Stock Markets

APR stock exchanges for today are trading in different directions

Published

2 years ago

October 6, 2022

APR stock exchanges for today are trading in different directions. Key stock indices of the Asia-Pacific Region (APR) on Thursday had no unified dynamics, according to trading data. China’s stock exchanges are still closed with the day off.

APR stock exchanges market – what’s going on?

Hong Kong’s Hang Seng Index was down 0.45% to 1,806.95 points, Australia’s S&P/ASX 200 was down 0.07% to 6,811.2 points, Japan’s Nikkei 225 gained 0.93% to 2,790.5 points and Korea’s KOSPI gained 1.24% to 2,242.28 points.

Chinese markets are still closed with the next holiday. On Friday Shanghai Composite index declined 0.55% to 3,024.39 points and Shenzhen Composite by 1.3% to 1,912 points.

On Thursday, Asia-Pacific indexes didn’t show the same dynamics as traders were evaluating statistics from the U.S. The number of jobs in private companies in the country grew by 208,000 in September, although analysts expected the index to increase only by 200,000. Thus, the positive economic data supported fears of a sharper rate hike by the U.S. Federal Reserve.

“The economy is too strong for the Fed to turn the other way. The strong start to October is over,” the Associated Press quoted Oanda analyst Edward Moya as saying.

Earlier, we mentioned that Wall Street closed lower after a two-day rally.

Stock Markets

US anti-missile system in Israel used to intercept projectile from Yemen

Published

21 hours ago

December 28, 2024

(Reuters) – An advanced U.S. military anti-missile system was used in Israel to try to intercept a projectile for the first time since President Joe Biden placed the system in Israel in October, a source familiar with the matter told Reuters on Friday.

The THAAD, or Terminal High Altitude Area Defense system, was used to try to intercept a projectile from Yemen sometime during the last 24 hours, and an analysis would determine its success, said the source who spoke on condition of anonymity.

The Pentagon did not immediately respond to a request for comment.

Israel struck multiple targets linked to the Iran-aligned Houthi movement in Yemen on Thursday, including Sanaa International Airport, and Houthi media said at least six people were killed.

Houthis have repeatedly fired drones and missiles towards Israel in what they describe as acts of solidarity with Palestinians in the Gaza Strip.

© Reuters. FILE PHOTO: U.S. Secretary of the Army Christine Wormuth speaks near a Terminal High Altitude Area Defense (THAAD) missile and the Pac-3 Missile Segment Enhancement during the Association of the United States Army annual meeting and exposition at the Walter E. Washington Convention Center in Washington, U.S., October 14, 2024. REUTERS/Nathan Howard/File Photo

In October, Biden placed the THAAD system, built by Lockheed Martin (NYSE:), in Israel along with about 100 U.S. soldiers to help defend the country.

THAAD is a critical part of the U.S. military’s layered air defense systems and added to Israel’s already formidable anti-missile defenses.

Stock Markets

Senate intelligence panel criticizes CIA response to Havana syndrome

Published

21 hours ago

December 28, 2024

(Reuters) – A bipartisan Senate Intelligence Committee report published on Friday criticized the CIA’s response to so-called Havana syndrome health problems among its workforce, saying many individuals “faced obstacles to timely and sufficient care.”

© Reuters. FILE PHOTO: A vintage car used for touristic city tours passes by the U.S. Embassy in Havana, Cuba, November 10, 2021. Photo taken on November 10, 2021. REUTERS/Alexandre Meneghini/File Photo

A declassified summary of the panel’s classified report also said the spy agency’s response “negatively affected” those who reported symptoms, leading to a “trust deficit” among some personnel.

While the CIA provided benefits and compensation to many of those reporting symptoms, the report said, the ease of accessing those programs has been inconsistent, affecting how the agency has been organized to deal with the matter.

Stock Markets

Saba capital management buys $826,865 in Pioneer Municipal High Income Fund stock

Published

21 hours ago

December 28, 2024

Following these transactions, Saba Capital now holds 4,057,625 shares of Pioneer Municipal High Income Fund, reflecting its continued confidence in the fund’s performance. The fund currently offers a 4.53% dividend yield and maintains a conservative beta of 0.67, indicating lower volatility compared to the broader market. This move underscores Saba Capital’s strategy to enhance its position in the municipal bond market through this investment. InvestingPro analysis reveals several additional key metrics and insights about MHI’s financial health and market position.

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