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

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

Hong Kong stocks sink to lowest since December 2011 as rate increases dent market confidence, heighten recession worries

“We expect equity markets to continue to remain under pressure with tighter policy,” said Ray Sharma-Ong, investment director for multi-asset solutions at abrdn. “Higher restrictive rates, slows demand and results in demand destruction, causing corporate earnings growth to decline.” The Fed raised its target interest-rate range to between 3 and 3.25 per cent late Wednesday, … 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

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 mixed ahead of latest US jobs data

BEIJING — Asian stock markets were mixed Friday ahead of US jobs data that might influence Federal Reserve plans for more interest rate hikes to cool surging inflation. The Nikkei 225 NIK, -0.04% in Tokyo lost 0.1%. The Hang Seng HSI, -0.62% in Hong Kong fell 0.6% while the Shanghai Composite Index SHCOMP, +0.28% added … Read more

Asian markets mostly higher as markets await Friday’s speech from Fed’s Powell

TOKYO — Asian shares were mostly higher Thursday as Wall Street and global markets wait for a highly anticipated speech from the US Federal Reserve chair about interest rates at the end of the week. Market watchers say share prices were likely to sway for some time, regardless of whether the focus was on controlling … Read more

Asian markets fall on Fed worries after Wall Street’s sell-off

TOKYO — Asian shares were trading lower Tuesday, echoing a broad sell-off on Wall Street amid speculation about another interest rate raise from the US Federal Reserve. Benchmarks in Asia slide across the region in morning trading, including Japan, China, South Korea and Australia. The latest market slide comes as investors grapple with uncertainty over … Read more

Asian markets mostly higher, echoing Wall Street’s rebound

TOKYO — Asian shares mostly rose Tuesday after a rebound on Wall Street, despite regional investor risks reflected in negative economic data out of China. Falling oil prices are one positive factor for the region. In Japan, recent economic data have shown a recovery, but high rates of COVID-19 are fueling fears people will hold … Read more