Wall Street stocks fell Friday, ending a lackluster week on a negative note amid uncertainty over the outlook for global growth and inflation. Analysts pointed to profit taking as a factor in Friday’s session and throughout the week following records earlier in the month. The losses pushed all three major indices into the red for […]
Stocks
US stocks mostly fall in profit taking after records
Wall Street stocks mostly fell Thursday despite strong corporate results, with analysts pointing to profit taking after major indices hit records in anticipation of earnings season. All three major indices had finished at records last Friday and again Monday just ahead of Tuesday’s unofficial kickoff of earnings season. Wall Street has been bullish on the […]
Tokyo stocks open higher on US rebound rallies
Tokyo stocks opened higher on Monday as investors took heart from rebound rallies on Wall Street, shrugging off concerns over the Delta variant of Covid-19. The benchmark Nikkei 225 index was up 1.72 percent or 481.13 points at 28,421.55 in early trade, while the broader Topix index gained 1.66 percent or 31.75 points to 1,944.13. […]
US stocks end at records in rebound rally, with Dow up 1.3%
Wall Street stocks powered to fresh records Friday, shaking off concerns about global growth and the Delta variant of Covid-19 that had pressured equities the day prior. All three major indices closed at all-time highs, led by the Dow Jones Industrial Average, which finished up 1.3 percent at 34,870.16. The broad-based S&P 500 jumped 1.1 […]
US-listed Chinese shares slump in wake of Beijing crackdown
Shares of Didi Chuxing plunged Tuesday after Beijing required app stores to pull the Chinese ride-hailing program as part of a widening crackdown on technology companies. Also falling sharply were Full Truck Alliance and Kanzhun, two other Chinese companies that recently began trading in New York, but now face Chinese government probes. More established US-listed […]
Hong Kong stocks flat at start of trade
Hong Kong shares were barely moved at the start of trade on Tuesday morning, with focus this week on the release of minutes from the Federal Reserve’s most recent policy meeting, looking for clues about its monetary policy plans. The Hang Seng Index inched down 6.87 points to 28,136.63. The benchmark Shanghai Composite Index was […]
Vitasoy tumbles on China boycott calls over Hong Kong police stabbing
Shares in Hong Kong’s Vitasoy plunged Monday as the beverage brand was hit by online boycott calls from Chinese consumers after an employee stabbed a policeman and then killed himself. The 81-year-old soy milk manufacturer saw as much as 15 percent wiped off its share price before closing some 12 percent down, its worst performance […]
US banks reward shareholders after Fed greenlight
Some of the United States’ biggest banks announced Monday they would pay tens of billions of dollars to shareholders in dividend increases and stock buybacks after getting the go-ahead from the Federal Reserve. The Fed lifted some Covid-era restrictions on banks last week as they proved able to successfully weather changing economic circumstances. In response, […]
Shanghai stocks open with gains
Shares in mainland China rose at the beginning of trade Monday, extending last week’s rally on growing optimism about the global recovery and following another record close on Wall Street. The benchmark Shanghai Composite Index added 0.17 percent, or 6.01 points, to 3,613.57, while the Shenzhen Composite Index on China’s second exchange added 0.23 percent, […]
Tokyo shares open higher after US infrastructure deal
Tokyo shares opened higher on Friday as investors cheered news that Washington had reached an agreement over massive infrastructure spending plans. The benchmark Nikkei 225 index rose 0.97 percent or 279.36 points to 29,154.59 while the broader Topix index added 0.90 percent, or 17.52 points, to 1,964.62. Global shares soared overnight as US President Joe […]