Asian stock markets declined Friday after Wall Street hit a new high on optimism about economic stimulus and coronavirus vaccine development despite a spike in US unemployment claims. Shanghai, Tokyo and Hong Kong retreated. Overnight, Wall Street's benchmark S&P 500 index gained for a third day on optimism about progress in Washington toward a new economic aid package while the government reported the highest level of new jobless claims in three months. Market action suggested investors see bad data is good news for progress toward a stimulus, said Mizuho Bank in a report. The Nikkei 225 in Tokyo lost 0.2% to 26,760.30 while the Shanghai Composite Index was down less than 0.1% at 3,403.87. The Hang Seng in Hong Kong lost 0.7% to 26,490.37. The Kospi in Seoul lost less than 0.1% to 2,770.22 and Sydney's S&P-ASX 200 sank 0.7% to 6,710.00. New Zealand, Singapore and Jakarta also retreated. Investors have been waiting since before the American presidential election Nov. 3 for ...
Japan reported record news cases as Tokyo raised its pandemic alert to the highest level, shoving the Nikkei down 0.8% and away from a 29-year closing top
U.S. S&P500 futures shed 0.3% in Asian trade on Wednesday, a day after S&P500 index lost 0.48%, while Europe's Euro Stoxx 50 futures eased 0.2%.
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Volatility has picked up in recent weeks, with stocks halting a rebound that added as much as $30 trillion in global market value since the turmoil
SYDNEY (Reuters) - Asian shares started cautiously on Monday on jitters over heady valuations though sentiment was underpinned by coronavirus hopes after the U.S. Food & Drug Administration (FDA) authorised the use of blood plasma from recovered patients as a treatment option.
After a rocky first year of trading, Sea's stock has gone on to trounce everything in its class
Asian indices closed higher and European markets were up in midday trading, while Wall Street futures pointed to gains on the open in the US
Amazon.com warned of a possible second-quarter loss, while Apple omitted an earnings forecast for the first time in more than a decade
While most Asian markets surged, a second day of gains in European equities put the region's benchmarks from Italy to France and Germany on course to exit a bear market
Rogers is not surprised by the recent flight to quality, saying it's a 'tried and true' function of the markets in distress
The logic of geographical diversification of portfolio remains valid even today
MSCI's broadest index of world shares added 0.2% to December's 3.3% jump and the 24% gained in 2019
China's economy grew at a slightly less-than-expected 6% in Q3 but traders seemed to be taking comfort that swift stimulus from Beijing and central banks in recent weeks could avert serious downturn
The MSCI Asia Pacific Index's 11% gain this year, however, still lags the global benchmark
European stocks have been most hit with the Stoxx 600 Index showing a near 13 per cent point impact
Signs of progress between Beijing and Washington are helping revitalize a rally in global equities that showed signs of stalling last week
China's tariff-hit slowdown and weakening yuan are among the causes of the wider emerging market malaise and shares in major Chinese firms are firmly in the firing line
Monetary tightening, proceeding at a different pace on either side of the Atlantic, was making its mark on bond markets
Crude prices eased back slightly after three sessions of strong gains took them to the highest levels since late 2014