Topic
asian stocks
Finance Asian stocks trade mixed after Fed holds rates; Kospi rallies 4%, Shenzhen slips 300 points
Asian stocks showed mixed performance after the Federal Reserve held interest rates steady. South Korea's Kospi rallied 3.55% while China's Shenzhen declined 2.19%. The Fed's split decision and 30-year treasury yields hitting 19-year highs fueled uncertainty, with the dollar weakening. South Korea's market saw $2 trillion wiped out amid AI sell-off, prompting Finance Minister Koo Yun-cheol to apologize for single-stock leveraged ETFs.
Business Asian stocks cautious as Middle East tensions and Fed rate hike worries grip investors
Asian equities traded cautiously on Monday as lingering Middle East ceasefire uncertainty and expectations of further US interest rate hikes kept investors on the sidelines. Japan's Nikkei fell 1%, South Korea's Kospi dropped nearly 2%, and MSCI's Asia-Pacific index slipped 0.4%. Oil prices rose on supply fears, the dollar hovered near one-year highs, and AI stocks faced renewed pressure from rotation into cyclical sectors.
Business BSE Sensex Rises Over 300 Points, Nifty Holds Above 23,900; FIIs Turn Buyers After 13 Sessions
Indian equity markets opened on a mildly positive note on June 16, with Gift Nifty indicating gains. On the previous session, Nifty rose 231 points to 23,853.90 while Bank Nifty gained 384 points. Foreign institutional investors turned net buyers after 13 consecutive selling sessions, providing support.
Business US-Iran Peace Deal Lifts Markets: Asian Stocks Soar, Dollar Slides to June 5 Low, Oil Tumbles & Gold Jumps 2%
The United States and Iran announced a framework agreement to end their conflict, reopening the Strait of Hormuz and lifting the US naval blockade. Global markets rallied on Monday, with Asian stocks surging, the US dollar falling to a 10-day low, oil prices tumbling over 4%, and gold jumping 2%.