Hot Search

Loading ...

Business and Market Discussion / View from Japan

2022-01-25

Business and Market Discussion / View from Japan

2022-01-25
 Stocks around the world have tumbled, before US shares staged a huge afternoon rebound, as the Fed starts its first monetary policy meeting of the year later today and is widely expected to announce that it will bring an end to its stimulus policies that have sent equity markets surging over the past two years. Fears of a Russian invasion of Ukraine added to investor nervousness after the US and UK ordered partial withdrawals from their embassies in Ukraine. Growth stocks, especially in the technology sector, have taken the brunt of the selling amid a violent switch into value plays.

In a wild day on Wall Street, US shares plunged in the morning session before staging a stunning afternoon rebound, in the most volatile day of trading since 2008. The S&P 500 index was down 4% but closed 0.3% higher at 4,410, the first time the index has regained losses of 4% or more in a single day since the global financial crisis. It ended the day around 8% from its record three weeks ago. The Dow plunged over 1100 points at the low of the day before recouping all of its losses to close 99 points higher at 34,364. The Nasdaq Composite Index tumbled 4.9% at the low of the day but recovered to close 0.6% higher.

Futures markets are indicating more selling in Asia on Tuesday after huge volatility on Wall Street overnight, which saw the equity volatility gauge, the Vix, soar to a one-year high. In Japan, the Nikkei 225 is projected to open 0.8% lower. Hong Kong’s Hang Seng index is expected to fall around 250 points, starting the day at 24,400.


On Tuesday’s Money Talk, we’re joined by James Wong from Lead Securities and John Schofield at Tempus Investment. With a view from Japan is Nick Smith of CLSA.





Money Talk

A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live every weekday morning 8 to 8:30 a.m. on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
Back To Top