Asia markets mixed after last week's hefty losses

News Image

MG News | March 11, 2019 at 09:57 AM GMT+05:00

0:00

March 11, 2019: Asian markets were mixed Monday as bargain-buying from last week's sharp losses was offset by a weak US jobs report and ongoing concerns about the global economy.

Investors ran for the hills Friday after the European Central Bank slashed its growth and inflation forecasts, and China announced a plunge in exports and imports.

Later that day the Labor Department said the US economy created just 20,000 jobs last month, a fraction of what was expected.

The readings from across the world knocked equity markets, which have enjoyed a stellar start to the year on hopes that China and the United States will resolve their trade war.

In early trade Hong Kong rose 0.4 percent and Shanghai rallied 0.9 percent while Tokyo went into the break 0.2 percent higher. Jakarta and Taipei were also slightly higher.

But Sydney, Seoul, Singapore and Wellington suffered fresh losses.

"The almost forgotten US-China trade talks have been subsumed in a cacophony of data noise but remain the only game in town and will set the macroeconomic tone for the rest of (the first half of) 2019," said OANDA senior market analyst Jeffrey Halley.

"Until then, traders and investors will have itchy trigger fingers across most asset classes."

(APP)

Related News

Name Price/Vol %Chg/NChg
KSE100 138,597.36
256.32M
-0.05%
-68.14
ALLSHR 85,286.16
608.38M
-0.48%
-413.35
KSE30 42,340.81
77.13M
-0.03%
-12.33
KMI30 193,554.51
76.19M
-0.83%
-1627.52
KMIALLSHR 55,946.05
305.11M
-0.79%
-443.10
BKTi 38,197.97
16.53M
-0.59%
-225.01
OGTi 27,457.35
6.73M
-0.94%
-260.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,670.00 121,165.00
117,035.00
-1620.00
-1.36%
BRENT CRUDE 69.23 70.77
69.14
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.03 67.54
65.93
-0.20
-0.30%
SUGAR #11 WORLD 16.79 17.02
16.71
0.05
0.30%

Chart of the Day


Latest News
July 19, 2025 at 04:28 PM GMT+05:00

4.7m families get BISP aid in Punjab


July 19, 2025 at 03:00 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


July 19, 2025 at 02:49 PM GMT+05:00

RDA attracts $182m in June


July 19, 2025 at 02:49 PM GMT+05:00

M2 falls by Rs455bn in a week



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg