World Markets
Asia-Pacific markets slip; China PMI data ahead
SINGAPORE — Shares in the Asia Pacific fell at the market open on Thursday as investors await data from China. The Nikkei 225 in Japan dropped 0.72% in early trade, while the Topix slipped 0.76% In Australia, the S&P/ASX 200 fell 0.33%. South Korea’s Kospi declined 0.76%, while the Kosdaq was 0.19% lower. MSCI’s broadest index […]
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Shares in the Asia Pacific fall; Australia retail sales rise
SINGAPORE — Shares in the Asia-Pacific fell on Wednesday after Wall Street’s negative performance on Tuesday. Investors will also be looking forward to Japan’s consumer confidence data release. Hong Kong’s Hang Seng index declined about 1% in early trade, while the Hang Seng Tech index dropped 1.44%. In South Korea, the Kospi dropped 1.55%, while […]
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Asia-Pacific stocks rise slightly as investors weigh economic concerns
SINGAPORE — Shares in the Asia-Pacific region were slightly higher on Tuesday as investors weigh economic concerns. Japan’s Nikkei 225 was up 0.11%, while the Topix rose 0.26%. In South Korea, the Kospi climbed 0.51% and the Kosdaq inched up 0.29%. Australia’s S&P/ASX 200 was 0.22% higher. There is a clear lack of conviction by […]
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Sri Lanka stops fuel supply to non-essential services as crisis worsens
A closed Ceylon Petroleum Corporation fuel station displays the availability of all fuel types on a board due to fuel shortage, amid the country’s economic crisis, in Colombo, Sri Lanka, June 27, 2022. Dinuka Liyanawatte | Reuters Sri Lanka will shut schools and only allow fuel supplies to services deemed essential like health, trains and […]
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European stocks close slightly higher; Prosus up nearly 16% on Tencent share sale plan
LONDON — European stocks closed slightly higher on Monday, as a positive trend seen at the end of last week’s trading lost some momentum. The pan-European Stoxx 600 index provisionally ended 0.6% higher, having traded up more than 1% earlier in the session. Mining stocks rose over 2% to lead the gains. In terms of […]
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Asia-Pacific markets set to trade mixed as investors monitor recession fears
A man walks past the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. Toru Hanai | Bloomberg via Getty Images SINGAPORE — Shares in the Asia-Pacific are poised to trade mixed on Monday as investors assess inflation and recession fears. The Nikkei futures contract […]
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Banking body BIS urges decisive wave of global rate hikes to stem inflation
The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised “quickly and decisively” to prevent the surge in inflation turning into something even more problematic. The Swiss-based BIS has held its annual meeting in recent days, where top central bankers met to discuss their current […]
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European stocks log best session in more than 3 months; tech shares gain 3.8%
LONDON — European markets closed sharply higher on Friday to end a volatile week, as investors around the world assessed inflation and fears of an economic recession. The pan-European Stoxx 600 index closed up by 2.6% provisionally, its best day in more than three months, with tech shares adding 3.8% to lead gains as all […]
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Asia-Pacific stocks trade mixed as markets monitor recession concerns
SINGAPORE — Shares in the Asia-Pacific region were mixed on Friday as investors weigh recession fears. In Japan markets, the Nikkei 225 rose 0.13%, while the Topix declined 0.11%. South Korea’s Kospi gained 0.7%, and the Kosdaq advanced 1.34%. The S&P/ASX 200 in Australia slipped 0.21%. The New Zealand market is closed for a holiday […]
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OPEC+ to stick to oil supply boost plan as Biden heads to Saudi Arabia, sources say
U.S. President Joe Biden salutes as he boards Air Force One en route to Delaware Air National Guard Base from Joint Base Andrews, Maryland, May 13, 2022. Elizabeth Frantz | Reuters OPEC and allied producing countries including Russia will likely stick to a plan for accelerated oil output increases in August, sources said, hoping to […]
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