News
Important Only
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
S.Korean won slides to over 16-year low on Trump tariffs, bond index delay
Currency hits lowest level since March 2009 Won dragged by weaker yuan as Trump hits 104% tariff on ChinaGlobal bond index inclusion pushed back to next yearBy Jihoon Lee and Yena Park SEOUL, April 9 (Reuters) - The South Korean won tumbled to a more than 16-year low on Wednesday, as U.S. Preside...Reuters
Wed, Apr 9
Why Intel Stock Was Up 13.3% in Q1 as the S&P 500 Had Its Worst Quarter Since 2022
The first three months of 2025 were a tough run for the market. The S&P 500 lost 4.6% and the Nasdaq Composite lost 10.4%. Bucking the trend, however, shares of Intel (NASDAQ: INTC) were up 13.3%.After years of underperformance, Intel has shown signs of turning the tide over the course of the last f...The Motley Fool
Wed, Apr 9
Taiwan shares fall at slower pace after stabilisation fund activated
TAIPEI, April 9 (Reuters) - Taiwan's benchmark stock index .TWII opened down around 1% on Wednesday, steadying some from the previous two days of losses after the government activated a $15 billion stabilisation fund. Shares in top chipmaker TSMC 2330.TW were flat, while Apple supplier Foxconn&#...Reuters
Wed, Apr 9
Australian lithium miners slump; Citi cuts PTs on US tariff concerns
** Shares of lithium miners Pilbara Minerals PLS.AX and IGO IGO.AX fall 6.4% and 3.6%, respectively** Mineral Resources MIN.AX slump 12% to A$14.41 to hit its lowest level since late March 2020** MIN among the top losers in the benchmark index .AXJO** Citi cuts PT for PLS to A$1.65 from A$2.40, cuts...Reuters
Wed, Apr 9
WRAPUP 12-Stocks slide again as US forges ahead with 104% tariffs on China
S&P nears bear market territoryWhite House says 104% China tariffs will take effect on WednesdayUS will also go ahead with dozens of other country-specific levies Trade talks with South Korea, Japan scheduledAmericans expect higher pricesBy Susan Heavey, Trevor Hunnicutt and Joe Cash WASHINGT...Reuters
Wed, Apr 9
Prediction: This Artificial Intelligence (AI) Stock Will Be Worth More Than Nvidia in 2030
Megacap technology stocks have been some of the biggest and longest-standing beneficiaries of the artificial intelligence (AI) revolution. While growth stocks in the tech sector have experienced at least some form of action since AI emerged as a megatrend, these gains have been fleeting for most com...The Motley Fool
Wed, Apr 9
PRECIOUS-Gold eases as Treasury yields climb; trade war in focus
April 9 (Reuters) - Gold prices eased on Wednesday as U.S. Treasury yields ticked higher, while anxious investors monitored the escalating trade war between the U.S. and its key trading partners amid rising fears of a global recession.FUNDAMENTALS* Spot gold XAU= fell 0.1% to $2,981.86 an ounce as o...Reuters
Wed, Apr 9
Miners drag Australian shares lower as markets digest escalating US-China trade war tensions
April 9 (Reuters) - Australian shares fell at the open on Wednesday, hurt by a drag in mining stocks, tracking a fall in major stock indexes globally, with the United States' 104% tariffs on China expected to come into effect shortly.The S&P/ASX 200 index .AXJO fell 1.6% to 7,392 points by 0...Reuters
Wed, Apr 9
Australian mining stocks fall over 3% on US tariff turmoil
** Shares of Australian mining .AXMM fall 3.7%, hover around the 2-1/2-year low hit earlier this week** Mining stocks reel under the impact of proposed U.S. tariffs of 104% on imports from China, a major consumer of commodities such as iron ore and a top trading partner for Australia** Most mining s...Reuters
Wed, Apr 9
Samsung SDI cuts stock offering price by 14%
SEOUL, April 9 (Reuters) - Samsung SDI 006400.KS, a South Korean battery maker, cut the pricing of new shares to be issued by 14%, after its stock tumbled in the broad sell-off triggered by U.S. tariff fears.Samsung SDI plans to sell its new shares at 146,200 Korean won ($98.41) each, down from the ...Reuters
Wed, Apr 9
Why Moderna Stock Was Down 31.8% in Q1 as the S&P 500 Had Its Worst Quarter Since 2022
The first quarter of 2025 was a tough one. The S&P 500 lost 4.6%, and the Nasdaq Composite lost 10.4%. Following the trend, shares of Moderna (NASDAQ: MRNA) slid 31.8% in the first three months of the year.The vaccine maker's sales continue to struggle years after its top line exploded during the CO...The Motley Fool
Tue, Apr 8
Nvidia: A Dominant Force in AI, but Is Perfection Already Priced In?
Explore the exciting world of Nvidia (NASDAQ: NVDA) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!*Stock prices used were the prices of Feb. 28, 2025. The video was publis...The Motley Fool
Tue, Apr 8
