Global  

Asia defies Wall Street weakness but economy, election worries cap gains

WorldNews Friday, 18 September 2020
Asia defies Wall Street weakness but economy, election worries cap gainsSINGAPORE/NEW YORK - Asian stocks inched up on Friday, despite Wall Street declines, but struggled to make deeper gains as worries about a faltering economic recovery kept investors to the sidelines or seeking safer harbour in assets such as the Japanese yen. Oil prices held hefty overnight gains after OPEC flagged a crackdown on member states that did not cut output and the dollar was back to nursing losses after a brief journey higher in the wake of Wednesday’s Federal Reserve meeting. MSCI’s broadest index of Asia-Pacific shares outside Japan looked set to end the...
0
shares
ShareTweetSavePostSend
 
Video Credit: Reuters Studio - Published
News video: Wall St. rocked by historically high jobless claims

Wall St. rocked by historically high jobless claims 02:02

The Dow ended lower for the first time in five sessions amid a broad-based sell across Wall Street after data showed high levels of weekly jobless claims. Conway G. Gittens has more.

💡 One News Page Knowledge: Other News Mentions

Wall Street Wall Street Street in Manhattan, New York

Asian Markets Undergoing a Second Consecutive Down Day

The shockwaves from Monday’s major losses on Wall Street are reverberating throughout Asian financial markets Tuesday. The Nikkei index in Tokyo lost eight..
WorldNews

Stocks have their worst day in a month as virus cases surge

U.S. stocks fell sharply Monday as a troubling increase in coronavirus counts put investors in a selling mood. The skid came as doubts mount on Wall Street that..
WorldNews
Wall Street tumbles as virus cases soar [Video]

Wall Street tumbles as virus cases soar

U.S. stocks tumbled on Monday, with the S&P 500 posting its biggest daily decline in four weeks, as soaring coronavirus cases and uncertainty about a fiscal relief bill in Washington dimmed the outlook for the U.S. economic recovery. This report produced by Yahaira Jacquez.

Credit: Reuters Studio    Duration: 02:00Published
Trouble for markets, if tech earnings disappoint: Kramer [Video]

Trouble for markets, if tech earnings disappoint: Kramer

Hilary Kramer, CIO of Kramer Capital Research, joins Yahaira Jacquez to discuss stocks on Wall Street falling sharply on Monday and her take on tech earnings coming up this week.

Credit: Reuters Studio    Duration: 05:55Published

Dow drops 650 points as coronavirus counts jump

Stocks careened Monday as a spike in COVID-19 cases raised concerns on Wall Street that more woes could be ahead for the still-fragile global economy.

USATODAY.com

Asia Asia Continent

Ahead of 2+2, S Jaishankar and Mike Pompeo discuss stability and security in Asia

Sources said after the meeting, both sides, shared views on the “current global situation and its contemporary challenges; discussed our shared concerns and..
IndiaTimes

OnePlus announces two new affordable Nord phones

The OnePlus N10 5G has four rear cameras and is powered by a Snapdragon 690. | Image: OnePlus

OnePlus has announced a pair of new phones for its..

The Verge

Climate change: 'Dangerous and dirty' used cars sold to Africa

Millions of polluting and unsafe used cars from rich nations are exported to Africa and Asia.
BBC News

Asian shares subdued as S&P slips, virus surges

Asian shares got the week off to a hesitant start on Monday as surging coronavirus cases in Europe and the United States undermined the global outlook, while..
WorldNews

Singapore Singapore Country in Southeast Asia

Why China loves durian, the smelly fruit popular in Thailand, Singapore and Malaysia but banned ...

Arguably the most prized of all produce in Southeast Asia, the durians is...
WorldNews

Singapore to New York: The world's longest flight will restart in November

The world's longest flight is returning to the skies, and this time it's going to fly even further. Singapore Airlines has announced the resumption of flights..
WorldNews

One of the world's longest flights, New York to Singapore, to return. Hopeful sign for air travel?

The flight could make travel easier for Americans on their way to Asia -- if they can find a country that will let them enter

USATODAY.com
Impossible Foods launches in Asian grocery stores [Video]

Impossible Foods launches in Asian grocery stores

Impossible Foods' faux beef burgers will be sold in grocery stores in Hong Kong and Singapore starting Tuesday, the company said as it vies to bolster its presence in Asia and before entering the potentially lucrative mainland China market. Gloria Tso reports.

