U.S. futures were up this morning in early trading after the S&P 500 rose 2% on Thursday. That’s nice, but the broader global markets have spoken loud and clear ever since President Trump’s “Liberation Day” announcement on trade tariffs: Most Asian markets have performed way better than Western ones. Some, like Japan’s TOPIX, are even…
Asian markets traded mostly higher on Thursday, while US stock market ended sharply lower overnight amid concerns over economic growth. While Japanese and South Korean markets traded higher, Hong Kong markets are likely to open on a weak note. Investor sentiment dampened after US Federal Reserve Chair Jerome Powell cautioned that US President Donald Trump’s…
Donald Trump’s trade war has fuelled worries about a possible global recession (Nelson ALMEIDA) Asian markets battled Tuesday to recover from the previous day’s tariff-fuelled collapse, though Donald Trump’s warning of more measures against China and Beijing’s vow to fight “to the end” raised concerns the trade war could worsen. Equities across the world have…
If last week suggested that the global economic order had been irreversibly changed, then Monday morning showed the magnitude of the disruption. Asian markets were roiled by the Trump tariffs on Monday . In Japan, the Nikkei closed 7.83% down; in Hong Kong, the Hang Seng did worse, closing 13.22% down; and in India, the…
New Delhi [India], April 7 (ANI): Asian stock markets witnessed a major sell-off on Monday after US President Donald Trump announced a new round of tariffs. The markets opened with heavy selling pressure, reflecting growing fears over the impact of the tariffs on global trade and economic growth. Japan’s Nikkei 225 index dropped sharply by…
By Wayne Cole SYDNEY (Reuters) -Asian markets faced more turmoil on Monday as fears of a global trade war saw Wall Street futures plunge, while investors wagered the mounting risk of recession could see U.S. rates cut as early as May. S&P 500 futures slid 4.79% in volatile trade, while Nasdaq futures dived 5.78%, adding…
Investors are nervously awaiting Donald Trump’s tariffs announcement, which is due later Wednesday (Andrew Harnik) Asian markets edged up Wednesday as nervous investors brace for Donald Trump’s wave of tariffs later in the day, though speculation about what he has in store is stoking uncertainty on trading floors. Equities have been battered leading up to…
“DO THE RIGHT THING” Trump late Wednesday called on decision-makers to cut rates now, urging on his Truth Social platform to “do the right thing”. Kerry Craig, global market strategist at JP Morgan Asset Management, said: “The Fed doesn’t have all the answers but faces plenty of questions about how it is interpreting the shift…
By Tom Westbrook SINGAPORE (Reuters) – Hong Kong shares rose to three-year highs and led Asian markets higher on Tuesday, as investors turn positive on the outlook for the world’s second-biggest economy and cheered recent data and promises to further support consumption. The Hang Seng was up 2% in morning trade and its 23% year-to-date…
BANGKOK (AP) — Asian markets advanced Friday, shrugging off another decline on Wall Street, with markets in China gaining after state-run banks and other financial institutions were ordered to do more to help spur more consumer spending. U.S. futures and oil prices advanced. Hong Kong’s benchmark jumped 2.5% to 24,038.85, while the Shanghai Composite index…