World stocks set for worst week since 2008 as coronavirus fears grip markets
4 years, 10 months ago

World stocks set for worst week since 2008 as coronavirus fears grip markets

India Today  

Global share markets were headed for the worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the coronavirus would become a pandemic and derail economic growth. Wall Street shares led the rout as the S&P 500 SPX fell 4.42 per cent, its largest percentage drop since August 2011. It has lost 12 per cent since hitting a record close on Feb. 19, marking its fastest correction ever in just six trading days while the Dow Jones Industrial Average.DJI fell 1,190.95 points, its biggest points drop ever. US crude futures CLc1 fell 1.6 per cent to $46.35 per barrel, having lost 13.2 per cent so far on the week, which would be the deepest fall in more than five years.

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History of this topic

Asian currencies end dismal 2024 on shaky footing
1 week, 2 days ago

Asian currencies end dismal 2024 on shaky footing

Live Mint  

* South Korean won posts worst year since 2008 * Malaysian ringgit eyes best year in 7 years * Taiwan stocks set to post best year since 2009 By John Biju Dec 31 - Most Asian currencies were largely muted on the last trading day of a torrid 2024 year, as the threat of U.S. tariffs and a strong dollar …

Asian stocks, dollar hold their own to close out strong 2024
1 week, 2 days ago

Asian stocks, dollar hold their own to close out strong 2024

Live Mint  

* Most Asian stock markets eke out gains for the year * Dollar dominates, set for strong annual gain * Gold soars 26% in bumper 2024 * Thin volumes ahead of New Years holiday; Japan markets shut By Ankur Banerjee SINGAPORE, Dec 31 - Asian stocks eased on Tuesday in cautious end-of-year trading that has seen investors scale back bets …

Asia shares dip as high yields test valuations
1 week, 3 days ago

Asia shares dip as high yields test valuations

Live Mint  

By Wayne Cole SYDNEY - Asian shares edged lower on Monday as high Treasury yields challenged lofty Wall Street equity valuations while underpinning the U.S. dollar near multi-month peaks. Yet yields on 10-year Treasuries are near eight-month highs at 4.631% and ending the year around 75 basis points above where they started it, even though the Fed delivered 100 basis …

Asian stocks rise, FX under pressure as U.S. rates remain in focus
2 weeks, 2 days ago

Asian stocks rise, FX under pressure as U.S. rates remain in focus

Live Mint  

* Singapore, Thailand stock markets gain 0.5% * Currencies muted as dollar near 2-yr peak * Indian rupee hits lifetime low By Himanshi Akhand Dec 24 - Emerging Asian stock markets were higher on Tuesday and currencies traded broadly flat against a stronger dollar as investors braced for fewer rate cuts by the Federal Reserve in the coming year. Markets …

S.Korean markets shaky on second martial law rumours; other Asian markets mixed
1 month ago

S.Korean markets shaky on second martial law rumours; other Asian markets mixed

Live Mint  

* Won posts 1.7% weekly loss, lowest in 2-1/2 years * Rupee flat after RBI holds interest rates steady * MSCI currency index loses 0.8% in value this week By Sherin Sunny and Roushni Nair Dec 6 - The South Korean won and equities plummeted on Friday following fresh reports of a potential second martial law, which had previously unsettled …

Stock market today: World shares are mostly higher after Big Tech losses pull Wall St lower
1 month, 1 week ago

Stock market today: World shares are mostly higher after Big Tech losses pull Wall St lower

Associated Press  

BANGKOK — Shares opened higher in Europe on Thursday after a mixed session in Asia following a Big Tech-led retreat on Wall Street. South Korea’s Kospi gained less than 0.1% to 2,504.67 after the central bank cut its benchmark interest rate to relieve pressure on its slowing economy. Hong Kong’s Hang Seng index lost 1.2% to 19,366.96 and the Shanghai …

Dollar set for big weekly gain as Powell sends yields up, China data mixed
1 month, 3 weeks ago

Dollar set for big weekly gain as Powell sends yields up, China data mixed

Live Mint  

* Fed Chair Powell signals no rush for rate cuts * Dollar sits near 1-yr top, euro struggles amid policy divergence * Asian shares set to end brutal week on steadier note * Yen bears on alert as Japan issues FX warning By Stella Qiu SYDNEY, - The U.S. dollar was poised for a big weekly gain on Friday, towering …

