Many of JPMorgan’s German clients are investing more internationally.
Hobbled by a lacklustre economy and languishing in the shadow of its Gulf Arab neighbours, the emirate’s stocks have dropped in three of the last four years.
Chinese and American trade negotiators meet again in Shanghai this week for the first round of meetings between both sides since talks broke down in May.
Defensive areas of the market may not fall as much when the going gets tough, but they’ll be behind when everything’s said and done.
The losses in Asia followed a negative lead from Wall Street, where big-name firms sank on weak corporate reports.
Hong Kong, Shanghai and Tokyo were all well down in the morning, while there were also losses in Singapore and Taipei.
Bitcoin fell 11.1% to US$9,855 on Friday, its lowest since July 2.
The price of the largest cryptocurrency fell 11% since Friday.
This slide ends Bitcoin’s recent surge since April.
The largest cryptocurrency surged about 8%, surpassing the US$12,000 level for the first time in almost a year and a half.
There is increasing talk that the US Federal Reserve will cut borrowing costs for the first time in more than a decade.
Expectations of a rate cut at the Fed's June 18-19 meeting have fallen to a probability of around 20%.
Japan’s 30-year yields slid to as low as 0.305% in Tokyo trading Thursday, down from almost 1% in October.
Investors are now focused on the US employment report later in the day for further cues about the health of the world's largest economy.
At 9.40am, the key FBM KLCI eased 3.08 points to 1,652.23 from 1,655.31 at 5 pm yesterday.
MSCI's broadest index of Asia-Pacific shares outside Japan initially edged up following gains on Wall Street but was last down 0.15%.
Markets remain fragile after the escalation in the trade war between the US and China.
The downdraft comes after the world’s largest digital currency more than doubled in 2019.
Global investors cautious as US steps up trade war with China.
It’s a sign Electronic Arts can go toe to toe with Epic Games’ Fortnite, an early battle-royale hit that has become a cultural phenomenon.
The prime minister says the PH government is looking forward to pursuing its plans instead of only cleaning up after the 1MDB 'mess'.
Cryptocurrency markets have been relatively calm so far this year, with bitcoin trading until today between around US$3,300 and US$4,200.
Goh Hin Calm was sentenced to 36 months imprisonment after pleading guilty to two of six charges under the Securities and Futures Act.
Hedge funds turn to the tiny research firm, Media Create, in Tokyo when it comes to trading Nintendo shares.