Credit: Reuters Studio    Duration: 01:06Published
Dyson sells Singapore's priciest penthouse [Video]

Dyson sells Singapore's priciest penthouse

British billionaire James Dyson, the inventor of the bagless vacuum cleaner, is selling his three-storey Singapore penthouse about a year after buying it, and he's reportedly taking a big loss on the S$74 million ($54 million) he paid. Ciara Lee reports

Credit: Reuters Studio    Duration: 01:04Published

New York City New York City Largest city in the United States

Uma Thurman finds love with New York architect [Video]

Uma Thurman finds love with New York architect

Uma Thurman has reportedly found love with a New York architect after they were brought together by his dog.

Credit: Cover Video STUDIO    Duration: 00:55Published

Bloomberg Funds Last-Minute Advertising Blitz for Biden in Texas and Ohio

The billionaire former New York City mayor has concentrated largely on Florida in the general election. But his private polling found President Trump vulnerable..
NYTimes.com

Today in History for October 27th

The Federalist Papers published in New York City; President Theodore Roosevelt is born; Egypian President Anwar Sadat and Israeli Prime Minister Menachem Begin..
USATODAY.com

OPEC OPEC International organization of petroleum-exporting countries

OPEC Meeting Ends Without Firm Decision On Output Cuts

OPEC said on Monday that it would not shirk its responsibilities to the market as...
WorldNews
As OPEC turns 60 oil demand drop steepens [Video]

As OPEC turns 60 oil demand drop steepens

As OPEC celebrates its 60th birthday, the group warns that oil demand will fall more steeply in 2020 than previously forecast due to the coronavirus and recover more slowly than expected next year. Ciara Lee reports

Credit: Reuters Studio    Duration: 01:39Published

Federal Reserve Federal Reserve Central banking system of the United States

Atlanta Fed CEO Raphael Bostic says virus has "put a wedge in our economy"

Raphael Bostic, the president and CEO of Federal Reserve Bank of Atlanta, says "we have to change the trajectory for the generations to come."
CBS News
Powell: Congress, Fed need to 'stay with' aid [Video]

Powell: Congress, Fed need to 'stay with' aid

In his second trip to Capitol Hill this week, Federal Reserve Chairman Jerome Powell told lawmakers that assistance from the Fed and Congress are needed to bolster the economic recovery.

Credit: Reuters Studio    Duration: 00:59Published
Are The Feds Goals Realistics? [Video]

Are The Feds Goals Realistics?

The Federal Reserve is targeting above 2% inflation. Scott Minerd, Guggenheim global CIO told Bloomberg on Wednesday it is "virtually impossible" for the Fed to achieve that without creating a bubble in asset prices. "The reality is that the inefficiencies that are building up in the system." Minerd said misinformation and mistaken investments will pose a challenge to investors.

Credit: Wochit News    Duration: 00:31Published
Dow Drops 320 Points [Video]

Dow Drops 320 Points

On Thursday, US stocks fell 320 points. The drop comes even as weekly jobless-claims data came in better than expected. Business Insider reports that weekly jobless claims fell by more than 30,000 from the previous week, to 860,000. Tech stocks led the decline. Investors continued to process Federal Reserve Chairman Jerome Powell's comments expressing uncertainty about the economic recovery. Powell also said the Fed didn't expect to raise interest rates until at least 2023.

Credit: Wochit News    Duration: 00:43Published
Equity indices nudge lower on weak global cues, banking stocks dip [Video]

Equity indices nudge lower on weak global cues, banking stocks dip

Equity benchmark indices traded lower during early hours on Thursday on the back of weak global cues after the US Federal Reserve indicated the interest rate could stay close to zero for years. At 10:15 am, the BSE S-P Sensex was down by 141 points or 0.36 per cent at 39,162 while the Nifty 50 lost by 39 points or 0.34 per cent at 11,565. Except for Nifty IT and pharma, all sectoral indices at the National Stock Exchange were in the negative terrain with Nifty private bank losing by 1 per cent and financial service by 0.9 per cent. Among stocks, ICICI Bank dropped by 1.3 per cent to Rs 369.85 per share while HDFC Bank lowered by 1 per cent. The other major losers were Hindalco, Tata Consultancy Services, Bajaj Auto and Tata Motors.However, HCL Technologies moved up by 2 per cent to Rs 811.20 per share and Tech Mahindra by 1.7 per cent. Dr Reddy's, Hero MotoCorp, Grasim and Asian Paints also traded with a positive bias.

