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...
Japanese stocks rose as investors assessed US consumer spending which weakened and signaled inflation trend may be stabilizing. The Topix Index rose 0.6% to 1,881.32 as of 9:16am Tokyo time, while the Nikkei advanced 0.5% to 26,531.24. Nippon Telegraph & Telephone Corp. contributed the most to the Topix Index gain, increasing 1.1%. Out of 2,170 shares in the index, 1,189 rose and 678 fell, while 303 were unchanged. Source : Bloomberg
Mainland Chinese markets rose Thursday as forecast beating data on the services sector lifted economic recovery hopes, though Hong Kong extended losses on worries about US interest rate hikes and surging inflation. The Shanghai Composite Index rose 1.10 percent, or 37.10 points, to 3,398.62, while the Shenzhen Composite Index on China's second exchange climbed 1.35 percent, or 29.64 points, to 2,224.15. The Hang Seng Index shed 0.62 percent, or 137.10 points, to 21,859.79. Source : AFP
U.S. stocks closed lower Thursday, ending the second quarter with steep losses that left the S&P 500 suffering its worst first half of a year since 1970. The Dow Jones Industrial Average DJIA, -0.82% fell around 250 points to close 0.8% lower, while the S&P 500 SPX, -0.88% dropped 0.9% and the Nasdaq Composite COMP, -1.33% slid 1.3%, according to preliminary FactSet data. All three major benchmarks ended down after economic data released Thursday showed U.S. consumer spending in May increased less than expected as high inflation rises faster than wages. The S&P 500 dropped more...
U.S. stocks tumbled on Thursday, setting the S&P 500 for its worst first six months since 1970, on concerns that central banks determined to tame inflation will hamper global economic growth. Fears over slowing growth and surging prices have rippled through markets, with recession worries taking center stage as monetary policymakers across the world look to aggressively raise borrowing costs. Federal Reserve Chair Jerome Powell on Wednesday vowed to not let the U.S. economy slip into a "higher inflation regime", even if it means raising interest rates to levels that put growth at...
European stocks closed down Thursday with all of the region's major indexes slumping on the final trading day of the first half of the year. The pan-European Stoxx 600 index closed 1.6% lower at 407.20 with all sectors in negative territory. Banks were lower by 2.8% as a banking supervisor in the euro zone asked lenders to assess their recession risks. The benchmark index ended the second quarter of the year down 9% -- the worst three-month period since the onset of the coronavirus pandemic in 2020. Year-to-date the index is down by 16.6%. Swedish aerospace and defense company Saab was...