Asian stock markets tumbled Friday as newly imposed U.S. tariffs triggered fresh concerns over global trade tensions and investor confidence, sending shockwaves across the Asia-Pacific region. In India, the benchmark Sensex fell 136.84 points, or 0.17%, closing at 81,048.74, while the Nifty 50 index shed 58.65 points, or 0.24%, to settle at 24,709.70. Both indexes … Read more
Asian markets opened lower on Wednesday, mirroring losses in the US and Europe. Traders reacted unfavourably to higher-than-expected US inflation data, stoking concerns about a prolonged era of interest rate hikes. Annual inflation in the United States reached a 40-year high of 9.1 percent in June. Asian markets opened lower on Wednesday, mirroring losses in … Read more
Hong Kong’s Hang Seng index surged 2.2%. Shanghai Composite index gained 1.2%. In Seoul, the Kospi jumped 1.7%. while Australia’s S&P/ASX 200 added 0.8%. Asian markets on Monday after Wall Street covered seven days of misfortunes with an expansive convention for stocks Friday. Hong Kong’s Hang Seng list flooded 2.2%, while the Shanghai Composite record … Read more
The price of bitcoin held at $20,000, as European benchmarks rose after most Asian markets fell. Dollar was trading at 134.76 yen against the Japanese yen, down from 135 late Friday. China’s 1-year and 5-year loan prime rates remained constant, as expected. After most Asian markets fell, European indexes rose Monday, but the bitcoin prices … Read more
European stocks markets opened largely down on Tuesday, as a worldwide stock rise stalled due to persistent inflation fears, according to dealers. As data indicated the French economy shrunk in the first quarter, Frankfurt’s benchmark DAX shares index fell 0.7 percent to 14,476.02 points and the Paris CAC 40 fell 0.6 percent to 6,526.10. On … Read more
Asian markets were uneven Tuesday as investors struggled to keep a global rally going, with inflation still a concern due to rising oil costs, and a top Federal Reserve official pushing for a series of rate hikes. However, data showed that China’s vital industrial sector was improving, aided by the relaxation of some tight Covid … Read more
Asian markets saw a sustained bump Friday following China’s selection to lower a key benchmark rate, injecting optimism amongst traders that it is able to improve the arena’s 2nd-largest economy from its Covid-battered knees. Downcast income reviews from outlets this week have heightened uncertainty in the international markets at a time of growing hobby costs, … Read more
Asian markets were down on Thursday after Wall Street took one of its heaviest beatings in two years the day before. Worries about consumer resilience and business profitability were exacerbated by disappointing earnings announcements from retailers on Wednesday, resulting in a volatile day of trading. Hong Kong had fallen more than 2% by Thursday afternoon, … Read more
Asian stocks have been combined Wednesday following a robust beginning in a few markets, which took the lead from Wall Street in which buyers were cheered with the aid of brisk US retail sales statistics. The US Federal Reserve’s tightening of economic coverage to incorporate surging inflation has sent jolts thru global markets, deepening the apprehensions of … Read more
HONG KONG – Asian markets rebounded Wednesday and Europe extended gains on hopes that Russia will not invade Ukraine after Moscow said some of its troops on the countries’ border had started pulling back. While not verified, the claims by Russia provided some much-needed relief for investors, who had grown increasingly fearful of a conflict … Read more
RIYADH: The US-based investment bank Citigroup has chosen favourable bidders for its consumer assets in Asian markets. The investment banking company chose Bangkok’s Bank of Ayudhya to buy its retail assets in Thailand, with an expected potential $2 billion deal to be negotiated in the coming weeks, Bloomberg reported. Citigroup has picked Singapore-based United Overseas Bank in … Read more
Stocks in Asian Markets advanced on Tuesday after the United States President Donald Trump was discharged from hospital and returned to White House. According to the details, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.71%, while the Hong Kong index climbed to 0.88%. Meanwhile, Japan’s Nikkei also added 0.41%. S&P 500 futures rose 0.08% after … Read more
Asian shares struggle to shake off bearish mood after United States technology stocks giant fell anew on Friday on Wall Street. According to the details, Japan’s benchmark Nikkei 225 recouped early losses to rise 0.3% in morning trading to 23,310.94. South Korea’s Kospi dropped 0.8% to 2,377.92, while Australia’s S&P/ASX 200 lost 0.8% to 5,860.50. … Read more
Asian shares regained some rise in Tuesday trading as international investors eye US tech shares that may recover from the recent rout. According to the details, MSCI’s broadest index of Asia-Pacific shares outside Japan MIAPJ0000PUS rose 0.2%. While Japan’s Nikkei N225 gained 0.4%. Meanwhile, U.S. financial markets were shut on Monday for a public holiday … Read more
Asian Stock Market fell on Friday as Wall Street has it the worst day since June in Friday trade also investors’ buoyancy faltered after a spate of record highs. Shares in Asian Stock Market fell across the region Friday, with Tokyo’s Nikkei 225 shedding 1.1%. There was little going on regionally to alter the market’s … Read more
Seoul witnessed sharp drop across Asian equity markets Monday as South Korea announced a surge in COVID-19 infections, While oil plunged and safe haven assets in Seoul markets rallied on growing concerns about the global spread of the deadly virus. With outbreak showing little sign of easing investors increasingly concerned it could have a much … Read more
