Asian Stocks Drop as Rally Eases; Pound Holds Loss
Wednesday, 13 March 2019 10:53 WIB |
MARKET UPDATE |MSCI Asia PacificSaham Asia
Stocks in Asia dropped Wednesday as the positive sentiment at the start of the week faded for lack of fresh data alleviating global growth concerns. The pound held losses as the U.K.'s Brexit woes deepened anew.
Shares posted losses across the region, with the heaviest declines coming in Japan, while futures signaled lower starts in Europe and the U.S. Earlier, the S&P 500 Index closed slightly higher. Treasuries and the dollar steadied after yields fell Tuesday in the wake of softer inflation data that bolstered bets the Federal Reserve will remain patient. Australia™s dollar weakened with bond yields after weak consumer confidence data reinforced a deteriorating outlook for the economy. The yen edged higher.
The MSCI Asia Pacific Index fell 0.7 percent at 12:26 p.m. in Tokyo. Japan™s Topix index slipped 1.2 percent. Hong Kong's Hang Seng Index fell 0.5 percent.
Australia's S&P/ASX 200 Index declined 0.5 percent. Shanghai Composite slipped 0.3 percent. South Korea™s Kospi index declined 0.9 percent.
Saturday, 21 September 2019 03:33 WIB
Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's economy.
The Hang Seng Index slipped 0.13 percent, or 33.28 points, to 26,435.67.
The benchmark Shanghai Composite Index gained 0.24 percent, or 7.17 poin...
Saturday, 21 September 2019 03:27 WIB
Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about U.S.-China trade talks.
The Dow Jones Industrial Average fell 160.19 points, or 0.59%, to 26,934.6, the S&P 500 lost 15.08 points, or 0.50%, to 2,991.71 a...
Friday, 20 September 2019 23:51 WIB
European shares were set for their fifth straight week of gains on Friday, led by defensive and retail stocks, but gains were limited as investors remained cautious about a wider economic slowdown and progress in U.S.-China trade talks.
A 1.08% increase in the retail sector helped lift the pan-Euro...
Friday, 20 September 2019 23:38 WIB
U.S. stocks ticked higher on Friday, as cues of easing monetary policy around the globe and signs of further co-operation on Sino-U.S. trade talks kept the S&P 500 within 1% of a record high.
China cut its new one-year benchmark lending rate for the second month in a row, days after the Federal...
Friday, 20 September 2019 20:45 WIB
U.S. stocks opened higher on Friday, pushing key equity benchmarks closer to all-time highs, as investors keyed into encouraging signs on U.S.-China trade talks.
The S&P 500 was up 0.2% to trade at 3,012. The Dow Jones Industrial Average advanced 59 points, or 0.2% , to 27,152. The Nasdaq Compo...