MARKETS in Asia skidded after an inversion of the US yield curve during Wednesday's session on Wall Street stoked recession fears further after less than desirable economic data from China, Germany and the eurozone.
Elsewhere in the Asia-Pacific, shares in Australia, China, Hong Kong, Japan and Malaysia dropped, but South Korea bucked the trend adding 0.7 per cent. Across the market, decliners trumped advancers 274 to 103. The bluechip index had 20 of the 30 counters in trading in the red.
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Singapore stocks: STI resumes Wednesday afternoon at 3,156.81, up 0.3% on dayTHE local equities market, like its global peers, faced a relief rebound on Wednesday on news that Washington delayed tariffs on certain Chinese imports. While China's data dump for July disappointed, sentiment was little dented for market participants who have had to contend with recent political and economic worries. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore stocks: STI resumes Wednesday afternoon at 3,156.81, up 0.3% on dayTHE local equities market, like its global peers, faced a relief rebound on Wednesday on news that Washington delayed tariffs on certain Chinese imports. While China's data dump for July disappointed, sentiment was little dented for market participants who have had to contend with recent political and economic worries. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »