Gold prices rose in the Asian session, with spot prices at $4,142/oz and December futures at $4,148/oz. Although risk appetite improved due to progress toward ending the longest US shutdown, concerns over its economic impact kept safe-haven demand strong. The recent strengthening of the dollar did little to halt the rally; gold returned to the…
Hong Kong stocks continued their decline on Wednesday, with the Hang Seng Index falling 1.1% to 25,664.92, after losing 0.8% in the previous session. The decline was driven by weakness in major technology stocks such as Alibaba, JD.com, and Tencent, which fell 2.2%, 1.4%, and 1.2%, respectively. Market sentiment was also affected by concerns about…
Japanese stocks experienced a sharp decline on Wednesday, led by chip and electronics stocks, which were pressured by weakness in US technology stocks overnight. The Nikkei Stock Average fell 1.9% to 50,523.00. Stocks such as Kioxia Holdings fell 11%, SoftBank Group fell 9.1%, and Advantest plunged 8.1%. This decline reflects uncertainty in the Japanese market…
Oil prices fell for a second straight day after an industry report showed the largest increase in US crude inventories in more than three months. Brent prices slumped towards $64 per barrel, while West Texas Intermediate (WTI) hovered around $60 per barrel. A report from the American Petroleum Institute (API) showed that US crude inventories…
Gold prices rebounded after their biggest drop in more than a week, driven by widespread risk-off sentiment in financial markets, boosting demand for safe assets. Spot gold rose to near $3,950 per ounce, after falling nearly 2% in the previous session, as the US dollar continued to strengthen. Global stock markets resumed their decline on…
