On Monday, stocks in Asia benefited from the information that U.S. jobs data showed an unexpected jump, and let’s have at stocks across Asia. For example, in Japan, the Nikkei 225 added 1.37% to close at 23,178.10 as shares of robot maker Fanuc gained 4.01%. In the meantime, the Topix index gained 1.13% to end …
Airlines across the world are trying to avoid the worst-case scenario. Some of them reduced the number of employees to reduce costs. It is not surprising as international air travel all but disappeared as governments imposed travel restrictions. Hopefully, it was a good day for airline stocks. For instance, on June 8 in New Zealand …
Aviation Industry, Stocks, and U.S. Labor Market Read More »
It is not a secret that the coronavirus pandemic created a lot of problems for the stock market. For example, the stock performance of the largest public companies in the U.S. fell 34% between 35% between mid-February and March 23 according to the S&P 500. The coronavirus pandemic affected investor sentiment. Furthermore, it was the …
Stock performance of the largest public companies in the US Read More »
Millions of Americans lost their jobs in the last couple of months. Moreover, companies across the country are struggling to deal with the economic impact of the coronavirus pandemic. However, the stock market has defied gravity in recent weeks. For example, in recent weeks stock market rebounded nearly as quickly as it sold off amid …
How Coronavirus Pandemic Affected the U.S. Stock Market Read More »
On Thursday, investors analyzed information regarding the economic recovery from the coronavirus pandemic. Stocks were mixed on June 4. For example, Japan’s Nikkei 225 gained 0.36% to close at 22,695.74. Moreover, the Topix index rose 0.3% to close at 1,603.82. Also, South Korea’s Kospi index added 0.19% to close at 2,151.18. Nevertheless, mainland Chinese stocks …
Stocks in Asia, Economic Recovery and Coronavirus Pandemic Read More »
On Wednesday, the Dow Jones Industrial Average, as well as S&P 500, saw gains thanks to better than expected economic data. Importantly, a report from ADP showed private payrolls stateside falling by 2.76 million in May. This result is better than expected, as it was expected that private payrolls would fall by 8.75 million according …
Stocks Benefited From Better Than Expected Economic Data Read More »
It was a good day bank stocks as they benefited from investor optimism. For example, shares of HSBC listed on the Hong Kong Stock Exchange gained 2.02%. Moreover, shares of China Construction Bank added 0.48%. Also, Shinhan Financial Group’s stock in South Korea rose 11.72%. Moreover, in Singapore, the DBS group soared 6.83%. Oversea-Chinese Banking …
On Wednesday, South Korea unveiled a 35.3 trillion won ($29 billion) supplementary budget. As a result, the country plans to spend 270 trillion won to deal with the economic impact of the coronavirus pandemic. This move helped to boost the Kospi index. On June 3, the Kospi led gains among the region’s major markets. The …
Kospi Index Benefited from a Supplementary Budget Read More »
Governments around the world are working hard to support the economies. Countries such as the U.S., Germany, Japan, France, and others are willing to spend billions of dollars. However, it will take time to stabilize the situation, as millions of people across the world lost their jobs. However, there are issues as well, rising tensions …
Asia is home to some of the largest economies in the world and investors and analysts are constantly analyzing the situation on the ground. For example China, Japan, etc. Moreover, countries located region have the potential to achieve even bigger results. Unfortunately, the coronavirus pandemic created too many problems for the economy. On Tuesday, stocks …
Last week, China’s National Bureau of Statistics released information about factory activity. According to the bureau, factory activity expanded in May. The official manufacturing Purchasing Manager’s Index (PMI) stood at 50.6. Nevertheless, compared to April the index fell from 50.8 to 50.6. Let’s have a look at the stocks in Asia on June 1. Moreover, …
Stocks Reacted to the News Connected with Factory Activity Read More »
It was a positive day for stocks across the Asia Pacific, as stocks reacted to the news that came from the world’s second-largest economy. Importantly, Hong Kong’s Hang Seng index led gains among the region’s major indexes. On the first day of June, the Hang Seng index added 3,36% to end its trading day at …
Mainland Chinese Stocks and Hang Seng Index on June 1 Read More »
Last week, the Costco Wholesale Corporation released information about the fiscal third quarter. Interestingly, compared with the same period in 2019 the total revenue increased significantly to $37.27 billion. As a reminder, Costco is one of the largest corporations in the United States when it comes to total revenue. Importantly, the fiscal third quarter ended …
Costco Wholesale Corporation is one of the largest corporations in the United States when it comes to total revenue. On Thursday, Costco released information about the fiscal third quarter. Interestingly, sales grew in the quarter despite the coronavirus pandemic. However, the stay-at-home orders influenced the growth. Let’s have a look at the results. The fiscal …
Costco’s Sales Increased in the Fiscal Third Quarter Read More »
Hong Kong’s Hang Seng index fell on May 28 to close at 23,132.76. Moreover, stocks in the Asia Pacific were mixed due to rising tensions. Notably, Japenese stocks led gains among the major regional markets. The Nikkei 225 gained 2.32% to close at 21,916.31 as shares of index heavyweight Fast Retailing jumped 3.7%. In the …
Hong Kong’s Hang Seng Index, Security Law and Stocks Read More »
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