Global Markets: Fears of pandemic send stocks lower, safe havens in demand
4 years, 11 months ago

Global Markets: Fears of pandemic send stocks lower, safe havens in demand

India Today  

Asian stocks and currencies tumbled further on Thursday, as the rising death toll from a virus spreading from China led airlines to cut flights and stores to close, increasing pressure on the world’s second-largest economy as fears of a pandemic grow. MSCI’s broadest index of Asia-Pacific shares outside Japan.MIAPJ0000PUS fell 2 per cent to a seven-week low and has now dropped for six straight sessions. Hong Kong's Hang Seng fell 2.3 per cent and Taiwan's benchmark index slumped 5.8 per cent in its first session since the Lunar New Year break. Singapore-traded futures for Chinese markets - which have been closed since January 23 and re-open on Monday - dropped 2 per cent and have fallen 10 per cent in the 10 days since the spread of the virus began to roil markets. The Chinese yuan reversed Wednesday’s gains to weaken 0.2 per cent.

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History of this topic

Asia Eyes Cautious Open After China Factory Data: Markets Wrap
4 months, 1 week ago

Asia Eyes Cautious Open After China Factory Data: Markets Wrap

Live Mint  

Asian stocks are set for a cautious start into a historically volatile month for markets as signs mount that China’s efforts to support its ailing economy are yet to take hold. It has the makings for trouble given the economic data from the US and rest of the world now matters to how rate curves are played out and FX …

China Covid toll concern for world given size of its GDP, economy: US State dep
2 years ago

China Covid toll concern for world given size of its GDP, economy: US State dep

Hindustan Times  

The United States hopes that China can address the current COVID-19 outbreak as the toll of the virus is a global concern due to the size of the Chinese economy, State Department spokesperson Ned Price said on Monday. "The toll of the virus is of concern to the rest of the world given the size of China's GDP, given the …

China anti-virus curbs spur fears of global economic impact
2 years, 1 month ago

China anti-virus curbs spur fears of global economic impact

Associated Press  

BEIJING — More than 253,000 coronavirus cases have been found in China in the past three weeks and the daily average is rising, the government said Tuesday, adding to pressure on officials who are trying to reduce economic damage by easing controls that confine millions of people to their homes. Global stock markets fell Monday as anxiety about China’s controls …

Asian stocks slide on fears of sharp rate hikes in US, Europe
2 years, 4 months ago

Asian stocks slide on fears of sharp rate hikes in US, Europe

Al Jazeera  

Markets drop as US Federal Reserve Chair Jerome Powell promises policy “pain” to contain inflation. US Federal Reserve Chair Jerome Powell’s promise of policy “pain” to contain inflation quashed hopes that the central bank would ride to the rescue of markets as so often in the past. “The main takeaways are taming inflation is job number one for the Fed …

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 …

Global stocks and oil prices hit by fears of a Beijing lockdown
2 years, 8 months ago

Global stocks and oil prices hit by fears of a Beijing lockdown

CNN  

Hong Kong CNN Business — Global stocks and oil prices fell on Monday as rising Covid-19 cases in Beijing sparked fears that the Chinese capital could join Shanghai and other major cities in lockdown. “Although some parts of China have been under restrictions longer than Shanghai, Omicron’s arrival in Beijing would be an ominous development,” wrote Jeffrey Halley, senior market …

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 growth forecasts slashed as Delta variant spreads across the country
3 years, 4 months ago

China growth forecasts slashed as Delta variant spreads across the country

CNN  

Hong Kong CNN Business — China’s worst coronavirus outbreak in a year has authorities taking dramatic measures to stamp out new infections. “With the virus spreading to many of China’s provinces and local governments reacting swiftly to control the spread of the highly contagious Delta variant, we have begun to see softening in national aggregate data,” the analysts said in …

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 …

Chinese exports jump as pandemic wanes in US, other markets
3 years, 7 months ago

Chinese exports jump as pandemic wanes in US, other markets

India TV News  

China has reported its exports and imports surged in May on growing demand as the pandemic was waning in the US and other key markets, though the pace of growth is leveling off. Customs data released Monday showed exports rose 28% from a year earlier and imports soared 51% — at the fastest annual pace in over a decade. The …

