Asian Markets Tumble as Investors Monitor Coronavirus Vaccine Developments
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.823, swinging higher from levels above 93 seen earlier.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.823, swinging higher from levels above 93 seen earlier.
Asia Pacific markets mostly rose on Tuesday, following gains on Wall Street overnight as investors remain unfazed by China’s retaliatory actions against the United States.
Oil prices rose Monday during Asian hours. U.S. crude added 1.24% to $41.73 per barrel while global benchmark Brent was up 0.81% to $44.76.
The Japanese yen traded at 105.50 per dollar after strengthening from levels above 105.6 against the greenback yesterday. The Australian dollar changed hands at $0.7197 following its rise from levels below $0.715 this week.
The Japanese yen traded at 105.56 per dollar after touching levels around 106.4 earlier in the trading week. The Australian dollar changed hands at $0.7187 following its bounce from levels below $0.71 earlier this week.
The Japanese yen traded at 106.08 per dollar after weakening from levels around 105.6 against the greenback yesterday. The Australian dollar was at $0.7133 after falling below $0.71 yesterday
Oil prices dipped in the morning of Asian trading hours, with international benchmark Brent crude futures down 0.64% to $43.24 per barrel. U.S. crude futures also shed 0.74% to $39.97 per barrel.
Oil prices were up in the afternoon of Asian trading hours, with international benchmark Brent crude futures adding 0.47% to $43.14 per barrel. U.S. crude futures rose 0.4% to $40.08 per barrel.
The Japanese yen traded at 105.03 per dollar following its strengthening earlier in the trading week from levels above 105.3 against the greenback. The Australian dollar changed hands at $0.7175 after rising from levels below $0.712...
The Japanese yen traded at 105.04 per dollar after strengthening from levels around 105.60 against the greenback yesterday. The Australian dollar changed hands at $0.7164 following its rise from levels around $0.71 early in the trading...
The Japanese yen traded at 105.27 per dollar after it strengthened from levels above 105.7 yesterday. The Australian dollar was at $0.7169 after rising from levels around $0.71 in the previous trading...
Oil prices dipped in the morning of Asian trading hours, with international benchmark Brent crude futures down 0.35% to $43.19 per barrel. U.S. crude futures also shed about 0.2% to $41.21 per...
The Japanese yen traded at 106.39 per dollar, after wavering between 106 and 107 for most of this week. The Australian dollar slipped below the 0.71 level, last changing hands around 0.7090.
The Australian dollar was flat and changed hands at $0.7137 while the Korean won traded at 1,198.61 per U.S. dollar, with the dollar/won pair up 0.12%.
Japan's Nikkei 225's lost 0.37%, while the Topix edged down 0.19%. The country's manufacturing activity contracted for a 13th straight month in July, data showed, according to Reuters.
Oil prices traded higher Tuesday morning during Asian hours. U.S. crude traded up 0.15% at $40.87 a barrel while global benchmark Brent added 0.09% to $43.32.
The Japanese yen traded at 107.35 per dollar, after a turbulent previous week where it traded at around levels between 106 and 107. The Australian dollar touched the 0.70 level briefly, before...
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.346 following its decline from levels above 96.4 seen earlier in the trading week.
Hong Kong's Hang Seng index declined 0.4%. In Japan, the Nikkei 225 dipped 0.34% in morning trade while the Topix index was 0.13% lower.
The Japanese yen traded at 107.22 per dollar after touching levels around 107.4 against the greenback yesterday. The Australian dollar changed hands at $0.7008 after rising from levels below $0.694 yesterday.
The Japanese yen traded at 107.21 per dollar after weakening from the 106.8 against the greenback yesterday. The Australian dollar changed hands at $0.6934 after turbulent trading on Monday that saw it at levels above $0.698.
The Japanese yen traded at 106.90 per dollar following a strengthening from levels above 107.2 against the greenback last week. The Australian dollar changed hands at $0.6942 after turbulent trading last week...