Credit: ANI    Duration: 01:09Published

MSCI MSCI

MSCI to change reclassification path, put pressure on VN market

Morgan Stanley Capital International (MSCI) has suggested the weight of Kuwaiti shares in its frontier markets basket will be curbed gradually to avoid..
WorldNews

Asian stocks dip as US political concerns grow

Sydney/New York: Asian stocks slipped on Tuesday as investors adjusted risk exposure heading into the U.S. election and as a deadline for Washington to pass an..
WorldNews
Equity Indices in the Red amid Weak Global Cues [Video]

Equity Indices in the Red amid Weak Global Cues

Equity benchmark indices traded lower during early hours on September 22 while Asian markets opened weak after the sharp pullback overnight in US stocks. At 10:15 am, the BSE S-P Sensex was down by 301 points or 0.79 per cent at 37,733 while the Nifty 50 moved lower by 66 points or 0.59 per cent at 11,184. All sectoral indices at the National Stock Exchange were in the negative terrain with Nifty realty dipping by 4.6 per cent, PSU bank by 3.2 per cent, metal by 2.9 per cent and auto by 2.3 per cent. Among stocks, energy major GAIL was the top loser after sliding 4.9 per cent to Rs 83.85 per share. Adani Ports fell by 4.5 per cent and Tata Motors by 4 per cent. Tata Steel, Hindalco, ONGC, Bajaj Finance, Zee Entertainment and Bharti Infratel too traded lower by over 3 per cent. However, Tata Consultancy Services and ICICI Bank were in the green with thin margins. Meanwhile, Asian markets opened weak even after the sharp pullback overnight in US stocks. Investor sentiment took a hit with possible delays in expanded US stimulus. The undertone remained cautious as Europe sees some countries lockdown for the second time as COVID-19 cases jump which could hurt economic activity. Hong Kong shares of HSBC and Standard Chartered fell more than 2 per cent each as global banking stocks remained under intense pressure on reports about financial institutions allegedly moving illicit funds. MSCI's broadest index of Asia Pacific shares outside Japan was down by 0.5 per cent. Hong Kong's Hang Seng index was down by 0.5 per cent while Japanese markets were closed for a public holiday.

Credit: ANI    Duration: 01:50Published

You Might Like


Related videos from verified sources

Stocks rally with eyes on stimulus talks [Video]

Stocks rally with eyes on stimulus talks

Wall Street ended higher on Thursday after a choppy trading session, as investors cheered the prospect of more fiscal stimulus to support a pandemic-damaged U.S. economy, with more data pointing to a..

Credit: Reuters Studio     Duration: 01:59Published
Stimulus hopes lift Wall Street; Netflix slumps [Video]

Stimulus hopes lift Wall Street; Netflix slumps

U.S. stocks rallied on Tuesday with the Nasdaq snapping a five-day losing streak as investors bet there would be a soon-to-emerge agreement on an economic stimulus package. Netflix posted..

Credit: Reuters Studio     Duration: 02:04Published
Wall Street Tumbles As Investors Just Weren't Happy About Anything [Video]

Wall Street Tumbles As Investors Just Weren't Happy About Anything

Wall Street saw US stocks slide on Tuesday, as fiscal stimulus negotiations lurched into stalemate territory. According to Business Insider, initial results of the third-quarter earnings season..

Credit: Wochit     Duration: 00:43Published

Related news from verified sources

Asian stocks slip after Wall Street selloff dents tech rally

Asian stocks slip after Wall Street selloff dents tech rally
Read full article A woman wearing a protective face mask, following an outbreak of the coronavirus disease (COVID-19), is reflected in a screen displaying NASDAQ...
WorldNews Also reported by •Khaleej TimesEnergy Daily

Tech chills spill into Asia, as shares sink across region

Asian shares slid further Wednesday after a sell-off of big technology stocks on Wall Street pulled U.S. benchmarks lower. Crude oil prices and Treasury yields...
SeattlePI.com

Asian and Pacific markets hit by US technology sell-off

Markets fell in Asia on Wednesday after a sell-off of big technology stocks on Wall Street hit the US indices.
Belfast Telegraph


Tweets about this