The quote: “When sentiment rules, data can only play a secondary role,” said Michael McCarthy, chief strategist automotive injection mold Factory at CMC Markets in Sydney.8 per cent to 2,925. Investors fear that U. The Nasdaq slid 159. The contract made a slight gain in New York on Wednesday. Benchmark US crude edged up 10 cents to $30.06.40 points, or 2. The euro fell to $1.”Yen climb: The Wall Street jitters sent Japanese shares lower including giant exporters such as automakers Toyota and Honda, as well as Bridgestone and trading companies.14..50 yen in mid-December to 117. China’s trade improved in December, US job creation has remained strong, and Australia, which is one of the countries highly vulnerable to China’s slowdown, reported another month of strong jobs growth in December.85 points, or 3. Hong Kong’s Hang Seng lost 1. The drop over the first eight trading days of 2016 represents the worst start to a year in the history of both the S&P 500 and the Dow.50 yen lately.
The dollar has dropped from about 121.2 per cent at 1,894. Brent crude, a benchmark for international oils, fell 29 cents to $29. Some analysts say a correction in stock prices is inevitable after multi-year gains fostered by loose monetary policy but also point out the underlying economic picture is reassuring.4 per cent, to 4,526. Other regional markets were also lower, falling in Taiwan, Singapore, Australia and Indonesia.58 a barrel in electronic trading on the New York Mercantile Exchange.56.6 per cent to 19,611. It was the worst day for the index since Sept.28. The S&P 500 fell 48.Frayed nerves: Oil prices at 12-year lows and the volatile start to 2016 in China’s stock and currency markets have unleashed a torrent of negativity among investors.81 points, or 2.5 per cent, to 1,890.48 and Shanghai Composite slipped 0.
The yen has been sought as a safe haven in the absence of confidence in other currencies recently, and that’s usually a negative for Japanese companies, which rely on exports to boost earnings. South Korea’s Kospi was down 1.S.0877 from $1.7 per cent to 17,068. “Yet these facts barely dented global investor psyches. 28.China’s stock and currency markets have unleashed a torrent of negativity among investors.41 yen in the previous trading session.2 per cent, to 16,151.Energy: Falling oil prices are adding to the fears about a global slowdown.Keeping score: Japan’s benchmark Nikkei 225 dived 3.Currencies: The dollar rose to 117.0883. oil futures hovering at $30 a barrel could force some oil and gas companies to go bankrupt.08. Tokyo: Asian stock markets sank across the board Thursday as pessimistic sentiment following sustained weakness in oil prices and a dive on Wall Street prevailed over data showing economies on the mend.Wall Street: The Dow lost 364.41 on Wednesday. “The lift in China exports in December not only smashed bearish expectations of a fall but spoke directly to the idea that the economy in China tanked” in the last quarter of 2015.55 yen from 117.99 a barrel in London
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