Asian markets moved lower on Wednesday amidst Anxiety ahead of the Fed's decision. Concerns over banking sector stress spilled over from Wall Street, adding to the negative sentiment.
Seoul stocks closed over 1 percent higher Friday on a tech and semiconductor rally following Samsung s first-quarter guidance results. The Korean won rose against the dollar.
Asian markets gained on Wednesday amidst global bullish sentiment that followed renewed assurances from the U.S. government on support amidst the banking crisis.
Seoul shares ended lower Monday as signs of trouble at the major European lender Deutsche Bank renewed concerns over the health of the global financial system. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index dropped 5.74 points, or 0.24 percent, to close at 2,409.22. Trading volume was moderate at 465.77 million shares worth 8.4 trillion won (US$6.5 billion), with decliners outpacing gainers 555 to 313.Investors remain concerned over the risk of a recession amid the banking crisis triggered by the collapse of the U.S.-based Silicon Valley Bank.
the nikkei here in japan where i am as well as the hang seng in hong kong, kospi and as well as shanghai composite in china. but again, this jolt of money, if you will, from the swiss central bank could just be what markets in europe need at least to try to make up the losses. but there are these bigger concerns about contagion. will financial concerns in one part of the world transcend to other parts of the world. and that is what may be happening here with banking. as the stability of banks in the united states are now raising questions about the stability of banks in other parts of the world. but it is also important to stress it is not the only challenge facing the markets these days. we still are dealing with inflation. inflation certainly hits consumers hard, but it also makes it very difficult for banks to do their jobs, to invest our money, try to bring ineturns.