Global benchmark Brent traded down 1.61% at $41.67 while U.S. crude fell 1.89% to $38.87 a barrel.
Oil prices were lower in the morning of Asian trading hours, with international benchmark Brent crude futures down 0.12% to $43.24 per barrel. U.S. crude futures slipped 0.24% to $40.80 per barrel.
Oil prices were little changed in the morning of Asian trading hours, with international benchmark Brent crude futures at $42.95 per barrel, while U.S. crude futures stood at $40.48 per barrel.
The Japanese yen traded at 107.38 per dollar following a strengthening from levels above 107.6 yesterday. The Australian dollar changed hands at $0.6963 after bouncing from levels around $0.695 yesterday.
The moves upward regionally came despite the World Health Organization saying Saturday that more than 200,000 coronavirus cases were confirmed over a 24-hour period
Stocks in Asia edged higher in Friday afternoon trade as positive economic data raised optimism over the prospects of an economic recovery from the coronavirus pandemic.
Oil prices slipped in the morning of Asian trading hours on Thursday, with international benchmark Brent crude futures down 0.14% to $41.97 per barrel. U.S. crude futures also declined 0.23% to $39.73 per barrel.
The yen, often viewed by investors as a haven asset during times of uncertainty, added 0.2 per cent to ¥107.72 per dollar. With coronavirus infections outside of
The number of new coronavirus cases in the US fell below 40,000 for the first time in four days on Monday, but states in the west and south of the country remain...
In the U.S., coronavirus cases recently surged by more than 45,000 in a day, according to John Hopkins University data.
Markets in China remained closed on Friday for a holiday
Markets in China and Hong Kong are closed on Thursday for a holiday.
The Australian dollar changed hands at $0.6958 after seeing an earlier low of $0.6923.
Mainland Chinese stocks were mixed in morning trade, with the Shanghai composite down fractionally while the Shenzhen component rose 0.168%.
Hong Kong’s Hang Seng index dipped 0.3% in early trade. Mainland Chinese stocks, on the other hand, edged higher. The Shanghai composite gained 0.13% while the Shenzhen component added 0.417%.
Japan’s Nikkei 225 gained 0.72% while the Topix index nudged 0.23% higher. Over in South Korea, the Kospi traded slightly higher. Shares in Australia saw gains, with the S&P/ASX 200 up 0.75%. Overall, the MSCI...
Hong Kong’s Hang Seng index shed 0.22% by the afternoon. Shares of Chinese e-commerce giant JD.com jumped in their Thursday Hong Kong debut, rising more than 3% as compared to the issue price.
Investors also continued to watch for developments on the geopolitical front regionally, as tensions escalate along the Korean peninsula after North Korea reportedly destroyed a liaison office with the South.
Oil prices also fell with Brent crude, the international benchmark, down 2.5 per cent to $37.77 a barrel. US marker West Texas Intermediate was down 3.3 per cent at $35.05.
Oil prices dropped in the morning of Asian trading hours, with international benchmark Brent crude futures down 2.75% to $37.49 per barrel. U.S. crude futures also slipped 3.55% to $35.05 per barrel.
The Japanese yen traded at 106.97 per dollar, having strengthened from levels above 109 seen earlier in the trading week. The Australian dollar changed hands at $0.6953 after seeing an earlier high of $0.7004.
Overnight on Wall Street, the Nasdaq Composite rose 0.29% to hit a record close of 9,953.75. Meanwhile, the Dow Jones Industrial Average dropped 300.14 points, or 1.09%, and snapped its six-session winning...
In early trading on Tuesday, Hong Kong’s Hang Seng climbed 1.3 per cent to put the benchmark on track for sixth straight day of gains
International benchmark Brent crude futures dipped 0.24% to $42.20 per barrel, while U.S. crude futures shed 0.56% to $39.33 per barrel.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 96.791 following an earlier low of 96.715.
The Japanese yen traded at 109 per dollar after weakening sharply earlier this week from levels below 108. The Australian dollar changed hands at $0.6894, following its rise from levels below $0.68 seen earlier in the...
