Tag: #AsianMarkets
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Oil extends losses on price war, recession fears
Singapore, March 13 (AFP/APP): Oil prices extended losses in Asian trade Friday due to a standoff between top producers Saudi Arabia and Russia, and mounting fears the coronavirus pandemic could spark a global recession. West Texas Intermediate was down 0.5 per cent at $31 a barrel while Brent crude slipped 0.3 per cent to $33…
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Tokyo’s key Nikkei index down 3 percent in early trade
Tokyo, March 10 (AFP/APP): Tokyo’s key Nikkei index dropped three per cent in early trade on Tuesday following a blistering sell-off on Wall Street sparked by a crash in oil prices and fears over the coronavirus. The benchmark Nikkei 225 index slipped after the opening bell, trading down 3.08 per cent or 607.17 points at…
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Asian markets take another hit as virus quickly spreads
Hong Kong, Feb 26 (AFP/APP): A sea of red washed across Asian markets on Wednesday, with the coronavirus spreading rapidly around the world and health chiefs warning that governments were not prepared for the outbreak. The heavy selling, after a day of relative calm caused by bargain-buying, followed another rout on Wall Street where all…
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Asian markets mixed after virus-fuelled global bloodbath
Hong Kong, Feb 25 (AFP/APP): Asian markets were mixed Tuesday as bargain-buying after the previous day’s bloodbath tempered fears that the coronavirus will develop into a pandemic and hammer the global economy. News at the weekend that COVID-19 was now spreading and claiming lives far beyond China sparked a flood to safety on trading floors…
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Asia markets plunge on virus worries
Hong Kong, Feb 24 (AFP/APP): Seoul led a sharp drop across Asian equity markets Monday as South Korea announced a surge in COVID-19 infections, while oil plunged and safe haven assets rallied on growing concerns about the global spread of the deadly virus. With the outbreak showing little sign of easing investors are increasingly concerned…
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Markets slide on fears of virus spread
New York, Feb 22 (AFP/APP): More cases of the new coronavirus outside China along with warnings by major companies that their earnings could be hurt caused most stock markets to pull back on Friday. “Coronavirus was back at the top of the agenda on Friday, with a rising number of new cases in China and…
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Asian markets rebound after fresh Wall St records
Hong Kong, Feb 11 (AFP/APP): Asian markets rebounded on Tuesday spurred by fresh Wall Street records but investors remained jittery about the global economic impact of the coronavirus outbreak in China. Eyes are on China as the world’s second-largest economy sputters back up after a forced extension to the Lunar New Year holiday because of…
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Asian markets build on global rally as virus fears ease
Hong Kong, Feb 6 (AFP/APP): Asian markets on Thursday extended this week’s global rally following a fresh record in New York, while safe havens retreated as concerns about the impact of the deadly China virus eased. Despite Beijing announcing that almost 500 people had died from the outbreak and more than 24,000 were infected, analysts…
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Asian markets build on global rally, virus fears ease
Hong Kong, Feb 5 (AFP/APP): Asian markets on Wednesday extended this week’s global rally following a fresh record in New York, while safe havens retreated as concerns about the impact of the deadly China virus eased. Despite Beijing announcing that almost 500 people had died from the outbreak and more than 24,000 were infected, analysts…
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Asian markets rise, Shanghai swings as investors track virus
Hong Kong, Feb 4 (AFP/APP): Asian markets rose Tuesday with Shanghai fluctuating between positive and negative as bargain-buyers stepped in after the previous day’s rout but trading floors remained anxious as China’s deadly virus claimed more lives. Investors tracked gains in Wall Street and Europe following last week’s rout, though focus remains on authorities’ efforts…