Asian stocks fell on Friday when reports showed layoffs of US workers persist at high levels after the US economy contracted at an annual rate of nearly 33% in the spring, the worst quarter on record. The earnings reports, an indicator of how well companies are handling the consequences of …
Read More »Asian markets mixed amid tensions between the United States and China, economic concerns
Asian stock markets mixed Monday amid tensions between the United States and China and concerns that the recovery from the coronavirus pandemic may be weakening. Nikkei NIK from Japan, -0.15% It fell 0.4% as operators returned from a four-day vacation weekend. Hong Kong HSI Hang Seng Index, -0.41% fell 0.1%, …
Read More »Asian markets sink as tensions rise between the US and China, US tech stocks fall
Shares fell in Asia early Friday morning, after mounting tensions between the United States and China and a massive sale of tech stocks on Wall Street. Hong Kong HSI Hang Seng Index, -2.17% fell 1.9% while the Shanghai SHCOMP compound, -2.73% it sank 2.3% and the smallest-cap Shenzhen Composite 399106, …
Read More »Asian markets win on vaccine hopes, Wall Street tech rally
The Asian actions were mostly on Tuesday due to rising hopes of an effective vaccine to combat the coronavirus pandemic. Scientists at Oxford University reported that their experimental coronavirus vaccine elicited a protective immune response in hundreds of people who received the vaccine in an early trial. Other projects are …
Read More »Asian markets fall amid fears of coronavirus, friction between China and the United States
Shares fell in Asia on Tuesday due to skepticism about the recent upward momentum in world markets due to rising confirmed cases of coronavirus and straining strains between the United States and China. The White House decision to reject almost all Chinese maritime claims in the South China Sea increased …
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