|Day's range||25,550.13 - 25,712.13|
|52-week range||25,125.22 - 33,484.08|
SINGAPORE (AP) — Asian stocks were mixed on Friday as better-than-expected Chinese trade data gave some markets a breather from worries about the impact of punitive tariffs.
SINGAPORE (AP) — World stock markets sank Thursday, extending losses from Wall Street, as investors worried that higher interest rates will dent company earnings and a trade war will crimp global business.
China's benchmark Shanghai Composite Index dived to near four-year lows on Thursday, joining a global equities rout after a tech sell-off battered Wall Street overnight. Shares in infrastructure firms from China's west bucked the down trend.
Around the world, stocks have tumbled on the back of concerns surrounding global economic growth and rising interest rates. Global markets plunged Thursday, continuing steep losses seen in the previous session, as investors worry about rapidly rising interest rates and an expected slowdown in global growth.
China's top lithium producer Ganfeng Lithium tumbled as much 28 percent on its Hong Kong debut, a stark warning sign to fellow Shenzhen-listed counterpart Tianqi Lithium which is also planning a listing in the city. Shares of Ganfeng, a supplier to carmakers like Tesla and BMW, fell to a low of HK$11.80 in early morning trading after opening at HK$15.30 on Thursday. Ganfeng's listing came as world markets slid to a 3-month low on Wednesday, while Hong Kong's benchmark Hang Seng index is down 20 percent from its January highs.
China's stock markets fell more than 3.7 percent on Monday after the country's central bank announced measures to prop up the economy amid an ongoing trade war with the United States. On Sunday, the People's Bank of China announced it would be cutting the amount of cash that banks have to hold as reserves from Oct. 15. China stock markets tumbled on Monday, as investors were unnerved by the central bank's decision to slash the amount of cash that the country's lenders must hold as reserves, in a bid to help spur economic growth.
The People's Bank of China announced on Sunday it was cutting the reserve requirement ratio for most banks by 100 basis points, which will result in an injection of 750 billion yuan ($109.2 billion) in cash into the banking system. Experts said the move indicates that Chinese authorities are getting nervous about a trade war with the U.S. dragging on. "China is a bit nervous.
A strong string of economic data and positive tone from Jay Powell, the Federal Reserve chairman, has triggered a global bond market reversal and left Friday’s jobs report — always one of the most closely watched data releases — taking on even greater significance.
Global stock markets slumped on Friday and US Treasury yields marched higher, as investors digested a mixed US jobs report. was better than expected and average earnings rose 2.8 per cent, exactly in line with economists predictions. The yield on the 10-year US Treasury moved back above 3.2 per cent, up 4 basis points for the session at 3.23 per cent.
Asian markets were mostly lower on Friday after U.S. Vice President Mike Pence claimed China had meddled with its midterm elections to unsettle the Trump administration, which Beijing has denied. KEEPING ...
US equities ended lower on Thursday amid a sell-off in government debt markets, with the S&P 500 index closing down 0.8 per cent in its worst day since June. markets continued, with the yield on the benchmark 10-year US Treasury rising 0.4 basis points to 3.19 per cent, having earlier touched a seven-year high of 3.23 per cent. Bond prices fall when yields rise. Matthew Maley, equity strategist at Miller Tabak, noted when the 10-year Treasury broke higher early this year it led to a sharp correction in the stock market.
Equities in Asia-Pacific were mixed as lingering worries about US-China trade relations dampened market optimism from the US economy and Wall Street’s string of record highs. In Hong Kong, the Hang Seng ...
Brent crude, the international benchmark, gained 1.8 per cent to settle at $86.29 a barrel, a nearly four-year high. note is up 11.8 basis points at 3.181 per cent, a seven-year high, on the back of data from the Institute for Supply Management that showed record activity in the US services sector. at 3.462 per cent during the previous session, as talks on a national budget between the parties of the governing populist coalition continued.
Bears have returned to target Hong Kong’s equities and currency after being blindsided in a painful short squeeze last month. The Hang Seng Index closed 2.4 percent lower and the Hong Kong dollar fell toward the weak end of its trading band with the greenback as traders returned to work Tuesday after a holiday. Mainland markets and exchange links with Hong Kong will be shut throughout the week.
Dickie Wong, executive director of research at Kingston Securities, discusses his 4th quarter outlook for the Hang Seng Index. He speaks on "Bloomberg Markets: China Open." (Source: Bloomberg)...
Asian stocks are looking at a mixed open, with Japan’s Nikkei 225 Stock Average set to extend an advance to its highest since 1991, after a muted U.S. trading session. Oil topped $75 a barrel in New York ...
U.S. stocks broke higher in afternoon trading, with multinationals pacing gains and small caps slumping after the new Nafta deal sparked optimism trade tensions would subside. Italy’s budget drama drove haven demand, with Treasuries and gold rising. The S&P 500 pushed to session highs and the Dow Jones Industrial Average notched a fresh record as trade-sensitive names from Caterpillar Inc. to Boeing Co. advanced.
Global stocks turned lower on Friday amid concern that Italy's populist government plans to spend heavily on policies that could add to the country's already heavy debt load. KEEPING SCORE: In Europe, Italy's FTSE MIB plunged 4.1 percent to 891 points, while France's CAC 40 lost 1 percent to 5,487. ITALIAN SPENDING: Italy's new government announced a sharp increase in spending that will push the budget deficit to 2.4 percent of gross domestic product next year, a significant jump from the 2018 target of 1.6 percent set by the former government.
Hong Kong’s equity bulls could finally get some reprieve in what’s turning out to be one of the worst years for the city’s traders since the global financial crisis. The final three months of the calendar year tend to be kind to the Hang Seng Index: it has posted a drop on only six occasions in the past three decades. Already reeling from China’s tumbling currency and the Sino-U.S. trade dispute, Hong Kong’s lackluster earnings season and an emerging-market crisis helped tip the Hang Seng measure into a bear market this month.
SINGAPORE (AP) — Asian markets rebounded on Friday as strong U.S. economic data supported the Federal Reserve's decision to raise interest rates.
European stock markets recovered their poise Thursday after earlier retreats in Asia as investors relaxed over the prospect of further U.S. interest rate rises. KEEPING SCORE: In Europe, France's CAC 40 and Germany's DAX were steady at 5,512 and 12,388 respectively. The FTSE 100 index of leading British shares was up 0.3 percent at 7.536.
Oct.01 -- Dickie Wong, executive director of research at Kingston Securities, discusses his 4th quarter outlook for the Hang Seng Index. He speaks on "Bloomberg Markets: China Open."