Singapore stock market bounces on Fed's bumper boost

The Nikkei, which jumped 7 per cent, was given an extra lift by a Bank of Japan decision to embark on its own massive bond-buying scheme.

"The biggest trigger for positive sentiment in these markets will be a flattening of the trajectory for the virus," he told Reuters by phone from Melbourne. "The falls that we have seen have been breathtaking, and it is the speed of those declines that have caught people by surprise," he said. It lost almost 4 per cent against the Australian dollar, 3 per cent against the New Zealand dollar and more than 1 per cent to the South Korean won, Russian ruble and Turkish lira.The weaker dollar also helped lift crude, which has been hammered to multi-year lows by a crash in demand owing to the global lockdown as well as a price war between producers Saudi Arabia and Russia.

黃金一樣跌

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks rebound, Fed pits endless QE against economic realityAsian stocks were set to rally on Tuesday as the U.S. Federal Reserve's sweeping pledge to spend whatever it took to stabilize the financial ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asia stocks rally, Fed launches limitless QE against economic realityAsian stocks rallied on Tuesday as the U.S. Federal Reserve's promise of bottomless dollar funding eased painful strains in financial markets, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asia stocks set to rally as Fed goes limitlessAsian stocks were set to rally on Tuesday as the U.S. Federal Reserve's sweeping pledge to spend whatever it took to stabilize the financial ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »