Market Updates
Indexes in Japan and China Plunge, Yen at Two-Decade Low
Arjun Pandit
25 Apr, 2022
New York City
Asian markets fell sharply after 3% losses in New York in Friday's trading.
In Tokyo, the benchmark Nikkei index declined 1.9% and the Japanese yen traded above 129 to a dollar. The yen has fallen to a 2-decade low and dropped 10% against the U.S. dollar, euro, and the British pound since the U.S. Fed began raising rates on March 16.
The weaker yen and weak domestic economy is forcing more Japanese companies to look for markets in Asia and worldwide. But weaker yen also lifts energy and fuel prices at home in resource-poor Japan.
In China, the Shanghai index plunged more than 5% and the Hong Kong index dropped nearly 4% led by tech and financial stocks.
China confirmed that Covid virus has spread to more locations in Beijing in the last week undetected and infection cases are rising rapidly in the city.
Most of Shanghai, the financial hub, remains in a prolonged lock down and at least 100 new deaths have been reported since Friday in the city.
The Sensex in Mumbai, India declined 1% and extended 2-day losses to 3% on the rising prospect of a rate hike and persistent worries of commodities and energy prices linked inflation.
Covid related cases are also on the rise in Uttar Pradesh, Maharashtra, Delhi and the National Capital Region.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|