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Stephanie Leung

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asian markets decline as oil prices surge amid us sanctions on russia

Asian stocks fell for a fourth consecutive day as stronger-than-expected US jobs data dampened expectations for Federal Reserve interest-rate cuts, while oil prices surged to a four-month high following new US sanctions on Russia's oil industry. The MSCI Asia Pacific Index dropped 1.1%, with significant declines in Hong Kong, Taiwan, and South Korea, as Chinese shares continued to slide despite record export figures. Meanwhile, the dollar strengthened against major currencies, and bond yields rose in response to the shifting market dynamics.
Hindustan Times
Japanese Yen Chinese Yuan Australian Dollar United States Dollar Morgan Stanley The Goldman Sachs Group Inc Bank of America Corporation CHN Philip R. Lane Ryozo Himino John Williams Donald Trump Neel Kashkari Austan Dean Goolsbee Stephanie Leung Olli Rehn Lynn Song Show more
Finance & Economy, Market Report
05:33 13.01.2025
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