Finance
Global markets have fallen after a tech sell-off that fuelled Wall Street’s worst day in a month and weak economic data in China showing an unprecedented slump in investment. Japan’s tech-heavy Nikkei fell 1.8% on Friday, South Korea’s Kospi plunged 2.6% and there was a 1.5% fall in Australia, after a torrid day on Wall…
Major investors say the global economy is strong enough to withstand a bubble in artificial intelligence and turmoil in private credit markets despite a sharp fall on Wall Street and the ASX over the past week. The local sharemarket tumbled to a four-month low on Friday as investors erased $37 billion in value on concerns…
Pullback-induced panic could meet its match in AI names like Nvidia. On Thursday, Nvidia stock fell 3.6%. Markets took a hit this week on worries that recent economic data could affect the Fed’s future moves. Late Wednesday, the White House said October data on inflation and employment withheld during the government shutdown will “likely never”…
Nikkei slides 2%, South Korea drops 3.6% Wall St tumbled overnight, bonds retreat Investors see Fed rate cut next month as a toss up Fed officials take hawkish view; U.S. jobs data for Oct may not be available SINGAPORE, Nov 14 (Reuters) – Asian shares tumbled on Friday, joining a global selloff as hawkish comments…
Benchmark indices Nifty and Sensex traded the Friday session lower as investors kept a close eye on the Bihar Election results. The frontline indices snapped a 4-day rally on November 14. Metal and IT stocks were the main drags, while auto and FMCG also opened in the red. The S&P BSE Sensex dropped 0.5% to…
Stay informed with free updates Simply sign up to the Capital markets myFT Digest — delivered directly to your inbox. Global markets slid on Friday as a sell-off in the US spread to Asia, while concerns mounted over high valuations of companies and growing doubts about whether the Federal Reserve would cut interest rates at…
STOCKS: The benchmark BSE Sensex SENSEX was down 0.3% to 84185, while the broader NSE Nifty 50 NIFTY decline 0.3% to 25793, tracking losses in Asian stocks as risk appetite took a hit as hopes for imminent rate cuts in the U.S. eased. RUPEE: The Indian rupee USDINR declined 0.06% versus the U.S. dollar to…
MANILA, Philippines (AP) — Asian shares retreated on Friday, tracking Wall Street’s tumble to one of its worst days since April as Nvidia and other AI superstar stocks kept dropping on worries their prices have shot too high. U.S. futures were nearly unchanged and oil prices advanced. South Korea’s Kospi led the regional decline, falling…
Indian equities paused on Thursday, with the Sensex and Nifty ending largely unchanged as a four-day rally lost steam. Early gains driven by easing inflation and optimism over a potential India-U.S. trade deal were tempered by caution ahead of the Bihar election results. The S&P BSE Sensex rose marginally by 12 points, or 0.01%, closing…
ORLANDO, Florida, Nov 13 (Reuters) – Wall Street tumbled and Treasury yields rose on Thursday as expectations of a Federal Reserve interest rate cut next month faded rapidly, while the dollar also fell in a bleak session for U.S. asset prices. More on that below. In my column today I look at the emerging parallels…