Equities

Banks drag Wall St lower as growth fears, rate outlook weigh

NEW YORK (Reuters) -- Bank shares dragged Wall Street lower on Thursday on concerns the slowing global economy will continue to pressure interest rates, while energy shares helped pare losses late in the session. Volume was high as the S&P 500 to...

  • Hong Kong equities

    Worst post-Lunar New Year sell-off in 22 years

    HONG KONG -- The Hong Kong stock market saw the worst post-Lunar New Year session in 22 years on Thursday, a day after U.S. Federal Reserve chair Janet Yellen confirmed fears of a global slowdown in her testimony to Congress. Yellen raised the li...

  • Indian market wrap

    Shares plunge over 3% amid global slowdown fears

    MUMBAI (NewsRise) -- India shares tumbled Thursday, as global slowdown concerns deepened and a renewed slide in European banking stocks worsened market volatility. Growing anxiety over bad debt at India's state-run banks further accelerated losses on...

  • Malaysian market wrap

    Shares fall slightly as Fed comments

    KUALA LUMPUR (NewsRise) -- Malaysian shares fell marginally Thursday, as U.S. Federal Reserve Chair Janet Yellen's cautious comments kept investors on the sidelines, even as global growth concerns and financial market volatility continued to dominate...

  • Hong Kong stocks plunge after Lunar holiday

    HONG KONG (Dow Jones) -- Stocks in Hong Kong fell sharply Thursday, catching up with deep selloffs in the region as the market reopened after an extended holiday. The Hang Seng Index was down 4% at 18526.03, near the lows of the session, at the l...

  • Hong Kong stocks set for biggest drop in 6 months on China concerns

    HONG KONG (Reuters) -- Hong Kong's stocks are set for their biggest daily drop in six months on Thursday, as worries about the health of the global economy, particularly China, sparked a sell-off in financials and energy shares. Reopening after a...

  • Dollar extends drop, hits fresh 15-month low against yen

    SINGAPORE (Reuters) -- The dollar hit a fresh 15-month low versus the yen on Thursday after comments from Federal Reserve Chair Janet Yellen the previous day gave investors no reason to change their minds that the next rate hike will be a long time c...

  • Scramble for safety boosts yen, gold and bonds

    SYDNEY (Reuters) -- Fresh cracks appeared in global markets on Thursday as investors sought the safety of Japanese yen, gold and top-rated bonds while dumping U.S. dollars on bets the Federal Reserve could be done raising interest rates. Even the...

  • S&P 500 flat; Yellen sees no reason to reverse hike plan

    NEW YORK (Reuters) -- The S&P 500 ended flat on Wednesday, losing gains late in the session as investors digested comments by Federal Reserve Chair Janet Yellen, who kept options open for more rate hikes but also saw risks to the U.S. economy. Th...

  • Japanese pension fund

    Tokyo holds off on letting GPIF run own stock portfolio

    TOKYO -- Japan's government and ruling coalition will not seek to lift a ban that prevents the country's biggest public pension fund from managing its own stock investments. The proposal has met with growing skepticism amid a punishing sell-off i...

  • Japan stocks

    Nikkei index falls below its average under Abenomics

    TOKYO -- Japan's benchmark stock index ended Wednesday below its average under Abenomics policies, indicating that many investors on the Tokyo exchange may now be carrying unrealized losses. The Nikkei Stock Average ended the session at 15,713, m...

  • Stocks in shock

    Global market cap shrinks 20% since May

    TOKYO -- Global market capitalization has plummeted by $14 trillion from last May's record high as investors unload stocks amid a worldwide economic slowdown, fueling fears that the decline could start to hurt the real economy as well. The latest...

  • Singaporean equities

    Department store operator down on stock price alert

    SINGAPORE -- Zhongmin Baihui Retail Group plunged Wednesday after the stock exchange here warned of a suspiciously stable share price. The Singapore-based operator of department stores in China stayed between 1.76 Singapore dollars ($1.26) and 1....

  • Jollibee Foods

    Shares slip as costs eat into net profit

    SINGAPORE -- Jollibee Foods tumbled in the Philippines on Wednesday after a hit to profit from chain expansion costs and heavy investment. The restaurant operator slid 1.04% to close at 210 pesos. Some selling was due to profit-taking, as the sha...

  • Indian market wrap

    Shares slump to 20-month lows as global selloff weighs

    MUMBAI (NewsRise) -- India shares fell for a third session Wednesday, as a rout in European financial stocks further pressured already-stressed global markets and local lenders slumped on caution ahead of State Bank of India's results. The benchm...

  • Malaysian market wrap

    Shares slip as global slowdown woes dent risk sentiment

    KUALA LUMPUR (NewsRise) -- Malaysian shares fell Wednesday, opening after an extended Lunar New Year break, as mounting concerns about the health of European banks deepened ongoing economic slowdown worries. The nation's benchmark FTSE Bursa Mala...

  • Tokyo stocks sink on global banking sector concerns, strong yen

    TOKYO (Kyodo) -- Tokyo stocks sank Wednesday, hitting a 15-month closing low, as the yen strengthened and concerns over the global banking sector persisted.

  • Nikkei tumbles to lowest since Oct 2014 as bank concerns intensify

    TOKYO (Reuters) -- Japan's Nikkei share average closed at its lowest level since October 2014 on Wednesday as worries about the health of global banks and economic growth intensified. The Nikkei stumbled 2.3 percent to 15,713.39, for a total fall...

  • Asia stocks drop as bank concerns smoulder, yen stands tall

    TOKYO (Reuters) -- Asian stocks fell on Wednesday on growing concerns about the health of the world's banks, particularly in Europe, pushing investors into safer assets such as the yen, which stood near a 15-month high versus the dollar. Spreadbe...

  • Tokyo stocks break 16,000 line on global banking sector concerns

    TOKYO (Kyodo) -- Tokyo stocks plunged Wednesday morning, falling below the 16,000 line to a roughly 15-month intraday low, as the yen pushed higher and U.S. and European stocks struggled overnight amid concerns over the global banking sector. Th...