Global stock rout sends S&P to 22-month low
Equities in Tokyo slide the most since August; corporate bond risk climbs even as the yen strengthens past 115 per US dollar for the first time in more than a year
Wellington
ANXIETY over the global economy intensified, with equities in Tokyo sliding the most since August and index futures indicating US stocks will add to declines that sent the Standard & Poor's 500 Index to a 22-month low. The yen reached its strongest since 2014 and corporate bond risk climbed.
Stock gauges in Japan and Australia slumped and US index futures slid at least 0.8 per cent. Markets from China to South Korea remained…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah
South Korea’s economic growth beats forecast as exports rise
China 2024 growth outlook raised to 4.8%, deflation risk lingers
Luxury sector outlook clouded by China’s slow recovery
‘We aren’t going anywhere’: TikTok CEO expects to defeat US restrictions
TikTok artists and advertisers to stay with app until ‘door slams shut’