Asia Business

Despite political upheavals, stock markets and bitcoin smashed records in 2024, fuelled by investor enthusiasm for Artificial Intelligence (AI), falling interest rates, and hopes of tax cuts.Here are four of the most remarkable aspects of 2024 for financial markets:- Stock records fall like dominoes -Wall Street’s three main stock indices blew past record highs to set …

Global markets rode AI, interest rate roller coaster in 2024 Read More »

Wall Street stocks slid Tuesday to close the year on a gloomy note but Europe’s main stock markets advanced, as all eyes turn to 2025 and the impact that the policies of US President-elect Donald Trump will have on the global economy.After dropping more than one percent on Monday as investors booked profits and broke …

US stocks slip as European markets ring out year with gains Read More »

Wall Street stocks moved higher on Tuesday, looking to ring out the year with gains as did Europe’s main stock markets, as all eyes turn to 2025 and the impact that the policies of US President-elect Donald Trump will have on the global economy.After dropping more than one percent on Monday as investors booked profits …

US, European stock markets look to ring out year with gains Read More »

Europe’s main stock markets ended the year Tuesday with solid gains, as all eyes turn to 2025 and the impact that the policies of US president-elect Donald Trump will have on the global economy.London’s benchmark FTSE 100 index closed up 0.6 percent and the Paris CAC 40 rallied 0.9 percent in a shortened trading day. Over …

European stock markets end year with gains Read More »

President Xi Jinping said China will put in place “more proactive” macroeconomic policies next year, state media reported, as he addressed a top political advisory body on Tuesday.The country has struggled this year to climb out of a slump fuelled by a property market crisis, weak consumption and soaring government debt.Beijing has unveiled a string …

Xi says China must apply ‘more proactive’ macroeconomic policies in 2025 Read More »

Asian stocks ended the year mainly in the red on Tuesday after worries about 2025 and profit-taking turned Wall Street’s usual holiday period “Santa Claus rally” into a mini-rout.The three main US indices all slumped around one percent on Monday, adding to Friday’s losses, with Tesla down 3.3 percent and Facebook owner Meta off 1.4 …

Asian stocks dip as Santa snubs Wall Street Read More »

Animal ears and pom-poms on fuzzy hats adorn tourists’ heads on the streets of the frigid northeastern Chinese city of Harbin, which is enjoying a surge in visitors driven by social media.Photos and videos taken around the city’s landmarks flood platforms such as TikTok counterpart Douyin and Instagram-esque Xiaohongshu — many featuring tourists from the …

China’s frigid northeast thrives on ‘little potato’ tourism boom Read More »

Global stock markets mostly fell Monday in jittery holiday trading ahead of a potentially tumultuous 2025 that will see Donald Trump return to the White House.Wall Street’s three main indices slumped to end the day, adding to losses on Friday that have put paid to Wall Street’s usual holiday-period “Santa Claus rally.””We can’t drive major …

No Santa rally for stocks as equities slide Read More »

European and Asia stock markets mostly fell Monday in jittery holiday trade ahead of a potentially tumultuous 2025 when Donald Trump returns to the White House.With volumes thin, US futures were also pointing lower after losses on Friday that put paid to Wall Street’s usual holiday period “Santa Claus rally”.”We can’t drive major conclusions in …

Stock markets, dollar retreat Read More »

Asia stocks mostly fell Monday in jittery holiday trade ahead of a potentially tumultuous 2025 when Donald Trump returns to the White House.With volumes thin, US and European equity futures were also pointing lower after losses on Friday that put paid to Wall Street’s usual holiday period “Santa Claus rally”.Tech stocks had led the way, …

New year nerves hit Asian stocks Read More »