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Asian stocks slip as tech drags, yen near 3-month low before BOJ decision Asian stocks slid on Thursday as chip-sector stocks tracked overnight declines by Wall Street peers and Facebook owner Meta Platforms warned of accelerating costs for artificial intelligence. More megacap tech earnings are due later in the day from Apple and Amazon. The yen hovered close to a three-month low against the dollar, weighed down by political instability after a drubbing for Japan's ruling coalition in parliamentary elections last weekend, which could delay a normalisatio...
Asian stocks slip as tech drags, yen near 3-month low before BOJ decision
Asian stocks slip as tech drags, yen near 3-month low before BOJ decision
Source: Reuters
2024-10-31 08:53:33 am
Asia shares stumble on China headwinds; gold and bitcoin buoyant Asia shares eased on Wednesday on the back of weakness in China, as investors brace for a tightly contested U.S. election that could have huge ramifications for the world's second-largest economy, even as Beijing tries to shore up growth. Gold rose to an all-time high as jitters over the close U.S. presidential race supported the yellow metal, while bitcoin also flirted with a record peak as markets weigh the prospect of a victory by Republican candidate Donald Trump. MSCI's bro...
Asia shares stumble on China headwinds; gold and bitcoin buoyant
Asia shares stumble on China headwinds; gold and bitcoin buoyant
Source: Reuters
2024-10-30 08:47:38 am
Asia shares see pockets of gains, China PMI tops forecasts Asian share markets got off to a quiet start on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether a rate cut expected this month will be regular or super-sized. A holiday in the United States and Canada made for thin liquidity, while wins for far-right parties in German state elections added a fresh layer of political uncertainty. The dollar was hanging on to gains made on Friday after upbeat spending figures led markets to tri...
Asia shares see pockets of gains, China PMI tops forecasts
Asia shares see pockets of gains, China PMI tops forecasts
Source: Reuters
2024-09-02 08:43:03 am
Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates Wall Street and global shares jumped on Friday toward all-time highs, while Treasury yields slumped and the dollar languished, after a speech by U.S. Federal Reserve Chair Jerome Powell confirmed the United States would soon begin interest rate cuts. Powell, in remarks on Friday at the annual economic symposium in Jackson Hole, Wyoming, said "the time has come" to cut interest rates as rising risks to the job market left no room for further weakness and inflation was in reach of ...
Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates
Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates
Source: Reuters
2024-08-24 08:46:33 am
Asian shares set to end brutal week on a high, yen under pressure Asian shares are ending a rough week on a high as Japanese stocks are close to recouping all of the huge losses from Monday, while the yen slipped again as markets pared back the chance of an outsized U.S. rate cut. Japan's Nikkei rose another 1.7% on Friday, tracking a strong rebound on Wall Street overnight. It has erased most of a 13% crash on Monday and was set for a weekly drop of just 1.5%. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 1.4%, more than ...
Asian shares set to end brutal week on a high, yen under pressure
Asian shares set to end brutal week on a high, yen under pressure
Source: Reuters
2024-08-09 08:48:15 am
South Korean stock markets extend gains led by Samsung Seoul shares extended gains on Wednesday, led by Samsung Electronics, despite concerns over lingering market jitters two days after massive selloffs due to fears of a US recession.  The benchmark Korea Composite Stock Price Index (KOSPI) added 61.04 points, or 2.42 percent, to 2,583.19 as of 11.20 am (local time). The main index ended 3.3 per cent higher on Tuesday after plunging nearly 9 per cent a day earlier due to massive selloffs amid concerns over a recession in the United St...
South Korean stock markets extend gains led by Samsung
South Korean stock markets extend gains led by Samsung
Source: IANS
2024-08-07 10:12:06 am
Asian stock markets roar back, Indian indices lead rally The Indian benchmark indices roared back on Tuesday after a dismal Monday, as Sensex surged more than 900 points and Nifty traded nearly 300 points up in the early morning trade.  The Indian markets opened on a higher note despite Nasdaq and S&P going down at least 3 per cent (as per US time on Monday) amid recession worries in the country as job growth slowed down. Bharti Airtel’s shares gained in the opening trade after strong Q1 FY25 results. Bharti Airtel’s ...
Asian stock markets roar back, Indian indices lead rally
Asian stock markets roar back, Indian indices lead rally
Source: IANS
2024-08-06 10:00:31 am
US markets open low, extending worldwide selloffs Trading on the US stock market on Monday began with another sell-off over recession fears extending the worldwide slump that started in Japan and spread across India and South Korea in Asia and and Europe. The Dow Jones Industrial Average was down 1,197, or  3 per cent, at 5 minutes past 9:30 am on the East Coast. The Nasdaq composite dipped 5.5 per cent the S&P 500 was down by 4 per cent in early trading.  These indices had ended 1.5 per cent, 2.4 per cent and 1.8 per...
US markets open low, extending worldwide selloffs
US markets open low, extending worldwide selloffs
Source: IANS
2024-08-06 09:47:18 am
South Korean stock markets sink over 5 pc on US slowdown fears South Korean stocks tumbled more than 5 per cent on Monday as fears of a US economic slowdown weighed heavily on the financial market, with a five-minute trade halt issued during the intra-day trading. The benchmark Korea Composite Stock Price Index (KOSPI) had fallen 140.25 points, or 5.24 per cent, to 2,535.94. During the session, the bourse operator issued a sidecar order, halting programme trading for five minutes, after the KOSPI 200 index fell over 5 per cent for more than one min...
South Korean stock markets sink over 5 pc on US slowdown fears
South Korean stock markets sink over 5 pc on US slowdown fears
Source: IANS
2024-08-05 11:43:43 am
Quint Digital shines on acquiring additional 2.35% stake in Lee Enterprises Quint Digital is currently trading at Rs. 115.00, up by 5.10 points or 4.64% from its previous closing of Rs. 109.90 on the BSE. The scrip opened at Rs. 110.50 and has touched a high and low of Rs. 117.00 and Rs. 110.50 respectively. So far 14693 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.00 on 06-Oct-2023 and a 52 week low of Rs. 95.00 on 21-Apr-2023. Last one week high and low of the scrip stood at R...
Quint Digital shines on acquiring additional 2.35% stake in Lee Enterprises
Quint Digital shines on acquiring additional 2.35% stake in Lee Enterprises
Source: Accord Fintech
2024-03-18 10:46:47 am
Noventiq and Corner Growth Acquisition Corp. File Form F-4 Ahead of Proposed Nasdaq Listing Noventiq Holdings PLC (“Noventiq”), a global digital transformation and cybersecurity solutions and services provider, and Corner Growth Acquisition Corp. (Nasdaq: COOL) (“Corner Growth”), a special purpose acquisition company led by veteran technology investors (“Sponsors”), today filed with the U.S. Securities and Exchange Commission (the “SEC”) a Registration Statement on Form F-4 (the “F-4”) in connection with the previously anno...
Noventiq and Corner Growth Acquisition Corp. File Form F-4 Ahead of Proposed Nasdaq Listing
Noventiq and Corner Growth Acquisition Corp. File Form F-4 Ahead of Proposed Nasdaq Listing
Source: PR Agency
2024-01-03 02:15:36 pm