Asian Stocks Slump as Mideast Woes, Hawkish Fed Sour Sentiment
Asian stocks slid as broad risk aversion swept through markets on renewed concerns over an escalation of tensions in the Middle East and worries about higher-for-longer US rates.
Asian stocks slid as broad risk aversion swept through markets on renewed concerns over an escalation of tensions in the Middle East and worries about higher-for-longer US rates.
Japan’s Nikkei 225 Stock Average had its biggest weekly drop since June 2022 amid a global selloff in stocks as the outlook for US interest rates and tensions in the Middle East spooked investors.
The operator of the Johannesburg Stock Exchange has proposed easing some listing requirements in a bid to encourage smaller companies to the bourse, removing some of the red tape it says has become an obstacle.
UK retail sales stalled unexpectedly in March after shoppers scaled back spending on food and at department stories.
Three months before his 90th birthday, Giorgio Armani is hinting at possible big changes for his Italian fashion empire once he’s no longer in charge.
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