Asian stock markets declined on Monday as escalating conflict in the Gulf and renewed concerns over the Strait of Hormuz sent oil prices sharply higher, raising fears of inflation and increasing uncertainty across global financial markets. Read More: Oil prices ease after Opec+ boosts output targets Investor sentiment weakened after Iran claimed to have closed the […]
Asia markets
Asian markets showed mixed performance as oil rises on Iran tensions
Asian stock markets showed a mixed performance on Friday as rising geopolitical tensions between the United States and Iran kept investors cautious, while oil prices continued to climb amid ongoing uncertainty. Read More: Oil rises further above $100, most Asian stocks fall as Iran war rages A broad regional index of Asia-Pacific shares outside Japan edged up slightly, […]
PSX surges as KSE-100 gaining over 1,900 points
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a strong bullish trend on the last trading day of the week, with the benchmark KSE-100 Index gaining more than 1,900 points during intraday trading. Read More: PSX surges over 14,137 points amid improving regional situation The rally comes in the wake of a ceasefire in the Middle East, […]
Asian markets rebound as strong U.S. data boosts investor confidence
SINGAPORE – Asian stock markets rebounded on Thursday, recovering from a sharp selloff in the previous session, as upbeat U.S. economic data restored investor confidence and drew buyers back into markets trading near record highs. Data released on Wednesday showed the U.S. services sector reached an eight-month high in October, while private payrolls rose by […]
Gold demand cools in India after festivals
Gold was sold at a discount in India for the first time in seven weeks, as demand waned following the festive season, while premiums rose across other major Asian hubs amid improved investor activity. Indian dealers offered discounts of up to $12 per ounce over official domestic prices, including taxes, compared to last week’s premium […]