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Asian stocks sink for 2nd day after Wall Street slideBEIJING (AP) — Asian stocks fell further Friday after Wall Street slid on recession fears, putting markets in Shanghai, Tokyo and Sydney on track to end 2018 down more than 10 percent. Tokyo's Nikkei 225 index fell 1.9 percent and the Shanghai Composite Index lost 0.9 percent. The Chinese market is 2018's worst performer, down nearly 25 percent for the year. Stocks usually end the year with a flourish. But investors worry global economic growth is cooling and the U.S. could slip into a recession in the next few years. Interest rate hikes will do that. Government shutdown along with interest rates could sink dow to a new low even lower than yesturday.
Source: AP - 🏆 728. / 51 Read more »
Asian stocks poised for gains after Wall Street skyrocketsIn market action overnight stateside, stocks saw major gains as the Dow Jones Industrial Average soared 1,086.25 points — its largest single-day point gain in history. Thanks a lot Obamas for raising the stock market. Dead cat bounce or V bottom?
Source: CNBC - 🏆 12. / 72 Read more »
Asian stocks trade cautiously following Wall Street turbulenceIn overnight market action stateside, stocks added to strong gains seen on Wednesday following a wild session which saw the Dow Jones Industrial Average drop more than 600 points at its intraday low.
Source: CNBC - 🏆 12. / 72 Read more »