-- A global equity selloff gripped emerging markets Monday as shares in the technology hubs of Taiwan and South Korea plunged, leading the broad MSCI benchmark for the asset class down by the most in more than two years.The MSCI Emerging Markets Index dropped 4.2% as of 8:42 a.m. in London, the biggest loss since February 2022. That took the gauge’s two-day decline to 6.6%, the worst since the Covid panic of March 2020. Monday’s losses pushed the benchmark to erase its 2024 gains.
Asian stocks set the tone Monday. The Taiex Index fell 8.4%, capping its biggest losses since at least 1967, as the flagship of the developing world’s artificial-intelligence ambitions, Taiwan Semiconductor Manufacturing Co., sank more than 9%. All the subgroups in the EM stocks benchmark fell on Monday. The gauge extended its losses since a peak on July 11 to 9.6%.As Middle Eastern markets opened and pre-market trading began in Europe, signs were that the rout will spread to other parts of emerging markets.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Emerging-market stocks have longest selloff in year on tech routEmerging-market stocks headed for the longest streak of losses in almost a year as rising fears of a trade war between the U.S. and China hit Asian tech companies.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »
BlackRock bullish on U.K. stocks after elections, Japan stocks are top playBlackRock Investment Institute said in a mid-year outlook report that the prospect of higher-for-longer interest rates made inflation-linked bonds attractive
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »
Stocks close Friday lower after CrowdStrike outages hit techThe Dow Jones Industrial Average (^DJI) closed Friday over 0.9% lower — over 370 points — with the Nasdaq Composite (^IXIC) and S&P 500's (^GSPC) intraday...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »
Markets today: Stocks struggle as tech outages hit businessesGlobal equities struggled on Friday as worldwide computer systems outages hit travel, trading and banking services, threatening to exacerbate a pullback in technology stocks.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »
Stock market today: Trade worries hit technology stocks, pulling Wall Street lowerNEW YORK (AP) — Wall Street’s record-setting rally ran into a wall as worries about worsening trade tensions with China slammed some of the market’s biggest winners of the year. The S&P 500 was 0.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »
Stock market today: Trade worries hit technology stocks, pulling Wall Street lowerNEW YORK (AP) — Wall Street’s record-setting rally ran into a wall as worries about worsening trade tensions with China slammed some of the market’s biggest winners of the year. The S&P 500 was 0.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »