Tag: #WallStreet
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Stock markets suffer worst week since financial crisis
New York, Feb 29 (AFP/APP): Global stocks slumped again Friday to mark the largest weekly drop since the 2008 global financial crisis over fears the coronavirus could wreak havoc on the world economy. Crude oil prices tumbled as well and analysts said central banks, especially the US Federal Reserve, might have to shift into crisis-resolution…
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Asia markets extend losses as virus takes hold around world
Hong Kong, Feb 27 (AFP/APP): Asian markets fell again on Thursday as coronavirus infections surged outside China with more new countries reporting cases and analysts warning of more pain ahead for investors. Donald Trump looked to ease concerns about the crisis Wednesday, telling reporters in a rare White House briefing he did not think it…
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Under-fire Trump defends coronavirus response
Washington, Feb 27 (AFP/APP): US President Donald Trump on Wednesday defended his administration’s response to the novel coronavirus, accusing the media of spreading panic as he announced an evening news conference on the epidemic. It comes a day after a senior health official warned that, despite containment efforts, it was only a matter of time…
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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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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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Stocks fall as Apple spooks markets with virus warning
New York, Feb 18 (AFP/APP): Global stock markets fell Tuesday after Apple said the new coronavirus was hurting revenues, fueling investors’ fears over the damage the epidemic is inflicting on corporate bottom lines. Apple said it would miss its revenue forecast for the current quarter and global iPhone supplies would fall, sending tremors of dismay…
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Global stocks end week mixed as virus fear lingers
New York, Feb 15 (AFP/APP): Wall Street posted mixed results on Friday, ending an otherwise positive week as markets in Europe and Asia also muddled to a close. Of concern to investors was the new coronavirus outbreak that has spread globally, infecting 64,000 amid fears of widespread economic disruptions in the world’s second-largest economy, China,…
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Virus fears send Wall Street down after UK finance minister quits
New York, Feb 13 (AFP/APP): Renewed concerns over the virus epidemic in China sent Wall Street into the red on Thursday, while London’s stock market slid after UK finance minister Sajid Javid abruptly quit Prime Minister Boris Johnson’s government. In a reversal from a day prior when Wall Street closed at record highs, all three…
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US stocks close at records, brushing off virus fears
New York, Feb 12 (AFP/APP): Wall Street stocks hit new records on Wednesday, once again closing higher as investors remained confident that a virus outbreak in China will not imperil the global economy. The death toll from the COVID-19 coronavirus epidemic in China climbed past 1,100 earlier, but the number of new cases fell for…