Stock market 100 year chart

A screen in Hana Bank's trading room in central Seoul shows the Kospi closing at 2,592.34 points on Thursday, down 33.64 points, or 1.28 percent, from the previous trading day. [YONHAP] Shares dropped by more than 1 percent to snap a two-day winning streak, as investor appetite for risky assets fell amid fears about high-flying inflation that sparked a massive sell-off on Wall Street. The won fell against the dollar. The Kospi retreated 33.64 points, or 1.28 percent, to close at 2,592.34 points. Trading volume was moderate at about 663 million shares worth some 9.7 trillion won ($7.6 billion), with losers outnumbering gainers 767 to 124. Institutions sold a net 483.4 billion won, and foreigners offloaded 97.9 billion won, while retail investors bought 520.2 billion won. The key stock index faltered below the 2,600-point mark at the opening bell, tracking an overnight plunge on Wall Street. The S&P 500 sank 4.04 percent Thursday, the sharpest drop since June 2020, as … [Read more...] about Stocks drop more than 1 percent after Wall Street plunge

- A + A BENGALURU (May 19): The Philippine peso firmed on Thursday after its central bank raised rates for the first time in more than three years, while Asian shares tumbled on concerns around surging inflation, its impact on retail demand, and the threat of a recession. Stocks in Manila fell 1%, while the Philippine peso edged up 0.2%. The Philippine central bank raised its benchmark interest rate by 25 basis points, as expected, to address rising inflationary pressures. "With the recovery in hand and price pressures surging, Bangko Sentral ng Pilipinas (BSP) finally decided to join the rate-hike club... The bigger development was the quick walk-back of pandemic support with BSP closing the provisional advance and tweaking the bond purchase window," said Nicholas Antonio Mapa, senior economist at ING. Equities in the region also tracked weakness on Wall Street overnight as retail giant Target Corp warning of a bigger margin hit due to rising fuel and freight … [Read more...] about Philippine peso firms after rate hike, Asian stocks fall on growth fears

Share to Twitter Share to Linkedin Summer travel is starting to heat up in cities across the U.S. and if you’re looking for some travel inspiration before booking your next trip, Yelp just released their annual list of the top 100 places to stay in 2022. Taking the top spot this year is Colorado Springs’ Garden of the Gods Resort and Club , followed by Sonoma’s Olea Hotel , which the website hails as a “luxe base camp for exploring California wine country.” "Just in time for summer travel season, this list of top hotels across the U.S. has something for everyone,” Yelp’s resident Trend Expert Tara Lewis said in a statement around the news. “Whether you’re looking for an under-the-radar spot for a trip with friends, a quiet family vacation surrounded by nature, or a romantic hideaway near the beach, you'll find accommodations at a variety of price point.” Among other top rated contenders ranked by Yelpers is a grownup sleep-away camp at … [Read more...] about From Savannah To San Francisco —The Top 100 Places To Stay In The U.S. In 2022, According To Yelp

INQUIRER.net Stock Photo A great-grandmother has just proven once again that people can overcome challenges – such as age – when they set their sights on their goals and get the proper support. At 78 years old, Vivian Cunningham was able to earn her undergraduate degree in liberal studies at Samford University in Alabama, USA, as per NBC’s Today on May 12. “If I could have done cartwheels across the stage, I would have,” Cunningham was quoted as saying. Cunningham, who stressed that she “really [loves] learning,” graduated while being a mother of two, a grandmother of three and a great-grandmother of three. She spent six years at the university to earn her diploma, according to the report. Before earning the said undergraduate degree, however, Cunningham had already gotten an associate degree in paralegal studies after she retired back in 1992. Cunningham worked as a custodian for 29 years and then as the head of the mailroom for the Alabama Power Company before retiring. … [Read more...] about 78-year-old great-grandmother earns undergraduate degree

- A + A HONG KONG (May 19): Hong Kong new listings' volume plunged 90% to a nine-year low this year, data showed, as China's sharp economic slowdown and its regulatory drive cast a long shadow over the city's prospects as a destination for initial public offerings (IPOs). The drying up of share listings in Hong Kong bodes ill for investment banks, who make about a third of their revenue in the region from equity capital market deals, and for the Chinese-ruled territory's status as a global financial hub. Only US$2.1 billion has been raised this year via IPOs and secondary listings in Asia's most popular fundraising venue compared with US$20.7 billion by the same time last year, according to Refinitiv data, the slowest start to a year since 2013. "One of the reasons for the IPO market in Hong Kong falling so sharply is the deteriorating financial performance for most of the applicants in the previous financial year, and it is possible that will be the case for the … [Read more...] about Hong Kong new listings’ volume sinks to nine-year low on China slowdown

