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Japan and South Korea Stocks Rally Strongly: South Korea Kospi Surges Over 12%, Nikkei 225 Jumps 4%
TradingKey - On March 5, stock markets in Tokyo and Seoul opened higher and continued to rise, staging a strong rebound. The Nikkei 225 Index opened up 1.8%, with intraday gains expanding to nearly 4%. The KOSPI in Seoul opened with a 3.1% gain, which subsequently expanded further to 12%.
TradingKey
an hour ago
WTI holds gains near $75.00 as supply disruptions persist on Middle East war
West Texas Intermediate (WTI) Oil price remains stronger for the third successive session, trading around $74.80 per barrel during the Asian hours on Thursday. Crude Oil prices climb as supply disruptions persist amid ongoing Middle East war.
Fxstreet
an hour ago
JGB yields climb as investors assess inflation risks from Iran war
TOKYO, March 5 (Reuters) - Japanese government bond (JGB) yields rose on Thursday as investors assessed the potential risk of a pickup in inflation and the outlook for interest rate hikes after the widening Middle East conflict pushed oil prices sharply higher.Reuters
an hour ago
Today’s Market Recap: U.S. Markets Rally on Strong Jobs Data and Crypto Gains Amid Geopolitical Volatility
U.S. stocks rallied as strong February private-sector employment and a surge in crypto equities offset geopolitical tensions. While the Senate upheld President Trump’s military mandate in Iran, markets were bolstered by stabilizing oil prices and robust service sector data. However, South Korea’s KO
WTI oil prices rise as Iran conflict widens
TOKYO, March 5 (Reuters) - U.S. West Texas Intermediate crude CLc1 oil prices rose $1.38, or 1.85%, to $76.04 per barrel in early trade on Thursday, as the U.S.–Iran war widened after a U.S. submarine sank an Iranian warship off Sri Lanka.Reuters
3 hours ago
Anthropic shakes off Pentagon beef as annual revenue surges past astonishing $19 billion
AI giant Anthropic disclosed on Wednesday that its annual revenue has surpassed $19 billion, which is more than double where its run rate sat late last year ($9 billion) as the company continues its middle finger act to the US Department of Defense. According to Anthropic, the surge came from heavieCryptopolitan
3 hours ago
Shares in online lender Kbank rise in South Korean market debut after IPO
SEOUL, March 5 (Reuters) - Shares in South Korean online lender KBank 279570.KS traded as high as 9,880 won ($6.76) per share on Thursday morning after its market debut, 19% above its initial public offering price of 8,300 won per share. Last month, Kbank priced its IPO at the bottom of end of iReuters
3 hours ago
NASA to tap ULA for critical component of moon rocket, Bloomberg News reports
March 4 (Reuters) - NASA intends to select United Launch Alliance to provide a critical component for future missions of the agency's moon rocket, replacing planned Boeing-built hardware as costs ballooned to $2.8 billion, Bloomberg News reported on Wednesday, citing people familiar with the mat...Reuters
3 hours ago
US Senate backs Trump on Iran strikes, blocks bid to limit his war powers
WASHINGTON, March 4 (Reuters) - U.S. Senate Republicans backed President Donald Trump's military campaign against Iran on Wednesday, voting to block a bipartisan resolution aiming to stop the air war and require that any hostilities against Iran be authorized by Congress.Reuters
3 hours ago
GLOBAL MARKETS-US, European stocks rise as oil takes a pause and crypto rallies
NEW YORK/LONDON, March 4 (Reuters) - U.S. and European equities rose on Wednesday as oil prices took a breather after their dramatic two-day rally and a surge in cryptocurrencies encouraged investors to take on risk while cautiously monitoring the Middle East war.Reuters
5 hours ago
Safe-Haven Sentiment Gradually Cools, ADP Data Beats Expectations Soothing Recession Fears, US Stock Index Futures Rise.
TradingKey - At 8:15 AM ET, the three major U.S. stock index futures reversed losses to turn positive in pre-market trading. Dow Jones futures and S&P 500 futures both rose over 0.2%, while Nasdaq 100 futures gained more than 0.5%.
Bitcoin Breaks $71,000 to Reach Nearly One-Month High as Crypto Market Recovers Across the Board
TradingKey - During the US pre-market session on Wednesday, March 4, cryptocurrencies rallied collectively. Bitcoin hit a high of $71,882.8, up over 6%, marking its highest price since early February. Ethereum broke above $2,000, rising more than 6%. Both have recouped the losses sustained since the outbreak of the US-Iran conflict.
Middle East Conflict Ignites Asian Stock Rout: South Korea Circuit Breakers, Japan Plunge, Market Still Trading Risk-Off Sentiment
TradingKey — The sudden escalation of tensions in the Middle East has triggered global market volatility. On March 4, Japanese and South Korean stock markets fell sharply, with South Korean markets triggering intraday circuit breakers, becoming one of the most volatile markets under the impact of this round of geopolitical risks.TradingKey
19 hours ago
Samsung Drops Another 10% Amid U.S.-Iran Conflict; U.S. Foundry Mass Production Delayed Again
TradingKey - On Wednesday, March 4, the US-Iran conflict continued to weigh on Asian markets. By the close of the South Korean stock market, the benchmark KOSPI Index triggered intraday circuit breakers for the second consecutive day and closed sharply lower, falling 12.11% today. Heavyweight SamsunTradingKey
20 hours ago
Pound Sterling weakens to near 1.3300 as geopolitical risks bolster US Dollar
The GBP/USD pair attracts some sellers to around 1.3310 during the early European session on Wednesday. Escalating conflict in the Middle East triggers a "flight to safety," supporting the US Dollar (USD) against the Pound Sterling (GBP).
Fxstreet
21 hours ago
