Category: Stock Market

Asian shares were mixed Friday following a selloff of technology shares on Wall Street. While Big Tech is benefiting from the shift to online life that the pandemic and ensuing stay-at-home economy has accelerated, critics said their stocks prices have surged too high. “Big tech stocks might have seemed like safe havens, but they have […]

Asian shares fell on Wednesday and oil prices hit lows not seen since June after a rout in technology shares sank Wall Street for a third consecutive day and a major drugmaker paused testing of a coronavirus vaccine. Global stock markets have recovered most of this year’s losses, but that was based largely on strong […]

Asian Shares declined Wednesday morning after shares on Wall Street tumbled overnight stateside. Asian Shares The Shanghai composite slipping 1.48%. The Shenzhen component declined 2.638%. Hong Kong’s Hang Seng index shed 1.16%. In Japan, the Nikkei 225 declined 1.57% while the Topix index fell 1.6%. South Korea’s Kospi also slipped 0.91%. Over in Australia, the S&P/ASX 200 dropped 2.54%. Overall, the MSCI Asia ex-Japan […]

Asian shares were mostly higher Tuesday, after European stocks rallied and U.S. markets were closed for the Labor Day national holiday. Investors are focusing on uncertainties over the coronavirus pandemic and hopes for a vaccine. Attention is now on how Wall Street might pick up after the holiday break, given the decline that came last […]

Asian shares were on the defensive on Monday as investors grappled with sky-high valuations against the backdrop of a global economy in the grip of a deep coronavirus-induced recession while oil prices dropped. Asian Shares Chinese stocks started lower while shares of Hong Kong-listed Semiconductor Manufacturing International Corp (SMIC) plunged to the lowest since June 16 […]

Asian shares skidded Friday after Wall Street had its worst day since June, as investors’ exuberance faltered after a spate of record highs. Asian Shares Shares fell across the region Friday, with Tokyo’s Nikkei 225 shedding 1.1%. The Nikkei 225 shed 255.04 points to 23,210.49. The Hang Seng in Hong Kong lost 1.9% to 24,528.82. […]

Robinhood Markets Inc. faces a civil fraud investigation over its early failure to fully disclose its practice of selling clients’ orders to high-speed trading firms, people familiar with the matter said. The investigation is at an advanced stage and the company could have to pay a fine exceeding $10 million if it agrees to settle […]

Asian equities started strong on Thursday as a sustained recovery in China’s services sector and the prospect of additional U.S. stimulus whetted risk appetite, while the dollar pared gains. Asian Shares MSCI’s broadest index of Asia-Pacific shares outside of Japan climbed 0.5%, clocking its third straight session of gains to hover near a recent 2-1/2-year […]

Asian stocks looked poised for a mixed start despite another record high for their U.S. peers as tech shares advanced and investors snapped up work-from-home winners. Stocks     S&P 500 futures were little changed as of 7:15 a.m. in Tokyo. The index rose 0.8% on Tuesday.    Futures on Japan’s Nikkei 225 advanced 0.3%.   […]

Asian share indexes edged lower Tuesday in mostly muted trading after a retreat overnight on Wall Street. Australia’s benchmark led the decline, falling more than 2% Tuesday ahead of a Reserve Bank of Australia decision that is expected to keep interest rates unchanged. Asian Shares The Japanese government reported that the seasonally adjusted unemployment rate […]