Tag: stocks

Global stocks and oil extend gains over hopes of economic recovery

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Global stocks and oil extend gains over hopes of economic recovery

World stocks and oil prices have surged, hopes for a rapid global economic recovery from the coronavirus pandemic and continued support from central banks have helped offset increased geopolitical risks. On Wednesday, at the start of the session in Asia-Pacific, the Japanese benchmark Topix rose 0.6%, the Hang Seng in Hong Kong by 1.2% and ….  Read More

Asia-Pacific stocks rally hopes for US economic recovery

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Asia-Pacific stocks rally hopes for US economic recovery

Actions in the Asia-Pacific region rallied hopes for a path to reopen the US economy after the coronavirus pandemic, as investors prepared for what should be the first economic contraction Chinese in four decades. On Friday morning, Japan’s Topix rose 1.5%, while Australia’s S & P / ASX 200 rose 2.3% and South Korea’s Kospi ….  Read More

Asian stocks plummet as IMF warns of stunted growth of coronaviruses

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Asian stocks plummet as IMF warns of stunted growth of coronaviruses

Stocks in the Asia-Pacific region plummeted after the IMF warned that growth in the region would be stalled for the first time in six decades as a result of the coronavirus, in the latest worrying sign of devastation to the economy worldwide by the pandemic. The gloom in the Asian markets on Thursday came after ….  Read More

Newest Coronavirus: Asia-Pacific Stocks Follow Wall St Higher

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Newest Coronavirus: Asia-Pacific Stocks Follow Wall St Higher

Australian companies announce series of layoffs Jamie Smyth reports from Sydney Australian companies on Wednesday announced a wave of layoffs with Virgin Australia and clothing retailer Mosaic, announcing the layoff of nearly 15,000 workers. The layoffs, which the two companies said were temporary measures to deal with the coronavirus crisis, followed a further crackdown by ….  Read More

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Coronavirus: Global stocks go down as investors avoid the worst ..

US equity futures and several Asian stocks fell on Wednesday Concerns about the coronavirus pandemic have overshadowed the hope that broad political support would counter the economic fallout from the epidemic. Most of the traditional safe haven assets were also under pressure, as battered investors sought to unwind their damaged positions, resulting in large disparities ….  Read More