Tech leads stocks lower in early trading on Wall Street
3 years, 11 months ago

Tech leads stocks lower in early trading on Wall Street

Associated Press  

NEW YORK — Tech companies are leading stocks lower in the early going on Wall Street, including a steep drop in IBM after the company reported disappointing revenue in the latest quarter. European stocks fell following a weak reading on that region’s economy, and Asian markets fell after a resurgence of coronavirus infections in China. BEIJING — Global stock markets …

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 …

US imports from China surge in 2020 despite tariffs, pandemic: media
4 years ago

US imports from China surge in 2020 despite tariffs, pandemic: media

China Daily  

A cargo ship into the Port of Long Beach in Long Beach, California, US, April 4, 2018. WASHINGTON - Despite the Trump administration's tariffs on Chinese goods and the ongoing COVID-19 pandemic, US imports from China are surging as the year 2020 draws to a close, The New York Times reported on Monday. The surge in US imports from China …

US imports from China surge in 2020 despite tariffs, pandemic: media
4 years ago

US imports from China surge in 2020 despite tariffs, pandemic: media

China Daily  

A cargo ship into the Port of Long Beach in Long Beach, California, US, April 4, 2018. WASHINGTON - Despite the Trump administration's tariffs on Chinese goods and the ongoing COVID-19 pandemic, US imports from China are surging as the year 2020 draws to a close, The New York Times reported on Monday. The surge in US imports from China …

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 …

Asia’s covid control tempers global stock selloff, US futures jump
4 years, 2 months ago

Asia’s covid control tempers global stock selloff, US futures jump

Live Mint  

Asian stock markets fell on Thursday but not as sharply as Wall Street's rout overnight, while oil bounced off lows and U.S. futures jumped, as Asia's brighter economic outlook offset investor worries about fresh COVID-19 lockdowns in Europe. "Asia is not really partaking in this second or third wave story because it's got its COVID largely under control," said Rob …

US Stock Futures Tumble Further as Trump Tests Positive for Covid-19, Virus Fears Back on Wall Street
4 years, 3 months ago

US Stock Futures Tumble Further as Trump Tests Positive for Covid-19, Virus Fears Back on Wall Street

News 18  

US stock futures extended losses on Friday after President Donald Trump said he and his wife had tested positive for the coronavirus, weeks ahead of elections. Japan’s Nikkei 225 index erased gains and fell 0.69% as the Tokyo Stock Exchange resumed normal trading after its worst-ever outage brought the world’s third-largest equity market to a standstill. China’s stock and bond …

Oil falls 2% on U.S.-China tensions, rising virus cases
4 years, 5 months ago

Oil falls 2% on U.S.-China tensions, rising virus cases

Live Mint  

Oil prices dropped nearly 2% on Monday despite a weaker U.S. dollar, as rising coronavirus cases and tensions between the United States and China clouded the outlook for oil demand's recovery. "In lack of larger fundamental news, oil prices are following the overall macro trends, behaving as a 'risky asset' and being traded lower when safe-haven assets strengthen," said Bjornar …

Fear of coronavirus second wave stalks stock markets
4 years, 7 months ago

Fear of coronavirus second wave stalks stock markets

India Today  

Asian shares recovered early losses and crept into positive territory on Wednesday, but stock futures pointed to a lower European open as worries about a slow economic recovery from the coronavirus weighed on global sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan erased an early decline and rose 0.3 per cent. US stock futures, the S&P 500 e-minis, rose …

Stocks rise on hope that worst of economic plunge has passed
4 years, 8 months ago

Stocks rise on hope that worst of economic plunge has passed

India Today  

Asian shares surged Friday on optimism the worst of the economic fallout from the pandemic may be over, as Wall Street logged its biggest rally in a week. Japan's benchmark Nikkei 225 jumped 2.6 per cent to 20,179.09 in afternoon trading, helped partly by local media reports about fresh government aid to ride out the pandemic. Hong Kong's Hang Seng …

Global markets drop, spooked by China-US row over Covid-19
4 years, 8 months ago

Global markets drop, spooked by China-US row over Covid-19

Hindustan Times  

Shares took a turn for the worse on Monday as tensions between the Trump administration and China over the origins and handling of the coronavirus pandemic rattled investors. The antagonisms threaten to undo the truce in a trade war between Washington and Beijing that was struck just before China began shutting much of its economy down in late January to …

U.S. may seek damages from China
4 years, 8 months ago

U.S. may seek damages from China

The Hindu  

U.S. President Donald Trump suggested he may seek damages from China over the COVID-19 pandemic, which began in the Chinese city of Wuhan and spread around the world, prompting a furious response from Beijing on Tuesday. “We are not happy with China,” Mr. Trump said at a White House briefing on Monday. Asked if the U.S. would consider doing the …

