Emerging-Market Stocks Rebound in Asia From $1.2 Trillion Slump

-- Emerging-market stocks rebounded in early Tuesday trading from a technology-led selloff that had erased $1.2 trillion of shareholder wealth, with the worst-hit exchanges including Taiwan and South Korea partially recouping the previous day’s losses.Africa’s Richest City Needs $12 Billion to Fix Infrastructure

The selloff on Monday sent the MSCI stocks gauge below its 200-day moving average for the first time since January, and wobbles continued into Tuesday. Among information-technology stocks, one out of every three shares dropped.Monday’s declines had wiped out $927 billion from the combined market capitalization of EM stocks, adding to the $288 billion lost at the end of last week, according to data compiled by Bloomberg.

Local-currency bonds, however, posted advances on Monday. The Bloomberg gauge for the asset class rose for a sixth day to the highest level since March 2022.Conor Gallagher was Chelsea’s identity crisis in human form

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.

Stocks rebound, housing market tips: Market Domination OvertimeIn today's episode of Market Domination Overtime, hosts Josh Lipton and Julie Hyman dive into the most prominent dynamics leading stocks and the US housing...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: US stocks set for rebound after key Fed-watched inflation dataInvestors are looking to the Fed-favored inflation data to calibrate the timing and depth of rate cuts.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: US stocks set for rebound as investors wait for key inflation dataInvestors are looking to the Fed-favored inflation data to calibrate the timing and depth of rate cuts.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Emerging-market stocks have longest selloff in year on tech routEmerging-market stocks headed for the longest streak of losses in almost a year as rising fears of a trade war between the U.S. and China hit Asian tech companies.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stock market news today: S&P 500 futures jump as techs rebound in countdown to FedA tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Tech stock rebound, Biden 2024 exit: Market Trends of the DayAfter coming under pressure last week, tech stocks have picked back up, leading all three major indexes (^DJI,^GSPC, ^IXIC) to close higher in Monday's...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »