Japan’s Nikkei ended down 1.1% after Nissan, Mazda all skidded, while BMW, Daimler and Volkswagen reversed between 1.7-2.3%.
Investors sold equities and raced to buy yen and government bonds from the US and Germany on fears that setbacks to U.S-China trade talks would undermine increasingly fragile-looking world growth.
Stocks, oil prices and the dollar were on the rise after the US-China trade war was declared “on hold” while in Europe, Italy’s borrowing costs climbed and the Milan bourse retreated.
Italian stocks slid after reports that the two parties seeking to form Italy’s next govt might seek debt forgiveness, while dollar ignored a pull-back in US bond yields and rallied to a new 2018 high.
World stocks fell on Tuesday as investors digested soft Chinese economic data and a lack of progress in U.S.-China trade talks, while a rise in U.S. borrowing costs supported the dollar.
Prospects of a thaw in U.S.-China trade tensions supported global stocks, as U.S. President Donald Trump pledged to help ZTE Corp “get back into business, fast”.
World stocks hit a three-week high and turned positive for the year as rising oil prices gave energy firms a shot in the arm that countered the effects of increased political uncertainty.
Oil prices eased from 3-1/2-year highs hit on worries the United States may be set to pull out of a key nuclear accord with Iran, while robust tech sector gains in Asia helped support world stocks.
World stocks set for biggest weekly loss in a month, while the dollar hovered near highs hit on its recent rally as investors awaited jobs data from the US.
Forecast-beating results from the world’s biggest company, Apple, lifted tech shares, putting Wall Street on track for a firmer session despite Fed trepidation.
Bags EPC packages of Purvanchal Expressway in Uttar pradesh of Rs 1738 Cr
Approved buyback of 29 Lk shares amounting Rs 200.2 Cr
Tamil Nadu Pollution Control Board ordered disconnection of electricity
Disconnection is applicable for copper smelter unit-I at Thoothukudi district
Order requires closure of unit with immediate effect
Thoothukudi copper smelter unit has not been operating since Mar 27
Launched Silver Options, Total Traded Contract Value at Rs 34.36 Cr
Option Positions are physically settled & are European Style Options
Enters into merger talks with NSE For Universal Exchange Framework: Business Standard Reports
R Damani sells 0.8% Stake at Rs 1360.2/Sh
Deal Value at Rs 643 Cr