Asian Stock Market: Fears of banking turmoil propels further downside, oil drops on steady PBOC – by Sagar_Dua24 Asia PBOC Fed Oil Nikkei
global banking meltdown. S&P500 futures generated significant gains in early Asia, however, fears of global banking turmoil activated sellers to trigger shorts. It seems that rallies are being capitalized as selling opportunities, which indicates a dismal market mood.
At the press time, Japan’s Nikkei225 tumbled 1.06%, ChinaA50 remained choppy, Hang Seng plunged 2.61%, and Nifty50 dropped 1.07%. Chinese equities remained sideways despite the interest rate decision announcement by the People’s Bank of China . The central bank kept the one-year and five-year Loan Prime Rate steady at 3.65% and 4.30% respectively. Contrary to the unchanged interest rate decision, the street was anticipating further expansion in the monetary policy stance.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market news: Resilient stocks notch weekly gains amid bank falloutUS stocks fall but close mostly higher for the week despite ongoing bank fallout
Read more »
Stock Market Crash: Bank Closures Will Trigger 28% Sell-Off, RecessionA 27-year market vet warns that regional banks will be more reluctant to loan money to their communities in the wake of the Silicon Valley Bank closure — pulling forward a recession and causing stocks to crash as much as 29%
Read more »
Majority of Colorado hospital systems lost money in 2022 as costs surged, stock market tankedColorado hospitals as a whole remained financially healthy through the first two years of the pandemic, but their profit margins were slashed in half in 2022 as costs swelled, pushing the majority of the state’s hospital systems into the red by the fall.
Read more »
U.S. stock-market futures edge higher after historic deal to rescue Credit SuisseU.S. stock-index futures opened with modest gains Sunday evening as investors assessed a historic deal to rescue troubled Swiss lender Credit Suisse as...
Read more »
‘Joy Ride’ Review: Outrageous Asian American Comedy Gives Fresh Foursome a Chance to Cut LooseIn 1993, “The Joy Luck Club” made Hollywood history, proving to a skeptical — and let’s face it, racist — industry that there was mainstream demand for a culturally sensitive Chinese American ensem…
Read more »
Asian Americans gather in Times Square to mark a grim milestone for violence“The violence can seem like it is never-ending” — Asian Americans gathered in Times Square this week to mark the second anniversary of an Atlanta shooting spree that claimed eight lives, including those of six Asian women, as well as losses closer to home.
Read more »