Search / 20 results found

from
to
  • Updated

People stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Wednesday, Sept. 7, 2022, in Tokyo. Asian shares were mostly lower Wednesday, as pessimism prevailed about higher interest rates ahead and Wall Street shares fell for the fourth straight week. Oil prices fell, while the Japanese yen continued to decline against the U.S. dollar to nearly 144 yen. (AP Photo/Eugene Hoshiko)

  • Updated

A person wearing a protective mask walks past an electronic stock board showing Japan's Nikkei 225 and New York Dow indexes at a securities firm Wednesday, Sept. 7, 2022, in Tokyo. Asian shares were mostly lower Wednesday, as pessimism prevailed about higher interest rates ahead and Wall Street shares fell for the fourth straight week. Oil prices fell, while the Japanese yen continued to decline against the U.S. dollar to nearly 144 yen. (AP Photo/Eugene Hoshiko)

  • Updated

A person wearing a protective mask stands in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Wednesday, Sept. 7, 2022, in Tokyo. Asian shares were mostly lower Wednesday, as pessimism prevailed about higher interest rates ahead and Wall Street shares fell for the fourth straight week. Oil prices fell, while the Japanese yen continued to decline against the U.S. dollar to nearly 144 yen. (AP Photo/Eugene Hoshiko)

  • Updated

A person wearing a protective mask stands in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Wednesday, Sept. 7, 2022, in Tokyo. Asian shares were mostly lower Wednesday, as pessimism prevailed about higher interest rates ahead and Wall Street shares fell for the fourth straight week. Oil prices fell, while the Japanese yen continued to decline against the U.S. dollar to nearly 144 yen. (AP Photo/Eugene Hoshiko)

  • Updated

A person walks past an electronic stock board showing Japan's Nikkei 225 index and U.S. dollar/Japanese yen exchange rate at a securities firm Wednesday, Sept. 7, 2022, in Tokyo. Asian shares were mostly lower Wednesday, as pessimism prevailed about higher interest rates ahead and Wall Street shares fell for the fourth straight week. Oil prices fell, while the Japanese yen continued to decline against the U.S. dollar to nearly 144 yen. (AP Photo/Eugene Hoshiko)

  • Updated

A person wearing a protective mask walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm Wednesday, Sept. 7, 2022, in Tokyo. Asian shares were mostly lower Wednesday, as pessimism prevailed about higher interest rates ahead and Wall Street shares fell for the fourth straight week. Oil prices fell, while the Japanese yen continued to decline against the U.S. dollar to nearly 144 yen. (AP Photo/Eugene Hoshiko)

AP
  • Updated

Asian stock markets are mixed after China promised to speed up policy changes to boost anemic economic growth and Australia's central bank raised its benchmark interest rate. Shanghai, Tokyo and Seoul gained while Hong Kong declined. U.S. markets were closed for a holiday. The Chinese Cabinet’s planning agency promised to accelerate easier lending and other policies but announced no new spending. Australia's central bank raised its main interest rate to its highest level since 2015 and said more rate hikes are planned. European markets sank following the announcement that a suspension of Russian gas supplies through the Nord Stream 1 pipeline would be extended indefinitely.

AP
  • Updated

Global stock markets are lower after Europe faced a new squeeze on gas supplies. London and Frankfurt opened lower Monday. Tokyo, Hong Kong and South Korea also fell while Shanghai gained. Oil prices rose more than $2 per barrel while the euro edged lower. European markets were roiled by Russian energy giant Gazprom's announcement that a suspension of gas supplies through the Nord Stream 1 pipeline would be extended indefinitely. That adds to shortages in Germany and other economies. Traders also worry U.S. government data that showed wages rose sharply in August might be seen by the Federal Reserve might see that as evidence more interest rate hikes are needed to bring down inflation.

AP
  • Updated

Asian stock markets are mixed ahead of U.S. jobs data as investors that might influence Federal Reserve plans for more interest rate hikes to cool surging inflation. Shanghai and Seoul advanced while Tokyo and Hong Kong retreated. Oil prices rose more than $1. Investors waited for U.S. data on August hiring to see how the economy is responding to four earlier hikes to cool inflation that is at a four-decade high. A strong reading would give ammunition to Fed officials who say higher interest rates are needed to slow economic activity. Forecasters said data showing more than 300,000 jobs were added in August might reinforce support for a bigger rate hike.

AP
  • Updated

Asian shares are trading mostly lower, tracking the broad slide on Wall Street, as investors braced for higher interest rates and inflation worries for some time. Benchmarks fell in Tokyo, Sydney, South Korea and Hong Kong in early trading, but edged up slightly in Shanghai. The slide in the Nikkei came despite signs of improvement in the Japanese economy. A Finance Ministry study on corporate financial statements for April-June showed a 17.6% improvement from the previous year. Stocks closed lower on Wall Street.