Asia stocks hover below nine-month high after Wall Street stalls

  • 📰 Reuters
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Asian stocks hovered below a nine-month high on Tuesday after disappointing bank...

TOKYO - Asian stocks hovered below a nine-month high on Tuesday after disappointing bank earnings dented Wall Street, though recent signs that the global economy is likely to avoid a sharper downturn helped limit the losses.

The Shanghai Composite Index lost 0.1 percent. South Korea’s KOSPI fell 0.1 percent, Australian stocks added 0.5 percent.“The equity markets are facing some headwinds after their recent large gains,” said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management. Wall Street lost ground on Monday, dragged down as underwhelming bank earnings curbed investor enthusiasm. But while all three major U.S. stock indexes edged lower, the S&P 500 remained within a percent of its record high. [.N]

Spot gold was a shade lower at $1,286.21 an ounce and headed for its fourth straight days of losses. [GOL/] The dollar, which tends to underperform when risk appetite increases, was steady at 96.980 against a basket of six major currencies, extending overnight losses.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Personally I think there’s something inherently dishonest about US stocks. Creepy.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

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 hover below nine month peak after Wall Street stallsAsian stocks hovered below a nine-month peak on Tuesday after disappointing bank...
Source: Reuters - 🏆 2. / 97 Read more »

Guggenheim says next recession will be less severe — but the ensuing stock market fall will be brutalEven though the next recession is likely to be shallow, stock-market investors will nurse some hefty losses in the next downturn, says Guggenheim
Source: MarketWatch - 🏆 3. / 97 Read more »

Uber IPO; Central banks in focus; Delta earningsCNN's ChristineRomans has the day's top business headlines before the opening bell on Wall Street ChristineRomans Why do people still watch these fools ChristineRomans I get it. Make money only if u have money ChristineRomans
Source: CNN - 🏆 4. / 95 Read more »