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Asian Shares Mostly Lower On Recession Fears
Asian stocks ended mostly lower on Tuesday after Wall Street entered the bear market on fears that aggressive rate tightening by the Federal Reserve would push the world's largest economy into recession.
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European Shares Seen Up At Open As US Futures Rebound
European stocks are likely to open higher on Tuesday as U.S. stock futures climbed after Monday's rout.
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European Economics Preview: UK Unemployment Data Due
Unemployment from the UK and economic confidence from Germany are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is set to issue UK labor market statistics for three months to April. The jobless rate is forecast to fall slightly to 3.6 percent from 3.7 percent the preceding period.
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Sensex Down 260 Points In Early Trade; Nifty Nears 15,700
Indian shares opened lower on Tuesday to extend losses from the previous session as market participants braced for tougher forward guidance from the Federal Reserve at Wednesday's meeting.
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Asian Markets Continue Plunge On Global Sell-off
Asian stock markets are trading mostly lower on Tuesday, extending the sell-off in the previous session, following the broadly negative cues from the global markets overnight, as rising worries about global economic slowdown, higher bond yields and looming aggressive interest rate hikes triggered heavy selling across the board. The Asian markets closed mostly sharply lower on Monday.
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Sensex, Nifty Set To Extend Losses Amid Global Selloff
Indian shares look set to follow global peers lower on Tuesday amid growing bets that the Federal Reserve may increase rate by 75 bps in one of the meetings in the summer.
The Federal Reserve is scheduled to announce its latest monetary policy decision on Wednesday, with market participants bracing for tougher forward guidance in an effort to combat inflation.
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Continued Consolidation Expected For Thai Stock Market
The Thai stock market has finished lower in back-to-back sessions, sinking more than 40 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,600-point plateau and it's looking at another weak lead for Tuesday's trade.
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Japanese Market Sharply Lower
The Japanese stock market is sharply lower on Tuesday, extending the losses in the previous session, with the Nikkei 225 down 600 points to fall below the 26,400 level, following the negative cues from the global markets overnight, with weakness across most sectors amid the strong prospects the US Fed aggressively raising interest rates at its meeting on Wednesday to combat persistent inflation.
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Indonesia Stock Market Likely To Open Under Pressure
The Indonesia stock market has tracked lower in three straight sessions, surrendering almost 200 points or 2.9 percent along the way. The Jakarta Composite Index now rests just beneath the 7,000-point plateau and it may take further damage on Tuesday.
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Australian Market Tumbles After Holiday
The Australian stock market is tumbling on Tuesday after the long weekend, extending the losses in the previous session, with the benchmark S&P/ASX 200 falling below the 6,600 level, following the broadly negative cues from the global markets overnight, with a sell-off seen across all sectors amid the strong prospects the US Fed aggressively raising interest rates at its meeting on Wednesday.
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Lower Open Anticipated For Hong Kong Stock Market
The Hong Kong stock market has moved lower in three straight sessions, sinking almost 950 points or 4.3 percent along the way. The Hang Seng Index now rests just above the 21,065-point plateau and it's looking at another soft start again on Tuesday.
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China Stock Market May Extend Monday's Losses
The China stock market has finished lower in two of three trading days since the end of the four-day winning streak in which it had gathered more than 80 points or 2.6 percent. The Shanghai Composite Index now sits just above the 3,255-point and it may take further damage on Tuesday.
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Taiwan Bourse May Test Support At 16,000 Points
The Taiwan stock market has finished lower in three straight sessions, slumping more than 600 points or 3.7 percent along the way. The Taiwan stock Exchange now rests just above the 16,070-point plateau and it's expected to extend its losses on Tuesday.
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Před 875 dny
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