Global Markets

Date Heading Details
19-Sep-2020   08:40 Hrs IST US markets settle in red amid continued weakness among tech stocks <P align=justify>Extending their previous session's losses, the US markets settled lower on Friday with cut of around a percent each, due to a continued slump by technology stocks, with tech giant Apple showing a significant drop. Shares of Apple, which have been a key driver of the markets in most recent sessions, tumbled by 3.2 percent to their lowest closing level in well over a month. Big-name tech companies like Google parent Alphabet, Amazon, and Microsoft also posted notable losses. Traders also continued to express renewed concerns about the economic outlook following the Federal Reserve's monetary policy announcement on Wednesday. While the Fed indicated it plans to leave interest rates at near-zero levels for years to come, traders seem skeptical that will be enough to support the economy.<P align=justify>Recent economic data suggests the rebound from the lockdown-induced economic collapse may be plateauing, raising concerns about the possibility of a double-dip. A report released by the Conference Board showed a continued increase by its reading on leading US economic indicators in the month of August, although the pace of growth slowed compared to recent months. The Conference Board said its leading economic index jumped by 1.2 percent in August after surging up by 2.0 percent in July and spiking by 3.1 percent in June. Street had expected the index to increase by 1.3 percent. Meanwhile, a separate report from the University of Michigan showed a much bigger than expected improvement in consumer sentiment in the month of September.<P align=justify>Dow Jones Industrial Average dropped 244.56 points or 0.88 percent to 27,657.42, Nasdaq fell 117 points or 1.07 percent 10,793.28 and S&amp;P 500 was down by 37.54 points or 1.12 percent to 3,319.47.&nbsp;&nbsp; <BR>
18-Sep-2020   15:32 Hrs IST Asian markets end mostly higher on Friday <p align="justify">Asian markets ended mostly higher on Friday, despite slump in Wall Street overnight following Federal Reserve Chairman Jerome Powell's dour economic outlook along with lackluster US economic data. Data showed that the number of Americans applying for unemployment benefits fell last week to 860,000. Chinese shares ended higher on expectations of fresh supportive measures to boost the virus-ravaged economy, with the Chinese yuan holding on to recent gains against the dollar. Japanese shares ended slightly up amid yen's weakness after data showing the key inflation gauge in the country went negative again last month. Further, optimism surrounding Japan's new Prime Minister Yoshihide Suga's policies also offered some support. <p align="justify"><table width="100%" border="1" cellspacing="1" cellpadding="1"><tbody><tr><td><p align="justify"><strong>Asian</strong> <strong>Indices</strong></p></td><td><p align="justify"><strong>Last Trade&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </strong></p></td><td><p align="justify"><strong>Change in Points</strong></p></td><td><p align="justify"><strong>Change in %</strong></p></td></tr><tr><td><p align="justify">Shanghai Composite</p></td><td><div>3,338.09</div></td><td><div>67.65</div></td><td><div>2.07</div></td></tr><tr><td><p align="justify">Hang Seng</p></td><td><div>24,455.41</div></td><td><div>114.56</div></td><td><div>0.47</div></td></tr><tr><td><p align="justify">Jakarta Composite</p></td><td><div>5,059.22</div></td><td><div>20.82</div></td><td><div>0.41</div></td></tr><tr><td><p align="justify">KLSE Composite</p></td><td><p align="justify">1,506.63</p></td><td><p align="justify">-6.44</p></td><td><p align="justify">-0.43</p></td></tr><tr><td><p align="justify">Nikkei 225</p></td><td><div>23,360.30</div></td><td><div>40.93</div></td><td><div>0.18</div></td></tr><tr><td><p align="justify">Straits Times</p></td><td><div>2,497.71</div></td><td><div>-3.07</div></td><td><div>-0.12</div></td></tr><tr><td><p align="justify">KOSPI&nbsp;Composite</p></td><td><div>2,412.40</div></td><td><div>6.23</div></td><td><div>0.26</div></td></tr><tr><td><p align="justify">Taiwan Weighted</p></td><td><div>12,875.62</div></td><td><div>2.88</div></td><td><div>0.02</div></td></tr></tbody></table><p align="justify"></p>
18-Sep-2020   10:35 Hrs IST Asian markets trade mostly higher in early deals on Friday
18-Sep-2020   08:06 Hrs IST US markets end lower amid worries about economic outlook
17-Sep-2020   15:53 Hrs IST Asian markets end in red on Thursday
17-Sep-2020   11:03 Hrs IST Asian markets trade in red in early deals on Thursday
17-Sep-2020   08:13 Hrs IST US markets end mostly lower on Wednesday
16-Sep-2020   15:47 Hrs IST Asian markets end mostly lower on Wednesday
16-Sep-2020   11:07 Hrs IST Asian markets trade mixed in early deals on Wednesday
16-Sep-2020   08:10 Hrs IST US markets end higher on Tuesday