Asian shares fall amid interest rate, earnings worries

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 99%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Asian shares declined Monday after U.S. stocks ended last week on a tumble as global markets' expectations for higher interest rates continued to set the tone.

Japan's benchmark Nikkei 225 lost 1.9% in morning trading to 26,583.70. South Korea's Kospi slipped 1.6% to 2,661.94. Hong Kong's Hang Seng dropped 2.8% to 20,064.32, while the Shanghai Composite shed 2.4% to 3,012.93. Trading was closed in Australia for Anzac Day, a national holiday.

But a significant show from contender Marine Le Pen, a populist and nationalist, served as a reminder of how fragile that situation might be, analysts said. Le Pen pledged to dilute French ties with the EU, NATO and Germany, and spoke out against EU sanctions on Russian energy supplies. Investors are also watching profit reports from companies, including Japanese big names that are coming in weeks ahead. Several reports from U.S. companies, which have already been released, have been disappointing, contributing to the fall that ended last week on Wall Street.

The S&P 500 fell 2.8% Friday to 4,271.78, marking its third losing week in a row. The Dow dropped 2.8% to 33,811.40, its biggest drop in 18 months. The Nasdaq lost 2.6%, closing at 12,839.29. The Dow and Nasdaq also posted losses for the week.“Coming after the heavy sell-off in Wall Street to end last week, overall risk appetite in the region may come under pressure as well,” said Yeap Jun Rong, market strategist at IG in Singapore.

 

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

Keep falling this great news for small people like me.

Respected Sir SeanFraserMP Kindly start the processing of caregiverspilotprogram applications, 18869 Canadian Employers, Applicants & Family Members are suffering & waiting their result since 2019 CitImmCanada jasrajshallan OMNIpunjabi JennyKwanBC JustinTrudeau CBCNews

Pretty racist CTV

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:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines

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

Housing market slowing rapidly amid interest rate hikesICYMI: Housing market slowing rapidly amid interest rate hikes — via financialpost Housingmarket RealEstate Mortgages Economy financialpost Save your down payment for when it collapses then interest rates go down again! You'll have your opportunity
Source: nationalpost - 🏆 10. / 80 Read more »

Housing market slowing rapidly amid interest rate hikesICYMI: Housing market slowing rapidly amid interest rate hikes — via financialpost Housingmarket RealEstate Mortgages Economy financialpost File this under 'Huh, go figure.' financialpost Not the narrative coming from any RE co.
Source: VancouverSun - 🏆 49. / 61 Read more »

Market bets on another jumbo interest rate hike in JuneICYMI: Market bets on another jumbo interest rate hike in June — via financialpost Economy interestrate inflation financialpost So world wide lockdowns where even stupider add another failure to it financialpost I doubt it!
Source: nationalpost - 🏆 10. / 80 Read more »