Oil Holds Modest Loss as Risk-Off Tone Counters Lower Stockpiles
Oil held a modest decline, with a risk-off tone in broader markets countering a drawdown in US stockpiles.
Oil held a modest decline, with a risk-off tone in broader markets countering a drawdown in US stockpiles.
Asian equity markets dropped after Meta Platforms Inc.’s disappointing outlook raised concern on whether the industry that has powered the bull market in equities has run too far.
The surging dollar has hurt stocks outside the US but one group at least stands to gain: companies that export to the world’s largest economy.
Indian equities have soared to become among the world’s most expensive, yet its bonds appear relatively cheap despite being Asia’s best performers this year.
South Korea’s economic growth accelerated to a pace faster than the most optimistic forecasts last quarter, dimming prospects for a near-term interest-rate cut and offering belated relief to President Yoon Suk Yeol after an election setback that threatens his policy initiatives.
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