Nikkei Tokyo's key Nikkei index suffered its largest drop in more than three years Friday, following reports that Israel carried out strikes on Iran and after US tech stocks fell. The benchmark Nikkei 225 index ended down 2.66 percent, or 1,011.35 points, to 37,068.35, marking its largest fall in points since February 2021. Hang Seng Hong Kong shares sank Friday as reports said explosions had been heard in Iran and Syria, sparking worries of a region-wide war in the Middle East after last weekend's attack on Israel by Tehran. The Hang Seng Index fell 0.99 percent, or 161.73 points, to...
Hong Kong stocks opened with more losses Wednesday morning, tracking steep drops in New York driven by worries about the prospect of more US interest rate hikes. The Hang Seng Index dipped 0.08 percent, or 17.00 points, to 20,512.49. The Shanghai Composite Index shed 0.44 percent, or 14.47 points, to 3,292.05, while the Shenzhen Composite Index on China's second exchange sank 0.55 percent, or 11.86 points, to 2,153.91. Source : AFP
Japanese equities fell, following US peers lower on concerns over possible further Fed interest rate hikes and after weak corporate forecasts from US retailers Walmart and Home Depot. The Topix fell 0.6% to 1,984.97 as of 9:01 a.m. Tokyo time, while the Nikkei declined 0.7% to 27,273.97. Sony Group contributed the most to the Topix decline, decreasing 1.7%. Out of 2,162 stocks in the index, 264 rose and 1,639 fell, while 259 were unchanged. "US Treasuries fell sharply as investors became aware of the possibility that interest rate hikes may continue until July, rather...
Nikkei Japanese stocks ended lower as investors await for clues on the next moves by the Bank of Japan and Federal Reserve. The Topix Index fell 0.1% to 1,997.46 as of market close Tokyo time, while the Nikkei declined 0.2% to 27,473.10. Mitsubishi UFJ Financial Group Inc. contributed the most to the Topix Index decline, decreasing 1.5%. Out of 2,163 stocks in the index, 1,185 rose and 867 fell, while 111 were unchanged. Hang Seng Hong Kong stocks closed sharply lower Tuesday as traders continue to fret over the prospect of more US interest rate hikes to tame inflation. The Hang Seng...
U.S. stocks dropped Tuesday as higher rates continue to pressure market sentiment, and the latest batch of retail earnings raised concern about the state of the consumer. The Dow Jones Industrial Averagedropped 696 points, or 2.0%, its worst downturn since Dec. 15, when it fell 2.3%. The S&P 500 slid 2.0%, marking its worst day since Dec. 15, when it fell 2.5%. All sectors ended lower, with discretionary stocks seeing the largest decline of 3.2%. The tech-heavy Nasdaq Composite pulled back by 2.5%. The benchmark 10-year Treasury yield climbed to 3.9%, while the 2-year rate advanced to...
U.S. stocks dropped Tuesday as higher rates continue to pressure market sentiment, and the latest batch of retail earnings raised concern about the state of the consumer. The Dow Jones Industrial Average dropped 551 points, or 1.6%. The S&P 500 slid 1.5%, and the Nasdaq Composite pulled back by 2.0%. Home Depot shares fell 4.6% after the home improvement retailer posted weaker-than-expected revenue for the fourth quarter. The company also issued a muted outlook. The benchmark 10-year Treasury yield climbed to 3.9%, while the 2-year rate advanced to 4.7%. Those moves build on last...