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Asian shares gained on Wednesday in the wake of Wall Street’s massive rebound as U.S. senators and Trump administration officials reached an agreement on a giant economic stimulus bill to alleviate the economic impact of the coronavirus outbreak. Shares European benchmark stock futures rose more than 1% in early trade but U.S. stock futures were […]
Asian stocks rallied on Tuesday as the U.S. Federal Reserve’s promise of bottomless dollar funding eased painful strains in financial markets, even if it could not soften the immediate economic hit of the coronavirus. Asian Shares MSCI’s broadest index of Asia-Pacific shares outside Japan added 1.2 percent, though that followed a drop of almost 6 […]
U.S. futures dropped more than 4% and Australia’s share benchmark initially plunged 8.5% as work on more stimulus for the U.S. economy hit snags in the U.S. Senate. Asian Shares & U.S. futures Shares dropped more than 4% in Hong Kong and 5% in South Korea. The Shanghai Composite index lost 2.6%. Japan’s Nikkei 225 […]
Asian markets jumped Friday while US stock stuttered after yet another volatile day of trading. Asian Markets and U.S futures South Korea’s Kospi was last up 4.5%, putting the benchmark index on pace to record its first gains since March 10. Hong Kong’s Hang Seng Index increased 2.8%, while Australia’s S&P/ASX 200 advanced 1.9%. China’s […]
The European Union’s market watchdog is ramping up surveillance of hedge funds and other short sellers that may be taking advantage of the market rout caused by the coronavirus outbreak. The prohibitions apply, as follows: FSMA, Belgium · The measure bans transactions which might constitute or increase net short positions on stocks admitted to trading on Belgian trading […]
Asian markets continued to lose ground Thursday morning in Asia as fears of a global recession caused by the COVID-19 pandemic continue to grip markets. Asian markets Japan’s Nikkei 225 could not hold on to a strong start to the morning session. The Japanese benchmark opened up 2.34%, but quickly gave up those gains and was down 0.78% by 10:04 PM ET (02:04 AM GMT). The Bank of Japan is […]