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Last update: Thu, 11 Feb 2016 01pm

Asia

Markets - Equity - Asia

Asian markets extend rout as volatility returns HONG KONG: Asian stock markets took another battering Wednesday, with Tokyo leading a day of sharp losses as investors grow increasingly concerned about the world economy and the possibility of a global recession.More bourses reopened after the Lunar New Year break but immediately plunged into the red, playing catch-up with a rout that has seen billions wiped off valuations from Sydney to Frankfurt to New York this year.Energy firms were once again in the firing line after oil prices sank below $28 a barrel Tuesday, while financial plays are also coming under increasing pressure as investors fret about their bottom lines in the face of the economic slowdown.The sell-off is the latest in the past six weeks that has seen severe volatility around the world, fuelled by China's growth slowdown and a crash in crude prices. The Chicago Board Options Exchange Volatility Index, which measures market turbulence, is sitting around ...

Markets - Equity - Asia

Tokyo stocks drop to lowest since 2014 on global recession fears TOKYO: Tokyo stocks again dropped Wednesday to their lowest level since late 2014, as fears of a global recession hammered investor confidence ahead of testimony by the head of the US central bank.The benchmark Nikkei 225 index tumbled 2.31 percent, or 372.05 points, to 15,713.39, after an eye-watering 5.4 percent dive the previous day.The broader Topix index of all first-section shares fell 3.02 percent, or 39.37 points, to 1,264.96.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Tokyo stocks plunge more than 5pc in equity market bloodbath TOKYO: Tokyo shares plunged more than five percent Tuesday, extending a global equities bloodbath as a sharp rise in the yen hammered exporters and fears over the state of the global economy fuelled a rush to safe investments.The eye-watering fall -- the steepest in percentage terms since June 2013 -- came after US and European bourses tumbled, sparked by worries about the financial sector as global growth slows.Leading the losses in Tokyo were were Japan's ...

Markets - Equity - Asia

Tokyo stocks plunge more than 5pc in equity market bloodbath TOKYO: Tokyo shares plunged more than five percent Tuesday, deepening an equities market bloodbath as a sharp rise in the yen hammered exporters and sentiment took a battering over fears of a global economic slowdown.The benchmark Nikkei 225 at the Tokyo Stock Exchange dropped 5.40 percent, or 918.86 points, to close at 16,085.44, while the Topix index of all first-section shares dived 5.51 percent, or 76.08 points, to 1,304.33.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Tokyo stocks slump more than 5pc in afternoon trade TOKYO: Tokyo shares tumbled more than five percent Tuesday, extending a global sell-off as a stronger yen dented exporters and after oil prices tanked again on fears of a deepening economic slowdown.Financial markets in Europe and on Wall Street took another hammering on Monday, with the latest round of losses sparked by worries about the financial sector as the global economy slows down, without the support of the Federal Reserve's easy money policies.The rout spread ...

Markets - Equity - Asia

Asian stocks extend global rout as traders flee to safety TOKYO: Tokyo stocks led a rout across Asian markets Tuesday, while Japanese government bond yields turned negative, the dollar dived against the yen and gold jumped as fears about the global economy sent investors scrambling to safety.While most the the region is closed for the Chinese New Year holiday, trading remained thin but dealers took their lead from New York and Europe where banking shares were battered.The sell-off is the latest this year, which has ...

Markets - Equity - Asia

Indian shares edge up; metal, bank stocks in focus MUMBAI: Indian shares trade flat on Monday as metal firms such as Tata Steel and lenders rallied after the country set minimum import prices for steel products to help a heavily indebted sector struggling to compete against shipments from abroad. India set the floor prices for imports on Friday, the first time it has taken such a step in over 15 years, to deter countries such as China from undercutting local mills.The measures also lifted ...