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Prada Hong Kong stock at 14-month low ahead of Versace deal decision
** Hong Kong shares of Italian luxury group Prada 1913.HK drop nearly 14% to HK$44.3, the lowest level since January 23, 2024** Stock set for the biggest one-day pct decline since August 2021** Prada 1913.F is set to make a decision this week about a potential takeover of smaller rival Versace, a so...Reuters
Apr 7, 2025
REFILE-India's Tata Motors slides 8% after luxury arm JLR pauses exports to US
April 7 (Reuters) - Shares of Indian automaker Tata Motors TAMO.NS sank 8% on Monday after Jaguar Land Rover (JLR), which makes luxury cars, paused exports of its British-made cars to the U.S. following President Donald Trump's 25% tariff came into effect.The slide on the day takes the stock'...Reuters
Apr 7, 2025
Goldman Sachs raises odds of US recession to 45%
SINGAPORE, April 7 (Reuters) - Goldman Sachs has raised the odds of a U.S. recession to 45% in the next 12 months, joining other investment banks in revising their forecast as fears of a trade war grip markets after sweeping tariffs from U.S. President Donald Trump.
Reuters
Apr 7, 2025
INDIA STOCKS-Indian shares open sharply lower on global trade war, US recession fears
By Bharath Rajeswaran April 7 (Reuters) - Indian shares opened sharply lower on Monday, as concerns over a global trade war and growing recession fears in the U.S. triggered a stock market rout on Wall Street and in other Asian markets.The Nifty 50 .NSEI and the BSE Sensex .BSESN trimmed some los...Reuters
Apr 7, 2025
EMERGING MARKETS-Asian stocks sink as global slowdown worries grow
Singapore stocks set for worst intraday performance in 5 yearsTaiwan stocks sink almost 10%Malaysia stock down 5.6%, Philippine shares fall 4.1%By Himanshi Akhand April 7 (Reuters) - Emerging Asian stock markets plunged to multi-year lows on Monday, as investors feared that a full-blown trade war...Reuters
Apr 7, 2025
EMERGING MARKETS-Asian stocks sink as global slowdown worries grow
Singapore stocks set for worst intraday performance in 5 yearsTaiwan stocks sink almost 10%Malaysia stock down 5.6%, Philippine shares fall 4.1%By Himanshi Akhand April 7 (Reuters) - Emerging Asian stock markets plunged to multi-year lows on Monday, as investors feared that a full-blown trade war...Reuters
Apr 7, 2025
INDIA STOCKS-Indian shares sink on global trade war, US recession fears
By Bharath Rajeswaran April 7 (Reuters) - Indian shares opened sharply lower on Monday, as concerns over a global trade war and growing recession fears in the U.S. triggered a stock market rout on Wall Street and in other Asian markets.The Nifty 50 .NSEI was declined 5% to 21,758.4 in pre-open tr...Reuters
Apr 7, 2025
China stocks sink on trade war fears; Hong Kong dives 9%
Hong Kong's Hang Seng dives 9% as trade war fans recession fearsChina's CSI300 falls over 5%, yuan hits lowest since JanuaryUBS economist warns of significant economic impactSHANGHAI, April 7 (Reuters) - Hong Kong and Chinese stocks dived on Monday after Beijing fired back at U.S. tariffs wi...Reuters
Apr 7, 2025
Japan's Nikkei plunges to 1-1/2-year low as banking shares slump
By Kevin Buckland TOKYO, April 7 (Reuters) - Japan's Nikkei share average tumbled nearly 9% early on Monday, while an index of Japanese bank stocks plunged as much as 17%, as concerns over a tariff-induced global recession continued to rip through markets.The Nikkei .N225 dropped as much as 8...Reuters
Apr 7, 2025
Australian heavy rare earths miners rally on China export controls
MELBOURNE, April 7 (Reuters) - Australian-listed miners of heavy rare earths rallied on Monday, shrugging off major selloffs across other markets, on bets Western governments would renew their push to develop a separate supply chain after top producer China set down export controls.Shares of Lynas R...Reuters
Apr 7, 2025
Trump's Firm Stance on Tariffs Triggers a "Black Monday"! Nikkei Plummets 9%
TradingKey - The negative impacts of Donald Trump's newly announced tariff policies are escalating rapidly, with global markets appearing to echo the turmoil of the infamous "Black Monday." On Monday, April 7th, during the first half-hour of trading, Japan’s benchmark Nikkei 225 index plunged...
