Stocks slump to 2-year low as rates reality bites

A man is silhouetted in front of a board displaying the Japanese yen exchange rate against the US dollar outside a brokerage, after Japan intervened in the currency market for the first time since 1998 to shore up the battered yen, in Tokyo, Japan September 22, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access … Read more

Asian markets slide as recession risks remain high

People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik/File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, Sept 16 (Reuters) – Asian markets sold off sharply on Friday and Europe looked set to follow as investors … Read more

Asian markets gain, investors anxious for US rate hike clues

Pedestrians wait to cross a road at a junction near a giant display of stock indexes in Shanghai, China August 3, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 25 (Reuters) – Asian share markets were broadly positive while the dollar was slightly weaker on Thursday, with investors … Read more

Stocks skid, dollar holds steady as market mood darkens

European share benchmark hits four week low Fed seen sticking to hawkish tone – analysts US peak rate expectations creep higher, dollar gains Fresh wobbles hit China property stocks SINGAPORE/HONG KONG, Aug 24 (Reuters) – Stock markets slid on Wednesday and the dollar held firm to its recent gains as investor sentiment was hurt by … Read more

Chinese battery giant CATL posts strong Q2 profit on robust EV sales

People walk past the R&D center of Contemporary Amperex Technology Ltd (CATL) in Ningde, Fujian province, China, December 16, 2016. REUTERS/Jake Spring Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 24 (Reuters) – CATL (300750.SZ), the world’s largest electric vehicle (EV) battery manufacturer, more than doubled its profit in the second quarter … Read more

Markets can’t get no relief

Coins and a banknote of China’s yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 24 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Expect another jittery session for Asian markets on Wednesday, after Wall … Read more

Samsung unveils new foldable smartphones, seeking to keep lead in growing market

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, April 4, 2016. REUTERS/Kim Hong-Ji/File Photo Register now for FREE unlimited access to Reuters.com Register SEOUL, Aug 10 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in … Read more

As the US eyes new China chip curbs, turmoil looms for the global market

Any US export block may affect global chip supply – analysts Move would hinder Samsung, SK Hynix upgrading China plants Samsung, SK Hynix together supply over 50% of global NAND chips Curbs could change where future chip plants are built -analyst SEOUL, Aug 3 (Reuters) – Export restrictions being considered by Washington to halt China’s … Read more

Shares rally as markets but on more gradual rate hikes

Passersby wearing protective face masks walk in front of an electronic board showing Japan’s Nikkei share average, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan July 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register SINGAPORE, July 29 (Reuters) – Asian stocks took their cue on Friday from a late … Read more

Asian shares weaken as traders eye central banks’ rate plans

A man holding an umbrella is silhouetted as he walks in front of an electric monitor displaying the Japanese yen exchange rate against the US dollar and Nikkei share average in Tokyo, Japan July 14, 2022 REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register European futures fall, US futures slightly higher Tech … Read more