Finance

Asian stocks follow Wall St lower on economy fears

Editorial Bureau June 17, 2022

Beijing(China)- Asian stock markets were mostly lower Friday after Wall Street fell on fears that interest rate hikes will depress global economic activity. Tokyo, Seoul and Sydney fell. Shanghai and Hong Kong advanced. Oil prices edged lower but stayed above $115 per barrel. Wall Street’s

Finance

Global stocks rise on improved Chinese services data

Editorial Bureau June 6, 2022

Beijing(China)- Global stock markets and Wall Street futures advanced Monday after the downturn in China’s service industries eased. News reports said the Biden administration might lift U.S. tariffs on some Chinese imports. London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced. Oil prices gained to stay close to $120 per barrel. A survey […]

Business Finance

Asian shares rise, and China trading closed for a national holiday

Editorial Bureau June 3, 2022

Tokyo(Japan)- Trading was closed in China for the Dragon Boat Festival, a national holiday. Benchmarks in the rest of the region edged higher, cheered by a rally overnight on Wall Street. Asian shares rose Friday amid mixed signs for investors such as rising energy prices and COVID-19 restrictions easing in China. Market players are closely […]

Finance

Asian stocks rise after Wall Street broke a string of declines

Editorial Bureau May 30, 2022

Beijing (China)- Asian stocks rose Monday after Wall Street rebounded from a seven-week string of declines. China eased anti-virus curbs on business activity in Shanghai and Beijing. Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil rose more than $1 per barrel to stay above $110. On Wall Street, the benchmark S&P 500 index finished Friday up 6.6% […]

Finance

Final-hour rally yanks Wall Street from the maw of a bear market

Editorial Bureau May 21, 2022

New York (USA)- Wall Street rumbled to the edge of a bear market Friday after another drop in stocks briefly sent the S&P 500 more than 20% below its peak set early this year. The S&P 500 index, which sits at the heart of most workers’ 401(k) accounts, was down as much as 2.3% for the day […]

Finance

Asian stocks follow Wall St lower as rate hike worries grow

Editorial Bureau May 6, 2022

BEIJING — Asian stocks followed Wall Street lower Friday as fears spread that U.S. interest rate hikes to fight inflation might stall economic growth. Shanghai, Hong Kong, Seoul and Sydney declined. Tokyo gained as trading resumed after a holiday. Wall Street’s benchmark S&P 500 index plunged 3.6% on Thursday for its biggest one-day loss in […]

Finance

Tanking tech stocks drag down Wall Street

Editorial Bureau April 29, 2022

NEW YORK — After years of screaming higher, almost regardless of what the economy was doing, tech-oriented stocks are tanking and dragging down the rest of Wall Street. Many of these high-profile companies are still making billions of dollars in profits, and they continue to dominate the top of the rankings for most valuable businesses. […]

Finance

Asian shares mostly higher after wobbly day on Wall Street

Editorial Bureau April 29, 2022

Asian shares were mostly higher Thursday and the dollar rose to 130 yen after the Bank of Japan kept its near-zero interest rate stance unchanged. Tokyo’s Nikkei 225 rose 1.75% to 26,847.90 as the Japanese central bank downgraded its outlook for the world’s third-largest economy to take into account rising energy costs and uncertainties raised […]

Finance

Asian shares track Wall Street higher, oil prices retreat

Editorial Bureau April 15, 2022

BANGKOK — Asian shares were mostly higher Thursday after an advance on Wall Street that ended a three-day losing streak. Tokyo, Hong Kong and Shanghai advanced while Seoul edged lower. Oil prices fell back and U.S. futures climbed. Investors appeared to brush aside fresh evidence that inflation remains widespread in the U.S. economy according to […]

Finance

Asian stocks mixed after Wall St falls amid rate hike unease

Editorial Bureau February 8, 2022

BEIJING — Asian stock markets were mixed Tuesday after Wall Street fell as investors watched for signs of whether global central banks will try to cool inflation by speeding up the withdrawal of economic stimulus. Shanghai and Hong Kong declined. Tokyo, Seoul and Sydney advanced. In New York, the benchmark S&P 500 index sank Monday […]