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Tumbling tech stocks lead Asian-market slide Ayaz Ebrahim, portfolio manager for emerging markets Asia-Pacific at J.P. Morgan Asset Management, said the fund manager had reduced its "significant overweight" position in tech stocks during the past 18 months. The asset manager has shifted into financial stocks. "We believe higher interest rates ...
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Warning Sign: Tech Stocks Are Dominating Global Markets Like Never Before Financial stocks, in second place, account for 16.8%, according to Thomson Reuters. Should big tech stocks falter further, the broader market could follow suit. "Due to Facebook's privacy scandal, the techlash theme has been gaining momentum," Mr. O'Rourke said. "Since consumer privacy data is the ...
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Explainer: Shanghai Crude Futures Complete Globalization of Oil Markets SINGAPORE (Reuters) - China's launch of a crude oil contract this week on the Shanghai Futures Exchange (ShFE) allows investors for the first time to take ... Oil markets have until now been dominated by two financial futures instruments: U.S. West Texas Intermediate (WTI) <0#CL> and Europe's Brent ...
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UPDATE 1-Asia Morning Call-Global Markets March 28 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 5,832.3 41.8 NZX 50** 8,508.12 75.71 DJIA** 23,857.71 -344.89 NIKKEI** 21,317.32 551.22 Nasdaq** 7,008.806 -211.737 FTSE** 7,000.14 111.19 S&P 500** 2,658.55 -45.93 Hang Seng** 30,790.83 242.06 SPI ...
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