Investors look at stock prices on a screen at a securities company in Beijing on August 15, 2019. NICOLAS ASFOURI / AFPAsian markets sank Thursday after the Dow suffered its worst day of the year as fears of a global recession mounted with investors fleeing equities.
“The Japanese stock market is sliding against the backdrop of sharp falls in US shares,” Okasan Online Securities said in a note. Coming on the back of an intensifying US-China trade war that shows no signs of resolution, the flight to bonds signalled the growing fears of a global recession. Weeks of pro-democracy protests in Hong Kong have added to the climate of uncertainty, with Beijing referring to the increasingly violent demonstrations as “terrorism”, stoking fears of a Chinese crackdown.
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Investors lose N109bn to depreciation in MTN, other stocks – Daily TrustPrice depreciation in MTNN (-1.3%), GUARANTY (-2.1%) and FBNH (-6.1%) made investors to lose N109 billion as market capitalisation fell to N13.2 trillion at the close of trading on the Nigeria Stock Exchange (NSE) yesterday. The benchmark index went southwards as the All Share Index (ASI) closed 82bps lower to settle at 27,083.11 points while …
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