Investors should not have negative sentiments about the markets even if the tension between two economy giants the U.S. and China continue to surge, the chief executive of South Korea’s sovereign wealth fund stated this week. Choi Heenam of Korea Investment Corporation said it is in part due to the fact that relations are unlikely…
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On early Tuesday, U.S. stock futures descended after recovering during market hours that stopped three days of sliding. As reported by CNBC, futures for the Dow Jones Industrial Average showcased a fall of about 65 points during opening. Futures contracts for the S&P 500 and the Nasdaq 100 were comparatively lower as well. Following the…
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On Monday, shares of China’s biggest contract chipmaker, Semiconductor Manufacturing International Corp (SMIC), tumbled down more than 23% following the U.S. government stated it was considering subjecting the company to export restrictions. The firm’s shares that are listed in Hong Kong went down 22.88% to close at 18.24 Hong Kong dollars on Monday. SMIC’s recently-listed…
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In Monday afternoon trade, markets in Asia Pacific were having a favorable time, with Japan stocks rising following the political developments in the country affected investor sentiments. Mainland Chinese stocks were going up in the morning, with the Shanghai composite ascending 0.8% while the Shenzhen component jumped 0.619%. Hong Kong’s Hang Seng index soared 1.36%.…
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After the unexpected fall in global economic activity as the result of the Covid-19 pandemic, BHP GroupCEO Mike Henry believes there could be a recovery on the verge of emerging, although it will take acouple of years.“We’re expecting there’s going to be a sharp contraction in the global economy over this calendar year.We then expect…
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On Monday, Asia Pacific stocks slipped in morning trade as developments on the coronavirus pandemic continue to affect the investor sentiments. Hong Kong’s Hang Seng index managed to lead gains regionally as it surged 1.43% in early trade. However, mainland Chinese stocks were a mixbag. The Shanghai composite went up to a certain extent while…
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S&P 500 rises slightly On Monday, the S&P 500 rose to a certain extent as the broader market index tried to maintain itsmomentum and attempted to go beyond its Feb. 19 record high.The index surged 0.3%. The Nasdaq Composite added 0.7%. The Dow Jones Industrial Average lagged,falling 68 points, or about 0.3%, as reported by…
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The Dow Jones Industrial Average had a favorable time on Monday as gains in economically sensitivestocks canceled out losses from major tech names such as Microsoft, as reported by CNBC.The 30-stock Dow surged 276 points, or 1%, whereas Boeing and Nike managed to secure spots amongthe best-performing stocks in the Dow, soaring 3.9% and 4.7%,…
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China’s dollar-denominated exports showcased a surge of 7.2% while imports dropped 1.4% from a yearago, according to the data from the country’s General Administration of Customs as showed on Friday.Economists polled by Reuters had forecasted that China’s dollar-denominated exports to plunge by 0.2%from a year ago, while imports were expected to have soared 1% from…
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Gold surged record high as negative sentiments over issues such as the coronavirus outbreak as well asU.S.-China tensions boosted investor sentiment.Spot gold traded 2% higher at about $1,941.11 per ounce after earlier trading as high as $1,943.9275 perounce. Those levels went beyond the previous record high price set in September 2011, as reported byCNBC.Gold futures…
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