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China maintains its low credit rates, boosting most Asian markets, while Tokyo's stock surge continues.
Monday saw gains across Asia as the rebound in Tokyo equities continued and talks to raise the U.S. debt ceiling resumed. The Hang Seng index in Hong Kong gained 1.23 percent, making it the region's best performer, and the Hang Seng Technology index gained 2.17 percent. The People's Bank ...
The stock of First Republic Bank falls roughly 60% in a week.
Concerns about the bank's financial health in the aftermath of two other bank failures led to a continuing decline in First Republic Bank's stock price on Wednesday, which has lost 60% of its value just this week.
After the bank disclosed that depositors withdrew more than $100 ...
In spite of ongoing concerns about a global economic slowdown, the initial public offering (IPO) market is showing signs of life
Especially in Asia, the global IPO market is exhibiting signs of life as the stock market recovery has empowered corporations to gauge investor interest in fresh listings. The likelihood of a full recovery, however, remains low. Data collated by Bloomberg shows that the first two months of the ye...
The Nikkei rises as retail stocks soar on the back of a tourism boom and tech companies recover in Japan.
Gains in the retail sector due to an influx of foreign tourists and a reversal in the fortunes of the semiconductor industry helped the Nikkei share average in Japan recover some of the ground it had lost the day before. After opening in the red, the Nikkei gained 0.18 percent to close at 28,657....
Financial, automotive, and battery material gains push Seoul stocks higher at the close.
Automakers, battery materials businesses, and financial institutions were the day's top gainers on the South Korean stock market. The domestic currency depreciated versus the dollar.
After gaining 3.99 points, or 0.16 percent, the Korea Composite Stock Price Index ended the day at 2...
After a surprising cut by OPEC and allies, European markets end the day lower, while oil and gas stocks rise by 4 percent.
Monday's slight decline across Europe's stock markets came as investors focused on the oil market in the wake of a surprise production cut by the OPEC+ alliance.
After being flat for most of the afternoon, the pan-European Stoxx 600 index ended up 0.1%.
Brent crude fut...
The stock price of Rail Vikas Nigam has increased by 4%. This is why
After receiving a letter of award from the Ministry of Railways to manufacture and operate Vande Bharat train-sets, shares of Railway PSU firm Rail Vikas Nigam (RVNL) rose by 4% on Friday, closing at Rs 69.6. To produce and maintain Vande Bharat train-sets, as well as to upgrade government manufa...
The fourth-quarter results for EVgo blew away Wall Street's expectations, sending the stock soaring
As demand from business customers skyrocketed in the fourth quarter, EV charging network operator EVgo on Thursday reported revenue that surpassed Wall Street expectations and posted a narrower-than-expected loss.
Despite EVgo's revenue guidance for 2023 falling just short of Wall S...
Ahead of the Fed's important rate decision, Japan's stock market rises about 2%, pacing Asia's advance.
As investors awaited the latest information on the U.S. Federal Reserve's rate hike decision, Asia-Pacific markets climbed on Wednesday. The Fed is attempting to balance its inflation fight and stem a banking crisis.
The Nikkei 225 in Japan led regional advances, rising 1.93 percent...
These trends that will have an impact on small businesses in 2023 should be watched closely.
The market is always shifting, so it's important for small businesses to be flexible. No time is better than the beginning of a new year to take stock of how your company can better serve its customers and stay ahead of the competition in the coming year. To assist you in this endeavor, we co...
After a day of ups and downs on Wall Street, the US stock market ends the day with a gain, and the S&P 500 ends its loss streak.
On a volatile day on Wall Street, the S&P 500 managed to finish the day in the black, ending a four-day losing streak as investors tried to make sense of how interest rate policy might affect the U.S. economy. As investors attempted to predict what the U.S. Federal Reserve would do with inter...
As rate increases approach, stocks find it difficult to advance.
Despite the dollar reaching multi-week highs, Asian stock markets were pinned near seven-week lows on Thursday due to investors' concerns that interest rates would need to keep increasing and remaining high to stop inflation in the wake of a slew of positive economic data. The broadest MSCI m...
Once again, growth stocks are outperforming value
Fast-growing company shares are heading the 2023 stock rally, but some investors believe they don't have much further to run. This year, the Russell 3000 Growth Index has gained 9.8%, beating the Russell 3000 Value Index's 4.4% gain. The rally is a sharp contrast to last year, when value ...
After Powell's remarks, European stocks hit a nine-month high, as the dollar wobbles.
On Wednesday, global stocks soared and most currencies rallied against the dollar as investors perceived a dovish tone in comments from Federal Reserve Chair Jerome Powell, albeit an ECB policy change meant European bonds sat out the rally. MSCI's world stock index increased 0.3%, returning t...
Oil prices are unchanged as the market awaits decisions from the Federal Reserve and OPEC.
Oil prices remained relatively unchanged as the market anticipates a meeting of OPEC and its allies, a Federal Reserve rate decision, and U.S. government data on oil and fuel stockpiles on Wednesday. Brent crude futures fell 11 cents, or 0.1%, to $85.35 a barrel at 0949 GMT. West Texas Intermedia...
Under fire, Korea's pension fund looks to international stocks for growth.
South Korea's state pension fund is increasing its investments in overseas companies in response to increased pressure to improve returns amid worries that the fund could deplete sooner than projected as a result of fast demographic shifts. On Friday, the pension service's budget committe...
Since the BoJ did not alter the yield range, Japanese stocks have risen by over 2%.
Even though the Bank of Japan did not alter its yield curve control strategy, shares across Asia-Pacific moved mainly higher on Wednesday. The Nikkei 225 in Japan was the best performing Asian index, rising 2.5% to end at 26,791.12. The final closing price of the Topix was 1,934.93, an increase o...
The Korean Stock Market Is Expected to Raise in 2023, and You Need to Know How to Invest in It.
This closed-end fund has outperformed its benchmark over the past decade and trades at a significant discount of almost 15%. The expense ratio is also reasonable. When compared to international stock markets, Korean stocks have a forward price-to-earnings ratio that is relatively low. In addition...
The stock market slumps as the Fed's strong stance dampens China's surge.
In spite of China's latest reopening plans, Wall Street was expected to take it easy on Thursday due to positive jobs statistics and the Fed's clear signal that interest rates will not be slashed anytime soon. Overnight, equities in Asia and the Pacific outside of Japan hit a four-month h...
Stock market predictions for 2023: Doom and gloom from investment pros
King Global investors are counting on a number of trends for 2023, including the (inevitable) decline of the dollar, a rebound in bonds, and a recovery in developing economies. How badly economies now bend, and if skyrocketing inflation and the global gut-punch of nearly 300 central bank interest...