Stocks swing higher as China eases quarantine rules

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com register HONG KONG, June 28 (Reuters) – Asian shares swung into positive territory … Read more

Taiwan’s GlobalWafers to invest $5 bln in new silicon wafer plant in Texas

TAIPEI, June 28 (Reuters) – Taiwan’s GlobalWafers Co Ltd (6488.TWO) will spend $5 billion on a new plant in Texas to make silicon wafers used in semiconductors, switching to the United States after a failed European investment. The company said late Monday the new plant, manufacturing 300-millimeter silicon wafers, would start being built later this … Read more

Stocks extend bear market bounce as inflation angst eases

MILAN/TOKYO, June 27 (Reuters) – World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation. Strong morning gains in Europe and a rally across Asian markets after China further eased COVID-19 restrictions drove the MSCI’s benchmark for global … Read more

Stocks temper their inflation expectations on copper pounding

S&P futures up 0.9%, European stocks gain 1.5% MSCI world stocks eyeing 2.5% weekly rise Copper falls more than 7% on week, oil down 2% German 10-year bond yields drop 4 bps LONDON, June 24 (Reuters) – World stocks headed for their first weekly gain in a month and Wall Street was set to open … Read more

Recession fear stalks oil, copper and stocks

LONDON, June 23 (Reuters) – Global markets fell on Thursday as investors worried that further rises in interest rates to decades-high inflation would tip economies into recession. The German economy, Europe’s largest, suffered a sharp loss of momentum at the end of the second quarter, according to the latest Purchasing Managers’ Index, while corresponding figures … Read more

Shock Swiss rate hike sets markets on edge; BOJ holds

Pedestrians are reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia, February 9, 2018. REUTERS/David Gray/File Photo Register now for FREE unlimited access to Reuters.com register SNB hikes 50 bps, franc soars, dollar slips Stock markets sink as more interest rate rises beckon … Read more

China attack on Taiwan would hit global trade more than Ukraine war, says Taiwan

Taiwan’s Chief trade negotiator John Deng speaks to Reuters in Geneva, Switzerland June 14, 2022. REUTERS/Emma Farge Register now for FREE unlimited access to Reuters.com register Taiwan is top exporter of advanced chips Ukraine war has caused food price spike WTO seeks action to ease war’s trade impact GENEVA, June 14 (Reuters) – Any Chinese … Read more

Shares sombre, dollar on a high as Fed seen going big

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Russian Trading System (RTS) Index, Japan’s Nikkei index and the Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 25, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com register Asian stock markets … Read more

Asian stocks slide as Fed hike fears tip Wall St into bear market

HONG KONG, June 14 (Reuters) – Asian shares slid sharply and the safe-haven dollar held near a two-decade peak on Tuesday after Wall Street hit a confirmed bear market milestone on fears aggressive US interest rate hikes would push the world’s largest economy into recession. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell … Read more

Asian stocks slump amid risks from U.S. CPI, China COVID struggle

A man looks at stock market monitors in Taipei January 22, 2008. REUTERS/Nicky Loh/File Photo Register now for FREE unlimited access to Reuters.com register TOKYO, June 13 (Reuters) – Asian stocks sank on Monday and bond yields ticked higher, as red-hot US inflation reignited worries about even more aggressive Federal Reserve policy tightening, and a … Read more