Asia's stock markets had their worst session in two weeks on Friday following a tech-led plunge on Wall Street, though gains in safer assets like bonds and dollars were muted as investors awaited U.S. job data to see if it triggers a bigger selloff.
Japanese shares fell on Friday, after a sell-off in high-flying U.S. technology stocks dragged Wall Street's main indexes to their sharpest decline in nearly three months.
Asia's stock markets slipped on Friday, following the steepest Wall Street selloff since June, while safer bonds and the dollar found support as investors sought shelter.
Wall Street's main indexes closed sharply lower on Thursday, marking their deepest one-day declines since June as investors dumped the high-flying technology sector, while economic data highlighted concerns about a long and difficult recovery.
Stocks fell in historic fashion after a string of record-breaking sessions. The Dow in particular plunged over 800 points to its worst single-session drop since June, despite the number of first-time filers for unemployment benefits totaling 881,000 -- well below last week's.
A gauge of global stocks fell on Thursday from a record high in its biggest one-day decline in nearly three months as the technology sector sold off, while the dollar continued its bounce from more than two-year lows.
The Japanese yen and Swiss franc strengthened against the dollar on Thursday afternoon as a selloff in the U.S. stock market drove investors into the safe-haven currencies.
Wall Street's main indexes closed sharply lower on Thursday, marking their deepest one-day dives in months as investors dumped the high-flying technology sector, while economic data highlighted concerns about a long and difficult recovery.
Wall Street's main indexes tumbled on Thursday and were on track for their deepest one-day dives since June as investors dumped the high-flying technology sector, while economic data highlighted concerns about a long and difficult recovery.
So much for that record high. One day after setting another all-time high, the S&P 500 Index (SNPINDEX: ^GSPC) is in a rout, down 3.1%, or more than 100 points, just before 1 p.m. EDT on Sept. 3. In a typical year, a 3% move down would likely go down as the worst day of th
What happened
The stock market crashed hard on Thursday, Sept. 3. At 1:15 p.m. EDT, the Dow Jones Industrial Average stood 2.6% lower and the broader S&P 500 index had fallen 3.4%. The tech-heavy Nasdaq Composite led the pack with a decline of 4.6%, giving us a big clue to t
High-flying tech stocks were selling off hard on Thursday, driving the Dow Jones Industrial Average (DJINDICES: ^DJI) down 1.8% by 11:45 a.m. EDT. Filings for jobless claims declined slightly last week from the week before, according to a Labor Department report, but a change in
Wall Street's main indexes tumbled on Thursday, heading for their worst day since June as investors dumped high-flying technology-focused stocks, while economic data highlighted concerns about a long and difficult recovery.
TikTok launched a marketing program on Thursday to attract more advertisers with tools to measure the success of ad campaigns that run on its popular short video app.
Wall Street's main indexes fell on Thursday as technology-focused stocks lost strength, while elevated jobless claims and a slowdown in services sector fueled fears of a slow and prolonged economic recovery.
China's new tech export rules do not target any specific company, the commerce ministry said on Thursday, when asked if the new rules mean ByteDance's sale of TikTok's U.S. operations could require Beijing's approval.
TikTok's prospective buyers are discussing four ways to structure an acquisition from its Chinese owner ByteDance, which include buying the app's U.S. operations without key software, after Beijing stalled a deal which could be worth $30 billion, sources said.
A group representing major internet companies including Facebook Inc, Amazon.com Inc and Alphabet Inc's Google on Wednesday urged the Federal Communications Commission (FCC) to reject a Trump administration bid to narrow the ability of social media companies to remove objectionable content.
A group representing major internet companies including Facebook Inc, Amazon.com Inc and Alphabet Inc's Google, on Wednesday urged the Federal Communications Commission (FCC) to reject a Trump administration bid to narrow the ability of social media companies to remove objectionable content.