stocks drop

 
 

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,…


Tokyo stocks open down more than 2 percent on slowdown fears

TOKYO: Tokyo stocks opened sharply lower on Monday as fears lingered over a global economic slowdown following a dive in US stocks.

The benchmark Nikkei 225 index dropped 2.13% or 460.36 points to 21,166.98 in early trade, while the broader Topix index fell 2.04% or 32.97 points to 1,584.14.

US stocks dropped after the closely watched yield curve flashed a warning sign that a recession could be looming.

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.

This happened as “concerns grow over the global economic downturn“, Tsuyoshi Nomaguchi, strategist at Daiwa Securities, said in a commentary.

The Japanese market is also being weighed by weakness in exports to China, he added.

Japanese exports bound for China in the January-February period “have not recovered to the level seen a year earlier,“ and orders for industrial machines remain weak, he said.

Investors are awaiting a series of data this week, including US housing starts for February on Tuesday and Japan’s factory output for February due on Friday, he added.

The dollar fetched 110.06 yen in early Asian trade, against 109.93 yen in New York on Friday.

In Tokyo, blue-chip exporters were lower across the board, with Sony falling 3.29% to 4,554 yen, Panasonic off 2.41% at 935 yen, Honda down 3.04% at 2,961 yen and construction machine maker Komatsu diving 4.80% to 2,537 yen.

On Wall Street, the Dow closed down 1.8% at 25,502.32.


Progress in US-China trade talks sparks world stock rally

NEW YORK, Feb 15 — Progress in the US-China trade talks helped send world stock markets broadly higher today and pulled investors out of the safety of government bonds. Europe’s broad Stoxx 600 index rallied 1.4 per cent. The Dow Jones…


European shares recover after weak data wobble

LONDON, Feb 15 — European shares recovered today after weak US and Chinese economic data earlier sent global equity markets into a dive. After opening lower, Europe’s STOXX 600 nudged up 0.2 per cent despite weakness in German equities. Demand…


Wall Street falls as surprise drop in retail sales rattle investors

NEW YORK, Feb 14 — US stocks fell today, as consumer and retail stocks dropped after a sharp decline in retail sales in December suggested a slowdown in economic activity. Retail sales tumbled 1.2 per cent in the last month of 2018, the commerce…


US stocks sag amid trade war worries

NEW YORK, Feb 8 — Wall Street stocks dropped early today, continuing to retreat for a third session amid revived trade war worries. About 15 minutes into trading, the Dow Jones Industrial Average stood at 25,003.57, down 0.7 per cent. The…