|Day's Range||25,494.51 - 25,998.28|
|52 Week Range||24,540.63 - 33,484.08|
Asian stock markets mostly fell early but improved from the worst levels of the day, as the region’s trading tracked the drubbing Tuesday for U.S. stocks and oil futures. Both equities and oil markets indicated a Wednesday rebound was in order.
Wednesday 11.05 GMT A steady feel to European trade helped curtail the rout that brought global markets toward bear market territory, although the bounce up from lows was limited by sustained concern about ...
An initial dip for Asian technology stocks in line with falls seen during the US session appeared to dissipate as more bourses in the region came online on Wednesday. The falls for energy stocks in Asia came after oil prices plunged again on Tuesday in the wake of comments from US President Donald Trump affirming support for Saudi Arabia. Sydney’s S&P/ASX 200 index fell 0.6 per cent after dipping more than 1 per cent and touching its lowest level in more than two years as energy stocks shed 2.8 per cent and the key mining and financial segments dropped 2.3 and 0.5 per cent, respectively.
The number of ultra-high net-worth families in Greater China—those with at least US$30 million—reached 88,800 in 2017, rising 12.5% year-over-year, according to a Hurun Wealth Report released Tuesday. Beijing has 13,500 ultra wealthy families, the highest concentration in the region including China’s mainland, Taiwan, Hong Kong, and Macau. It’s followed by Hong Kong, which has 8,500 ultra-wealthy families, increasing 6.3%.
Treasuries advanced with the dollar and gold fell. The Nasdaq Composite Index was almost 14 percent below the closing high it reached in August. “The fact that we haven’t seen a fast bounce or hard bounce, shows the market is exploring where prices should be,” Brad McMillan, chief investment officer for Commonwealth Financial Network.
ASIA MARKETS Asian stock markets fell Tuesday, following tech-led declines on Wall Street. Japan’s Nikkei (JP:NIK) was down nearly 1.1%, with electronics and machinery stocks among the biggest decliners.
Tuesday 21.00 GMT Another day of extreme turbulence across financial markets saw global equities sell off sharply, oil prices tumble and the dollar swing from losses to gains as concerns intensified about ...
The CSI 300 Index slid 2.3 percent, with technology shares leading declines after another sell-off in the U.S. That also dragged on Hong Kong’s Hang Seng Index, which lost 2 percent as all but two of its 50 members declined. Investors in China have been stung by a myriad of factors this year, including a trade war with the U.S. that has helped send the equity benchmark down 20 percent. Uncertainty continues to swirl around the dispute and whether any progress will be made when presidents Xi Jinping and Donald Trump meet on the sidelines of the G20 in Buenos Aires.
The Nasdaq 100 Index plunged more than 3 percent to the lowest since April on renewed concern that trade fights will tamp down global demand and disrupt supply chains for the major technology companies that have carried the bull market for almost 10 years. “The easiest way to stop the selloff would be for Trump and [Chinese President] Xi to reach some kind of agreement, even if it’s just no new tariffs and/or keeping the rate at 10 percent through Jan. 1,” said Max Gokhman, head of asset allocation for Pacific Life Fund Advisors.
Asian stock markets mostly gained Monday though investors remained cautious over tensions between the U.S. and China after a pan-Pacific summit ended without consensus on trade issues.
were additionally weighed down by antitrust accusations levelled at the world’s top three makers of memory chips — including US-based Micron Technology — by Chinese authorities. The S&P 500 fell 1.7 per cent and the Dow Jones Industrial Average ended 1.6 per cent lower.
A quiet day on the data front could see the Pound and the EUR under pressure, with Brexit and the Italian coalition government in action.
Competition between the U.S. and China over the Pacific was thrown into the spotlight at the Asia-Pacific Economic Cooperation summit in Papua New Guinea.
Asian equities were mixed Friday, capping an up-and-down week during which investors have struggled to stick to a direction even intraday.
Friday 21.00 GMT Sterling recovered some ground against the dollar and European stock indices stabilised at the end of a week dominated by the twists and turns of the Brexit drama . The pound’s rally came ...
Asia-Pacific equities dipped on Friday as optimism over negotiations between the US and China on trade that helped drive Wall Street higher failed to light up stocks in the region. US stocks had a weak ...
The pound plunged as Brexit again threw the U.K. government into turmoil. Trade-sensitive industrial shares led the S&P 500 Index higher in afternoon trading amid hope that China and the U.S. would de-escalate their trade spat before the G20 summit later this month, even as the threat of new tariffs looms. For all the worries assailing investors -- Brexit, the trade dispute and Italian budget stress -- they are at least receiving a steady message from the U.S. central bank.
There are drawdowns, and then there are Hong Kong drawdowns. A few months ago we noted an unusual pattern in stocks listed on the region's Hang Seng index — when they fall, they tend to fall a lot. The first to be taken ill was Beijing Blue Sky Gas Holdings, which started the day at $751m but right from the off looked sick.
Tencent’s stock jumped Thursday, after the Chinese tech giant reported better-than-expected quarterly earnings. Hong Kong’s Hang Seng led stock market gains in Asia, rising 1.7%. The U.S. dollar slipped slightly against the Chinese yuan, falling 0.2% to 6.9292.
Equities benchmarks were broadly lower on Thursday following the sixth straight drop on Wall Street for the S&P 500, which closed out the Wednesday session 0.8 per cent lower. Tokyo’s Topix fell 0.6 per ...
The Aussie Dollar rallies early on better than expected employment numbers, with UK and Retail sales, Brexit and Italy to keep an eye on.
British Prime Minister Theresa May managed to persuade her cabinet to back her draft Brexit agreement, but markets are still watching to see if the deal will win parliament's approval.
The S&P 500 Index slumped to the lowest in two weeks after a key Democrat raised questions about the revamped Nafta deal and selling in Apple Inc. rekindled worry that megacap tech earnings have peaked. An afternoon respite from the selling sparked by U.K. Prime Minister Theresa May clinching a Brexit deal with her cabinet gave way to a tumble into the close. Treasuries rose with gold as investors sought out havens ahead of comments from Federal Reserve Chairman Jerome Powell at 6 p.m. New York time.
Asian stock markets posted modest losses Wednesday, after oil prices tumbled 7% Tuesday, marking their 12th straight session of losses and weighing on global energy stocks.