News
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Indian IT stocks drop nearly 3% on global recession fears
** IT stocks .NIFTYIT drop 2.9% as Trump tariffs stoke global recession fears; biggest loser among sectoral indexes** Jefferies downgrades market leader and top weight Tata Consultancy Services TCS.NS to "hold" from "buy"** Lowers LTIMindtree LTIM.NS and Mphasis MBFL.NS to "hold&...Reuters
Wed, Apr 9
UK Stocks-Factors to watch on April 9
April 9 - Britain's FTSE 100 .FTSE index is seen opening down on Wednesday, with futuresFFIc1 down 3.07%. * TARIFF: British finance minister Rachel Reeves will hold tariff crisis talks with bosses from Hargreaves Lansdown HRGV.SG, Legal & General LGEN.L, Lloyds Banking Group LLOY.L and...Reuters
Wed, Apr 9
China stocks firm as state support softens US tariffs hit
SHANGHAI, April 9 (Reuters) - Chinese stocks found some footing on Wednesday as state pledges to support the local market and surging interest in domestic tech firms softened the blow to sentiment from the 104% tariffs imposed by the U.S. on Chinese goods.The blue-chip CSI300 Index .CSI300 opened do...Reuters
Wed, Apr 9
GLOBAL MARKETS-Stocks tumble again as US hits China with 104% tariffs, Treasuries slammed
Oil prices dive almost 4%, safe-haven currencies gainWall St futures down 1.5%, Nikkei tumbles 3.8%The onshore yuan hovers just above the lowest since 2007Longer-dated Treasuries getting slammed in AsiaBy Stella Qiu SYDNEY, April 9 (Reuters) - Major stocks indexes sank in Asia on Wednesday af...Reuters
Wed, Apr 9
EMERGING MARKETS-Rupiah hits fresh low, Asian stocks fall on escalating US-China trade war
Rupiah hits 16,965 per dollarMSCI's Asia EM index at one-year lowSingapore stocks in oversold territoryMalaysia stocks hit 18-month lowBy Sameer Manekar April 9 (Reuters) - Indonesia's rupiah hit a new lifetime low on Wednesday while equities in Asian emerging markets tumbled for a fifth ...Reuters
Wed, Apr 9
EMERGING MARKETS-Rupiah hits fresh low, Asian stocks fall on escalating US-China trade war
Rupiah hits 16,965 per dollarMSCI's Asia EM index at one-year lowSingapore stocks in oversold territoryMalaysia stocks hit 18-month lowBy Sameer Manekar April 9 (Reuters) - Indonesia's rupiah hit a new lifetime low on Wednesday while equities in Asian emerging markets tumbled for a fifth ...Reuters
Wed, Apr 9
MORNING BID EUROPE-Markets cower as 104% tariffs on China begin
A look at the day ahead in European and global markets from Ankur BanerjeeAs the next leg of the rapidly escalating trade war comes into view, investors remain shell-shocked, extending a deep stock market rout and flocking to the safe-haven yen and Swiss franc, awaiting, and hoping, for some semblan...Reuters
Wed, Apr 9
INDIA STOCKS-Indian shares slip as trade tensions escalate; RBI decision in focus
By Bharath Rajeswaran April 9 (Reuters) - Indian shares fell on Wednesday after a brief rebound in the previous session, as renewed trade tensions triggered a global equity sell-off ahead of the Reserve Bank of India's policy decision on interest rates and growth support. The Nifty 50 .NS...Reuters
Wed, Apr 9
Indian pharma stocks decline after Trump again threatens tariffs
April 9 (Reuters) - Indian pharmaceutical stocks .NIPHARM fell 1.7% on Wednesday after U.S. President Donald Trump reiterated plans to announce a "major" tariff on all pharmaceutical imports.U.S. accounts for a third of India's overall pharma exports. Trump also threatened the duties on ...Reuters
Wed, Apr 9
INDIA STOCKS-IT, pharma drag Indian shares ahead of RBI policy decision
April 9 (Reuters) - Indian shares opened lower on Wednesday, tracking a global equity sell-off driven by escalating trade tensions, while investors eyed the Reserve Bank of India's policy decision for an interest rate cut and growth support.The Nifty 50 .NSEI fell 0.37% to 22,452.1 while the BSE...Reuters
Wed, Apr 9
