$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 2.8%. “The financial markets are walking on eggshells,” John Woods, Credit Suisse Group AG’s chief investment officer for Asia-Pacific, said in an interview with Bloomberg Television. Japanese financial stocks had surged since December amid signs the nation’s central bank was pivoting toward tightening after years of ultra-loose monetary policy.

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History of this topic

Korean Bank Stock Pullback Is Buying Opportunity, JPMorgan Says
2 weeks, 4 days ago

Korean Bank Stock Pullback Is Buying Opportunity, JPMorgan Says

Live Mint  

A recent slide in South Korean financial shares following political turmoil is an opportunity to buy, according to analysts at JPMorgan Chase & Co., as banks are expected to continue their efforts to boost shareholder returns. Read: How Six Hours of Martial Law Reshaped a Stunned South Korea While the legislative process required for more effective Value-Up programs could lose …

Stock market today: World shares are mostly higher after Big Tech losses pull Wall St lower
3 weeks, 4 days 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 …

Japanese shares fall as tech stocks track Nasdaq lower
1 month ago

Japanese shares fall as tech stocks track Nasdaq lower

Live Mint  

TOKYO, - Japanese shares fell on Thursday as technology stocks tracked the Nasdaq's overnight decline, while financial shares rose amid bets for the Bank of Japan's interest rate hike. "Chip-related shares fell to track U.S. equities lower but overall the market struggled to find market-moving cues after Nvidia reported its earnings," said Shingo Ide, chief equity strategist at NLI Research …

Stock market today: Japan leads losses in Asia after sharp decline on Wall St driven by Big Tech
1 month, 3 weeks ago

Stock market today: Japan leads losses in Asia after sharp decline on Wall St driven by Big Tech

The Independent  

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Asian stocks are mostly higher, while Japan's Nikkei falls ahead of weekend election
1 month, 4 weeks ago

Asian stocks are mostly higher, while Japan's Nikkei falls ahead of weekend election

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. An optimistic CEO Elon Musk …

Wall Street slips, breaking an 8-day winning streak for stocks
4 months ago

Wall Street slips, breaking an 8-day winning streak for stocks

LA Times  

Pedestrians pass the New York Stock Exchange. It is one of Wall Street’s most influential stocks because a frenzy around artificial intelligence technology has made it one of the U.S. stock market’s most valuable companies at roughly $3 trillion. Expectations aren’t that high this time around, with nearly everyone already in agreement the Fed will begin cutting interest rates next …

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
4 months, 2 weeks 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 …

Stocks are crashing—that’s a great reason to sit tight
4 months, 2 weeks ago

Stocks are crashing—that’s a great reason to sit tight

Live Mint  

The red numbers in your 401 today might appear to vindicate warnings about an artificial-intelligence bubble and infirm economy. Also, consumer discretionary stocks have become the worst-performing sector in the S&P 500, as lackluster labor-market reports have raised worries that the Federal Reserve made a mistake by waiting until September to cut interest rates. The most eye-popping moves happened in …

Stock markets crash nearly 3% amid global equity rout, investors lose ₹15 lakh crore in single day
4 months, 2 weeks ago

Stock markets crash nearly 3% amid global equity rout, investors lose ₹15 lakh crore in single day

The Hindu  

Stock markets crashed nearly 3% on August 5 due to across-the-board selling in banking, IT, metal and oil & gas shares following a global equity rout, wiping out more than ₹15 lakh crore of investor money in a single day. Investors lost more than ₹15 lakh crore in the market crash as the total valuation of BSE-listed companies dropped to …

Asian stocks routed, European markets slump amid US recession concerns following weak jobs report
4 months, 2 weeks 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
4 months, 2 weeks 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
4 months, 2 weeks 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
4 months, 2 weeks 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 …

Japan's Nikkei 225 stock index sinks nearly 13% as investors dump a wide range of shares
4 months, 2 weeks ago

Japan's Nikkei 225 stock index sinks nearly 13% as investors dump a wide range of shares

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 Japan’s Nikkei 225 share index …

Shares sink in Japan as a tech-driven retreat on Wall St drives selling of chip makers and exporters
4 months, 3 weeks ago

Shares sink in Japan as a tech-driven retreat on Wall St drives selling of chip makers and exporters

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 Japan’s benchmark Nikkei 225 index …

Shares sink in Japan as a tech-driven retreat on Wall St drives selling of chip makers and exporters
4 months, 3 weeks ago

Shares sink in Japan as a tech-driven retreat on Wall St drives selling of chip makers and exporters

