Tag: Asian markets
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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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Asia markets temper US-Iran deal optimism as oil prices plunge
Oil prices, which settled at a three-month low overnight, reflected the cautious stance, with Brent crude futures up 0.1 per cent, at US$83.25 a barrel.
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Japanese stocks surge, government bond yields tumble as US, Iran reach peace deal
The Nikkei 225 Index jumped as much as 5.5 per cent to 69,657.09, surpassing the 69,000 level for the first time.
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Asian stocks extend rally on Gulf breakthrough hopes, oil hits two-month lows
US President Donald Trump said on Thursday (Jun 11) that a peace deal could be signed as soon as this weekend, hours after threatening more strikes on Iran.
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Peace hopes steady Europe ahead of expected ECB rate hike
LONDON, June 11 : Europe’s markets firmed on Thursday as reports of ongoing peace talks between the U.S. and Iran nudged oil prices down ahead of what is widely expected to be the first European Central Bank interest rate hike in nearly three years. The pan-European STOXX 600 and the euro both inched higher a
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Stocks drop, oil rises as Iran worries traders
HONG KONG: Fresh worries about the Middle East ceasefire and the prospect of a US interest rate hike hit stocks and oil prices Thursday (Jun 11), following a rollercoaster week for markets that has sent shivers through trading floors.Investors took a little heart from closely watched data Wednesday that showe
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