News
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Uniqlo operator Fast Retailing seen posting 14% jump in Q2 profit as tariffs loom
Fast Retailing's Q2 profit expected to rise 14% to 125.9 billion yenUS tariffs pose challenges, but impact seen less severe than on other industriesDomestic sales boosted by tourism and weak yenShares down 19% in 2025 after soaring nearly 50% last yearBy Rocky Swift TOKYO, April 9 (Reuters) -...Reuters
Wed, Apr 9
South African Markets - Factors to watch on April 9
JOHANNESBURG, April 9 (Reuters) - The following equity and currency market moves may affect South African markets on Wednesday. SOUTH AFRICAN MARKETSSouth Africa's rand strengthened on Tuesday as the country's two biggest political parties said they were not walking away from the coalitio...Reuters
Wed, Apr 9
JPM eyes copper, gold equities for opportunities in weak market
** J.P.Morgan says that metals and mining names were top performing sector exiting the last three recessions and it continues to forecast a "V-shape" recovery in 2025** While it's too soon to call a trough, JPM says it sees this period of weakness as an opportunity to accumulate exposure...Reuters
Wed, Apr 9
Samsung SDI cuts share sale price, as shaky global markets hit Asian deals
Samsung SDI cuts share-sale price by 14%'Reciprocal' tariffs came into effect on WednesdayAsian equities, Treasuries down sharply in Asian hoursShare sales, bond deals hit across Asia SEOUL, April 9 (Reuters) - South Korean battery maker Samsung SDI 006400.KS, is cutting by 14% the price ...Reuters
Wed, Apr 9
Taiwan hopes for quick agreement with US on tariffs, stocks swoon again
Taiwan hit by 32% tariffs by President TrumpTaiwan says won't retaliate, seeks talks with USTaiwan stock market hits near 15 month low TAIPEI, April 9 (Reuters) - Taiwan hopes that it can come to a quick agreement with the United States to resolve tariffs and has already approached Washington...Reuters
Wed, Apr 9
ANALYSIS-Banks to battle exchanges for fees on Britain's new private share trading platform
Private company share trading platform launches within monthsPolicymakers seeking better access to capital for unlisted firmsBanks fear revenue dip, investors and owners unsure of liquidityBy Sinead Cruise LONDON, April 9 (Reuters) - Britain's hopes of an equity capital market revival are wei...Reuters
Wed, Apr 9
EXPLAINER-What is PISCES and can it herald a UK capital markets revolution?
By Sinead CruiseLONDON, April 9 (Reuters) - Britain's Financial Conduct Authority (FCA) has set out proposals for a new platform - The Private Intermittent Securities and Capital Exchange System (PISCES) - to enable trading of shares in private companies.A cornerstone of the regulator's aim ...Reuters
Wed, Apr 9
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
