Hong Kong stocks sank at the open on Friday morning as traders fret over the rumbling crisis in the Middle East and the prospect that the Federal Reserve will not cut interest rates as much as hoped this year. The Hang Seng Index fell 0.85 percent, or 139.53 points, to 16,246.34. The Shanghai Composite Index retreated 0.45 percent, or 13.93 points to 3,060.30, while the Shenzhen Composite Index on China's second exchange lost 0.59 percent, or 10.00 points to 1,688.93. Source : AFP
European stocks declined on Thursday as global markets are rattled by fears over rampant inflation. The pan-European Stoxx 600 fell 1% in early trade, with retail stocks shedding 2% to lead losses as all sectors and major bourses slid into negative territory. The negative trade for European stocks comes after regional markets closed lower on Wednesday as fears over inflation rattled markets on both sides of the Atlantic. U.K. data showed inflation soared to a 40-year high of 9% in April as food and energy prices spiraled, official figures revealed Wednesday, escalating the country's...
Tokyo stocks closed lower on Thursday after falls on Wall Street as worries mounted over inflation and corporate profitability. The benchmark Nikkei 225 index dropped 1.89 percent, or 508.36 points, to 26,402.84, while the broader Topix index lost 1.31 percent, or 24.61 points, to end at 1,860.08. Source : AFP
Asian stocks tracked a steep Wall Street selloff on Thursday, as investors fretted over rising global inflation, China's zero-COVID policy and the Ukraine war, while the safe-haven dollar held most of its strong overnight gains. MSCI's broadest index of Asia-Pacific shares outside Japan fell 2% in early Asian trading hours, the first daily decline in a week. Japan's Nikkei tumbled 2.4%. Pulling it lower was a 1.5% loss for Australia's resource-heavy index, a 2.6% drop in Hong Kong stocks and a 1% retreat for blue chips in mainland China. Overnight on Wall Street, earnings reports from...
Hong Kong equities opened sharply lower on Thursday, after Wall Street took a battering the day before. The Hang Seng Index dipped 2.71 percent, or 559.39 points, to 20,084.89. The Shanghai Composite Index opened down 0.96 percent, or 29.51 points, to 3,056.47, and the mainland's second exchange, the Shenzhen Composite Index, saw a dip of 0.91 percent, or 17.76 points, to 1,923.78. Source : AFP
Tokyo shares opened lower on Thursday after Wall Street stocks suffered a battering as worries mounted about inflation and corporate profitability. The benchmark Nikkei 225 index dropped 1.78 percent, or 479.48 points, to 26,431.72 at the open, while the broader Topix index lost 1.79 percent, or 33.69 points, to 1,851.00. Source : AFP