A global stock sell-off is deepening with investors fleeing to safe havens
Investors are turning to safe-haven assets such as the U.S. Treasurys and Swiss franc, as the global stock sell-off deepens.
Europe stocks close 2.2% lower amid global downturn as volatility index spikes to Covid-era high
European stocks fell sharply at the start of the new trading week, while the VIX volatility index spiked to a Covid-era high.
High temperatures scorch China, spiking power demand
The national weather forecaster on Monday cautioned of potential fire hazards caused by excessive power consumption and excessive electrical loads.
UBS says ‘going into Japan now is like catching a falling knife,’ warns stock sell-off will continue
The Nikkei 225 and the Topix extended their declines, falling past 7% on the day, and hovering close to bear market territory.
No passports needed: Singapore launches biometric immigration processing at Changi Airport
Singapore launches trials for travelers to clear immigration at Changi Airport using biometric data in lieu of passport checks.
Crypto selloff wipes out $367 billion in value as bitcoin, ether plunge
Bitcoin and ethereum suffered steep drops on Sunday as investors sold out of risky assets.
Taiwan under pressure to bolster its defense as Trump-Harris presidential race stokes policy concerns
Experts say that Taiwan is under more pressure to build up its defense capabilities and deterrence in the face of uncertainty in the upcoming U.S. elections.
China Evergrande’s EV arm units to enter bankruptcy, reorganization proceedings
China Evergrande New Energy Vehicle said a court ruled that two of its units should enter bankruptcy and be reorganized, following creditor filings last week.
Japan’s Nikkei logs worst day since 1987 Black Monday crash
The 12.4% loss on the Nikkei was the worst day for the index since the “Black Monday” of 1987.
These 10 stocks usually rise when Nvidia shares fall
While Nvidia tanked by nearly 12% last month, stocks identified by CNBC Pro rose by 9%.
