SINGAPORE- Global shares declined the sharpest on Friday, putting an end to years-long upbeat performance as novel coronavirus contagion disrupted trading activities and left investors uncovered.
An estimated five-hundred billion dollars in liquidity from the US Federal Reserve and an assurance of giving more were inadequate to ease the tension that has erased $14 trillion from global stocks in just one mont
Japanese stocks plummeted as markets across Seoul and Jakarta punched through down limit circuit breakers. The Nikkei .N225 declined 10% and is on track for sharpest weekly inactivity since the 2008 global financial crisis and majority of stocks are trading in red.
MSCI’s broadest index of Asia-Pacific shares outside Japan slid and fell flat to where it used to trade back in 2017. The previously sought oil and gold declined as investors tried to save everything to offset setbacks.
Australian benchmark sunk deeper with 8% loss and is approaching its dull week. Across South Korea, won was poorly beaten and the Kospi .KS11 dropped 7.7%. Moreover, Hong Kong’s Hang Seng index and China’s Shanghai composite .SSEC were depleted by 5% and 3% respectively.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S. coronavirus fiscal stimulus. The dollar’s decline lifted gold prices ...
Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...