MARKETS / FINANCE

Asian Markets Drop As US Downgrade Jolts Latest Rally

Fitch's decision to cut the US debt rating follows the long-running standoff on Capitol Hill earlier this year that saw the world's top economy flirt with a possible default, which rattled markets
Asian markets followed Wall Street lower Wednesday as the wind came out of the latest rally, with traders jolted by the downgrade of US sovereign debt, soft economic data and concerns about elevated valuations.

Asia Joins Wall St Rally On US Rates, China Hopes

Traders have been cheered by pledges from Chinese officials to unveil measures to boost the flagging economy
Markets rallied Monday, tracing another bump on Wall Street, where investors cheered a further slowdown in US inflation that stoked optimism the Federal Reserve will not have to hike interest rates again.
The yen has been boosted by speculation the Bank of Japan will shift away from its ultra-loose monetary policy

Asian Markets Drop After Wall St Loss, Yen Rises Ahead Of BoJ

Equities fell Friday following a sell-off on Wall Street where forecast-beating data revived concerns the Federal Reserve could hike interest rates further, while speculation swirled that the Bank of Japan could be preparing to shift from its era of easy money.
More news
Stalled US debt ceiling talks in Washington have fuelled worries about a painful default

Asian Markets Sink As US Debt Talks Stall

All eyes are now on Washington, where President Joe Biden and House Speaker Kevin McCarthy have had a number of meetings to find a path to lifting the borrowing limit from the current $31.8 trillion.
Asian stocks were up on Friday, tracking big gains on Wall Street

Asian Stocks Rise After Big Gains On Wall Street

Fears of further turmoil in the banking sector, which had acted as a drag on global markets, also appeared to be dissipating as shares in troubled US lender First National Bank rose after two battering sessions.
A view shows oil terminal Kozmino near Nakhodka

Oil Steadies On China Growth Hopes

Oil prices were steady in Asian trade on Tuesday, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further U.S.

Pages