Crude Oil rose above $40 for first time in three months as investors shrug off US unrest
The Japanese yen traded at 107.61 per dollar after weakening from levels around 107.4 yesterday. The Australian dollar changed hands at $0.6794 after seeing levels below $0.657 last week.
Shares in Asia Pacific were higher on Monday, with Hong Kong’s Hang Seng index surging more than 3% in morning trade.
The Japanese yen traded at 107.34 per dollar after strengthening from levels above 107.8 yesterday.
Developments on U.S.-China relations likely continued to be monitored by investors, as tensions between the two economic powerhouses mount.
Oil prices dipped in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 0.25% to $36.08 per barrel. U.S. crude futures also slipped 0.44% to $34.20 per barrel.
South Korea’s Kospi gained 0.5 per cent and Australia’s S&P/ASX 200 added 0.7 per cent.
The U.S. dollar traded at 99.823 against a basket of its peers at 1:42 p.m. HK/SIN, a touch lower than its previous close at 99.863
China is poised to impose a new national security law on Hong Kong after months of anti-government protests in the territory. The move has sparked concerns the law will give Beijing more control...
Oil prices were higher in the morning of Asian trading hours, with international benchmark Brent crude futures up 0.5% to $35.93 per barrel.
Oil prices were little changed in the morning of Asian trading hours, with international benchmark Brent crude futures up 0.17% to $34.71 per barrel. U.S. crude futures dipped slightly to $31.94 per barrel
Hong Kong’s Hang Seng index led gains among the region’s major markets, jumping 2.38% in early trade as shares of HSBC soared more than 3%.
Oil prices rose in the afternoon of Asian trading hours on expectations of demand pick-up and supply cuts, reaching the highest levels since march.
In trading in the region on Friday, Japan’s benchmark Topix index fell 0.3 per cent while Hong Kong’s Hang Seng index dropped 0.6 per cent. South Korea’s Kospi and China’s CSI 300...
The fall in Australian stocks came as the country’s unemployment rate jumped to 6.2 per cent, the highest level in five years. The Australian dollar fell 0.3 per cent against the dollar...
Futures markets tipped the S&P 500 to drop 0.4 per cent when trading begins on Wall Street later in the day, while London’s flagship FTSE 100 was expected to shed 1.6 per...
Hong Kong’s Hang Seng index fell 1.48%, as of its final hour of trading while in Japan, the Nikkei 225 declined 0.12% to close at 20,366.48 while the Topix index slipped 0.26% to end its trading...
Japan's Nikkei added 0.7% and South Korean stocks 0.3%. E-Mini futures for the S&P 500 ESc1 opened soft but bounced as the morning wore on and was last up 0.3%.
Japanese stocks led gains among the region’s major markets, with the Nikkei 225 jumping 2.06% in afternoon trade
Asian markets fell moderately on Thursday as investors held their breath over data that could add to the picture of how the world economy is dealing with the coronavirus outbreak. Hong Kong...
Brent crude, the international benchmark, was off 0.1 per cent on Wednesday morning in Asia but still up for the week at $30.95 a barrel, having hit the $30 mark on Tuesday...
The upturn for stocks came on more optimistic statements from the governors of California and New York for reopening businesses. Andrew Cuomo of New York on Monday outlined a phased reopening in...
Analysts warned that after a strong April - fueled by optimism the worst of the disease has passed - equities could suffer a tumultuous May as corporate earnings and other indicators reveal...
The Dow Jones Industrial Average fell 288.14 points, or 1.17%, to 24,345.72, the S&P 500 lost 27.08 points, or 0.92%, to 2,912.43 and the Nasdaq Composite dropped 25.16 points, or 0.28%, to...
While data is beginning to highlight the impact coronavirus has had on economies, markets have been buoyed in recent days by news that some of the worst-hit countries are finally seeing infection...
