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...
European stocks closed lower on Thursday as the initial reprieve after the Bank of England stepped in to calm the markets seemingly faded. The pan-European Stoxx 600 provisionally closed down 1.8%, with auto stocks dropping 5% to lead losses as all major bourses slid into negative territory. Only the basic resources sector gained, closing up 0.5%. Sterling has stooped to record lows against the U.S. dollar in recent days, and slid once again on Thursday morning to trade just below $1.08 before recovering to around $1.095. Global markets saw another volatile trading day on Wednesday, with...
Stocks slumped Thursday, giving back some of the sharp gains seen in the previous session, as bond yields resumed their upward march. The Dow Jones Industrial Average dropped 208 points, or 0.70%. The S&P 500 and Nasdaq Composite declined 0.99% and 1.39%, respectively. A stronger-than-expected jobless claims report didn't help stock futures Thursday morning, instead futures extended losses on the numbers on the notion the Federal Reserve will keep doing aggressive rate hikes to fight inflation without concern it's going to hurt the labor market. The 10-year U.S. Treasury yield...
U.S. stock futures slumped on Thursday morning after the Dow Jones Industrial Average staged a comeback off its lowest level for the year. Futures tied to the Dow Jones dropped 324 points, or 1.08%, while S&P 500 and Nasdaq 100 futures declined 1.02% and 1.34%, respectively. The overnight moves came following a broad rally for stocks as the Bank of England said it would purchase bonds in an effort to help steady its financial markets and the cratering British pound. Sterling has stooped to record lows against the U.S. dollar in recent days. It marked a stark shift from the aggressive...
Hong Kong stocks finished with more losses Thursday, giving up an early rally, as traders continue to fret over the economic outlook as interest rates are ramped up to fight inflation. The Hang Seng Index fell 0.49 percent, or 85.01 points, to 17,165.87. The Shanghai Composite Index lost 0.13 percent, or 3.86 points, to 3,041.20, while the Shenzhen Composite Index on China's second exchange dipped 0.05 percent, or 1.06 points, to 1,937.20. Source : AFP
European stocks fell on Thursday as the initial reprieve after the Bank of England stepped in to calm the markets seemingly faded. The pan-European Stoxx 600 fell 1.1% in early trade, with regail stocks plunging 4.1% to lead losses as almost all sectors and major bourses slid sharply into the red. Sterling has stooped to record lows against the U.S. dollar in recent days. Global markets saw another volatile trading day on Wednesday, with stocks trading sharply lower as global markets sold off on economic concerns surrounding inflation and the growth outlook. Market turmoil continued to...