Stocks in Europe and Asia moved lower Friday despite a record finish on Wall Street as recent declines in oil prices pressured shares of energy companies. The Stoxx Europe 600 was down 0.5% in morning trading, led lower by a fall in the oil and gas sector. Brent crude oil was up 0.2% at $51.57 a barrel midmorning Friday, but remained on track to end the week 3.8% lower. Energy companies account for roughly 6% of the S&P 500 and the Stoxx Europe 600, according to FactSet. South Korea’s Kospi Composite Index climbed 0.5% to a new record as index heavyweight Samsung advanced, while India’s Sensex rose 0.9% to a record high.

Source: Wall Street Journal May 26, 2017 02:36 UTC