Associated Press  

TOKYO — Japan’s benchmark Nikkei 225 index sank 5.8% on Friday in what some reports said were the worst single-day loss since Black Monday of 1987. The drop of more than 2,000 points to its close at 35,909.70 left the index near where it was in January, erasing huge gains that had taken the Nikkei index past the 40,000 level …

Stock market today: Asian shares dive after a wipeout on Wall Street as Big Tech skids
4 months, 4 weeks ago

Stock market today: Asian shares dive after a wipeout on Wall Street as Big Tech skids

Associated Press  

TOKYO — Asian shares dropped in Thursday morning trading, with Tokyo’s benchmark losing more than 1,000 points at one point and closing down more than 3%, as pessimism set in over a nose-dive on Wall Street. U.S. stock indexes suffered their worst losses since 2022 after profit reports from Tesla and Alphabet helped suck momentum from Wall Street’s frenzy around …

Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixed
4 months, 4 weeks ago

Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixed

The Independent  

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Stock market today: Asian shares mostly fall as dive for Big Tech stocks hits Wall St rally
5 months ago

Stock market today: Asian shares mostly fall as dive for Big Tech stocks hits Wall St rally

Associated Press  

TOKYO — Asian shares were mostly lower Thursday, with Tokyo’s benchmark dipping more than 2%, after Wall Street’s record-breaking rally slammed into a wall of worries over potentially worsening trade tensions with China. The markets’ spotlight was squarely on chip companies after a report from Bloomberg News said President Joe Biden is considering the most severe trade restrictions available if …

Japan’s SoftBank Group trims investment losses but remains in red for fiscal year
7 months, 1 week ago

Japan’s SoftBank Group trims investment losses but remains in red for fiscal year

Associated Press  

TOKYO — SoftBank Group trimmed its losses for the fiscal year through March to about a quarter of the red ink it racked up a year earlier, as its investment losses declined, the Japanese technology company said Monday. By quarter, SoftBank Group, which invests in artificial intelligence, robotics, autonomous driving and other technology, recorded its second straight quarterly profit, at …

Japan’s SoftBank Group marks a return to profit as it cuts Vision Fund losses
10 months, 2 weeks ago

Japan’s SoftBank Group marks a return to profit as it cuts Vision Fund losses

Associated Press  

TOKYO — Japanese technology conglomerate SoftBank Group returned to profitability in October-December after four straight quarters in the red, the company said Thursday. Tokyo-based SoftBank reported a 950 billion yen, profit for the October-December quarter, a reversal from a 783 billion yen loss in the same period a year earlier. Its 458.7 billion yen loss for April-December was still an …

Japan's SoftBank Group marks a return to profit as it cuts Vision Fund losses
10 months, 2 weeks ago

Japan's SoftBank Group marks a return to profit as it cuts Vision Fund losses

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 Japanese technology conglomerate SoftBank Group …

Stock market today: Asian stocks track Wall Street gains and Japan’s inflation slows
11 months ago

Stock market today: Asian stocks track Wall Street gains and Japan’s inflation slows

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 Asia markets mostly advanced Friday …

Japan’s SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour
1 year, 1 month ago

Japan’s SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour

Associated Press  

TOKYO — Japanese technology company SoftBank Group Corp. racked up a huge loss in the July-September quarter as its technology investments, most notably office-sharing company WeWork, went sour. Tokyo-based SoftBank loss totaled 931 billion yen in the last quarter, a reversal from the 3 trillion yen profit it posted in the same period a year earlier. SoftBank’s chief financial officer, …

Asian stocks fall after more US debt talks fail to break impasse
1 year, 7 months ago

Asian stocks fall after more US debt talks fail to break impasse

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. Wall Street's benchmark S&P 500 index edged up less …

US, global markets fall on banking turmoil: Report
1 year, 8 months ago

US, global markets fall on banking turmoil: Report

Hindustan Times  

Shares on Wall Street tumbled in premarket trading Friday as worries flared over turmoil in the banking sector and potentially worsening risks of recession. A sign for a Wall Street building is shown, Futures for the Dow Jones Industrial Average slid 1% before the bell and the benchmark S&P 500 fell 0.8%. Regional banks' shares in Asia were modestly lower …

Stocks slump as Credit Suisse rescue fails to ease fear of global crisis
1 year, 9 months ago

Stocks slump as Credit Suisse rescue fails to ease fear of global crisis

Hindustan Times  

Banks led stock markets lower on Monday and safe havens such as bonds rallied as a weekend deal to rescue Credit Suisse and promises of liquidity from central banks could not stem fears that a bigger crisis is brewing in the financial system. But with some Credit Suisse bondholders in line to be left with nothing, and nerves running high …

