Manufacturing in Asia is deteriorating due to the weak economy of China, leading to a decline in demand for goods.
The Japanese currency continues to lose its strength. The yen fell to the level of 145 against the dollar, which is the lowest level in the past 8 months.
Over the past three days, Japanese biopharmaceutical company Sosei Group Corp. has experienced significant losses in market value and uncertainty in its prospects.
Oil prices are fluctuating amid conflicting macroeconomic signals, causing mixed reactions among investors.
The Chinese technology sector has faced difficulties. The Hang Seng Index, reflecting the state of the Chinese technology sector, has decreased by 6.2% in 2023.
While the rebellion led by Wagner Group’s leader, Yevgeny Prigozhin, has been quelled, the crisis still poses a significant threat to stability in Russia.
The Turkish lira continues its downward trajectory, triggered by the remarks of the Minister of Finance and Treasury.
Several American companies have filed applications to launch ETFs, but regulators have not yet made a decision on this matter.
Recently, oil prices have been fluctuating due to the assessment of China’s efforts to stimulate the economy and expectations from the Federal Reserve (Fed).
Oil prices have fallen due to concerns that the stimulus measures for the recovery of the Chinese economy may fall short of expectations.