Market

July 5, 2021 12:21 PM

Asian stocks extend global rally after U.S. jobs report

Japanese markets, however, bucked the trend, with the Nikkei falling 0.5% following a surge in COVID-19 infections in Tokyo, just weeks before the city hosts the Olympics. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3%, led by a 1% gain in Taiwan. Chinese blue chips added ...

April 23, 2021 11:59 AM

Asian shares shake off U.S. tax worries, cryptocurrencies plunge

Modestly firmer equity markets contrasted with ructions in cryptocurrencies as investors fretted over the impact of tax changes. Bitcoin’s rout deepened, dropping below the $50,000 level to a low of $48,338.37, its lowest level in nearly seven-week. Ethereum plunged nearly 12% before trimming loss...

April 15, 2021 12:04 PM

Asian shares defensive, dollar struggles near one-month lows

MSCI’s broadest index of Asia-Pacific shares outside Japan paused after two straight days of gains. It was last at 690.53, a long way from a record high of 745.89 touched in February. Japan’s Nikkei rose 0.2% while South Korea’s KOSPI index was up a tad. Australia’s benchmark index sli...

March 22, 2021 12:01 PM

Asia stocks hesitant as bonds boosted by Turkish tumult

The dollar was trading almost 12% higher versus the lira at 8.0520, the sharpest move since August 2018 when Turkish markets were in another of their periodic crises. The slide came after President Tayyip Erdogan shocked markets by replacing Turkey’s hawkish central bank governor with a critic ...

March 12, 2021 10:47 AM

Asian stocks up as Biden signs stimulus, lower yields boost tech

Biden signed the stimulus legislation ahead of a televised address in which he pledged aggressive action to speed vaccinations and move the country closer to normality by July 4. The signing of the American Rescue Plan provided a further boost to market sentiment after the European Central Bank s...

August 4, 2020 2:15 PM

Valuation of Asian shares rises to decade high on stimulus support

MSCI’s broadest index of Asia-Pacific shares rose 4.29% last month, recording its fourth straight monthly gain. The index’s 12-month forward price-to-earnings (P/E) ratio was at 16.15, the highest since December 2009, the data showed. Meanwhile, MSCI’s gauge of stocks across the globe climb...

March 11, 2024 5:05 PM

Equity gauges in the green, metal and auto stocks gain

The BSE S&P Sensex was up by 536 points or 1.78 per cent at 30,565 while the Nifty 50 edged higher by 159 points or 1.8 per cent at 8,982.  Except for PSU bank, all sectoral indices at the National Stock Exchange were in the positive zone with Nifty metal and auto up by 1.7 per cent each, pr...

May 12, 2020 3:00 PM

Gold prices rise on fears about second wave of coronavirus infection

The new wave of infections is “priced through the fact that markets are looking at negative (U.S.) interest rates,” analyst Daniel Hynes said, adding that the market was expecting some additional support from the Federal Reserve. However, “we have (also) had a little bit of a rally in the U...