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Wall Street sinks more than 5% after major gains
... thing at a time. The Fed delivered as people expected, and delivered as promised yesterday. It was fighting the consumer price index data that was much higher than expected and raised concerns about inflation being so aggressive. The counter to this is ... ....10 points or 0.03 percent to 6,783. South Korea has a Kospi Composite of 4.03 points or 0.16 percent in front of 2,451. The Hang Seng lost 462.78 points or 2.17 percent to 20,845.
Updated: 06/16/2022
US stocks up after S&P 500 enters bear market
... segment, the only of the 11 S&P 500 sectors in positive territory this year, fell 5.1%, a steep decline than that of the broad index. The utilities group, the second-best performer in 2022, lagged behind the market with a daily drop of 4.6%. Charlie Ripley,... ... 200 fell 4.3% to 6,634. After a holiday on Monday, the clock went to 00. South Korea's Kospi lost 1.0% to 2,479. Hong Kong's Hang Seng fell by 0.4% to 20,990. The Shanghai Composite edged down 1.2% to 3,217 at 98. The yen, recently at 135, is the lowest level ...
Updated: 06/16/2022
Stock markets tread water after volatile session
... Australian market sold the All Ordinaries off after a long weekend, peeling 264.00 points or 3.69 percent from the benchmark index, with the closing level at 6,881. In New Zealand, the S&P NZX 50 dropped by 283.34 points or 2.59 percent to 10,641. In ... ... China's Shanghai Composite gained 33.36 points or 1.02 percent to 3,288, compared to the trend by going against the trend. The Hang Seng in Hong Kong moved up 0.39 of a single point to 23,067, as a result of a 0.39 of a single point.
Updated: 06/14/2022
Stocks close at 3-month highs, Shanghai up 0.8%
... stocks closed at three-month highs. The blue-chip CSI 300 index rose 0.8% to 4,222. The Shanghai Composite Index increased by 1% to 3,288 on 31, while the Shanghai Composite Index gained 1%. After dropping as much as 1.8%, 91 points were lost. The Hang Seng index was flat at 21,067. The China Enterprises Index lost 0.1% to 7,333 after slipping as much as 1.7%, and 99, after slumping as much as 1.7%. There were 61 points. Wall Street hit a bear market milestone amid a Goldman Sachs forecast of a 75 basis-point ...
Updated: 06/14/2022
Equity futures trade cautious ahead of inflation data
... sentiment index will be released by the University of Michigan in June. The estimate of Refinitiv is 58.0, down from May's final reading of 58.4. The share price was mostly lower in Asia on Friday, with only Shanghai rising. The Japanese Nikkei 225 index lost 1.5%, Hong Kong's Hang Seng fell 0.3% and China's Shanghai Composite index gained 1.4% after the government reported that consumer price inflation was muted, at 2.1%, in May. Benchmarks in Europe fell on Thursday when the European Central Bank said it would raise interest ...
Updated: 06/14/2022
Asian shares fall as US rate hike fears recede
... at Canberra-based Market Economics . It is certain that growth will slow down - which is the aim of policy tightening and inflation pressures should start to drop by the end of the year. After trading in negative territory for most of the day, the Hang Seng Index pared earlier losses to remain the same in Hong Kong. China's blue-chip CSI 300 Index rose 0.8 per cent to a new level of 0.8 per cent, while the Shanghai Composite Index gained 1 per cent after dropping as much as 1.8 per cent.
Updated: 06/14/2022
Stocks rise after S&P 500 enters bear market
... the only of the 11 sectors of the S&P 500 in positive territory this year, fell 5.1%, a steep decline than that of the broad index. The utilities group, the second-best performer in 2022, lagged behind the market with a daily drop of 4.6%. Charlie Ripley ... ... 6,634. After a holiday on Monday, the clock went back to normal at 00. South Korea's Kospi lost 1.0% to 2,479. Hong Kong's Hang Seng fell by 0.4% to 20,990. The Shanghai Composite was down 1.2% to 3,217 while the 98 edged down 1.2%. The yen, recently at ...
Updated: 06/14/2022
Stocks in Australia, New Zealand fall
... Australian market sold the All Ordinaries off after a long weekend, peeling 264.00 points or 3.69 percent from the benchmark index, with the closing level at 6,881. In New Zealand, the S&P NZX 50 dropped 283.34 points or 2.59 percent to 10,641. The Kospi ... ... South Korea to 2,492. China's Shanghai Composite gained 33.36 points or 1.02 percent to 3,288, going against the trend. The Hang Seng in Hong Kong was trading ahead of 70 points at the time of writing. The U.S. dollar was steady after advancing strongly overnight....
Updated: 06/14/2022
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