Tag: Asian markets
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Asia stocks up as chip stocks recover, oil eases
US technology stocks advanced on Monday and this was mirrored in Asian trade.
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Seoul leads Asian stocks higher as US inflation eases rate fears
Asian stocks enjoyed a much-needed rally following a painful selloff in recent weeks as tech firms were battered by concerns over extended valuations and the vast sums invested in artificial intelligence.
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Asian markets rise as beaten tech stocks enjoy respite from selling
Oil prices edged up but held recent losses fuelled by increased traffic through the Strait of Hormuz and on hopes for progress in US-Iran talks.
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Asian shares fall as chipmakers drag; US jobs data looms
SYDNEY: Asian shares skidded on Thursday (Jul 2) as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for US jobs data that could gives hints about the risk of interest rate hikes.Oil prices hit new four-month lows, with Brent crude off 0.8 per cent to US$
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Asian stocks mixed and oil rises as US, Iran call end to latest attacks
Equity markets fluctuated, with Hong Kong, Manila, Sydney, Taipei and Wellington up but Jakarta, Seoul, Shanghai, Singapore and Tokyo down.
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South Korea’s KOSPI plunges more than 8% in new tech rout
Asian tech stocks also sank on Friday as the rollercoaster ride that has characterised the week continued into the weekend, while crude prices edged back down after a brief rally sparked by news of an attack on a ship in the Strait of Hormuz.
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KOSPI bounces back as Asian markets look to recover from rout
Investors tentatively got back on the horse in Seoul as they picked up the pieces following a 10 per cent collapse in the KOSPI on Tuesday, which was led by 12 per cent losses in chip giants and market heavyweights SK Hynix and Samsung.
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South Korea’s KOSPI surges 4.1% as chip stocks recover
The KOSPI gained more than 330 points moments after trading began on Wednesday (Jun 24), instantly recouping a massive chunk of the losses from a nearly 10 per cent plunge a day earlier.
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Asian stocks steady, oil lower as US and Iran sign peace deal
The interim peace deal extends a ceasefire announced in April by another 60 days, to allow the two sides to negotiate a final truce.
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Asian markets temper US-Iran deal optimism as oil prices plunge
Oil prices, which finished at a three-month low overnight, reflected the cautious stance, with Brent crude futures sliding 0.3 per cent to US$82.90 a barrel.
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