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Shares of the largest technology company in Japan SoftBank Group at the end of trading in Hong Kong on Monday fell by 7.27%. This was caused by investors' concerns about the close attention of the world community to the disappearance of opposition journalist Jamal Khashoggi, who criticized the government of Saudi Arabia. On Sunday, the Saudi Arabia stock index fell by 7% after the readiness expressed by US President Donald Trump to severely punish Saudi Arabia for the disappearance of a journalist. SoftBank has close ties with the government of Saudi Arabia. Analysts have noted a negative reaction in the world to investors and technology companies that receive funding from the government of Saudi Arabia.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
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 ...
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 ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
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