Sun, 28 September
16.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Nikkei dives 2%, Italy uncertainty rattles Asia, CNBC reports

YEREVAN, February 26. /ARKA/. Asian stock markets tumbled on Tuesday, with Japan leading losses after a general election in Italy pointed to deadlock in parliament and raised fears of a new crisis in the euro zone.

“It’s rather disappointing that we haven’t had a positive outcome, it looks like we’re going to end up with a hung parliament situation,” Paul Bloxham, chief economist for Australia at HSBC told CNBC. “When you’re sitting over here in Asia or in Australia, then the disappointment is that there isn’t a clear path as to how this thing’s going to resolve itself.”

The uncertainty in Italy has infused a degree of volatility back into markets after weeks of trading in a risk-on environment, which has helped stocks in Japan and Australia add 5 percent and 4 percent respectively since the start of the month.

Federal Reserve Chairman Ben Bernanke appears before the Senate Banking Committee later in the day and any comments he makes about an early end to the central bank’s ultra-easy monetary policy may weigh on sentiment further.

“Traders will be looking for clues which support the QE3 (quantitative easing) program after last week’s Fed policy meeting appeared to hint it may end sooner than expected,” said Jason Hughes, head of premium client management at IG Markets. –0–

spot_img

POPULAR

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img