Asian markets sink on German inflation, British tax cuts

BEIJING — Asian stocks sank again Friday after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened. The Nikkei 225 NIK, -2.07% in Tokyo fell 1.8%. The Hang Seng HSI, -0.07% in Hong Kong was about flat while the Shanghai Composite Index SHCOMP, -0.21% … Read more

Asian markets follow Wall Street higher after UK calms markets

BEIJING — Asian stock markets followed Wall Street higher Thursday after Britain’s central bank moved forcefully to stop a budding financial crisis. The Shanghai Composite Index SHCOMP, +0.27% rose 0.83 and the Nikkei 225 NIK, +0.73% in Tokyo gained 0.4%. The Hang Seng in Hong Kong HSI, +1.14% jumped 1%. The Kospi 180721, +1.19% in … Read more

Morgan Stanley says investors should consider this port in the market storm right now

The great British pound selloff, credited with exacerbating a global rout for markets last week, looks set to continue wreaking some havoc on Monday. Economic woes in Old Blighty are adding to the markets’ growing list of anxieties, driving more investors into the dollar and out of perceived riskier assets such as US stocks and … Read more

Asian markets slide for the third day in a row on global recession fears

BEIJING — Asian stocks fell for a third straight day Friday after more rate hikes by the Federal Reserve and other central banks to control persistent inflation spurred fears of a possible global recession. The Shanghai Composite Index SHCOMP, -1.08% dropped 0.9% and Hong Kong’s Hang Seng HSI, -0.86% lost 0.7%. The Kospi 180721, -1.48% … Read more

Asian markets pull back ahead of Fed decision on interest rates

TOKYO — Asian shares mostly declined Wednesday as investors looked ahead to a widely expected interest rate hike by the US Federal Reserve as it works to squash the highest inflation in decades. Japan’s benchmark Nikkei 225 NIK, -1.37% dipped 1.4% in morning trading. Australia’s S&P/ASX 200 XJO, -1.42% dropped 1.4% while South Korea’s Kospi … Read more

‘Black Wednesday’ was 30 years ago — What the British pound has done since then

It was 30 years ago Friday that the British pound got smacked out of Europe’s exchange-rate mechanism, George Soros became a household name, and John Major’s government was left embarrassed in an episode known as “Black Wednesday.” Commentators were emphasizing the historic echoes three decades later as the British pound on Friday extended its stumble … Read more

Asian markets follow Wall Street lower amid inflation pressure

BEIJING — Asian stock markets followed Wall Street lower on Friday after higher-than-expected US inflation dashed hopes the Federal Reserve might ease off more interest rate hikes. The Nikkei 225 NIK, -1.02% in Tokyo fell 1.1%. The Hang Seng HSI, -0.42% in Hong Kong retreated 0.5%, while the Shanghai Composite index SHCOMP, -0.96% lost 1%. … Read more

Asian markets dive lower after Wall Street slammed by inflation data

Asian markets skidded lower on Wednesday after Wall Street fell the most since June 2020 as a report showed inflation has kept a surprisingly strong grip on the US economy. Tokyo’s benchmark Nikkei 225 NIK, -2.11% lost 2.2% in early trading Wednesday, while Sydney’s S&P/ASX 200 XJO, -2.57% declined 2.6%. In Seoul, the Kospi 180721, … Read more

US inflation slows again due to cheaper gas, CPI shows. Yet prices soar for almost everything else

The numbers: Falling gasoline prices last month delivered a second low US inflation reading in a row as the consumer price index rose by just 0.1% in August. But the report also shows inflation has spread more broadly through the economy and is set to spur the Federal Reserve to sharply raise interest rates again. … Read more

Asian markets rise on the back of Wall Street’s Friday rally

Shares rose Monday in Asia after last week’s strong close on Wall Street snapped a three-week losing streak. Many regional markets were closed for holidays, while Tokyo and Sydney advanced. Oil prices declined. Investors are watching for US inflation figures and Chinese economic data this week. The US Labor Department will release its report on … Read more