Feedback | Thursday, April 03, 2025

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April 1, 2025 9:01 AM

Global stocks stabilise, gold hits record as Trump prepares to unveil reciprocal tariffs

Asian equities rose on Tuesday following Wall Street's overnight gains, while gold hit an all-time peak and Treasury yields fell as markets awaited details of U.S. President Donald Trump's reciprocal tariffs. The Japanese yen strengthened as traditional haven assets drew demand. Meanwhile, the risk-sensitive Australian dollar was under pressure after a soft reading of local retail sales, ahead of a Reserve Bank of Australia policy decision later in the day. Regional stocks found some respite o...

March 21, 2025 10:41 AM

Asian stocks slide as growth, tariff worries weigh

Asian stocks fell on Friday in a downbeat end to the week as deepening geopolitical worries and fears over U.S. tariffs and their impact on the global economy curbed investors appetite for risk, keeping safe-haven gold near record highs. Futures for the S&P 500 and Nasdaq were steady in Asian hours, while European futures pointed to a weak open. Policymakers across the globe struck a cautious note in a week filled with central bank meetings as uncertainty in global economics and politics g...

March 11, 2025 10:31 AM

Asian stocks slide, yen gets a boost as US growth worries grip markets

Asian stocks fell sharply on Tuesday as a market selloff extended on mounting worries that a wide-ranging trade war could dent U.S. economic growth and lead to a recession, sending skittish investors to the safe-haven Japanese yen. Investor concerns about the potential economic slowdown were exacerbated after President Donald Trump in a Fox News interview talked about a "period of transition" while declining to predict whether his tariffs would result in a U.S. recession. Those comments and wo...

November 19, 2024 9:07 AM

Asian stocks rise, dollar weak as US yields tick down

Asian stocks rose on Tuesday while U.S. bond yields and the dollar hung back from multi-month highs as traders awaited President-elect Donald Trump's cabinet selection and sought to gauge the outlook for Federal Reserve easing. Tech shares advanced, tracking Wall Street's recovery from last week's steep losses although Nvidia's upcoming earnings on Wednesday limited the scope for big moves. Markets have pared bets for a quarter-point interest-rate cut at the Fed's next meeting in December to l...

November 12, 2024 1:39 PM

Asia stocks slip, bitcoin at record high as Trump trade whipsaws markets

Asian stocks tumbled on Tuesday dragged by Chinese markets and chip shares as investors worried about U.S. President-elect Donald Trump's policies, while bitcoin hit a record peak on bets on assets that are set to benefit from the new administration. Investors anticipate Trump's second four-year term in office will bring equities-boosting tax cuts and looser regulations, lifting the world's biggest and best-known cryptocurrency, bitcoin, to an all-time high of $89,637. But the threat of possib...

November 11, 2024 9:57 AM

Asian stocks slide as China stimulus disappoints; bitcoin extends record rally

Hong Kong stocks led declines in Asia on Monday after Beijing's latest stimulus fell short of investor expectations, overshadowing Wall Street's record highs from Friday and futures pointing to further strength at the reopen. Bitcoin climbed to an all-time high as Donald Trump's victory in the U.S. presidential election along with pro-crypto candidates being voted to Congress spurred expectations of a light-handed regulatory environment. The dollar traded not far from last week's four-month pe...

November 8, 2024 11:24 AM

Asian stocks climb on Wall Street’s lead; dollar sags after Fed cut

Asian stocks rose broadly on Friday (November 8), tracking Wall Street's overnight rise to record highs, as investors digested the Federal Reserve's message for careful interest rate cuts even with expectations for big fiscal spending under incoming President Donald Trump. Although the U.S. Federal Reserve's rate cut was expected, Trump's pro growth policies could be inflationary and slow down future cuts, Associate Professor of Finance at Melbourne's RMIT University Angel Zhong said. In Tokyo...

August 14, 2024 5:07 PM

Stock market closes on a positive note amid cautious sentiment

The Indian stock market ended Wednesday's trading session on a positive note, despite a cautious undertone among investors. The Nifty 50 at the National Stock Exchange (NSE) recorded a marginal gain of 4.75 points, or 0.02%, closing at 24,143.75. Meanwhile, the BSE Sensex advanced by 149.86 points, or 0.19%, to settle at 79,105.89. The trading session saw the Nifty 50 move within a narrow range as it approached the monthly expiry, reflecting a largely sideways market. Large-cap stocks led the g...

June 19, 2024 9:46 AM

Asian stocks rise on tech rally, Fed rate cut wagers

Asian shares rose to their highest in three weeks on Wednesday, buoyed by a rally in tech stocks, while the dollar wobbled after soft U.S. retail sales data reinforced expectations of the Federal Reserve cutting rates later this year. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.72% higher, with the tech stocks in the region up 1.6% at a record high. Japan's Nikkei rose 0.59%, while blue chip stocks in China were 0.42% lower. Hong Kong's Hang Seng index rose 1.3%. Data on ...

June 14, 2024 9:35 AM

Asian stocks slide, yen wobbles ahead of BOJ verdict

Asian stocks fell on Friday as investors pondered the outlook for U.S. rates after the Federal Reserve tempered its rate-cut views even as inflation came in softer than expected, while the yen was shaky before the Bank of Japan's policy meeting. The dollar was hovering near a one-month high on the back of the hawkish tone from the Fed this week, while political uncertainty in Europe kept the euro under pressure. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.48% lower. Chines...

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Last Updated: 3rd Apr 2025