Global stock markets closed higher Friday than the previous week. But investors are concerned that the central bank’s tighter monetary policy to fight inflation could hurt economic growth. The U.S. Federal Reserve’s largest interest rate hike since 1994 and the first in Switzerland in 15 years, the U.K.’s fifth rate hike since December, and the …
Stocks lose biggest weekly loss since 2020 due to central bank moves Read More »
—– Nikkei in Tokyo closed at the lowest level in more than a month, in line with international stock markets, which fell overnight yesterday. The losers were Tokai Carbon-7.37%, Shiwa Denko K.K.-6.29%. , SUMCO Corp.-5.88%. The top gainers were Keio Corp.+5.50%, Meiji Holdings+3.04%, and Osaka Gas+2.83%. The Nikkei index closed at 25,963.00, down 468.20, or …
—– Australia’s S&P/ASX 200 closed lower for five straight days as investors feared the Reserve Bank of Australia (RBA) would raise interest rates more after the Fed. The biggest losers were Administration Holdings Ltd-10.43%, Inghams Group-4.44%, and Sims Metal Management-4.05%. The biggest gainers were Winner Resolute Mining+10.42%, AP Eagers+5.44%, and Appen Ltd+5.10%. The S&P/ASX 200 …
Asian stock markets close mixed in response to Fed rate hike Read More »
—– The Nikkei in Tokyo closed in the red for the fourth day in a row. Investors fear a weakening of the U.S. economy. The biggest losers yesterday were Chiyoda Corp.-5.50%, Isetan Mitsukoshi Holdings-5.20%, and Osaka Gas-5.10%. Gainers were led by Sumitomo Osaka Cement+3.76%, Mitsubishi Chemical Holdings Corp+2.32. %, and Denka+1.68%. The Nikkei Index closed …
Markets in Asia Closed Mostly in the Red on Wednesday Read More »
—– The Nikkei in Tokyo closed in the red for the third day, with the Nikkei index falling more than 2% in the short period. The losers were Daiichi Sankyo-7.02%, Nissan Chemical Industries-5.80%, and Shiseido-3.82%. The winners were Tokuyama Corp.+2.74%, Taiheiyo Cement Corp.+2.72%, and Chiyoda Corp.+2.38%. The Nikkei index closed at 26,629.86, down 357.58, or …
Asian Stock Markets Closed Mainly in the Negative Read More »
European stocks ended lower on Monday (June 13) to a three-month low as rising inflation in the United States raised fears the Federal Reserve will raise interest rates sharply. The Stoxx Europe 600 Index closed at 412.52, down 10.19, or -2.41%, its lowest close since March 7.The French stock market CAC-40 index closed at 6,022.32, …
European Stock Markets Fall for the Fifth Day in a Row to a Three-Month Low Read More »
—– The Nikkei in Tokyo closed lower after the publication of the consumer price index (CPI) in the U.S., which was higher than expected. This prompted investors to expect the Federal Reserve (Fed) to tighten monetary policy further. The losers were Softbank Group Corp.-6.85%, Kubota Corp.-6.26%, Omron Cor-5.89%. Gainers were led by Kansai Electric Power+2.61%, …
Inflation and Interest Rate Concerns Push Markets Down in Asia Read More »
— The Dow Jones Industrial Average closed more than 800 points lower Friday (June 10) after the U.S. Consumer Price Index (CPI) came in higher than expected. This could prompt the U.S. Federal Reserve (Fed) to raise interest rates more sharply to curb inflation and could push the economy into recession The Dow Jones Industrial …
—– The Hang Seng in Hong Kong closed lower as investors worried that inflation numbers in the U.S. would remain high and cause the Federal Reserve (Fed) to raise interest rates. The losers were TradeGo Fin Tech-21.74%, KPM Holding-20.99%, and Dadi Intl-19.57%. The top gainers were Wines Link+69.49%, Koolearn Technology Holding+39.37%, and Core Economy Investment …
Asian Stock Markets Closed Lower into the Weekend Read More »
—– The Australian S&P/ASX 200 closed lower. The market was pressured by the decline in financial stocks. After the Reserve Bank of Australia (RBA) raised interest rates the most in almost 22 years. The losers were Appen Ltd -7.09%, Clinuvel Pharmaceuticals -6.81%, Lynas Rare Earths -6.19%. The S&P/ASX 200 index closed at 7,019.70 points, down …