Markets in Asia apart from Shanghai’s are broadly higher, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020
By ELAINE KURTENBACH AP Business Writer Markets in Asia apart from Shanghai’s were broadly higher Monday, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020. Oil prices fell while U.S. futures advanced. Hong Kong’s Hang Seng led the region, gaining 1.6% to 16489.08.
Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
Asian markets mostly rose Tuesday, with hopes for earnings this week from tech titans helping to offset worries about the Federal Reserve's interest rate plans ahead of the release of key US growth and inflation data.The apparent easing of Iran-Israel tensions after the rivals launched missile attacks against each other continued to weigh on oil prices, while the yen inched slightly higher as Japan again warned authorities had the room to intervene to support the currency.Investors are a little...
Asian stocks rose on Wednesday, tracking Wall Street, as an after-hours surge in shares of EV maker Tesla following its promise of new models, and upbeat earnings from some US companies lifted risk sentiment. The yen was rooted near 34-year lows, keeping traders wary of possible intervention from Tokyo. MSCI’s broadest index of Asia-Pacific shares […]
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Shares in Meta plunged on Wednesday after the US tech giant revealed plans
Stock indexes in the United States were up in the premarket on Monday with the earnings season slowly heating up over the course of the week. The biggest name to report its quarterly figures today wil
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Data showing the scale of pesticide residues on food have been published by the European Food Safety Authority (EFSA). 110,829 food samples were collected
Shares of General Motors increased by nearly 5% Tuesday morning following the announcement of better-than-expected first-quarter earnings. The automotive company also raised its full-year predictions and reported a reduction in the cost of batteries for its electric vehicles. The company announced that its earnings per share for the first quarter increased by 18.5% to $2.62, while its revenue grew nearly 8% to $43.01 billion. Analysts had predicted earnings of $2.13 per share with sales...
Shares of ICICI Lombard rose over 3% on Thursday after the company reported a 19% year-on-year increase in net profit for the fourth quarter of FY24. Despite this bullish sentiment, some brokerages expressed reservations regarding the stock's potential for continued growth.They have maintained target prices in the range of ₹1,760 to ₹1,990 per share.BrokerageCallTarget price CLSAUnderperform₹1,760HSBCBuy₹1,990JefferiesBuy₹1,950MSOverweight₹1,850Brokerage firm CLSA's downgrade to 'Underperform'...