HOUSTON (ICIS)--US-listed shares of chemical companies rose on Monday after the stock markets swung from sharp losses earlier in the day.
Stock markets opened lower amid fears of a resurgence of the coronavirus.
China on 13 June imposed lockdowns in parts of Beijing following evidence of a new virus cluster at one of its districts.
In the US, individual states are reporting rising numbers of infections and hospital visits.
The Dow Jones Industrial Average was down by more than 2% in early trading. The declines started eroding as the morning progressed.
The average turned positive after the Federal Reserve said it would buy corporate bonds.
The following shows the performance of the major indices.
|Dow Jones Industrial Average||25,763.16||157.62||0.62|
|Dow Jones US Chemicals Index||582.62||2.91||0.50|
|S&P 500 Chemicals Industry Index||585.23||4.33||0.75|
The following shows the performance of the companies followed by ICIS.
|$ Change||% Change|
|Axalta Coating Systems||22.81||0.62||2.77|
Oil prices also rose, as shown in the following table.
In Europe, petrochemical shares changed little.
In Asia, petrochemical shares were mostly lower.
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