News
US: Dow, S&P 500 lower after volatile session; Nasdaq ends positive
[NEW YORK] Wall Street stocks finished mostly lower on Monday following a volatile session amid rising recession worries due to President Donald Trump’s trade wars.Both the Dow and S&P 500 ended...
Tesla shares drop amid auto tariffs and ‘brand crisis’
Tesla shares took a hit Monday after a leading analyst slashed his price target by more than 40%, citing a “perfect storm” created by President Trump’s auto tariffs and...
DBS’, Bank of China’s printing vendor hit by ransomware attack; more than 11,000 customers affected
[SINGAPORE] About 8,200 customers of DBS Bank – as well as 3,000 from the Bank of China’s Singapore branch – have had their customer information compromised after a printing...
Tesla shares plunge below Lutnick’s ‘never this cheap’ level
[NEW YORK] Tesla’s stock extended losses on Monday (Apr 7), dropping below a price at which Commerce Secretary Howard Lutnick predicted they’d never fall to again.The shares plunged as...
US: Wall St opens sharply lower, S&P 500 nears bear market territory
[NEW YORK] Wall Street’s main indexes opened sharply lower on Monday (Apr 7), with the S&P 500 on track to confirm bear market territory, as investors sought refuge in...
Investors seek refuge in dollar, yen as tariff fallout grips markets
[SINGAPORE] Investors poured into safe havens such as the dollar, yen and Swiss franc on Monday (Apr 7) as the market rout from US President Donald Trump’s sweeping tariffs...
Credit gauges in Asia show most concern since early pandemic
Credit-default swaps in Asia blew out the most since the worsening of the Covid-19 pandemic in 2020, as a rout in risk assets deepened following US President Donald Trump’s...
Hong Kong stocks end 13.22% down, worst since 1997 Asian financial crisis
[HONG KONG] Shares in Hong Kong plummeted more than 13 per cent Monday (Apr 7) on their worst day in almost three decades as China’s retaliation against Donald Trump’s...
BOJ warns of heightened uncertainty as Trump tariffs batter markets
[TOKYO] The Bank of Japan said uncertainty over Japan’s economy was growing as some firms worried about the hit to profits from higher US duties, a sign President Donald...
Bank Indonesia intervenes in offshore rupiah ahead of reopening
It will aggressively intervene in the onshore markets too when they reopen on Tuesday[JAKARTA] Bank Indonesia intervened in the offshore rupiah market ahead of what could be a turbulent...