Oil skids on oversupply fears after delay in Saudi Arabia-Russia negotiations; stocks jump on coronavirus-led slowdown
4 years, 9 months ago

Oil skids on oversupply fears after delay in Saudi Arabia-Russia negotiations; stocks jump on coronavirus-led slowdown

Firstpost  

Investors took solace from the fact that coronavirus cases appeared to be reaching a peak in Europe with Italy seeing the number of patients in intensive care falling for the second consecutive day Sydney: Oil prices skidded on Monday after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive, while stocks jumped as investors were encouraged by a …

Asia markets extend Wall Street losses on coronavirus fears
4 years, 9 months ago

Asia markets extend Wall Street losses on coronavirus fears

Deccan Chronicle  

Hong Kong: Equity markets fell in Asia on Thursday, tracking a sharp drop on Wall Street as the deadly coronavirus sweeps the planet, with the infection rate fast approaching one million and forcing countries to tighten already strict lockdown measures aimed at containing the disease. Donald Trump's COVID-19 task force has warned the US could see almost a quarter of …

Global stocks sink after Trump promises virus aid
4 years, 9 months ago

Global stocks sink after Trump promises virus aid

Deccan Chronicle  

Beijing: Global stock markets sank wednesday in a third day of wild price swings after President Donald Trump promised aid to get the US economy through the coronavirus outbreak. On tuesday, the S&P rose by an unusually wide daily margin of 6 per cent, regaining just under half the previous day's history-making loss. The FTSE 100 in London dropped 4.3 …

Stock rebound stalls as doubts about US stimulus package to fight coronavirus outbreak response grows
4 years, 9 months ago

Stock rebound stalls as doubts about US stimulus package to fight coronavirus outbreak response grows

Firstpost  

Many analysts say investors need to remain on guard for further market volatility because the coronavirus still poses a risk to public health in many countries, which could place additional strain on the global economy Tokyo: Asian shares and Wall Street futures fell on Wednesday as growing scepticism about Washington’s stimulus package to fight the coronavirus outbreak knocked the steam …

Recovery stalled: Shares fall as US virus measures disappoint
4 years, 9 months ago

Recovery stalled: Shares fall as US virus measures disappoint

Al Jazeera  

Investors expected more from the Trump administration in fighting the coronavirus, ending a brief stock market rally. Asian shares and Wall Street futures fell on Wednesday as growing scepticism about the United States’s stimulus package to fight the coronavirus outbreak knocked the steam out of an earlier rally. Those gains looked short-lived in early Asian trade, with US stock futures …

Asian shares drop as virus fears grip markets again
4 years, 10 months ago

Asian shares drop as virus fears grip markets again

Associated Press  

TOKYO — Asian shares slipped Friday as fears about the virus outbreak once again dominated financial markets. Vishnu Varathan at Mizuho Bank in Singapore said the potential damage from the new virus was two-fold, with the initial impact coming from a direct impact on the economy. “The other is a strain that thrives on hopes of stimulus; be it frantic …

Australian share market goes into freefall over coronavirus fears
4 years, 10 months ago

Australian share market goes into freefall over coronavirus fears

Daily Mail  

Australia's share market has plunged by 10 per cent since hitting a record high last week as coronavirus fears caused stocks to lose another 3.5 per cent in early trade. CMC Markets chief market strategist Michael McCarthy said investors were particularly worried about coronavirus turning into a global pandemic. Australia's share market has plunged by 10 per cent since hitting …

Massive US stock market losses sparked by coronavirus fears as cases spread worldwide
4 years, 10 months ago

Massive US stock market losses sparked by coronavirus fears as cases spread worldwide

CNN  

Hong Kong CNN — Stock markets in the US have posted some of their worst ever losses as the novel coronavirus sparked mass sell-offs. Nobody really knows.” Video Ad Feedback Pence's history managing health crisis under scrutiny 03:06 - Source: CNN Asia in crisis While the virus has spread worldwide, the worst of the outbreak remains centered in Asia. Michael …

Asian shares slide on fears virus will stunt global economy
4 years, 10 months ago

Asian shares slide on fears virus will stunt global economy

Deccan Chronicle  

Asian shares slid Wednesday following another sharp fall on Wall Street as fears spread that the growing virus outbreak will put the brakes on the global economy. The worst-case scenario for investors — where the virus spreads around the world and cripples supply chains and the global economy — hasn’t changed in the last few weeks. On Tuesday, U.S. health …

Virus outbreak chills markets, outlook for global economy
4 years, 10 months ago

Virus outbreak chills markets, outlook for global economy

Associated Press  

FRANKFURT, Germany — The widening coronavirus outbreak threatens to seriously disrupt the global economy, just as it was steadying itself against headwinds from the U.S.-China trade dispute. “Compounded with the already dramatic interruptions to global supply chains in China, traders fear that a rapid spread of the disease to other major economies could be enough to temporarily tip global economic …

COVID-19 scare drags equities
4 years, 10 months ago

COVID-19 scare drags equities

The Hindu  

Indian benchmark equity indices lost around 2% on Monday amid an overall weak trend in most markets, as investors remained jittery over concerns related to the global impact of coronavirus outbreak after South Korea reported a rise in the number of cases. Investor sentiments hit Domestic brokerage major IIFL, in a note to its clients, said that the Asian markets …

Coronavirus impact: Chinese stocks sink 9% as markets reopen to crisis after break
4 years, 11 months ago

Coronavirus impact: Chinese stocks sink 9% as markets reopen to crisis after break

Live Mint  

Chinese stocks plummeted by the most since an equity bubble burst in 2015 as they resumed trading to the worsening virus outbreak. The CSI 300 Index dropped as much as 9.1% as onshore financial markets opened for the first time since Jan. 23. China’s benchmark iron ore contract fell by its daily limit of 8%, while copper, crude and palm …

Coronavirus hits global economy as fears grow that impact on China's markets will have ripple effect; Asia stocks, tourism worst-affected
4 years, 11 months ago

Coronavirus hits global economy as fears grow that impact on China's markets will have ripple effect; Asia stocks, tourism worst-affected

Firstpost  

The coronavirus has also roiled global commodity markets, raising fears of weaker demand and disrupting raw material supply chains in China. Before the outbreak, the China Outbound Tourism Research Institute predicted some 7 million Chinese would travel abroad for the Lunar New Year this year, up from 6.3 million in 2019. Oil prices dip Oil prices slumped to three-month lows …

Fed chair sees China virus as possible risk to world economy
4 years, 11 months ago

Fed chair sees China virus as possible risk to world economy

Associated Press  

WASHINGTON — Just as the outlook for the global economy had been brightening in recent months, a new threat has suddenly emerged in the form of the viral outbreak in China. Speaking at a news conference, Powell said the signing of a preliminary U.S.-China trade deal earlier this month, the resolution of Brexit and continuing low interest rates in the …

World markets tumble as fears over virus outbreak spread
4 years, 11 months ago

World markets tumble as fears over virus outbreak spread

India Today  

Shares tumbled in Europe and Asia on Thursday as the impact of the virus outbreak in China expanded to include flight cancellations and other wider precautions to help stop its spread. Taiwan's benchmark dived 5.8 per cent as its market reopened after the Lunar New Year. Shares fell in most other markets, with the CAC 40 in Paris dropping 1.1 …

Virus fears push Asian stocks to seven-week low, but gold gains
4 years, 11 months ago

Virus fears push Asian stocks to seven-week low, but gold gains

Al Jazeera  

Asian stocks and currencies fell on Thursday as the number of deaths from a new virus spreading in China rose and more cases were reported around the world. A Chinese government economist said on Wednesday that the country’s growth rate could drop to 5 percent or lower because of the virus. JPMorgan economists on Thursday said a big negative shock …

The Hang Seng is down 5% in two days and the yuan is slumping as the virus outbreak accelerates
4 years, 11 months ago

The Hang Seng is down 5% in two days and the yuan is slumping as the virus outbreak accelerates

CNN  

Hong Kong CNN Business — Hong Kong’s main stock index has fallen 5% in two days as the rising number of coronavirus cases creates uncertainty for the global economy. The Hang Seng slid 2.6% on Thursday, adding to losses posted Wednesday when investors returned from an extended break over the Lunar New Year and subjected the index to its worst …

