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Commodity slump, China COVID fears drag Australian shares 2% lower
Featured On: USER WALLS
"Markets are concerned that additional lockdowns in China could crimp demand for domestic imports, including iron ore, coal, oil, and gas. Speculations are rife that a slowdown in the Chinese economy could deliver a serious knock-on effect on its trade partners, such as Australia," said Kunal Sawhney, chief executive officer of Kalkine Group.
Read Original Article...ASX Update: Stocks fall as inflation surge points to May rate hike
Featured On: The Market Herald
“US stocks fell sharply last night as fears of an economic slowdown gripped investors amidst intensifying inflationary pressures. The recent outbreak of coronavirus cases in Beijing spooked investors, fuelling concerns around additional lockdowns and their impact on global economic growth,” Kunal Sawhney, chief executive of research group Kalkine, said.
Read Original Article...Commodity slump, China COVID fears drag Australian shares 2% lower
Featured On: XM
"Markets are concerned that additional lockdowns in China could crimp demand for domestic imports, including iron ore, coal, oil, and gas. Speculations are rife that a slowdown in the Chinese economy could deliver a serious knock-on effect on its trade partners, such as Australia," said Kunal Sawhney, chief executive officer of Kalkine Group.
Read Original Article...ASX Close: Shares fall for third day as rates add to worries
Featured On: The Market Herald
“The year 2022 has certainly not been a pleasant ride for the Australian share market,” Kunal Sawhney, chief executive at research group Kalkine, said. “Australian stocks have faced several headwinds this year, including inflationary pressures, interest rate hike fears, concerns around the Russia-Ukraine war and now setbacks from COVID-19 lockdowns in China.”
Read Original Article...ASX Close: Shares fall for third day as rates add to worries
Featured On: The market herald
“The year 2022 has certainly not been a pleasant ride for the Australian share market,” Kunal Sawhney, chief executive at research group Kalkine, said. “Australian stocks have faced several headwinds this year, including inflationary pressures, interest rate hike fears, concerns around the Russia-Ukraine war and now setbacks from COVID-19 lockdowns in China.”
Read Original Article...ASX Update: Stocks fall as inflation surge points to May rate hike
Featured On: The market herald
“US stocks fell sharply last night as fears of an economic slowdown gripped investors amidst intensifying inflationary pressures. The recent outbreak of coronavirus cases in Beijing spooked investors, fuelling concerns around additional lockdowns and their impact on global economic growth,” Kunal Sawhney, chief executive of research group Kalkine, said.
Read Original Article...