A global stock rout is deepening with investors fleeing to safe havens
Investors on Monday turned to safe-haven assets as a global stock sell-off deepened, following weaker-than-expected U.S. jobs data at the end of last week.
Trade asian news
As stock sell-off sweeps Asia, China’s yuan surges as US rate cuts loom
Anticipation of US interest rate cuts in September drove China’s yuan to a seven-month high against the US dollar on Monday, and also boosted the Japanese yen, with some analysts expecting the outlook for the Chinese currency would still largely depend on the strength of the US dollar.
Can Prabowo’s economic policies steer Indonesia through troubled waters?
“We see that global geopolitical escalation [creates] challenges for global commodity prices…,” said Arsjad.
Crypto selloff wipes out $270 billion in value as bitcoin, ether plunge
The cryptocurrency market plummeted in value on Sunday, as investors continued selling out of risky assets.
UBS says 'going into Japan now is like catching a falling knife,' warns stock sell-off will continue
Going into the Japanese market at this moment is akin to catching "a falling knife," Kelvin Tay, regional chief investment officer at UBS Global Wealth Management, told CNBC's "Squawk Box Asia."
Markets Around the World Are Rattled by Fears of Slowing U.S. Growth
A sell-off in markets around the world turned into a rout on Monday as investors grew panicky about signs of a slowing American economy, with stocks tumbling across Asia.
Philippines and Germany commit to reaching defence pact this year
MANILA (Reuters) -- The Philippines and Germany on Sunday committed to signing a defence cooperation arrangement this year, vowing to uphold international rules-based order in the region as tensions flare over disputed areas of the South China Sea.
India's Ola Electric goes public, Australia-U.S. two-plus-two, Indonesian GDP
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