China stocks surge in biggest single-day rally since 2008 on stimulus cheer
3 months, 1 week ago

China stocks surge in biggest single-day rally since 2008 on stimulus cheer

Hindustan Times  

World shares edged off record highs on Monday as strife in the Middle East fuelled economic uncertainty, just as China shares posted their biggest one-day gain in 16 years thanks to Beijing's latest raft of stimulus policies. World shares dipped from record highs amid Middle East tensions, while China's stocks surged 8.5% due to government stimulus. That all left MSCI's …

Asia shares slip, China inflation surprisingly soft
4 months ago

Asia shares slip, China inflation surprisingly soft

Hindustan Times  

By Wayne Cole Asia shares slip, China inflation surprisingly soft SYDNEY -Asian share markets slid on Monday after worries about a possible U.S. economic downturn slugged Wall Street, though U.S. stock futures did rally from an early dip and bond yields came off their lows. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 1.2%, after shedding 2.25% last week, …

Global stock markets tumble with some of the biggest sell-offs since 1987's Black Monday as fears of US recession spook the financial world
5 months ago

Global stock markets tumble with some of the biggest sell-offs since 1987's Black Monday as fears of US recession spook the financial world

Daily Mail  

Global stock markets tumbled on Monday with some of the biggest sell-offs since Black Monday in 1987. The Topix fell 12.2 per cent and the broader Nikkei 225 index plunged an even bigger 12.4 per cent. Futures on the Vix index, a scale which measures expected turbulence in the US stock market, jumped above 65 points today The benchmark Nikkei …

Asian stocks routed, European markets slump amid US recession concerns following weak jobs report
5 months ago

Asian stocks routed, European markets slump amid US recession concerns following weak jobs report

Hindustan Times  

Global markets plunged on Friday as a weaker-than-expected U.S. jobs report sparked fears of an impending recession. European market drops amid recession fear Japan’s economy slid back into recession in July-September as uncertainty over the overseas outlook hurt business investment, keeping policymakers under pressure to deploy new stimulus measures to support a fragile recovery. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Over the …

Tokyo stock crash nightmare: Nikkei 225 index sees largest drop IN HISTORY due to fears of a US recession
5 months ago

Tokyo stock crash nightmare: Nikkei 225 index sees largest drop IN HISTORY due to fears of a US recession

Daily Mail  

Nikkei has lost $792.32 billion of market value since July 11 - a 27% drop Tokyo's stock market nosedived more than 12 per cent this morning in the latest bout of sell-offs to shake world markets as investors fret over the state of the US economy. The benchmark Nikkei 225 index suffered its largest points drop in history, plunging 12.40%, …

Asia stocks plunge as fears of recession grow
5 months ago

Asia stocks plunge as fears of recession grow

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Stocks fell over seven per cent in morning trade …

Japan Stock market crash: Nikkei 225 index plunges 12.4% as world markets tremble over risks to the US economy
5 months ago

Japan Stock market crash: Nikkei 225 index plunges 12.4% as world markets tremble over risks to the US economy

The Hindu  

Japan’s benchmark stock index plunged 12.4% on August 5, compounding a global market rout set off by investor concerns that the the U.S. economy could be headed for recession. But after Friday’s jobs report, worries are rising the Fed may have kept its main interest rate at a two-decade high for too long, raising risks of a recession in the …

Stocks slammed by US recession risk, bonds bet on rapid rate cuts
5 months ago

Stocks slammed by US recession risk, bonds bet on rapid rate cuts

Live Mint  

* Asian stock markets : https://tmsnrt.rs/2zpUAr4 * Nasdaq futures drop 1.9%, Nikkei sheds 6% * Markets wager Fed to cut by 50bps in Sept * Dollar on back foot after Treasury yields dive By Wayne Cole SYDNEY, - Major share markets were deep under water in Asia on Monday as fears the United States could be heading for recession triggered …

Asian Stocks Fall in Wake of Iran Attack on Israel: Markets Wrap
8 months, 3 weeks ago

