Major share indices were deep in the red in Asia on Monday as fears the United States could be heading for recession triggered mass risk aversion and wagers interest rates will have to fall sharply, and quickly, to support growth. Investors stared where they finished on Friday by knocking Nasdaq futures down 1.28%, while S&P 500 futures dropped 0.79%. Treasury futures were off 5 ticks, but that followed a huge rally on Friday where yields dived 18 basis points to the lowest since November.
Recession fears are gripping the market. Warren Buffett's Berkshire halved its Apple stake. Nvidia reportedly has delayed its next AI chip.One dead in motorcycle crash on Milwaukee's east sideOTTAWA — Canada's Foreign Affairs Minister Melanie Jolie and her G7 counterparts have issued a joint statement calling for a de-escalation of tensions in the Middle East.ANAHEIM, Calif.
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:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia Chip Stocks Rally on Report US Allies Exempted From Curbs(Bloomberg) -- Tokyo Electron Ltd. led a rally in Asian chip stocks after Reuters reported the Biden administration planned to exempt chip equipment makers...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Oil slips, Asia stocks dip ahead of Fed, BOJOil traded near seven-week lows on Tuesday as a softening demand outlook weighed on commodities, while bond, currency and stock markets traded cautiously...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks look for recovery, Southwest makes major changes: Yahoo FinanceWall Street is searching for gains this morning following the Nasdaq's (^IXIC) worst trading day since 2022. The Nasdaq fell 3.6%, dragged down by...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asia snaps losing streak as chip stocks bounceAsian stocks bounced from one-month lows on Tuesday, with Taiwan's market snapping a five-day losing streak as semiconductor shares took a lead from a Wall...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asia stocks wary; Wall St unfazed as Biden bows outAsian shares tread cautiously on Monday ahead of a packed week of corporate earnings that should test the sky-high valuations of tech stocks, while investors...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asia stocks fall on tech rout contagion, global uncertaintyAsian shares are set to end the week on a sour note, as uncertainty across the geopolitical landscape and in major economies added to headwinds for investors...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »