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…
Oil prices are on track for a third consecutive monthly decline, driven by concerns about a global oversupply, with OPEC+ expected to agree to another supply increase later this week. Brent crude fell near $64 per barrel, marking a monthly decline of more than 3%, while West Texas Intermediate (WTI) held near $60. The OPEC+…
Silver held above $48.5 per ounce on Friday and has the potential to close the week slightly higher. Demand for safe haven assets strengthened as market volatility increased, while US stocks retreated from record highs following a sell-off in the technology sector. On the policy front, the Fed cut interest rates 25 basis points earlier…