Asian Stocks Fall in Wake of Iran Attack on Israel: Markets Wrap

Live Mint  

-- Shares in Asia slipped Monday, tracking a fall in US equities, as markets grappled with ratcheting tensions after Iran’s unprecedented attack on Israel at the weekend. In Asia “the financial and tech sectors may experience the deepest pain — higher energy prices are likely to darken the shadow on the inflation trajectory, resulting in higher rates for a longer …

Asian stocks gain as potential China rescue package lifts mood
11 months, 2 weeks ago

Asian stocks gain as potential China rescue package lifts mood

The Hindu  

Asian shares rose on January 24 on optimism that Chinese authorities will offer support for its stock markets, which have plummeted to multi-year lows, while a hawkish tilt from the Bank of Japan lifted the yen. Japan’s Nikkei was 0.68% lower, a day after hitting a fresh 34-year high, and the yen strengthened as traders took note of the Bank …

Global Market Update: Dow, S&P 500 slump, US Treasury yields hit 16-year high
1 year, 3 months ago

Global Market Update: Dow, S&P 500 slump, US Treasury yields hit 16-year high

Live Mint  

Global Market Update: The Dow and S&P 500 were lower on Monday with utilities falling sharply, Nasdaq barely changed as investors weighed the likelihood that the Fed will hold interest rates higher for longer. Majority of US stocks fell alongside oil-and-gas stocks, with 85% of S&P 500 stocks dropping, but gains for Apple and some other influential Big Tech stocks …

Global economy faces weakest growth in 30 years, warns IMF
1 year, 9 months ago

Global economy faces weakest growth in 30 years, warns IMF

The Telegraph  

House price growth was at its weakest annually since October 2019, according to lender Halifax. 5 things to start your day 1) Union is plotting to bankrupt us, says Royal Mail | Company claims striking workers want to force through nationalisation after talks break down 2) Record electric car sales fuel fears over charging point crunch | Experts warn charger …

$465 bn loss in 2 days: SVB crisis-led bloodbath across global financial stocks
1 year, 9 months ago

$465 bn loss in 2 days: SVB crisis-led bloodbath across global financial stocks

Live Mint  

Global financial stocks have lost $465 billion in market value in two days as investors cut exposure to lenders from New York to Japan in the wake of Silicon Valley Bank’s collapse. Mitsubishi UFJ Financial Group Inc. slid as much as 8.3% in Japan, while South Korea’s Hana Financial Group Inc. fell 4.7% and Australia’s ANZ Group Holdings Ltd. lost …

Global shares hit by jittery banks ahead of US payrolls
1 year, 9 months ago

Global shares hit by jittery banks ahead of US payrolls

Live Mint  

Global stocks languished at two-month lows on Friday ahead of Wall Street's opening bell as Silicon Valley Bank shares came under fresh pressure, and investors waited to see how U.S. nonfarm payrolls could shape Federal Reserve thinking on rates. The yen erased earlier losses on the Bank of Japan keeping stimulus settings steady, while the dollar eased against the Swiss …

Unstoppable dollar risks worsening $71 billion Asia stock exodus
2 years, 5 months ago

Unstoppable dollar risks worsening $71 billion Asia stock exodus

Live Mint  

The dollar’s relentless rise is threatening to trigger more outflows from Asia’s emerging-market shares, spoiling hopes of the region making a comeback in the second half. The MSCI Asia ex-Japan Index has fallen 20% as foreign investors took $71 billion out of stock markets in emerging Asia outside China so far this year, already double the outflows in 2021. A …

Asian stocks sink amid US CPI hike, Covid-19 scare from China
2 years, 6 months ago

Asian stocks sink amid US CPI hike, Covid-19 scare from China

Live Mint  

Asian stocks sank on Monday and bond yields ticked higher, as red-hot U.S. inflation reignited worries about even more aggressive Federal Reserve policy tightening, and a COVID-19 warning from Beijing added to concerns about global growth. Beijing's most populous district of Chaoyang announced on Sunday three rounds of mass testing to quell a "ferocious" COVID-19 outbreak that emerged at a …

World shares sink after inflation driven retreat on Wall Steet
2 years, 7 months ago

