LONDON: World stocks fell to a two-week low and risk assets dipped lower on Wednesday after U.S. lawmakers called for an impeachment inquiry into President Donald Trump, increasing the prospects of prolonged political uncertainty.
MSCI's global stock index dropped 0.4per cent in a fourth straight day in the red - the longest losing streak since the end of July rout. Risk assets elsewhere also took a beating with China's offshore yuan fell, while oil futures extended declines. The U.S. House of Representatives will launch a formal impeachment inquiry over whether Trump sought help from the Ukraine to smear former Vice President Joe Biden, a front-runner for the 2020 Democratic presidential nomination.
The dollar index measuring the greenback against a basket of six major currencies nudged 0.2per cent higher. Forex markets elsewhere were also in a risk risk-off mood, with the Australian dollar and most emerging-market currencies lower.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia: Shares fall on Trump impeachment inquiry; New Zealand steady[BENGALURU] Australian shares fell on Wednesday after the US House of Representatives opened an impeachment inquiry into President Donald Trump, while signs of more tensions in US-China trade relations further undermined appetite for riskier assets. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Trump warns China over trade and Hong KongUNITED NATIONS: US President Donald Trump put China on notice at the United Nations on Tuesday (Sep 24) over its handling of the Hong Kong crisis, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
At UN, Trump pushes religious freedom at event that slams China over UighursUNITED NATIONS: US President Donald Trump called for an end to religious persecution on Monday (Sep 23) at a US event on the sidelines of the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hot stock: Precision manufacturer Shinvest shares hit year high in early tradeSHARES of precision manufacturer Shinvest Holding went up some 11 per cent before the lunch break on Tuesday, hitting as high as S$2.10 on Tuesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
SGX RegCo urges caution when dealing in Mirach Energy sharesSINGAPORE Exchange Regulation (SGX RegCo) on Tuesday urged investors and potential investors to exercise caution when dealing in the shares of Mirach Energy, flagging that a small group of individuals was responsible for nearly 70 per cent of the buy volume of the stock over a near-seven month period. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore shares rise 0.4% on Tuesday amid cautious optimismTHE Straits Times Index gained 0.39 per cent or 12.22 points to close at 3,155.46, in line with most Asian markets Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »