Grim Milestones Flash Across Asian Stocks as Risk-Off Deepens

-- Asian stocks tumbled at the start of a new week as fears of a deeper US economic slowdown and rising tensions in the Middle East prompted investors to shun risk assets.A Radical Fix for Britain’s Housing Crisis: A New Offshore City

This “feels more like a global equities risk off in general and the profit taking is being done in sectors or geographies that have done well,” said Vey-Sern Ling, managing director at Union Bancaire Privee. “Sentiment toward stocks will likely remain fragile for now as the market debate will likely remain on US soft-landing versus a recession, with the next major labor market report a month out,” said Chetan Seth, an Asia-Pacific equity strategist at Nomura Holdings Inc.China’s CSI 300 Index was little changed; Hong Kong’s Hang Seng Index declines 0.5%; Hong Kong’s Hang Seng China Enterprises Index falls 0.7%South Korea’s Kospi Index declines 5.4%; South Korea’s Kospi 200 Index falls 5.

Global Wrap: A global stocks selloff deepened on Monday as concerns grew that the Federal Reserve is behind the curve with policy support for a slowing US economy, sending investors into the safety of bonds. Japanese shares plunged as traders priced in more domestic rate hikes.

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.

Stock market today: Asian benchmarks are mixed as Tokyo sips on strong yenTOKYO (AP) — Asian shares traded mixed Thursday as Tokyo's benchmark plunged as the U.S. dollar sank against the yen.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares mostly fall ahead of central bank meetingsTOKYO (AP) — Asian shares mostly declined in cautious trading Tuesday ahead of central bank meetings around the world.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian stocks track Wall Street gains ahead of central bank meetingsAsian stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that capped...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022BANGKOK (AP) — Shares were mostly higher in Asia on Friday, with major markets apart from Shanghai and Taiwan logging modest gains.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »