Dow drops 400 points as investors fret about global growth outlook
Wednesday, 7 August 2019 20:45 WIB |
MARKET UPDATE | Standard & Poor's 500Saham AS
U.S. stocks opened with substantial losses Wednesday, with investors shunning equities and other assets perceived as risky for havens like Treasurys and gold amid rising worries about global growth prospects.
The Dow Jones Industrial Average was down 412 points or 1.6%, at 25,617, while the S&P fell 40 points, or 1.4%, to 2,841. The Nasdaq Composite dropped 1.3% to 7,729. Stocks sank as U.S. Treasurys posted a sharp rally, sending yields tumbling, following bigger-than-expected rate cuts by central banks in New Zealand and India and an unexpected easing by Thailand's central bank.
The moves underscored worries about a global growth slowdown in the face of a deepening U.S.-China trade war and also underlined concerns about the prospect of a global currency war marked by central banks racing to cut rates in an effort to gain an advantage from a weaker currency.
Thursday, 23 January 2020 10:30 WIB
Tokyo shares dropped on Thursday, led by energy-related and cyclical stocks, as investors remained anxious about the spread of a new flu-like virus in China and awaited Japanese corporate earnings.
The Nikkei share average dropped 0.5% to 23,901.72 in mid-morning trade, giving up nearly all the gai...
Thursday, 23 January 2020 09:04 WIB
Hong Kong stocks sank at the start of trade Thursday, with investors nervous over the deadly SARS -like virus that has spread from China.
The Hang Seng Index fell 0.82 percent, or 231.29 points, to 28,109.75.
The benchmark Shanghai Composite Index dropped 0.74 percent, or 22.80 points, to 3,037.95...
Thursday, 23 January 2020 07:38 WIB
Tokyo stocks opened lower on Thursday with the yen holding firm and risk appetite dampened by concerns about a new virus from China.
The benchmark Nikkei 225 index lost 0.77 percent or 184.53 points to 23,846.82 in early trade while the broader Topix index was down 0.58 percent or 10.19 points at 1...
Thursday, 23 January 2020 04:22 WIB
Hong Kong shares recovered some of the previous day's sharp losses on bargain-buying Wednesday but traders remain on edge as they await developments linked to the deadly SARS -like virus that has spread from China.
The Hang Seng index climbed 1.27 percent, or 355.71 points, to close at 28,341.04.
Thursday, 23 January 2020 04:17 WIB
U.S. stocks closed virtually unchanged Wednesday, giving up strong early gains even as investors weighed reports about the Chinese flu outbreak.
The Dow Jones Industrial Average closed about 9 points, less than 0.1%, higher, at about 29,187, while the S&P 500 was up a point, less than 0.1%, at ...