Investing.com-- Asian stocks fell sharply on Monday, extending last week’s losses amid growing fears of a U.S. economic slowdown, with Japanese markets set to enter a bear market from their July record highs.
Japanese stocks were battered by a mix of heavy profit-taking- with foreign investors pulling out en-masse as the Japanese yen appreciated sharply. The reading helped slightly improve sentiment towards China after dismal readings on the manufacturing sector last week.Broader Asian markets tumbled as appetite for risk-driven stocks was dented by the prospect of worsening economic conditions. Safe havens such as the Japanese yen and gold saw inflows.tumbled 5.5%, notching extended losses on weakness in technology stocks. The sector was battered by a mix of profit-taking and middling earnings from major U.S. tech firms.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks tread water amid mixed Chinese, Japanese inflationAsian stocks tread water amid mixed Chinese, Japanese inflation
Source: Investingcom - 🏆 450. / 53 Read more »
Stock market today: Asian stocks mixed with volatile yen after Wall Street rises on inflation reportAsian stocks are mixed, with the Japanese yen losing some of its gains after the latest U.S. update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September. U.S. futures and oil prices rose in Friday trading. The dollar lost 2.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian stocks mixed with volatile yen after Wall Street rises on inflation reportAsian stocks are mixed, with the Japanese yen losing some of its gains after the latest U.S. update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian stocks mixed with volatile yen after Wall Street rises on inflation reportAsian stocks are mixed, with the Japanese yen losing some of its gains after the latest U.S. update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian stocks mostly fall, Euro drop on French election outcomeAsian stocks mostly fall after U.S. stocks rose to more records Friday boosted by a highly anticipated report on the job market. U.S. futures and oil prices decline. The euro climbed above $1.08, while the gains were tempered by the surprising results of the French parliamentary elections. The S&P 500 climbed 0.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian stocks mostly fall, Euro drop on French election outcomeAsian stocks mostly fall after U.S. stocks rose to more records Friday boosted by a highly anticipated report on the job market.
Source: ksatnews - 🏆 442. / 53 Read more »