Chinese brokerages promise market support, firms set buybacks as trade war intensifies
SHANGHAI/SINGAPORE, April 9 (Reuters) - Top Chinese brokerages have pledged to help steady domestic share prices in a concerted effort, the Shanghai bourse said, and scores of listed companies unveiled stock buying plans, as the local market reels from an escalating trade war.The Shanghai Stock Exch...Reuters
Wed, Apr 9
Japan's Nikkei falls tracking Wall Street on growth worries
TOKYO, April 9 (Reuters) - Japan's Nikkei share average fell in a broad sell-off on Wednesday, tracking Wall Street's overnight declines on worries about slowing growth as the trade war between the United States and China intensified.The Nikkei index .N225 fell 2.62% to 32,147.04 by the midd...Reuters
Wed, Apr 9
EMERGING MARKETS-Rupiah hits fresh low, Asian stocks fall on US-China trade war
April 9 (Reuters) - Indonesia's rupiah dropped to a new alltime low on Wednesday while equities in Asian emerging markets fell sharply as the U.S. readied to impose 104% tariffs on Chinese goods, escalating a trade war between the world's two biggest economies.Stocks in Singapore .STI droppe...Reuters
Wed, Apr 9
EMERGING MARKETS-Rupiah hits fresh low, Asian stocks fall on US-China trade war
April 9 (Reuters) - Indonesia's rupiah dropped to a new alltime low on Wednesday while equities in Asian emerging markets fell sharply as the U.S. readied to impose 104% tariffs on Chinese goods, escalating a trade war between the world's two biggest economies.Stocks in Singapore .STI droppe...Reuters
Wed, Apr 9
Australian tech stocks track Wall Street plunge to erase Tuesday's gains
** Technology stocks .AXIJ lose as much as 3%, erasing most of the sub-index's 4.6% gains at close on Tuesday** Decline in tandem with Wall Street's overnight plunge, with S&P 500 closing below 5,000 points for the first time in almost a year, on negative investor sentiment and no signs ...Reuters
Wed, Apr 9
ASX-listed Alcoa Corp drops to record low on tepid aluminium prices
** ASX-listed shares of aluminium giant Alcoa Corp AAI.AX fall as much as 10.2% to a record low of A$37.15** Aluminum prices fell 1.4% overnight as hopes for talks on tariffs between the U.S. and other countries faded after a White House official said the U.S. would impose a 104% tariff on China wit...Reuters
Wed, Apr 9
Taiwan hopes for quick agreement with US on tariffs issue
TAIPEI, April 9 (Reuters) - Taiwan's hopes that it can come to a quick agreement with the United States to resolve the tariffs issue and last weekend already approached Washington to discuss the issue, a senior Taiwanese official said on Wednesday.Taiwan has responded to U.S. President Donald Tr...Reuters
Wed, Apr 9
ASX-listed copper miners track weaker prices; China braces for US tariffs
** Copper miners listed on the Australian stock exchange fell as copper prices dropped, with the looming 104% U.S. tariff on major consumer China set to take effect MET/L** Shares of Capstone Copper listed on the Australian stock exchange CSC.AX CS.TO slide as much as 8.6%, on track to lose over 4% ...Reuters
Wed, Apr 9
GLOBAL MARKETS-Stocks slide in Asia as recession fears pummel sentiment, oil hits 4-yr lows
Oil prices dive 4%, safe-haven currencies gainWall St futures down nearly 2%, Nikkei tumbles 3%PBOC fixed the yuan at weakest level since Sept 2023New Zealand central bank cuts by 25 bps amid trade uncertaintyBy Stella Qiu SYDNEY, April 9 (Reuters) - Stocks in Asia extended a slide on Wall Street...Reuters
Wed, Apr 9
Australia's CSL hits nearly 18-month low on tariff concerns
** Shares of CSL CSL.AX fall as much as 6.7% to A$229.2, their lowest level since Oct. 30, 2023 ** Shares trim some losses to last trade 4.6% lower ** Biotech giant bears the brunt of U.S. plans to announce a "major" tariff on pharmaceutical imports** U.S. President Donald Trump said the...Reuters
Wed, Apr 9
