Nasdaq Composite fell 3% and S&P 500 closed 2% lower. Hong Kong-listed technology firms led the loss, with the Hang Seng Tech index falling up to 2.4%. Japan’s Topix fell by 0.9%, South Korea’s Kospi plunged 1.9%. Asian stocks followed US equities lower on Wednesday after a disappointing US consumer sentiment survey eroded investor confidence. … Read more
Asian equities are mixed on Wednesday, following overnight losses on Wall Street, where the S&P 500 plunged deeper into the bear market territory. Fears of a US recession loomed large ahead of the US Fed’s policy decision on Wednesday Nifty 50 index futures trading on the Singapore stock exchange suggest that the Nifty could increase … Read more
Hong Kong rose strongly as Chinese technology shares advanced. Tokyo, Seoul, and Sydney all saw increases in benchmarks. The Japanese economy shrank by 0.5 percent year on year in the first quarter due to a coronavirus outbreak, according to the Cabinet Office. Stocks in the United States rose on Tuesday as Treasury yields fell. BANGKOK: On … Read more
Asian and European stocks rebounded Friday on China’s hobby charge reduction, but US equities gyrated amid fears that sky-excessive inflation will spark a recession. “Markets were seeking out an excuse to bop, and a China fee cut provided the motive,” IG analyst Chris Beauchamp informed. The People’s Bank of China announced it would lower its … Read more
Asian shares were combined on Wednesday, following an unstable day on Wall Street with traders concerned about surging inflation and spot-sawing crude prices. Equities were on a roller-coaster trip in current weeks, fuelled by using concerns about inflation, the Russian invasion of Ukraine, and the impact of China’s Covid-19 lockdowns on global delivery chains. Global … Read more
Fears over the impact of interest rate hikes to combat sky-high inflation sent European and Asian stocks plunging on Friday. However, after a day of steep losses, Wall Street has stabilised. Meanwhile, the pound fell to $1.2276, a two-year low, one day after the Bank of England (BoE) warned that UK inflation would exceed 10% … Read more
Asian stocks posted losses on Monday as anxiety remains over-tightening cash policy by the Fed and increasing rates in China. The drop followed a negative lead from Wall Street. The S&P 500 and the Nasdaq returned as the yield on the 10-year US Treasury record climbed above 2.7 percent — signal markets are preparing for … Read more
LONDON: Oil rose for the second day on Friday after Opec+ said it would meet again to review output if the Omicron Covid-19 variant impacts demand, Arab News reported. Prices were still headed for the sixth week of declines on concern a steady increase in supply from the Organization for Petroleum Exporting Countries and its allies including … Read more
Karachi: Asian stocks rose slightly but remained within their previous trading range as investors focused on U.S. inflation data and the prospect of an upside surprise prompting the Federal Reserve to begin reducing its massive stimulus program Early European transactions have seen the Euro Stoxx 50 futures rise 0.52 %, the German DAX futures rise … Read more
Oil prices in the internal market edged up higher on the first day of the business week as the countries continued to expand vaccination programs against coronavirus, and despite new cases and rise of new variants of the infection. According to the media reports, the international benchmark Brent crude was trading up 0.6 percent at … Read more
As soon as the news broke out about President Donald Trump and first lady Melania Trump had tested positive for the new coronavirus, U.S. stock futures and Asian shares fell on Friday. The future contracts for both the S&P 500 and the Dow industrials lost 1.9%. Oil prices also slipped. The Nikkei 225 index shed strong … Read more
The Asian Stock Market on Tuesday witnessed a higher trend after an overnight rally in the European market, however, investors remained cautious before the first direct debate between US President Donald Trump and presidential candidate Joe Biden set to take place today. According to the details, the benchmark S&P/ASX 200 Index added 36.20 points or … Read more