World shares sink after inflation driven retreat on Wall Steet

Firstpost  

The sentiment in the market is highly negative as traders and investors are largely concerned about an economic downturn and soaring inflation, said an expert Tokyo: Shares declined in Europe and Asia on Thursday after a broad retreat on Wall Street triggered by worries over the impact of persistent high inflation on corporate profits and consumer spending. Germany’s DAX lost …

Asian shares mostly higher despite fears of recession
2 years, 8 months ago

Asian shares mostly higher despite fears of recession

Associated Press  

BANGKOK — Shares were mostly higher in Asia on Tuesday despite growing worries over the risks of recession as prices push sharply higher while economies are still recovering from the impact of the pandemic. On Wall Street, stocks closed slightly lower after a wobbly day of trading Monday, as worries about interest rates and inflation overshadowed some better-than-expected profit reports. …

Stock Market Live: Sensex, Nifty, SGX, Russia-Ukraine, US Fed, Zee Entertainment
2 years, 9 months ago

Stock Market Live: Sensex, Nifty, SGX, Russia-Ukraine, US Fed, Zee Entertainment

Business Standard  

Domestic equities languished in the red on Thursday as weak global cues and nervousness ahead of the Reserve Bank of India's monetary policy outcome tomorrow kept investors on the sidelines. Buzzing stocks Titan Company declined 3.3 per cent to Rs 2,457 apiece on the BSE on Thursday after the company reported sluggish growth in its jewellery business in March quarter …

Stocks slide, oil jumps as Russia orders troops to Ukraine region
2 years, 10 months ago

Stocks slide, oil jumps as Russia orders troops to Ukraine region

Al Jazeera  

Global stocks tumbled, while safe havens rallied and oil surged on Tuesday, as Europe’s eastern flank stood on the brink of war after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine. S&P 500 futures fell 1.5 percent, Nasdaq futures lost 2.2 percent, and the Russian rouble briefly touched an 18-month low in early Asia trade on …

Global markets: Stocks and oil plunge on new Covid variant fears
3 years, 1 month ago

Global markets: Stocks and oil plunge on new Covid variant fears

CNN  

Hong Kong/London CNN Business — Stocks fell and oil prices plunged more than 10% on Friday as the emergence of a new Covid-19 variant rattled global markets. South Africa’s health minister said Thursday that a new coronavirus variant appears to be spreading rapidly in parts of the country. UK Health Minister Sajid Javid said the variant “may be more transmissible” …

Asian shares up, Shanghai slips as virus fears cloud outlook
3 years, 3 months ago

Asian shares up, Shanghai slips as virus fears cloud outlook

Associated Press  

TOKYO — Asian shares were mostly higher Monday, but fears of further waves of coronavirus outbreaks were clouding the economic outlook for the region, tempering the rally. Japan’s ruling party holds an election later this week to choose a leader, who is likely to succeed Yoshihide Suga as prime minister after just one year in office. Analysts also say Japan’s …

China property woes trip global markets
3 years, 3 months ago

China property woes trip global markets

Deccan Chronicle  

Mumbai: As expected, the payment crisis being faced by China's second largest property developer Evergrande and upcoming central bank meetings to review monetary policies impacted the global markets, leading to sharp decline in metals, bank and reality stocks in India. In Asia, Hong Kong's Hang Seng Index fell 3.30 per cent while other major Asian markets of China, Japan and …

World shares skid to one-month low as default fears stalk China's Evergrande
3 years, 3 months ago

World shares skid to one-month low as default fears stalk China's Evergrande

Hindustan Times  

World shares skidded and the dollar firmed on Monday ahead of a week packed with global central bank meetings, while debt troubles at property group China Evergrande dragged Hong Kong stocks towards to a one-year low. An exterior view of China Evergrande Centre in Hong Kong, China European stocks were 1.8% lower, slipping to two-month lows, with energy and mining …

Asian shares fall as caution sets in on coronavirus worries
3 years, 4 months ago

Asian shares fall as caution sets in on coronavirus worries

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian shares fell Thursday as …

Asian markets lower on virus worries after Wall Street slips
3 years, 5 months ago

