Saudi Fund’s Big Move Sends Asian Stocks Soaring
In a recent turn of events, Asian Markets rose sharply after the Nekkei 225 witnessed a rise of 2% ahead of the three central banks’ interest rate decisions in the region. The three central banks, the Bank of Korea, the Reserve Bank of New Zealand, and the Reserve Bank of
Election Results Trigger 4% Dip in Japan’s Stock Market
Japan’s stock market crashed sharply after Japan’s Liberal Democratic Party elected Shigeru Ishiba as the country’s next prime minister. According to the New York Times, Japan’s Nikkei 225 index fell by 4% in early trading sessions of Monday. Mr Ishiba defeated Sanae Takaichi, a disciple of Shinzo Abe who remains
Federal Reserve Rate Cut Fuels Gains in Asian Markets
In the latest development, the Federal Reserve reduced its interest rates by 50 basis points, bringing them to a range of 4.75% to 5%. Later, the Hong Kong Monetary Authority followed suit and reduced its interest rate by 50 basis points to 5.25%. The tax cuts led to a rally