stocks drop

 
 

Wall Street slips as Huawei fallout hits tech shares

NEW YORK, May 21 ― US stocks slid yesterday as the White House's restrictions on Chinese telecoms equipment maker Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions…


Malaysia’s April palm oil stocks drop 6.6pc

KUALA LUMPUR, May 10 — Malaysia’s total palm oil stocks in April 2019 fell 6.62 per cent to 2.73 million tonnes from 2.92 million tonnes in March 2019. Crude palm oil (CPO) stocks decreased 12.55 per cent to 842,372 tonnes during the month under…


US stocks drop on trade tensions

NEW YORK, May 7 — Wall Street stocks dropped again early today as the latest flare-up in US-China trade tensions dampened hopes for a speedy resolution to the months-long fight. About 15 minutes into trading, the Dow Jones Industrial Average had…


Wall Street opens down after record-breaking session

LONDON, April 24 — Wall Street opened slightly down today after a record-breaking session the day before failed to spark a major global rally. Bullish earnings and economic data catapulted New York’s S&P 500 and tech-heavy Nasdaq indices to…


Emerging-market currencies hit by strong dollar; stocks fall

NEW YORK, April 24 — Emerging-market currencies fell today against a dollar strengthened by US economic data. Stocks fell, with South Korean shares falling on worries that chip demand would weaken. Data yesterday showed sales of new single-family…


Hong Kong stocks finish lower

HONG KONG, April 10 — Hong Kong stocks dropped today as optimism over the China-US trade talks were dented by concerns about a brewing tariffs row between Washington and the European Union. The Hang Seng Index eased 0.13 per cent, or 37.93 points,…


US stocks drop as Boeing falls on lower 737 production

NEW YORK, April 8 — Wall Street stocks retreated early today, with Boeing especially weak at the start of a week that includes key Brexit negotiations and the start of earnings season. About 15 minutes into trading, the Dow Jones Industrial…


Tokyo’s Nikkei closes down more than 3pc on slowdown fears

TOKYO, March 25 — Tokyo’s benchmark Nikkei index dived more than three per cent today, as fears grow over a global economic slowdown. The Nikkei 225 index lost 3.01 per cent, or 650.23 points, to close at 20,977.11, while the broader Topix index…


Tokyo’s Nikkei closes down more than 3% on slowdown fears

TOKYO: Tokyo’s benchmark Nikkei index dived more than 3% on Monday, as fears grow over a global economic slowdown.

The Nikkei 225 index lost 3.01%, or 650.23 points, to close at 20,977.11, while the broader Topix index fell 2.45%, or 39.70 points, to 1,577.41.

Tokyo shares opened sharply lower, taking a negative lead from Wall Street, where stocks dropped on Friday after the closely watched yield curve flashed a warning sign that a recession could be looming.

“The Tokyo market sharply reacted to the yield curve inversion, which is a symbolic sign of slowdown,“ Daiwa Securities senior technical analyst Hikaru Sato told AFP.

The yield curve, which tracks the spread between short- and long-term rates on US Treasury bonds, briefly inverted on Friday, with yields on three-month bonds falling below those for 10-year notes – the first time this had happened since before the global financial crisis in 2007.

The yield curve has inverted prior to all recessions in recent decades.

Masayuki Kubota, chief strategist at Rakuten Securities, said the dovish US Federal Reserve decision last week was a relief for stock markets but “it also alarmed investors as it suggested the global economy is worsening”.

“A 2019 global slowdown has not yet fully been factored in. Recently, data after data show worsening of the global economy,“ he said.

“It is possible that the Nikkei will fall near 20,000 if the yen rises further,“ he added, noting it would provide a good opportunity to buy as the global economy is expected to rebound in 2020. — AFP


Tokyo's Nikkei dives more than 3 per cent on slowdown fears

TOKYO, March 25 — Tokyo's benchmark Nikkei-225 index dived more than 3 per cent in morning trade today, as fears grew over a global economic slowdown. At about 10am (0100 GMT), the Nikkei was down 3.15 per cent, or 682.18 points, at 20,945.16,…