top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Market

3 Jan 2022

Thin-Trade Causes Mixed Asian Stocks as Some Markets Remain Closed

The Index Today

Monday morning, Asia Pacific stocks were seen mixed due to thin-trade on the first trading day of the year 2022 for some markets.

Trading data shows that South Korea’s KOSPI was up 0.37% by 9:58 PM ET (2:58 AM GMT). Data released earlier in the day showed that the Nikkei manufacturing purchasing managers index (PMI) for December was 51.9, higher than the previous month’s 50.9. Hong Kong’s Hang Seng Index was down 0.28%, while Chinese, Australian, and Japanese markets were closed for a holiday. There will be no cash trading of U.S. Treasuries in Asia on Monday.

Jun Rong Yeap, market strategist at IG Asia said that trader “sentiments may attempt to ride on the Santa Claus rally to deliver a positive start for the first trading day in 2022.”

“While the rising omicron COVID spreads may warrant a cautious approach toward reopening, some expectations may be that improved vaccinations will aid to limit the eventual economic impact,” he added.

COVID outbreaks due to Omicron continue in countries from China to the U.S., with the global number of cases topping 290 million as of Jan. 3, according to Johns Hopkins University data.

©Photo: REUTERS/Aly Song/File Photo

Clay pottery with table linens
bottom of page