KARACHI: Pakistan Stock Exchange (PSX) on Monday plunged more than 1,100 points in a widespread bearish activity, sparked by the global equity sell-off over fears of a potential US recession and escalating tensions in the Middle East. The KSE-100 index started off the day positively, reaching its intra-day high of 78,330.09 points very soon. However, … Read more
SINGAPORE: US listed shares of crypto-linked companies slumped as bitcoin fell more than 15% on Monday, after weak economic data last week triggered fears of a recession and set off a frenzied selling of risky assets. The plunge marks a stunning reversal for the sector that until recently was riding a wave of optimism sparked … Read more
Apple (AAPL.O) and Nvidia (NVDA.O) spearheaded a significant sell-off in technology stocks on Monday as US recession concerns and Berkshire Hathaway’s (BRKa.N) decision to cut its stake in Apple ended a months-long rally in the sector. High-performing shares of Alphabet (GOOGL.O), Amazon (AMZN.O), Meta Platforms (META.O), Microsoft (MSFT.O), and Tesla (TSLA.O), along with Apple and … Read more