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TOKYO, Japan (AFP) — Tokyo stocks closed lower on Wednesday as investors looked for direction, and the currency market remained stable during Asian trade after volatility for the British pound around a Brexit vote. The benchmark Nikkei 225 index slipped 0.55 percent, or 112.54 points, to end at 20,442.75 while the broader Topix index was down 0.32 percent, or 4.95 points, at 1,537.77. Investors appeared to have factored in the defeat in Britain’s parliament for […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Thursday after Wall Street fell for the first time in 2018 the previous day, while a strong yen weighed on sentiment. The benchmark Nikkei 225 index fell 0.58 percent or 137.89 points to 23,650.31 in early trade while the broader Topix index opened down 0.49 percent or 9.18 points at 1,882.93. “Investors are cashing in on the recent gains after watching a decline on Wall Street,” […]
HONG KONG, China (AFP) — Oil prices pressed on with fresh gains in Asian trade Tuesday, boosting energy firms, after Russia and Saudi Arabia indicated they could extend an output cut into next year. The world’s top two crude-producing nations raised the idea at the weekend, with a deal agreed between the Organization of the Petroleum Exporting Countries — of which Saudi Arabia is the key player — and Russia coming to an end in […]
Oil prices fell further in Asian trade Wednesday, tracking losses across equities and currency markets as fresh fears about the impact of Britain’s exit from the EU sent investors fleeing high-risk assets. A warning from the Bank of England that there was evidence risks from the June 23 Brexit vote “have begun to crystallise” sent shudders through world markets, with the pound diving to levels not seen since mid-1985 and stock markets diving. The uncertainty […]
HONG KONG, China (AFP) — Asian stock markets moved cautiously Thursday as worries over the global economy sap confidence but the dollar held the previous day’s gains and oil prices extended a rally. A disappointing set of readings and announcements from the world’s biggest economies over the past week have cast a pall over stock markets, reversing recent gains that were fuelled by hopes a recovery was taking hold. New York provided another negative lead, […]
