Tag: stocks
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Stocks slip as dollar heads for weekly loss
NEW YORK/PARIS, Oct 16 : Global stocks fell modestly on Friday as markets stabilised after a sharp tech-led selloff, while the dollar headed for a weekly loss.Markets have been rattled this week by concerns over higher interest rates and the debt-fuelled financing behind the AI boom, triggering a selloff in�
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Stocks edge lower as dollar heads for weekly loss
NEW YORK/PARIS, Oct 16 : Global stocks edged lower on Friday as markets stabilised after a sharp tech-led selloff, while the dollar headed for a weekly loss.Markets have been rattled this week by concerns over higher interest rates and the debt-fuelled financing behind the AI boom, triggering a selloff in t
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US stocks end higher as AI shares stabilise
NEW YORK: Wall Street stocks bounced back from a shaky start after disappointing inflation data on Thursday (Oct 15), while pressure on artificial intelligence shares moderated somewhat following a battering
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US chip stocks set to wipe out $2 trillion after latest selloff
Oct 15 : US semiconductor stocks were set to lose $2 trillion in market value on Thursday in the steep selloff since last week, driven by rising bets of an interest-rate hike and concerns over the cost of the AI buildout. The Philadelphia SE Semiconductor index was last down 3.3 per cent, adding to a…
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Asian markets sell off after US inflation fuels rate hike bets
Seoul and Tokyo bore the brunt of the selling as traders bailed out of once-imperious chipmakers.
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Securitize launches blockchain-based stocks
Oct 8 : Digital asset company Securitize is launching blockchain-based tokenized stock trading in major listed companies like Apple, Nvidia and Microsoft, with tokens backed by underlying shares, the company said on Thursday.• Securitize will initially launch its tokenized stocks on the solana blockchain.
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CNA Explains: Why are Singapore bank shares falling after a record run?
Singapore bank stocks tumbled for the second day in a row after a Citi report downgraded OCBC to a “sell” rating, saying it expected the bank’s third-quarter earnings to be flat from a year earlier.
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US stocks hit fresh records as oil stabilises on rising supplies
NEW YORK: Stock markets firmed Tuesday with the Nasdaq and S&P 500 hitting record highs in the United States, as oil prices retreated on easing supply worries, which helped temper concerns about rising government borrowing costs.On Wall Street, the technology-focused Nasdaq index advan
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Euro slides as concerns about French debt mount
NEW YORK: The euro slid Monday (Oct 5) to its lowest level against the dollar in 17 months on worries about France’s high debt and deficits, which have sent its government bond yields soaring.But equities traded broadly higher despite the pressure of elevated bond yields, with the Nasdaq hitting
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US jobs data boosts stocks as oil prices dip
NEW YORK: Major US indices spent most of the day solidly in positive territory following the lackluster hiring data for September. Equities were also supported by a pullback in oil prices after
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