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Asian markets opened lower after a volatile session on Wall Street. Japan and South Korea saw significant drops. Tech stocks faced pressure from company outlooks and earnings. Trade tensions between the US and China resurfaced. Oil prices jumped on new US sanctions. Retail momentum trades experienced sharp losses. US companies are showing strong earnings this quarter.
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News and Media
President Trump announced the cancellation of a planned summit with Russian President Vladimir Putin, citing a lack of progress in diplomatic efforts and a feeling that the timing was not right. Trump expressed frustration that discussions with Putin, though positive, have not yielded tangible results. This decision coincided with the White House imposing new sanctions on Russian oil exports.
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News and Media
South African firms that do remote work for North American and European businesses growing strongly.
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News and Media
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