Asian markets lower on virus worries after Wall Street slips

Associated Press  

BEIJING — Asian stock markets followed Wall Street lower on Tuesday as jitters about the fast spread of the coronavirus’s delta variant dented enthusiasm about strong corporate profits. Investors looked ahead to U.S. jobs data due out this week for signs of the health of the world’s biggest economy. Wall Street’s benchmark S&P 500 index closed lower, weighed down by …

FTSE 100 hit by Covid fears as £44bn wiped off in global selloff, Asian stocks trade lower while Sensex loses 400 points
3 years, 5 months ago

FTSE 100 hit by Covid fears as £44bn wiped off in global selloff, Asian stocks trade lower while Sensex loses 400 points

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The blue-chip index fell over a massive 164 points, …

FTSE 100 declines as Covid fear rises, Asian stocks trade mixed with Sensex near flatline
3 years, 6 months ago

FTSE 100 declines as Covid fear rises, Asian stocks trade mixed with Sensex near flatline

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The blue-chip index lost 0.7 per cent and closed …

FTSE 100 rises to new pandemic highs, Asian stocks trade mixed ahead of Fed report, Sensex 100 points down
3 years, 6 months ago

FTSE 100 rises to new pandemic highs, Asian stocks trade mixed ahead of Fed report, Sensex 100 points down

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Dollar-earning consumer staples stocks, including Unilever, Reckitt Benckiser Group, …

World shares sink as bond yields, commodities surge
3 years, 10 months ago

World shares sink as bond yields, commodities surge

Hindustan Times  

World shares sank on Monday as expectations for faster economic growth and inflation battered bonds and boosted commodities, while rising real yields made equity valuations look more stretched in comparison. "The coming week is relatively thin on the international data agenda, but after the recent rise in long bond yields, Fed Chairman Powell's hearings in both chambers of Congress will …

World shares turn lower on pandemic concerns, ahead of Fed
3 years, 11 months ago

World shares turn lower on pandemic concerns, ahead of Fed

Hindustan Times  

Stock markets are down Wednesday as investors focus on the Federal Reserve's policy meeting and the outlook for the economy as the coronavirus pandemic rages on. Markets have meandered since last week as investors weighed solid corporate earnings results against renewed worries that troubles with Covid-19 vaccine rollouts and the spread of new variants of coronavirus might delay a recovery …

Asian stocks sink after China coronavirus resurgence
3 years, 11 months ago

Asian stocks sink after China coronavirus resurgence

Associated Press  

BEIJING — Asian stock markets retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia. The government is testing millions of people in Beijing and some other cities and called on the public to avoid traveling during February’s Lunar New Year holiday. “The resurgence of cases in China, namely in the largest …

World shares subdued despite strong growth data from China
3 years, 11 months ago

World shares subdued despite strong growth data from China

Associated Press  

Stock markets got off to a slow start for the week despite news that the Chinese economy grew 2.3% in 2020 after a sharp contraction early in the year. Investors appear to have grown increasingly wary over the deepening economic devastation from the pandemic despite hopes that COVID-19 vaccines and fresh aid for the U.S. economy might hasten a global …

Asian shares dip on concerns over new virus strain
4 years ago

Asian shares dip on concerns over new virus strain

Al Jazeera  

Asian shares pull back from multi-year highs on fears the new virus strain could slow economic recovery. Asian shares slipped on Tuesday, extending a pullback from multi-year highs hit last week on renewed fears a highly infectious new strain of COVID-19 that shut down much of the United Kingdom could lead to a slower global economic recovery. “An escalation of …

Asian stocks falter on concerns about new virus strain
4 years ago

Asian stocks falter on concerns about new virus strain

Al Jazeera  

Asian stocks dip over fears of a new virus strain in the UK, offsetting gains from news of a new US stimulus bill. Asian stocks faltered on Monday as unease over a new coronavirus strain that was shutting much of the United Kingdom offset news a deal had finally been struck on a long-awaited US stimulus bill. The British pound …

World Shares Slip On Doubts Over Covid-19 Vaccines, Impending Outbreaks
4 years, 1 month ago