Asian stock market rebounded on the fourth day of the business week after tech stocks gained strength struggling for three days. According to the details, Wall Street’s S&P 500 index ended Wednesday up 2% for its best day in three months. The Shanghai Composite Index rose 0.3% to 3,264.19 and the Nikkei 225 in Tokyo added … Read more
Asian Stocks weakened on Tuesday after Wall Street closed due to dipped dollar, with a prediction that rate to stay low for extended period. According to the details, Australia’s S&P/ASX 200 lost 0.89% in Tuesday trading, while Japan’s Nikkei 225 fell 0.22%, Hong Kong’s Hang Seng index futures lost 0.38%. The Dow Jones Industrial Average … Read more
Production cartel Opec and Russia are expected to meet today to discuss the oil cuts, however experts warned that prices may fall. According to the details, members of both sides, widely expected to stick with their previously agreed plan to scale back production cuts to 7.7 million barrels per day (bpd) at the end of this … Read more
As China releases inflation data for the month of June, the share market in the Asia Pacific witnessed an increase in morning trade. According to data provided, Asia Pacific stocks saw a strong performance so far this week. The Shanghai Composite gained 0.17% in the morning trade. Shenzhen component advanced 0.877%. Hong Kong’s Hang Seng … Read more
On Thursday, Asian markets rose following a record lead from Wall Street, with investors delighted by hopes after lockdown easing in Europe. According to details, Hong Kong led the gains on reopening after a one-day break and respite of the trade war between China and United States, markets remain positive for now. The Hang Seng Index … Read more
On the last day of the business week, Asian shares fell sharply after Wall Street and oil plunged over growing concerns that a resurgence of coronavirus infections could affect the pace of recovery in economies reopening from lock-downs. According to the details, American finance company headquartered in New York City (MSCI’s) broadest index of Asia-Pacific … Read more
Asian share markets were pinned down on Thursday, haunted by the rising U.S. coronavirus death toll, and with investors braced for more signs of economic pain in the world’s largest economy ahead of another likely record week of jobless claims. With hopes growing that the worst of the outbreak may have passed for China … Read more
Despite of the risks for equities remain large as the dread coronavirus hits the global economy, Asian trade however clung to gains on Wednesday assisted by a bounce of Australian Shares. Reuters reported that, E-Mini futures for the S&P 500 traded 1.39% lower in Asian trade, highlighting the cautious mood. MSCI’s broadest index of Asia-Pacific … Read more
Asian shares have caused the fall of global markets as investors fear coronavirus will disrupt economic growth. According to the international news agency, Asian shares across countries such as Japan, Hong Kong, and China, have plunged the morning trading. Sources said that the Dow and S&P in the US having they’re biggest one-day reductions since … Read more
Asian stocks edged up on Thursday, supported by a fall in coronavirus cases and expectations of more Chinese stimulus to offset the economic impact of the epidemic. Reuters reported that the epicentre of the outbreak in China’s Hubei reported just 349 new cases on Thursday, the lowest since Jan. 25, although it was accompanied by … Read more
Asian stocks gained on fourth day of the business week, cheered by record closes in Wall Street benchmarks after encouraging economic data. However the Asian stocks investors on the other hand are keeping an eagle eye on the deadly coronavirus outbreak. Reuters reported that MSCI s broadest index of Asia-Pacific shares outside Japan . MIAPJ0000PUS gained … Read more
Asian stocks stabilized as Chinese shares moved higher on hopes of governmental steps amid the economic blow from a coronavirus outbreak, but risks remain as the illness continued to spread and the death toll neared 500. Reuters reported that Asian stocks stabilized. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.6%. Shares in … Read more
Asian shares that were mostly higher on Monday has made optimistic views that the US and China may be edging closer to a trade deal. Japan’s benchmark Nikkei 225 surged 0.8 percent to 23,292.81, while Australia’s S&P/ASX 200 added 0.3 percent to 6,731.40. South Korea’s Kospi gained 1 percent to 2,123.50. Hong Kong’s Hang Seng … Read more
