Stocks stumble as 'dollar juggernaut' on a roll

Passersby are reflected on an electric stock quotation board outside a brokerage in TokyoSINGAPORE - Asia's stockmarkets dipped on Friday, with tech shares tumbling on deepening Sino-U.S. tensions, while the dollar was set to seal its longest winning streak in nine years as investors braced for U.S. interest rates to stay higher for longer.

Shares in Taiwan's TSMC, a big Apple supplier, fell 1% at the open. Shares in South Korea's SK Hynix, whose chips some users have found in China's Huawei Technologies' new phone, fell as much as 4.5% to a two-week low."China’s partial ban on Apple products put trade wars and U.S.-China decoupling back on the agenda," said Capital.com analyst Kyle Rodda. "The ban is narrow in scope...however, it illustrated the two-way costs and risks of de-coupling.

That in turn has unleashed the dollar, which is up for an eighth straight week against a basket of currencies, a rally that has carried the U.S. currency index more than 5% higher. The yen has found new 10-month lows and, at 147.13 per dollar is heading towards the vicinity of 150, where traders see high risks of authorities stepping in with support.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Asia stocks fall as global growth concerns mountBy Kane Wu HONG KONG (Reuters) - Asia stocks fell on Wednesday after weak economic data in China and Europe heightened concerns over global growth, ...
Herkunft: SaltWire Network - 🏆 45. / 63 Weiterlesen »

Asia stocks fall as global growth concerns mountAsia stocks fell on Wednesday after weak economic data in China and Europe heightened concerns over global growth, while the dollar firmed as investors weighed the outlook for U.S. interest rates. The Hang Seng Index and China's benchmark CSI300 Index both opened down about 0.3%. A private-sector survey on Tuesday showed China's services activity expanded at the slowest pace in eight months in August, reflecting weak demand.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Asia Stocks Under Pressure, Dollar Strengthens: Markets WrapAsian equity futures drifted lower as US stocks fell following economic data that exceeded forecasts, bolstering the case for the Federal Reserve to keep interest rates elevated for longer.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

Asia Stocks Under Pressure, Dollar Strengthens: Markets Wrap(Bloomberg) -- Asian equity futures drifted lower as US stocks fell following economic data that exceeded forecasts, bolstering the case for the Federal Reserve to keep interest rates elevated for longer.Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderStocks Retreat After Hot ISM Fuels Fed-Hike Wagers: Markets WrapFed Set to Double Its Economic Growth Forecast After Strong US DataSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackChina Slowdow
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Asia stocks slide on U.S. rate worries, dollar ascendantAsian stocks sank on Thursday, extending global equity declines after new signs of sustained inflationary pressures in the United States boosted the case for elevated interest rates for longer. The U.S. dollar hung close to the highest since mid-March against major peers, and touched a fresh 10-month top to the yen.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Asia stocks slide on U.S. rate worries, dollar ascendantBy Kevin Buckland TOKYO (Reuters) - Asian stocks sank on Thursday, extending global equity declines after new signs of sustained inflationary pressures ...
Herkunft: SaltWire Network - 🏆 45. / 63 Weiterlesen »