Asian shares extend losses as US banking worries persist
1 year, 9 months ago

Asian shares extend losses as US banking worries persist

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 declined Tuesday, with …

Asian shares extend losses as US banking worries persist
1 year, 9 months ago

Asian shares extend losses as US banking worries persist

Associated Press  

TOKYO — Asian shares declined Tuesday, as investors around the world watched to see what’s next following the second- and third-largest bank failures in U.S. history. “There is escalating tension in the global financial world; this is despite non-U.S. banks’ exposure to US regional banks being minimal, with the global systems being well capitalized and flush with liquidity,” Stephen Innes, …

SVB collapse: Rupee declines; Asian markets sink. 10 points
1 year, 9 months ago

SVB collapse: Rupee declines; Asian markets sink. 10 points

Hindustan Times  

The collapse of Silicon Valley Bank and Signature Bank made a huge impact on global finances as stocks have lost $465 billion in market value so far. The Indian rupee fell 4 paise to 82.27 against the US dollar in early trade on Tuesday, tracking losses in Asian equities and currencies on concerns over the spillover fears after the collapse …

SoftBank vision fund loses $7.2 billion on tech writedowns
2 years, 1 month ago

SoftBank vision fund loses $7.2 billion on tech writedowns

Live Mint  

SoftBank Group Corp.’s core Vision Fund arm posted a $7.2 billion quarterly loss as plunging startup valuations continue to hammer the company’s financial performance and forces it slow investments. Of those, China’s SenseTime Group Inc. accounted for 364 billion yen, while US food delivery firm Doordash Inc. accounted for 225 billion yen and Indonesian ride-hailing and e-commerce firm GoTo Group …

Japan tech giant SoftBank posts $23 billion quarterly loss
2 years, 4 months ago

Japan tech giant SoftBank posts $23 billion quarterly loss

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 Japanese technology company SoftBank Group …

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 fell on mounting recession fears
2 years, 6 months ago

Asian stocks fell on mounting recession fears

Live Mint  

Stocks face more losses Friday on deepening fears of an economic downturn as monetary policy tightens to fight damaging inflation. There is “a building expectation that the Bank of Japan will need to amend their policy stance closer to some version of normal” even as the central bank says low rates are still needed, Benjamin Jeffery and Ian Lyngen, strategists …

SoftBank reports record $27.5 billion loss on crashing tech stocks
2 years, 7 months ago

SoftBank reports record $27.5 billion loss on crashing tech stocks

CNN  

Hong Kong CNN Business — SoftBank’s mega tech funds lost more than $27 billion in the last fiscal year, by far their worst performance on record. SoftBank’s portfolio companies include South Korean e-commerce firm Coupang and Southeast Asian ride-hailing startup Grab, which both went public in record-breaking offerings on Wall Street last year. Son also said that the company had …

$57 billion wiped from Australian market, Wall Street rout as Dow plunges 1,000 points, Nasdaq loses 5pc
2 years, 7 months ago

$57 billion wiped from Australian market, Wall Street rout as Dow plunges 1,000 points, Nasdaq loses 5pc

ABC  

The Australian share market has lost nearly $60 billion in a single day, and Wall Street has lost trillions as investors took flight amid concerns that more official interest rate hikes would not be enough to curb surging inflation. Key points: The Dow Jones index fell 3.1pc to 32,998, the S&P 500 fell 3.5pc to 4,147, and the Nasdaq fell …

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. …

Market wrap: Sensex slumps 765 points, Nifty ends below 17,200 level
3 years ago

Market wrap: Sensex slumps 765 points, Nifty ends below 17,200 level

Business Standard  

Top headlines • Sensex slumps 765 points, Nifty ends below 17,200 • Star Health cuts IPO size after tepid subscription • Services PMI moderates in Nov as price pressures intensify • Tega Industries closes IPO with over 200 times subscription The benchmark indices ended lower on Friday as domestic investors booked profit after two days of relentless buying, and ahead …

Asian shares decline following lackluster day on Wall Street
4 years ago

Asian shares decline following lackluster day on Wall Street

Associated Press  

Asian shares sank on Tuesday after a lackluster day on Wall Street as investors wait to see if Congress can break a logjam on delivering more aid to people, businesses and local governments affected by the coronavirus pandemic. Japan’s benchmark Nikkei 225 index fell after Prime Minister Yoshihide Suga announced a suspension of a travel promotion program that has helped …

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