Why Coronavirus outbreak in China is bad news for economy
4 years, 11 months ago

Why Coronavirus outbreak in China is bad news for economy

India Today  

The world is not connected only through the Internet but also through its markets. Any fluctuation in the GDP growth rate projection in China's economy is bound to impact the global slowdown. China's Shenzhen and Shanghai composite stock market indexes fell 3.52 per cent and 2.75 per cent respectively before closing for the Lunar New Year break. The full impact …

Oil, shares fall as coronavirus fears stalk financial markets
4 years, 11 months ago

Oil, shares fall as coronavirus fears stalk financial markets

Al Jazeera  

China extended the Lunar New Year holiday by three days as the virus spreads, raising fears about economic growth. China’s cabinet also announced it will extend the weeklong Lunar New Year holiday by three days to February 2 and schools will return from their break later than usual, state broadcaster CCTV said. MSCI’s broadest index of Asia-Pacific shares outside Japan …

Chinese stocks just had their worst day in more than eight months as the coronavirus spreads
4 years, 11 months ago

Chinese stocks just had their worst day in more than eight months as the coronavirus spreads

CNN  

Hong Kong CNN Business — Stocks in China just had their worst day in more than eight months as a deadly virus spreads across the country, causing officials to partiallylock down Wuhan, the central Chinese city where it originated. It’s the index’s worst single-day percentage drop since last May, when President Donald Trump threatened new tariffs on China. The World …

US markets slip amid China virus outbreak, growth fears
4 years, 11 months ago

US markets slip amid China virus outbreak, growth fears

Live Mint  

US stock indexes slipped on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF paused a record-setting rally on Wall Street. Chinese officials on Tuesday confirmed the new coronavirus outbreak took six lives and that it could spread between humans, stoking fears of a global pandemic and reviving …

US-China trade war intensifies: Donald Trump administration designates Beijing a currency manipulator
5 years, 5 months ago

US-China trade war intensifies: Donald Trump administration designates Beijing a currency manipulator

Firstpost  

The Trump administration’s dramatic move against China hastened the risk aversion seen in global markets this week Tokyo: Global stocks extended their already substantial losses and the offshore yuan hit an all-time low on Tuesday after Washington designated Beijing a currency manipulator in a rapid escalation of the US-China trade war. “Following the latest development in the US-China trade war, …

Dow drops nearly 300 points as Wall Street braces for deeper trade war
5 years, 7 months ago

Dow drops nearly 300 points as Wall Street braces for deeper trade war

CNN  

New York CNN Business — Wall Street is coming to grips with the idea that the US-China trade war will get worse before it gets better. We see a rising risk that tariffs will remain in effect through end-2020.” Nomura chief US economist Lewis Alexander “You can’t have the world’s two largest economies in a long, drawn-out mutually destructive trade …

Commodities risk ‘across the board’ losses on trade war hit
5 years, 7 months ago

Commodities risk ‘across the board’ losses on trade war hit

Live Mint  

Singapore: Commodity investors are taking a beating after China retaliated against US tariffs, deepening concerns the trade war will derail global growth, hurting demand for raw materials. The escalation of the dispute between Washington and Beijing would weaken commodity prices across the board, Commonwealth Bank of Australia said in a note on Monday, before China issued the decision on tariffs. …

Dow Jones futures and global stocks drop as US China trade war escalates
5 years, 7 months ago

Dow Jones futures and global stocks drop as US China trade war escalates

CNN  

New York CNN Business — Global stocks fell on Monday as the trade war between the United States and China escalated. That comes after the United States hiked tariffs from 10% to 25% on $200 billion worth of Chinese exports on Friday following a breakdown in trade talks between the world’s top two economies. Retaliation by China came as little …

Global stocks plummet after Trump renews tariff threat on China
5 years, 8 months ago

Global stocks plummet after Trump renews tariff threat on China

CNN  

New York CNN Business — President Donald Trump sent shivers through global markets on Monday, with stocks plunging after he threatened new tariffs that would escalate the US-China trade war. Trump renewed threats to raise tariffs on Chinese goods over the weekend, a threat that could derail a round of trade talks with Beijing scheduled to start on Wednesday. “For …

Pandemics could cause $570 billion annual loss to global economy: WEF
5 years, 11 months ago

Pandemics could cause $570 billion annual loss to global economy: WEF

Live Mint  

New Delhi: Global businesses face huge risks from a new era of epidemics and pandemics that may cause an average annual economic loss of $ 570 billion to the global GDP, posing a threat similar to that from climate change, says a report. “Pandemics will be the cause of average annual economic losses of 0.7 per cent of global GDP …

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