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- Stocks rebound after tech sell - off and Indonesia shares sink on market downgrade warning
- Stocks rebound after tech sell - off and Indonesia shares sink on market downgrade warning
World shares mostly rose on Friday, a day after a tech sell-off dragged Asian stocks lower, while Indonesia's market plunged after index provider MSCI warned it would downgrade the country from “emerging market” status, raising fears of capital flight. The Jakarta Composite fell more than 11%, its largest single-day drop since 1998 according to Trading Economics. In Asia, South Korea's Kospi rose 2.1% and Japan's Nikkei 225 gained 1.4% after heavy losses the previous day as AI-related shares eased. Fed Chair Kevin Warsh said AI could bring major benefits to the global and U.S. economies. Oil stayed elevated amid the Iran war, with Brent down 0.6% to $105.26 a barrel and U.S. crude down 0.9% to $97.11.
- Stocks rebound after tech sell - off and Indonesia shares sink on market downgrade warning
Asian shares mostly rose on Friday after a tech sell-off the day before, but Indonesia’s stock market plunged after index provider MSCI warned it would downgrade the country from emerging-market status, raising concerns about capital flight. South Korea’s Kospi jumped 3.6% after falling 7.6% the previous day, and Japan’s Nikkei 225 rose 1.9% to 65,658.59. In Indonesia, the Jakarta Composite fell more than 10%, its lowest in years. Oil prices stayed elevated, with Brent crude down 0.4% to $105.46 per barrel, well above around $72 in late February before the Iran war began.
- Stocks rebound after tech sell - off and Indonesia shares sink on market downgrade warning
World shares mostly advanced on Friday after a tech sell-off the day before sent Asian stocks sharply lower. Indonesia's market plunged, however, after index provider MSCI warned it would downgrade the country from emerging market status, raising concerns about capital flight; the Jakarta Composite fell more than 11%, its largest single-day decline since 1998. In Asia, South Korea's Kospi jumped 2.1% to 5,668.05 after tumbling 7.6% the previous day, while Japan's Nikkei 225 rose 1.4% to 65,324.29. Oil prices remained elevated, with Brent down 0.6% to $105.26 a barrel, well above roughly $72 in late February before the war began. Fed chair Kevin Warsh said AI could bring huge benefits to the global and U.S. economies.
- Stocks rebound after tech sell - off and Indonesia shares sink on market downgrade warning
- Stocks rebound after tech sell - off and Indonesia shares sink on market downgrade warning
Most Asian shares rose on Friday after a tech sell-off the previous day dragged stocks lower. Indonesia's Jakarta Composite plunged more than 10% to its lowest level in years after MSCI warned it would downgrade Indonesia from its 'emerging market' status, raising concerns about capital flight. South Korea's Kospi jumped 3.6% after falling 7.6% the day before, Japan's Nikkei 225 rose 1.9% to 65,658.59, and Hong Kong's Hang Seng gained 1.2%. Fed Chair Kevin Warsh said AI could bring huge benefits to the global and U.S. economies, while on Thursday the Dow rose 1.1% and the S&P 500 added 0.3%. Brent crude fell 0.4% to $105.46 a barrel, still well above the roughly $72 in late February before the Iran war began, as there is no U.S.-Iran deal to end the war and supply through the Strait of Hormuz remains under pressure.
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