World Shares Slip On Doubts Over Covid-19 Vaccines, Impending Outbreaks

News 18  

World stocks fell back on Thursday after an overnight comeback by big technology shares that have thrived during the pandemic. Vaccine trades reversed to give way to stay home’ trades,” as shares of technology companies and others that do well when people stay home and work remotely rallied, Mizuho Bank said in a commentary. But it added, Fact of the …

Asian shares mostly higher as focus shifts to virus recovery
4 years, 1 month ago

Asian shares mostly higher as focus shifts to virus recovery

Associated Press  

Shares were mostly higher Wednesday in Asia after a worldwide rally spurred by hopes that a COVID-19 vaccine will help the global economy return to normal. The flashpoint for all the moves was Monday’s announcement from Pfizer that a potential COVID-19 vaccine it’s developing with German partner BioNTech may be 90% effective, based on early but incomplete test results. Energy …

Global Markets: Shares Cling to Tight Ranges as Attention Shifts to US Election, Stimulus
4 years, 3 months ago

Global Markets: Shares Cling to Tight Ranges as Attention Shifts to US Election, Stimulus

News 18  

Asian shares and most currencies held tight ranges on Monday, as investors awaited developments on US fiscal stimulus and coronavirus vaccines amid a resurgence of infections in Europe. “The development of the pandemic remains the overriding factor driving the economy, discussions on the fiscal policy, and ultra loose policy by the Fed.” On Friday, US stocks declined with the Dow …

Asian stocks skid as new coronavirus cases rattle markets
4 years, 6 months ago

Asian stocks skid as new coronavirus cases rattle markets

Associated Press  

BANGKOK — Shares skidded in Asia on Thursday after a sharp retreat overnight on Wall Street as new coronavirus cases in the U.S. climbed to their highest level in two months, dimming investors’ hopes for a relatively quick economic turnaround. Coronavirus hospitalizations and caseloads have hit new highs in over a half-dozen U.S. states and new cases nationwide are near …

Asian stocks stumble on fears of second coronavirus wave
4 years, 6 months ago

Asian stocks stumble on fears of second coronavirus wave

Deccan Chronicle  

HONG KONG: Markets slipped Thursday as investors took a breather after a broad two-day rally, while concerns about a new wave of virus infections continued to play off against massive monetary easing and stimulus measures. Tokyo and Hong Kong were down one percent, while Sydney lost 1.6 percent after data showed a massive jump in Australian job losses. Wellington was …

Asia's stock rally pause ahead of US jobs data, euro at one-and-a-half month top
4 years, 7 months ago

Asia's stock rally pause ahead of US jobs data, euro at one-and-a-half month top

Deccan Chronicle  

SYDNEY: Asian stocks were poised for their biggest weekly rise in over eight years while the euro hovered near a 1-1/2 month high as Europe’s central bank surprised with more stimulus, fuelling hopes for a global rebound. The equities rally prompted investors to take winnings ahead of Friday’s nonfarm payrolls data, which is expected to show further deterioration in the …

Indices fall tracking decline in Asian markets; Sensex, Nifty slide as fiscal stimulus spend relatively small
4 years, 7 months ago

Indices fall tracking decline in Asian markets; Sensex, Nifty slide as fiscal stimulus spend relatively small

Firstpost  

Sensex slumped over 600 points in opening session on Thursday dragged by losses in index heavyweights Infosys, HDFC twins, Reliance Industries and ICICI Bank amid weak cues from global markets. Asian equities slumped on Thursday after the head of the Federal Reserve warned of a “significantly worse” US recession than any downturn since World War Two because of coronavirus pandemic …

Markets open weak: Sensex slumps over 400 points, Nifty drops below 9,200-mark; bank stocks slide
4 years, 7 months ago

Markets open weak: Sensex slumps over 400 points, Nifty drops below 9,200-mark; bank stocks slide

Firstpost  

Sensex dropped over 400 points in opening session on Tuesday dragged by losses in index-heavyweights HDFC twins, Reliance Industries and ICICI Bank amid weak cues from global markets. The central Chinese city of Wuhan reported five new cases on Monday, casting doubts over efforts to lower coronavirus-related curbs as businesses restart and individuals went back to work. Asian stocks stumble …

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