KOSPI Jumps Above 5% as Chipmakers Rebound, Triggering a Buy Sidecar in Seoul
South Korea’s stock market lurched sharply higher on Tuesday. The benchmark KOSPI jumped more than 5% at the open as chipmakers rebounded from a punishing...
Tag : Asian markets
Bank of Japan Holds at 1.25% but Says Inflation Is at Target, Keeping December Hike in Play
The Bank of Japan left interest rates unchanged on Friday. In the same breath it said that inflation has reached its target, a message that...
Global Stocks Climb as Chip Rally Extends Ahead of Fed Decision and Big Tech Earnings
Global equities pushed higher into midweek as a rally in chip stocks spread across continents. That sets a cautiously upbeat tone ahead of two events...
Wall Street Heads Into Fed Week on a Winning Note as Asian Chip Stocks Surge
Global equities are entering one of the busiest weeks of the year with some momentum. The Dow Jones Industrial Average added 146.42 points, or 0.28%,...
China’s Economy Grows 4.5% in Third Quarter, Beating Forecasts but Leaving Weak Demand Unresolved
China’s economy gained speed in the third quarter, growing 4.5% from a year earlier and beating forecasts. The figures from the National Bureau of Statistics,...
Wall Street Slides as Treasury Yields and Oil Climb, Dragging Asian Markets Lower
Wall Street ended lower on Monday as a fresh climb in Treasury yields and a spike in oil prices revived worries about inflation and further...