Wan Razly as seen speaking at a press conference in conjunction with the official collaboration of AFFIN x MYTHEO on Thursday (May 19). (Photo by Kenny Yap/The Edge) - A + A KUALA LUMPUR (May 19): Affin Bank Bhd expects its loan growth to expand to 12% compared with 11% last year amidst a challenging economic and operating environment, according to the banking group’s president and chief executive officer Datuk Wan Razly Abdullah Wan Ali. Speaking at a Thursday (May 19) press conference in conjunction with the official collaboration of AFFIN x MYTHEO, Wan Razly said the bank had recorded good loan growth for the first quarter. However, he does not rule out the loan growth tapering off as things will become more expensive for borrowers and they would want to borrow less as they try to minimise their cost with the anticipation of overnight policy rate (OPR) hikes. “For us, we always look for ways to optimise our net interest margin (NIM) with the biggest … [Read more...] about Affin Bank optimistic on loan growth despite its expectation for another potential OPR hike this year

Share to Twitter Share to Linkedin If you’ve ever wanted to spend the summer touring Northern Europe, leading hotel chain Nordic Choice has an ideal offer for you. The chain has announced that its unlimited hotel nights pass will return for the summer of 2022. 58-night and 7-night passes available The unlimited pass allows up to 58 nights of hotel stays for two people between June 24 and August 21. Priced at €3,000 (approx. $3,160), the unlimited pass starts to approach good value if you plan to stay more than two weeks in the region, especially as it includes breakfast. If you do manage to use all 58 nights, it works out at less than $55 per person. Of more use to the average traveler will be the 7-day pass , available for €595 (approx. $626). Marketed as ‘my summer treat’, the pass also includes breakfast and would work out at about $89 per night for the full seven nights. If you’re planning a week-long trip to the Nordics this summer … [Read more...] about Nordic Choice Unlimited Hotels For $3,100 Deal Returns For Summer

A super slide for stocks, bonds, and cryptocurrencies rolled all the way into last week, right up until Friday, when the Nasdaq posted its strongest one-day gain since November of 2020. Despite Friday's gains, the major averages posted losses for the week, with the Dow closing down more than 2% and posting its first seven-week losing streak since 2001. The S&P 500 fell 2.5% and hit its longest weekly losing streak since 2011, while the Nasdaq fell 2.8%. It's been a rough, rough year across capital markets. A full $35 trillion in global market value has been erased since the beginning of the year. That's 14% of all global wealth, including a trillion dollars of losses in cryptocurrencies. To put those losses in perspective, 2008 saw a 19% decline in global market value, and that doesn't include non-financial assets such as housing. Still, perspective is everything, especially for investors who have been invested in the U.S. stock market for at least five years. Believe it or not, … [Read more...] about Keeping it Real with Real Vision’s Raoul Pal

- A + A LONDON (May 19): Heavy falls in European and Asian stock markets followed Wall Street's worst day since mid-2020 on Thursday, as stark warnings from some of the world's biggest retailers underscored just how hard inflation is biting. Bond markets rallied in the dive for safety and on bets that interest rate rises may get recalibrated, but it was the gloom striking down equities after Wednesday's US$25 billion wipeout in US retailer Target's shares that dominated the action. Europe opened down 1.8%, led by a 2.2% fall in its retail sector, while scarlet red US futures and some sharp overnight drops in China tech firms put 1½-year lows back in focus for MSCI all-country world. "Target and Walmart coming out with disappointing numbers has really, really spooked people," said Close Brothers Asset Management's Chief Investment Officer Robert Alster. "We are going to see a raft of downgrades to US GDP (forecasts) now... it really looks like we are running into … [Read more...] about Shares slump as retailer warnings fuel stagflation fears

Examples of Art Deco architecture in Mumbai include the Chhatrapati Shivaji Terminus, Eros Cinema, the Bombay High Court, the Gateway of India and at least 35 buildings along Marine Drive. (Image: Md Mahdi via Unsplash) Mumbai is a city of dreams and shocking realities. And in-between Bollywood bling and bumper-to-bumper traffic are oodles of art, heritage, culture, mystery and sumptuous food. The best way to get to know Mumbai is to get out and explore. Luckily, we have some experts who can shine a light and show us the city as we have never seen it before. Here some of the best offbeat tours of Mumbai: Grisly Girgaon walk by Khaki Tours Dare to venture into the haunted lanes of Mumbai and become a ghost buster? Then join this walking tour around Girgaon in south Mumbai. Organised by Khaki Tours, the 2-hour walk takes participants on a exploration of the old buildings and graveyards which come alive through the stories associated with them. “My maternal side of the … [Read more...] about India heritage tours | Unusual things to do in Mumbai