Asian stock markets showed a positive trend at the start of the new trading week, while the Pakistan Stock Exchange (PSX) moved in the opposite direction, reflecting a bearish sentiment. Read More: PSX turns bearish, loses over 1,576 points In early trading, the benchmark KSE-100 index at the PSX declined by 0.7%, shedding around 1,199 points […]
Asian markets
Dollar steadies as hopes of US government reopening ease growth concerns
SINGAPORE – The U.S. dollar held steady in early Asian trading on Monday, supported by signs that Congress may be moving closer to a deal to reopen the federal government, even as weak economic data revived global growth concerns. The dollar index, which measures the greenback against six major currencies, rose 0.2% to 99.740, ending […]
Dollar retreats as investors bet on Fed rate cut
SINGAPORE: The U.S. dollar weakened in early Asian trading on Friday, reversing gains made earlier this month as investors turned cautious amid a lack of official U.S. labor market data. The dollar index, which tracks the greenback against six major currencies, fell 0.5% to 99.674. With the U.S. government shutdown delaying the release of the […]
Asian Stocks Slide as US-China Trade Tensions Flare
SYDNEY– Asian stocks dropped sharply on Monday as fears of a renewed US-China trade war unsettled investors already wary of stretched market valuations. However, Wall Street futures pointed to a recovery as risk appetite began to stabilize. US President Donald Trump’s threat of 100% tariffs on Chinese goods rattled global sentiment, though he later struck […]
Asian Markets Wobble as Wall Street Slips and Commodities Pause Rally
SINGAPORE – Asian stocks limped into Friday’s session on uncertain footing, as declines on Wall Street rippled across global markets and commodity prices eased after a powerful rally. Despite the day’s caution, regional equities remain poised for one of their best years in a decade, outperforming US markets as President Donald Trump’s economic and tariff […]
Most Asian markets down as traders eye key Powell speech
Most Asian markets down as traders eye key Powell speech. Asian markets were broadly lower Monday as the rally from June’s lows runs out of steam owing to renewed concerns about Federal Reserve plans to ramp up interest rates to combat runaway inflation. All eyes are on a symposium in Jackson Hole, Wyoming where […]
Asia markets hushed in countdown to fed lift off
SYDNEY: Asian markets were precariously poised on Wednesday as the world waited to hear from the US Federal Reserve on when it would stop buying assets and start raising interest rates, possibly piling pressure on its peers to follow. Futures have already priced in an end to tapering by March and a first hike to […]
Asian markets tumble after Wall Street battering as China retaliates
Asian markets extended a global sell-off on Tuesday following hefty losses on Wall Street that came in response to China’s hike in tariffs on $60 billion of US imports, ramping up tensions in a trade war between the global economic titans. The move by Beijing was followed by a warning of further action such as […]
Lack of US-China trade deal weighs on Asian markets
Markets in Asia were down on Monday as the lack of a US-China trade deal cast a cloud over nervous traders. Investors watched the latest developments warily in the trade war between the world’s top two economies, after negotiations in Washington ended Friday without agreement and a tariff hike on Chinese imports went into effect. […]