INDIA STOCKS-India's Nifty 50 set for sharp drop amid global trade war, US recession fears
By Bharath Rajeswaran April 7 (Reuters) - India's benchmark Nifty 50 is poised to open sharply lower on Monday, as concerns over a global trade war and growing recession fears in the U.S. triggered a stock market rout on Wall Street and in other Asian markets.The GIFT Nifty futures GIFc1 were...Reuters
Apr 7, 2025
Goldman Sachs expects significant Chinese fiscal easing to offset tariffs
Goldman Sachs expects China to accelerate fiscal easing measuresTrump's tariffs could lower Chinese GDP growth by 0.7 percentage pointChina hints at monetary policy actions, including reserve requirement ratio cutsBy Samuel Shen and Liz Lee BEIJING, April 7 (Reuters) - Goldman Sachs said it e...Reuters
Apr 7, 2025
China stocks sink on trade war fears; Hong Kong dives 10%
SHANGHAI, April 7 (Reuters) - Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of a widening global trade war and fears it will unleash a deep recession.Hong Kong's Hang Seng index .HSI slumped more than 10% in morning trade which, if sustained, would...
Australian copper miners plunge as commodity prices track global market sell-off
** Australian copper miners track copper prices lower as commodities and equities around the world remain subject to sell-offs amid fears of an economic slowdown as Trump's tariffs take effect MKTS/GLOB** Australia-listed shares of Capstone Copper CSC.AX tumble as much as 17.1% to a record low o...Reuters
Apr 7, 2025
INDIA STOCKS-India's Nifty 50 set for sharp drop amid global trade war, US recession fears
By Bharath RajeswaranApril 7 (Reuters) - India's benchmark indexes are poised to open sharply lower on Monday, as concerns over a global trade war and growing recession fears in the U.S. triggered a stock market rout.The GIFT Nifty futures GIFc1 were trading at 21,128.5, as of 7:21 a.m. IST, ind...Reuters
Apr 7, 2025
GLOBAL MARKETS-Stocks dive in Asia, markets hunger for rapid US rate cuts
Asian stock markets : https://tmsnrt.rs/2zpUAr4S&P 500 futures drop over 3%, Nikkei slides 6%Futures price in extra 25bps Fed easing this yearTreasuries extend rally, safe haven yen gainsOil dives 2% as global recession risks mountBy Wayne Cole SYDNEY, April 7 (Reuters) - Major stock indexes ...Reuters
Apr 7, 2025
EMERGING MARKETS-Asian stocks sink as tariff worries rattle investors
April 7 (Reuters) - Equities in Asian emerging markets plummeted on Monday to multi-year lows, as fears of a global recession fuelled by U.S. President Donald Trump's harsher-than-expected tariffs gripped markets.The Singapore benchmark index .STI fell 7% at the open and was on course for its bi...Reuters
Apr 7, 2025
EMERGING MARKETS-Asian stocks sink as tariff worries rattle investors
April 7 (Reuters) - Equities in Asian emerging markets plummeted on Monday to multi-year lows, as fears of a global recession fuelled by U.S. President Donald Trump's harsher-than-expected tariffs gripped markets.The Singapore benchmark index .STI fell 7% at the open and was on course for its bi...Reuters
Apr 7, 2025
China stocks sink on trade war fears; Hong Kong dives 8%
SHANGHAI, April 7 (Reuters) - Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of a widening global trade war and fears it will unleash a deep recession.Hong Kong's Hang Seng index .HSI was down 8% in early trade. Shares in online giants Alibaba 9988....Reuters
Apr 7, 2025
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