Nasdaq

April 15, 2025 8:53 AM

Asia shares rise, bonds hold steady on some tariff reprieve

Asia shares edged slightly higher on Tuesday, helped by gains in auto companies after U.S. President Donald Trump suggested he might grant exemptions on auto-related levies already in place. U.S. Treasury bonds steadied having staged a recovery overnight following last week's historic selloff, while the dollar continued to fall out of favour with investors. Trump said on Monday he was considering a modification to the 25% tariffs imposed on foreign auto and auto parts imports from Mexico, Cana...

April 11, 2025 9:54 AM

Global stocks, dollar sink, bonds pummelled again as trade war roils markets

Global stocks slumped and the dollar sank further on Friday, while a manic bond selloff took hold in a brutal end to the week of tit-for-tat worldwide tariffs that have fed fears of a deep recession and shaken investor confidence in U.S. assets. The anxiety has sparked a rush into safe havens, sending the Swiss franc soaring to a decade high against the dollar, and gold to a new peak after a brief but massive relief rally following U.S. President Donald Trump's move to temporarily lower tariffs...

A investor pays attention to the stock market at a securities trading hall in Hangzhou, east China's Zhejiang province on April 8, 2025. Photo credit should read CFOTO/Future Publishing via Getty Images

April 9, 2025 8:57 AM

Stocks slide in Asia as recession fears pummel sentiment, oil hits four-year lows

Stocks in Asia extended a slide on Wall Street on Wednesday as President Donald Trump looked set to press ahead with whopping 104% tariffs on Chinese goods, pummelling oil prices to four-year lows as global recession fears gripped financial markets. The U.S. dollar fell against safe-haven currencies but the offshore yuan hit a record low of 7.4287 per dollar overnight. Fed fund futures jumped in early Asian trade to imply around 115 basis points of interest rate cuts this year, compared to 92 b...

April 3, 2025 9:29 AM

Global stocks slump as US tariffs hit tech hardest

Stocks dived and investors scrambled to the safety of bonds, gold and the yen on Thursday as U.S. President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world's largest economy, upending trade and supply chains. The high-flying tech sector was pummelled as manufacturing hubs in China and Taiwan faced new tariffs above 30%, bringing the total new levy to an eye-watering 54% on imports from China. "The U.S. effective tariff rate on all imports look to be the highest le...

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...

January 28, 2025 9:18 AM

China’s AI drive hammers global tech stocks

U.S. stock futures steadied, the dollar ticked higher and tech stocks in Asia slid on Tuesday following a wave of selling as apparent advances by a Chinese AI startup cast doubt on U.S. dominance and spending in one of the market's hottest sectors. Overnight, chipmaker Nvidia dived 17%, wiping off nearly $593 billion in the biggest market capitalisation loss in history. "We are on the front edge of an urgent re-evaluation of a narrative that has gripped the market for almost two years. Tha...

September 16, 2024 3:25 PM

Sensex, Nifty surge as global markets rebound

Indian stock markets opened on a positive note Thursday, riding the wave of a global market rally triggered by easing inflation in the United States. The benchmark Nifty 50 index surged 0.57% or 141.20 points to 25,059.65, while the BSE Sensex climbed 0.5% or 407 points to 81,930.18 at the opening bell. This upbeat start comes in response to the latest US inflation data, which showed a moderation in August. The cooling inflation has fueled expectations of potential Federal Reserve rate cuts at...

September 6, 2024 12:59 PM

Markets on tenterhooks ahead of key US jobs data

Asian shares struggled for direction while the yen jumped on Friday, as investors remained on tenterhooks ahead of U.S. jobs data that could decide the size and speed of coming rate cuts in the world's largest economy. Oil prices are staring down their worst week in more than a year to hover just above a critical chart level, with their near-term fate depending on the payrolls report due later in the day. Europe is set for a lower open, with both EUROSTOXX 50 futures and FTSE futures off 0.2...

September 4, 2024 11:26 AM

Nvidia suffers record $279 billion loss in market value as Wall St drops

Shares of AI heavyweight Nvidia tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened their optimism about artificial intelligence in a broad market selloff following tepid economic data. Nvidia lost $279 billion in market capitalization, a major indication that investors are becoming more cautious about emerging AI technology that has fueled much of this year's stock market gains. The PHLX chip index plummeted 7.75%, its bigge...

September 16, 2024 3:34 PM

Nifty, Sensex open flat amid decline in global indices

Indian stock markets opened with mixed signals on Thursday, reflecting the broader decline in global indices. The benchmark Nifty 50 index began trading down 17 points, or 0.07%, at 25,035.30, while the Sensex showed a marginal increase of 35 points, or 0.05%, opening at 81,822.56. The flat opening comes in the wake of pressure on global markets following Nvidia's quarterly results announcement. Despite strong financial performance, the tech giant's management guidance disappointed some investo...