Page 364 - Bkr News Today

Stocks suffered their sharpest drop in three months in Asia on Friday and oil tumbled after the detection of a new and possibly vaccine-resistant coronavirus variant sent investors scurrying toward the safety of bonds, the yen and the dollar.

Global stocks tumbled on Friday and oil fell below $80 a barrel after news of a possibly vaccine-resistant coronavirus variant sent investors scurrying to the safety of bonds, the yen and the Swiss franc.

The United States on Friday issued a joint statement along with Australia, Canada, New Zealand, Norway, South Korea and Britain expressing concern over a military offensive in Myanmar that they say is disproportionately harming civilians.

U.S. stocks tumbled on Friday as markets reopened after Thanksgiving, European shares were poised for their worst sell-off in a year and oil prices hit two-month lows as fears of a possibly vaccine-resistant coronavirus variant sent investors scurrying to safe-haven assets.

South Korea's mobile and online game producers are luring players with services using non-fungible tokens (NFTs), jumping on a trend the firms see as the future of the sector and sparking a sharp rally in their shares in recent weeks.

Asian emerging market shares were broadly weaker on Thursday, hurt by the dollar's strength, as a hawkish tilt by Federal Reserve policymakers encouraged bets for quicker U.S. interest rate hikes, and made investors more wary of riskier assets.

Asian shares wobbled lower on Thursday, hurt by the U.S. dollar which continued to march higher as investors bet on interest rates rising more quickly in the United States than in other major economies such as Japan and the euro zone.

Round-up of South Korean financial markets:

When K-Pop sensation BTS announced that their first in-person concerts since the start of the pandemic would be in the United States, Kim Ji-eun immediately booked a flight and hotel, praying that COVID rules would let her attend all four shows.

A tech shares bounce carried European equities higher on Thursday, following similar gains on Wall Street and Asia and helped also by a small pullback in the dollar from a 17-month high.