Roman Pilipey/Shutterstock HONG KONG ( Project Syndicate) – In 1960, the Nobel laureate economist Ronald H. Coase introduced the “problem of social cost”: human activities often have negative externalities, so individual rights cannot be absolute. Institutions must intervene. There is no better example of this dynamic than the COVID-19 crisis. While virtually …
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Asian markets were little changed in early trading Friday, after stocks fell on Wall Street as the stalemate over a second coronavirus-aid plan continued to fester on Capitol Hill. Japan’s Nikkei 225 NIK, +0.17% was nearly flay, while Hong Hong’s Hang Seng Index HSI, +0.05% slipped 0.2%. The Shanghai Composite …
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Shares were mostly higher in Asia on Friday after U.S. unemployment data gave the S&P 500 its first loss in five days. Tokyo’s Nikkei 225 index NIK, +0.74% closed up 0.7% after opening lower. The Hang Seng HSI, +1.17% in Hong Kong rose 0.7%, India’s Sensex 1, +0.62% rose 0.4% …
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Shares were mostly lower Monday in Asia while crude prices gained more than $ 1 per barrel after OPEC and other oil producing nations agreed to cut output to reflect the collapse of demand due to the pandemic. Just hours before markets reopened, OPEC, Russia and other oil producers finalized …
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Asian markets were mixed in light trading Friday following gains on Wall Street. Japan’s Nikkei NIK, +0.78% was about flat while South Korea’s Kospi 180721, +1.33% rose 0.3%. In China, the Shanghai Composite SHCOMP, -1.03% declined 0.6% while the smaller-cap Shenzhen Composite 399106, -1.94% fell 1.3%. Taiwan’s Taiex Y9999, +0.37% …
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Markets outside the U.S. haven’t been spared the pain from the coronavirus that has closed much of the economy. According to S&P Dow Jones Indices, global markets have lost $ 14.9 trillion in value from their Feb. 29 high, and international stocks lost about a quarter of their value in …
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Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. Japan’s Nikkei NIK, -4.41% closed down 4.4% and Hong Kong’s Hang Seng Index HSI, -3.52% fell 3.6%. The Shanghai Composite SHCOMP, -1.52% dropped 1.7% while the smaller-cap Shenzhen …
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BEIJING (AP) — Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain …
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