Market Pulse - Asia
Asia report: Markets mixed after another dire day on Wall Street
Markets in Australia finished mixed on Tuesday, with Australian stocks posting decent gains, as investors reacted to the Dow’s new worst day since 1987 on Wall Street overnight.
Biden overtakes Trump in betting odds for 2020 US Presidential Election
Democratic candidate Joe Biden overtook current US President Donald Trump as the favourite to win the US Presidential election.
China GDP on course for first contraction in Q1 since 1989
Economic activity in China registered its first outright contraction in over three decades at the start of 2020.
Asia report: Markets tumble as Fed slashes rates to zero
Markets in Asia finished another tumbling day well into the red on Monday, as investors digested the news that the US Federal Reserve had slashed interest rates to zero overnight.
Coronavirus: Sporting events cancelled over pandemic
Major sporting events around the globe have been cancelled or postponed as organisers moved to stop mass gathering to combat the coronavirus pandemic.
Asia report: Most markets lower, ASX rebounds strongly
Most markets in Asia finished well into the red once more on Friday, as investors continued their hand-wringing over the state of the global Covid-19 coronavirus pandemic, although stocks in Australia were a marked exception, rebounding sharply higher.
JP Morgan downgrades Shell to 'neutral' on vulnerability to demand risks
Analysts at JP Morgan downgraded their recommendation for shares of Royal Dutch Shell 's B shares from 'overweight' to 'neutral' on the back of the recent "breakdown" in relations among OPEC+ members that had resulted in a crude oil price crash.
Asia report: Markets plunge again after Trump's coronavirus travel ban
Markets in Asia were red across the board on Thursday, with the Tokyo benchmark falling into bear market territory, as investors reacted to a global tightening of measures in a bid to combat the Covid-19 coronavirus pandemic.
WHO chief declares coronavirus outbreaks a global pandemic
The global health watchdog declared the latest coronavirus a pandemic the first such ocurrence by that type of virus.
Businesses in Wuhan begin return to normality as coronavirus outbreak subsides
Some vital industries at the epicentre of the coronavirus outbreak, in Wuhan, in the Chinese province of Hubei, were told on Wednesday that they could restart operations after the coronavirus outbreak subsided.
Asia report: Markets tumble again as governments unveil stimulus
Markets in Asia were back into negative performance mode on Wednesday, with Australia’s benchmark sliding into bear market territory, as investors digested the response of governments to the Covid-19 coronavirus outbreak.
Asia report: Most markets manage gains after Monday slump
Most markets in Asia finished in the green on Tuesday, recovering somewhat from Monday’s heavy losses as investors waited with bated breath for news on stimulus amid the coronavirus outbreak.
Brent oil futures plummet 25% after Saudi Arabia cuts selling prices
Crude oil futures are hurtling lower following Saudi Arabia's decision to slash its official selling prices to Asia, Europe and the US by a record amount, marking the start of a price war after the Organisation of Petroleum Exporting Countries's failure to strike an agreement with the Russian Federation during the previous week to curb their combined production.
Asia report: Oil price crash sees markets tumble
Asian markets fell through the floor on Monday, with currencies in much of the region also sliding, as market volatility rocketed following a weekend of coronavirus-related developments.
Week Ahead: ECB meeting, China CPI in focus
The European Central Bank's Governing Council will be in focus over the coming week, with markets anticipating that the coronavirus outbreak will force its hand when it meets on Thursday.
Brent oil futures slide on reports Russia will not agree to extra cuts
Russia is willing to extend the existing oil output curbs agreed with other OPEC+ countries until June, but for the moment refuses to participate in extra reductions.
Spain's PharmaMar receives CE approval for coronavirus diagnostic kits
Shares of Spanish drug outfit PharmaMar surged at the end of the week after clinching Brussels's stamp of approval for its coronavirus diagnostic kits.
Asia report: Shares hammered as virus sparks slowdown fears
Asian stocks were hammered again on Friday on growing fears the coronavirus epidemic would lead to a global economic slowdown.
JP Morgan restarts Anglo American at 'overweight', upgrades BHP
JP Morgan analysts changed their tune on shares of UK-listed diversified miners in the wake of the recent 15-20% share price falls in the space.
Asia report: Markets follow Wall Street higher after IMF package
Markets in Asia finished higher on Thursday, as investors digested the news that the International Monetary Fund (IMF) was preparing a $50bn aid package to help alleviate the effects of the coronavirus outbreak.