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6 HOURS AGO - Business Insider

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Australia Got Clobbered This Week

One of the big stories in global markets this year is the commodity decline. And this week we got clear evidence of Chinese slowing. These two closely-related stories have conspired to slam the Australian dollar, which is levered to both commodities and China. Since the beginning of April, it's been getting clobbered. (Via FinViz) Meanwhile, Aussie stocks also took it ...

Tags: Australia Got Clobbered This Week,  Australia Latest News

7 HOURS AGO - Business Insider

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Japan's Great Economics Experiment Is Facing Its First Real Test

TOKYO (Reuters) - This week's turbulence in Tokyo markets exposes a key risk of Prime Minister Shinzo Abe's all-in strategy to revive Japan's economy - if investor confidence falters, the government and the Bank of Japan may be left with few options to turn the tide. On Friday, the Nikkei share averagehad another tumultuous session, traversing a 7.1 percent range ...

Tags: Japan's Great Economics Experiment Is Facing Its First Real Test,  Australia Latest News

7 HOURS AGO - Wall Street Journal

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Tokyo Recovers, Sydney Extends Fall

Japanese stocks recovered Friday in another day of volatile trading, while Australia continued to struggle following Thursday's weak Chinese manufacturing data. The Nikkei rose 0.9%.

Tags: Tokyo Recovers, Sydney Extends Fall,  Australia Latest News

7 HOURS AGO - Wall Street Journal

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Recall of Australian Milk Spooks Asian Shoppers

A batch of skim milk from Australia has been found to contain high levels of bacteria and is being recalled by Hong Kong’s sole importer. The WSJ’s Caroline Henshaw explains how this may hurt consumer confidence more than anything else.

Tags: Recall of Australian Milk Spooks Asian Shoppers,  Australia Latest News

8 HOURS AGO - Business Insider

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Markets Are Lower After Another Insane Day In Japan

On Thursday, Japan crashed 7%. On Friday the market gained, but it was very strange. Check out the intraday chart of the Nikkei The index surged by 3% in early going. Then at one point it was down nearly 500 points on the day. Then in the end it scraped out a mediocre gain. This is going to shake the ...

Tags: Markets Are Lower After Another Insane Day In Japan,  Australia Latest News