Japan’s Nikkei index soars nearly 11% a day after massive sell-offs that shook Wall Street | Elaine Kurtenbach / AP Business Writer

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 59%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

Japan’s benchmark Nikkei 225 index closed more than 10 percent higher on Tuesday, a day after it set markets tumbling in Europe and on Wall Street. Other markets in Asia also rebounded, but more moderately, appearing to settle somewhat after the rollercoaster ride that started the week.

Currency traders react near a screen showing the Korea Composite Stock Price Index , top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea on Tuesday, Aug. 6, 2024.

The drops were the latest in a global sell-off that began last week, and it was the first chance for traders in Tokyo to react to Friday’s report showing US employers slowed their hiring last month by much more than economists expected. That was the latest piece of data on the US economy to come in weaker than expected, and it’s all raised fear the Federal Reserve has pressed the brakes on the US economy by too much for too long through high interest rates in hopes of stifling inflation.

Taiwan’s Taiex was up 1.2 percent after plunging 8.4 percent the day before. The Shanghai Composite index, largely bypassed by Monday’s drama, was up just over 1 point, at 2,861.87. Some of Wall Street’s recent declines may simply be air coming out of a stock market that romped to dozens of all-time highs this year, in part on a frenzy around artificial-intelligence technology. Critics have been saying for a while that the stock market looked expensive after prices rose faster than corporate profits.

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:

 /  🏆 19. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stocks, peso sustain gains on positive cues from Wall StreetDefining the News
Herkunft: MlaStandard - 🏆 20. / 55 Weiterlesen »