Asian stock markets up Monday after Wall Street hit a new high despite prolonged unrest over a possible second wave of coronavirus infections. The Nikkei 225 NIK, + 0.25% in Tokyo added 0.3% and the Hang Seng HSI, + 1.37% in Hong Kong advanced 1.5%. The Shanghai Composite Index rose …
Read More »Asian markets follow Wall Street higher thanks to fax hopes
TOKYO – Asian equities were higher on Friday over hopes of developing a vaccine for coronavirus, although concerns remained about long-term economic damage from the pandemic. The rise in regional benchmarks echoes the gains on Wall Street, which were led by large technology companies benefiting from people staying home during …
Read More »Asian markets fall after Fed minutes bring reality check
Asian stocks slipped Thursday after sobriety set in on Wall Street, and minutes from the US Federal Reserve posed economic challenges amid the coronavirus pandemic. Japanese benchmark Nikkei 225 NIK, -0.99% fell 1% in early trade, and the Kospi of South Korea 180721, -3.79% ploft 3.1%. Hang Seng HSI from …
Read More »Euro’s two-year high pushes ECB to buy more bonds
The European currency traded at $ 1.19 on Tuesday EURUSD, + 0.53%, about 7% up since the beginning of the year and more than 11% since March 20, round the time lockdowns were implemented across the continent. The European currency is now at its highest level since May 2018, and …
Read More »Asian markets are booming, though Nikkei is falling behind Japan’s record contraction
Japanese stocks fell while other Asian markets won Monday, after Japan reported a record economic contraction as the coronavirus pandemic loomed over retail, investment and exports. Investors in Asia looked forward to central bank meetings this week in China, Indonesia and the Philippines, with a few other market-moving events in …
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