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1% in early trade, having shed 2.6% last week. Japan's Nikkei gained 1.1%, while E-Mini futures for the S&P 500 dipped 0.4%
Stocks across Asia-Pacific fell after a potential antiviral drug to treat coronavirus flopped in its first clinical trial, dashing investors’ hopes for a medical solution to the pandemic.
Kenya Airways' share price Wednesday dropped below the Kes1 mark to trade at Kes 0.97 at the Nairobi Securities Exchange
Frontier markets had a good day in turn as global Investors looked out to them for hedging against their markets. Turnover of the Nairobi Securities exchange hit past the 1 Billion mark...
The challenge of identifying which assets will lead the rebound from the virus turmoil is the major debating point as countries around the world achieve some success in limiting the spread of...
There is not much expectation about the current quarterly earnings season and the disappointment seems to be already factored into the stock prices. Markets will watch out for management commentary regarding the...
The local market seems to have run out of purchasing power, or are waiting for even lower prices as we presume, as they hold low counteractive measures against the foreign investors. Earlier...
Kenyan government has less fiscal room to support the economy compared to many of its peers and the country's credit profile would weaken if a wider fiscal deficit increases the debt-GDP ratio.
China moved again to cushion its economy, cutting a key medium-term interest rate to record lows and paving the way for a similar reduction in benchmark loan rates.
As losers & gainers continue to emerge, Safaricom still takes the lead in firms gaining ground during this pandemic. The company's Chief Executive Peter Ndegwa said their home fiber service reported a...
The major Asia-Pacific stock indexes are trading lower on Monday as traders digest the OPEC+ production cut deal and the latest news about the coronavirus pandemic. Volume is light with most of...
Most markets will be closed for Good Friday today and will resume trading on Tuesday. U.S markets as the tradition, will be closed today but will resume trading on Monday.
The banking stocks are one of the most hit in Nairobi as stocks plummeted and have been struggling to remain stable. Co-op bank which closes it's books in a week's time has...
On performance of global markets, Asian stocks stepped back early Wednesday after two sessions of sharp gains as investors turned wary on getting too optimistic about the coronavirus while death tolls were...
Early Tuesday data on Asian markets showed that Asian stocks headed for their first back-to-back gain in two weeks on continuing optimism that the deadly coronavirus outbreak may be waning in some...
Stocks sank in Australia and Hong Kong, while South Korean shares fluctuated. Early gains in Japan gave way to losses, while S&P 500 futures fell about 1%.
Wednesday’s cascade that sent technical analysts back to the charts in search of lines of defense that might emerge should the low be tested.
The trend could follow in emerging markets with a high exposure in India, South Africa and Nigeria. The European markets are faced with an increased volatility that could pour out into the...
counters that are currently trading on cum-dividend are likely to maintain their trading positions at these levels.
While most of these countries have advanced healthcare systems, Africa's healthcare systems might not be able to handle a surge in Corona Virus cases
Well, these types of rallies are not uncommon in periods of extreme volatility. During the height of the financial crisis, in October 2008, global markets posted two single-day gains of more than...
As the virus spread and Kenya's reported an additional one confirmed case of the COVID-19 yesterday and also reported the first recovery of an infected patient. Spain had its deadliest day yet
At the moment, it's a game of bazookas, tanks and all arsenal Central Bankers can pull against a new enemy, the Corona Virus, which has caused economies to stall everywhere it's stops.
The bear run may last but a bull will emerge at the long run. Rather buy the dip than buy the climb.
Yesterday, the country's health minister indicated a rise and also confirmed possible rise in infections in the country as they move to trace and quarantine those who had been contacted by the...
The results released yesterday could bring into play a defensive game for bank stocks, just as local investors did on Safaricom earlier in the week. Equity Bank will definitely be a counter...
Data from the NSE shows the dividends as a percentage of share price (dividend yields) for 18 listed firms range between 7.3 and 19.7 percent, having gone up as the share prices...
© 2024 Trading Room - Developed ByDevop360 Technology.