Tag: #AsianMarket
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Asian markets suffer losses due to a surge in coronavirus cases, Hong Kong
Hong Kong, Jan 28 (AFP/APP): Asian markets suffered further losses on Thursday, tracking a route in New York and Europe as markets were hit by a perfect storm of worries about the slow roll-out of vaccines, surging infections, a stuttering economic recovery, and high valuations. After a months-long rally sent several indexes to records or all-time…
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Dow slumps again to finish worst week since October 2008
New York, Feb 29 (AFP/APP): Wall Street stocks suffered another downbeat session on Friday to conclude the worst week since the 2008 financial crisis amid worries the coronavirus will derail global economic growth. The Dow Jones Industrial Average finished at 25,409.36, down 1.4 percent, but about 725 points above its session lows. The broad-based S&P…
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Asian markets swing but trade deal keeps mood buoyant
Hong Kong, Dec 20 (AFP/APP): Asian markets fluctuated on Friday as investors await fresh catalysts to drive business, though with the China-US trade deal out the way and Christmas approaching many are in wind-down mode. Wall Street provided yet another record-breaking lead, with all three main indexes being helped to all-time highs by news that…
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Asian markets track Wall St plunge following weak US data
Hong Kong, Oct 2 (AFP/APP):Asian markets sank Wednesday and the dollar struggled to bounce back following a worse-than-expected reading on US factory activity that revived worries about the impact of the trade war on the global economy. Adding to the selling pressure in Hong Kong were long-running concerns about the impact of increasingly violent pro-democracy…