42
Source: Moneycontrol.com

World Market Index: US Markets

On Friday, bond yields were driven down by a soft jobs report, resulting in a significant rally across stocks. With investors hopeful that the Fed would not hike interest rates anymore, equities enjoyed substantial weekly gains, with the NASDAQ and the S&P 500 registering their best week since November 2022.

Dow Jones

The Dow Jones closed the week at 34,061.32, up 222.24 points or 0.66%. WoW, it gained 5.07%.

S&P 500

The S&P 500 ended at 4,358.34, up 40.56 points or 0.94%. WoW, it increased by 5.85%.


The NASDAQ closed at 13,478.28, up 184.09 points or 1.38%. WoW, it gained 6.61%.

World Market Index: European Markets

European markets closed higher on Friday, with benchmark market indices like the German DAX and the Stoxx Europe 600 leading the way. Despite losses suffered by world market indices like the FTSE 100 and the French CAC 40, several companies, like the Galapagos N.V., Zalando SE, Siemens Energy AG, Wizz Air Holdings PLC and Idorsia Ltd., drove the upward trend with significant gains.


On Friday, the UK’s global stock market index fell as lower oil prices hurt energy stocks. Fortunately, it closed higher than the previous week, thanks to the bullish investor sentiment that the US Federal Reserve was done hiking interest rates.


The French benchmark index closed lower on Friday at 7,047.50, down 13.19 points or 0.19%. Sectors like healthcare, consumer services, and utilities enjoyed gains, while oil and gas, aerospace and defense, and electronic equipment experienced losses.


  • Stocks in the German global stock index closed Friday on a high, with sectors like technology, financial services, and retail leading the way.
  • The German index ended the week at 15,189.25, up 45.65 points or 0.30%.

World Market Index: Asian Markets

Asian markets experienced a significant uptick on Friday, reflecting the optimistic investor sentiment that interest hikes driven by inflation anxiety were finally behind them.

Taking a cue from sentiments in the western markets that the US Federal Reserve was done hiking interest rates, bonds and shares across Asian benchmark indices closed the week on a high.  

Gift Nifty

The Indian global share index closed the week at 19,427, up 138.50 points or 0.71%. WoW, it gained 2.72%.

Nikkei 225

On Friday, Japan’s Nikkei 225 remained closed because of the annual Culture Day holiday in Tokyo. It ended the week at 31,949.89, up 348.24 points or 1.09%. WoW, it gained 4.41%.

Straits Times

  • The Straits Times Index (STI) gained 61.17 points or 1.95% to close on Friday at 3,143.66, ending the trading session 2.36% higher than the previous week.
  • Four hundred thirty-eight components across the broader market experienced share price gains, while 216 lost value.

Hang Seng

  • In Hong Kong, the positive rally from New York drove the local markets, significantly boosting the internet stocks. Tech stocks gained 2.3%, with Tencent and Alibaba up 3.1% and 1.8%, respectively.
  • The Hang Seng index closed at 17,664.12, up 433.53 points or 2.45%.

Taiwan Weighted

The global market index of Taiwan closed the week at 16,507.65, gaining 110.70 points or 0.67%. WoW, it was up 2.7%.


The South Korean benchmark index ended the week at 2,368.34, up 25.22 points or 1.06%. WoW, it gained 3.01%.

SET Composite

  • For the second consecutive day, the world market index of Thailand enjoyed gains on Friday, closing the week at 1,419.76, up 15.77 points or 1.11%. The real estate and construction firm PSG drove this surge, with its shares increasing by 9.8%.
  • Companies like i-Tail and VGI also experienced growth in share price value of 6.8% and 7.8%, respectively.

Jakarta Composite

  • The benchmark market index of Indonesia ended the week at 6,788.85, up 37.46 points or 0.55%. WoW, it gained 1.11%.
  • Nine sectoral indices drove the overall positive performance, with the energy sector leading the pack, increasing by 1.55%. The financial sector, the infrastructure sector, and the technology sector were all winners, gaining 1.17%, 1.3%, and 1.37%, respectively.

Shanghai Composite

The benchmark market index of China closed the week at 3,030.80, up 21.39 points or 0.71%. WoW, it gained 1.42%.

Commenting on the weaker-than-expected October jobs report that drove the US market rally this week, Michelle Cluver, portfolio strategist at Global X, said, “From an equity market perspective, this reading takes some of the pressure off inflation and interest rate concerns, while still reflecting a robust labor market that is adding jobs faster than the neutral rate of approximately 100K.”

*Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as recommendation or investment advice by Research & Ranking. We will not be liable for any losses that may occur. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

How useful was this post?

Click on a star to rate it!

Average rating 3 / 5. Vote count: 3

No votes so far! Be the first to rate this post.

+ posts

I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.

Share on:

Want A Personalized Portfolio of 20-25 Potential High Growth Stocks?

*T&C Apply