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Asian markets tumbled on Monday after US President Donald Trump escalated tensions with China, threatening last week to impose 100% tariffs on Chinese goods.Hong Kong’s HSI traded at 25,374, down 916 points or 3.49%. Shanghai and Shenzhen also dipped 1.3% and 2.56% respectively. Japan’s Nikkei also traded in red, reaching 48,088, shedding 491 points or…
AI image for representation The TOI correspondent from Washington: The trade war between the United States and China dramatically escalated this week, reaching a new and alarming phase after tit-for-tat export controls that rattled markets even as they were closing on Friday. Barring a pullback by both sides over the weekend, more pain is expected…
The rupee strengthened by 7 paise to close at 88.72 against the US dollar on Friday, buoyed by positive domestic market trends and a broad decline in crude oil prices, PTI reported. Forex traders said the central bank’s intervention also provided support, although a firm US dollar capped sharper gains.The rupee opened at 88.80 and…
US stocks drifted close to record levels on Friday, while oil prices fell sharply following a ceasefire in Gaza, easing concerns over Middle East supply disruptions.The S&P 500 inched up 0.2%, coming off just its second loss in the past ten sessions, while the Dow Jones Industrial Average gained 215 points, or 0.5%. The Nasdaq…
Asian stock markets traded mostly in red on Friday as the week closed, following a mix of positive and worrying developments.In Hong Kong, HSI fell 304 points or 1.14%, reaching 26,447. Shanghai and Shenzhen also traded in red shedding 0.51% and 1.85%, respectively. Japan’s Nikkei was down 470 points or 0.97% at 10:10 AM IST.Meanwhile,…
US Secretary of Treasury Scott Bessent The US directly purchased Argentine pesos on Thursday and finalised a $20 billion currency swap framework with Argentina’s central bank, said treasury secretary Scott Bessent. The move is intended to provide assistance amid the Latin American country’s economic turmoil. In a social media post on X, Bessent wrote, “US…
Wall Street took a breather on Thursday, with US stocks making only modest moves near record levels while gold edged higher and Treasury yields remained largely unchanged. The S&P 500 inched up 0.1%, coming off its latest all-time high and marking eight gains in the past nine sessions. The Dow Jones Industrial Average rose 21…
Asian markets were mixed on Thursday as investors tried to assess the global AI-driven rally, US interest rate moves, and the continuing government shutdown in Washington.Japan’s Nikkei gained 1.29% or 614 points trading at 48,349, while HSI dipped 9 points or 0.03% to reach 26,820 at 9:30 AM IST. In India, NSE benchmark Nifty traded…
File photo: RBI Governor Sanjay Malhotra MUMBAI: RBI governor Sanjay Malhotra on Wednesday announced the creation of a Unified Market Interface, a new market infrastructure conceptualised by the central bank that will enable instant buying, selling, and trading of financial assets as digital tokens settled through the central bank’s digital currency.“Early efforts and results from…
Asian stocks traded mostly in red on Wednesday following Wall Street’s first slump in eight days, losing streak after gold rallied to record high.Hong Kong’s HSI was down 287 points or 1%, reaching 26,669. Taiwan’s index also slipped down 129 points or 0.48%.Nikkei too traded in red, falling 31 points to 47,919 at 10 AM…
