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Rapid interest rate cuts from the Federal Reserve could make matters worse for the global "carry trade" unwind, according to economists at TS Lombard.
Shares of server company Super Micro Computer plunged 13% on Tuesday after the company announced fiscal fourth-quarter earnings that missed analyst expectations. The company also announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on Oct. 1.
Reuters) -- Wall Street's main stock indexes rose over 1% on Tuesday, as investors looked for bargains after a global stock selloff and dovish comments from Federal Reserve officials lifted market sentiment.
Seven out of 10 manufacturing businesses in South Korea said they have been affected by or expect negative impacts from China’s dumping of its stockpiled products, a survey showed on Tuesday, warning that this trend may persist for the long term.
The annual Australia-US Ausmin talks, taking place in Annapolis, Maryland, include the top defence and diplomatic officials from both nations.
Treasury yields bounced back on Tuesday as investors closely monitored a reversal of the previous day's global market sell-off.
Japan's stocks rebounded sharply on Tuesday after the Nikkei 225 and the Topix dropped over 12% in the previous session. Other Asia-Pacific markets were mostly higher.
The recent rapid strengthening of the Japanese yen can be seen as an overdue and healthy correction — and it's not time to panic about the wider market impact, the former head of the European Central Bank said Tuesday.