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Dow sinks 530 points after Fed rate hike

STORY: Dow sinks 530 points after Fed rate hike DATELINE: March 23, 2023 LENGTH: 00:02:28 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of New York Stock Exchange on Wall Street 2. various of the Federal Reserve 3. various of Fed Chair Jerome Powell making an announcement 4. various of a Signature Bank branch in Manhattan, New York STORYLINE: U.S. stocks fell sharply on Wednesday after the Federal Reserve raised rates by a quarter of a percentage point. The Dow Jones Industrial Average fell 530.49 points, or 1.63 percent, to 32,030.11. The S&P 500 dropped 65.90 points, or 1.65 percent, to 3,936.97. The Nasdaq Composite Index shed 190.15 points, or 1.60 percent, to 11,669.96. All the 11 primary S&P 500 sectors ended in red, with real estate and financials down 3.64 percent and 2.37 percent respectively, leading the slide. The Fed approved a 25 basis point rate hike at the conclusion of its two-day meeting on Wednesday, forging ahead with its fight against stubborn inflation despite fina

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Nikkei plunges over 400 points on credit concerns

TOKYO, Japan - A man walks past an electronic board at a securities company in Tokyo displaying the sharp falls in share prices on the Tokyo Stock Exchange on Aug 10. The 225-issue Nikkei Stock Average lost 406.51 points, or 2.37 percent, closing the day's session at 16,764.09.

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Tokyo stocks trading starts

The floor of the Tokyo Stock Exchange (TSE) is thronged for the opening of the year's first trading session Jan. 4. Shares on the Tokyo market opened sharply lower, with the 225-issue Nikkei average falling 327.94 points, or 2.37 percent, from Dec. 30 to 13,514.23 in the first 15 minutes of trading. Floor trading in Tokyo will disappear in April with the beginning of full-scale computerization.

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Türkiye's inflation hits 24-year high of 79.6 pct

STORY: Türkiye's inflation hits 24-year high of 79.6 pct DATELINE: Aug. 4, 2022 LENGTH: 0:00:58 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Ankara 2. various of Turkish lira and the exchange office STORYLINE: Türkiye's annual inflation hit 79.6 percent in July, the highest level in 24 years, according to official data on Wednesday. Consumer prices increased by 2.37 percent month-on-month in July, the Turkish Statistical Institute announced, adding that the annual rate of consumer price was 78.6 percent in June. The highest annual price surge was in the transportation sector with 119.11 percent. The cost of food and non-alcoholic drinks increased 94.65 percent, while furnishings and household equipment prices were up 88.35 percent. The domestic producer price index climbed 5.17 percent month on month in July, with an annual rise of 144.61 percent. The country is undergoing financial woes unseen in decades, with the Turkish lira plunging since the outbreak of th

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Austrian wineries eye China's niche market

STORY: Austrian wineries eye China's niche market DATELINE: April 17, 2022 LENGTH: 00:01:30 LOCATION: Vienna CATEGORY: ECONOMY/MARKET SHOTLIST: 1. various of the wine 2. SOUNDBITE (German): JOHANNES SCHMUCKENSCHLAGER, President of the Austrian Winegrowers' Association STORYLINE: Johannes Schmuckenschlager, president of the Austrian Winegrowers' Association, said he is optimistic about Austrian wines further expanding their footprint in the highly competitive Chinese market. According to the Austrian Wine Marketing Board, the revenue of Austria's wine exports to China reached 2.19 million euros (about 2.37 million U.S. dollars) in 2021, surging 77.9 percent from the previous year. SOUNDBITE (German): JOHANNES SCHMUCKENSCHLAGER, President of the Austrian Winegrowers' Association "Now the Chinese wine lovers have discovered white wine, and Austria is among the world leaders in this area. Austrian white wines are known for their composition, fruitiness, extracts and drinking pleasure. We have such advantages

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Yoon Suk-yeol of opposition party wins S. Korean presidential election

STORY: Yoon Suk-yeol of opposition party wins S. Korean presidential election DATELINE: March 10, 2022 LENGTH: 00:01:40 LOCATION: Seoul CATEGORY: POLITICS SHOTLIST: 1. various of Yoon Suk-yeol (courtesy of Yonhap) STORYLINE: Yoon Suk-yeol of the main conservative opposition People Power Party won a narrow victory in the South Korean presidential election. Yoon garnered 48.56-percent support in the election held on Wednesday, defeating his liberal rival by a narrow margin, according to the final results released by the National Election Commission on Thursday. Lee Jae-myung of the ruling Democratic Party gained 47.83 percent, and Sim Sang-jung of the progressive Justice Party won 2.37 percent of the votes. Yoon celebrated with jubilant party officials at the National Assembly building, saying in an aired speech that it was a victory of the great people. The president-elect expressed thanks to his rivals, Lee and Sim who competed with him to the end, saying that the whole country should work together and

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U.S.-NEW YORK-STOCK MARKET-FALL

(220308) -- NEW YORK, March 8, 2022 (Xinhua) -- A trader works at the New York Stock Exchange in New York, the United States, March 7, 2022. U.S. stocks ended lower on Monday. The Dow fell 2.37 percent to 32,817.38, the S&P 500 decreased 2.95 percent to 4,201.09, and the Nasdaq shed 3.62 percent to 12,830.96. (Courtney Crow/NYSE/handout via Xinhua)

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U.S.-NEW YORK-STOCK MARKET-FALL

(220308) -- NEW YORK, March 8, 2022 (Xinhua) -- Traders work at the New York Stock Exchange in New York, the United States, March 7, 2022. U.S. stocks ended lower on Monday. The Dow fell 2.37 percent to 32,817.38, the S&P 500 decreased 2.95 percent to 4,201.09, and the Nasdaq shed 3.62 percent to 12,830.96. (Courtney Crow/NYSE/handout via Xinhua)

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U.S.-NEW YORK-STOCK MARKET-FALL

(220308) -- NEW YORK, March 8, 2022 (Xinhua) -- A trader works at the New York Stock Exchange in New York, the United States, March 7, 2022. U.S. stocks ended lower on Monday. The Dow fell 2.37 percent to 32,817.38, the S&P 500 decreased 2.95 percent to 4,201.09, and the Nasdaq shed 3.62 percent to 12,830.96. (Courtney Crow/NYSE/handout via Xinhua)

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U.S.-NEW YORK-STOCK MARKET-FALL

(220308) -- NEW YORK, March 8, 2022 (Xinhua) -- Traders work at the New York Stock Exchange in New York, the United States, March 7, 2022. U.S. stocks ended lower on Monday. The Dow fell 2.37 percent to 32,817.38, the S&P 500 decreased 2.95 percent to 4,201.09, and the Nasdaq shed 3.62 percent to 12,830.96. (Courtney Crow/NYSE/handout via Xinhua)

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U.S.-NEW YORK-STOCK MARKET-FALL

(220308) -- NEW YORK, March 8, 2022 (Xinhua) -- Traders work at the New York Stock Exchange in New York, the United States, March 7, 2022. U.S. stocks ended lower on Monday. The Dow fell 2.37 percent to 32,817.38, the S&P 500 decreased 2.95 percent to 4,201.09, and the Nasdaq shed 3.62 percent to 12,830.96. (Courtney Crow/NYSE/handout via Xinhua)

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U.S.-NEW YORK-STOCK MARKET-FALL

(220308) -- NEW YORK, March 8, 2022 (Xinhua) -- A trader works at the New York Stock Exchange in New York, the United States, March 7, 2022. U.S. stocks ended lower on Monday. The Dow fell 2.37 percent to 32,817.38, the S&P 500 decreased 2.95 percent to 4,201.09, and the Nasdaq shed 3.62 percent to 12,830.96. (Courtney Crow/NYSE/handout via Xinhua)

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Nikkei plunges over 400 points on credit concerns

TOKYO, Japan - A man walks past an electronic board at a securities company in Tokyo displaying the sharp falls in share prices on the Tokyo Stock Exchange on Aug 10. The 225-issue Nikkei Stock Average lost 406.51 points, or 2.37 percent, closing the day's session at 16,764.09. (Kyodo)

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Tokyo stocks trading starts

The floor of the Tokyo Stock Exchange (TSE) is thronged for the opening of the year's first trading session Jan. 4. Shares on the Tokyo market opened sharply lower, with the 225-issue Nikkei average falling 327.94 points, or 2.37 percent, from Dec. 30 to 13,514.23 in the first 15 minutes of trading. Floor trading in Tokyo will disappear in April with the beginning of full-scale computerization.