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Wednesday, September 30, 2020
Gold scales 7-year high on rising economic worries, Fed stimulus, SPDR Gold holdings rise to highest since June 2013, global gold price news tuesday, business news india, commodity market news, indian express business news

Gold hits record, gets more precious as dollar loses value

July 28, 2020 10:44:20 am

The precious metal had stormed almost $40 higher at one point to reach $1,980 an ounce, only for a wave of selling to slap it back to $1,947 in wild trade.

Gold hits record high as US-China ties worsen, Asia stocks helped by tech

July 27, 2020 11:06:00 am

Gold rose 1.0% to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe haven assets, especially those not tied to any specific country.

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Asia shares stymied by Sino-US spat, euro stays buoyant

July 24, 2020 10:36:29 am

Chinese blue chips retreated 2.9% as a result, though were still up 0.5% for the week. MSCI's broadest index of Asia-Pacific shares outside Japan lost 1.3%, trimming its weekly gain to 0.6%.

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Froth returns to China’s stock market, echoing the 2015 crisis

July 23, 2020 1:46:16 pm

It is both the hope and the uncertainty of the Chinese stock market that is driving erratic behavior as fresh highs bring concerns anew.

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These Asian stocks have benefited the most from the coronavirus crisis

July 23, 2020 11:04:42 am

To be fair, the stock market has already embraced technology and pharmaceutical shares that underpin global economic transformation.

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Asia’s hottest tech stock soars 713% with buy now, pay later platform

July 23, 2020 11:08:52 am

Afterpay allows consumers to pay for purchases in increments, which is popular among millennial shoppers who’ve eschewed credit cards.

GLOBAL MARKETS - Asian shares fall on fresh rout in crude prices, End in sight for some lockdowns, Oil suffers as USO ETF sells front-month futures, Markets eye Fed and ECB meetings this week, world markets tuesday, business news india, indian express business news

Asian shares drop as China consulate closure fans Sino-US tensions

July 23, 2020 9:59:45 am

After ticking higher earlier in the morning session, MSCI's broadest index of Asian shares ex-Japan was last down 0.3%, weighed down by slumping Chinese stocks. The Shanghai benchmark dropped 1.67% following four days of gains.

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Euro stands tall as investors bet recovery hampers dollar, Asian stocks up

July 22, 2020 10:46:37 am

Stock markets in Asia ground higher, except in Australia where a surge in coronavirus infections put pressure on bank and travel shares and the benchmark index fell 1%. S&P 500 stock futures advanced 0.4% in line with the relatively positive mood.

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Asian shares extend gains as investors count on stimulus, vaccines

July 21, 2020 11:42:04 am

Japan's Nikkei rose 0.6% while MSCI's broadest index of Asia-Pacific shares outside Japan gained 1.5% to edge near its four-month peak hit earlier this month.

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Asian shares stumble ahead of EU Summit, US stimulus talks

July 20, 2020 10:47:55 am

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2%, reversing early gains after E-mini futures for the S&P 500 turned negative to be down 0.4%.

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Iran sends downed Ukrainian plane’s black box to France

July 18, 2020 10:41:09 pm

Iran accidentally shot down the Boeing 737-800, killing all 176 people aboard, after mistaking it for an incoming missile.

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Asia stocks rebound, hopes of more stimulus offset virus worries

July 17, 2020 11:13:36 am

MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.5%, paring a quarter of its 2% losses the previous day, while Japan's Nikkei was almost flat.

Chinese economy bounces back; expands 3.2% as coronavirus curbs lifted

July 16, 2020 1:18:42 pm

China's gross domestic product (GDP) expanded 3.2 per cent year on year in the second quarter of 2020, the country's National Bureau of Statistics (NBS) said on Thursday.

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Asian shares fall despite China GDP beat as Sino-US tensions, virus fears weigh

July 16, 2020 10:11:34 am

MSCI's broadest index of Asia-Pacific shares outside Japan slid by 0.83%, while Tokyo's Nikkei fell 0.49%. US S&P 500 e-mini stock futures declined by 0.33%.

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Asian shares pare gains as US-China tensions intensify

July 15, 2020 10:03:48 am

MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.14%, after rising over 1% earlier in the session. Chinese shares were deep in red, with the blue-chip CSI300 index off 1% and Hong Kong's Hang Seng index down 0.6%.

China’s trade unexpectedly rose in June amid worsening virus

July 14, 2020 1:07:19 pm

Exports rose 0.5% from a year ago, while imports expanded 2.7%. Both had been forecast by economists to fall.

Singapore slumps into recession with record 41.2% GDP plunge

July 14, 2020 11:14:56 am

Gross domestic product declined an annualized 41.2 per cent from the previous three months, the Ministry of Trade and Industry said in a statement Tuesday, the biggest quarterly contraction on record

asian markets, world market, global market

Asian markets dip as virus and Sino-US tensions flare

July 14, 2020 10:12:11 am

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.2%. Japan's Nikkei retreated from a one-month high touched on Monday, dropping 0.8%. A firm dollar put pressure on the Aussie and kiwi.

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Asian shares extend rally, US earnings to test optimism

July 13, 2020 11:01:30 am

MSCI's broadest index of Asia-Pacific shares outside Japan added 0.15%, having climbed sharply last week on the back of surging Chinese stocks, which added another 1% on Monday.

China stock rally pauses on stake cuts, US sanctions

July 10, 2020 4:33:27 pm

At the close, the Shanghai Composite index was down 1.95% at 3,383.32, while the blue-chip CSI300 index was down 1.81%. The start-up board ChiNext Composite index was higher by 0.754%.

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Asian shares waver with coronavirus, corporate earnings in focus

July 8, 2020 9:55:44 am

Chinese shares flickered between green and red. Australian shares were down 0.4% as were indexes for New Zealand and South Korea. Japan's Nikkei was off 0.1% and Hong Kong's Hang Seng index was slightly firmer.

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Asian shares hit speed bump, China extends sharp rally

July 7, 2020 10:33:15 am

MSCI's broadest index of Asia-Pacific shares outside Japan was last down 0.25%, a seemingly inevitable correction after sharp gains of 7% in just five days that took it to a 4-1/2-month high.

GLOBAL MARKETS - Asian shares fall on fresh rout in crude prices, End in sight for some lockdowns, Oil suffers as USO ETF sells front-month futures, Markets eye Fed and ECB meetings this week, world markets tuesday, business news india, indian express business news

Asia shares climb as China blue chips hit 5-year peak

July 6, 2020 10:53:35 am

MSCI's broadest index of Asia-Pacific shares outside Japan climbed 1% to its highest since February.

Japan seeks extradition of Americans accused in Ghosn escape

July 3, 2020 2:40:00 pm

“We express our deepest gratitude for the cooperation the US authorities have shown to our request,” the Tokyo District Prosecutors Office said in a statement.

GLOBAL MARKETS - Asia shares jump but pandemic hangs heavy over outlook, Asian stock markets, MSCI ex-Japan starts higher on Tuesday, Nikkei rises too, Signs of peaking in coronavirus outbreak helping sentiment, Confidence tempered by fears of global recession, Investors eye Chinese trade data, corporate results, global market news, world market news update, business news india, indian express business news

Asian shares hit 4-month high as US, China recoveries gather pace

July 3, 2020 1:33:00 pm

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.66%, reaching the highest level since late February, while Japan's Nikkei rose 0.40%.

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