Asian stocks slump on Fed rate hike fears, commodity rout
Business / International News / U.S. News

Asian stocks slump on Fed rate hike fears, commodity rout

HONG KONG (AP) — Asian stocks slid Friday following sharp losses on Wall Street as a slump in commodities markets deterred investors from riskier assets and expectations grew that the U.S. would soon move to raise interest rates. KEEPING SCORE: Japan’s benchmark Nikkei 225 index fell 0.8 percent to 19,534.97 while South Korea’s Kospi shed … Continue reading

Nike surged 7 percent
Business

Nike surged 7 percent

NEW YORK (AP) — U.S. stocks are opening solidly higher after a three-day slump. Nike surged 7 percent early Friday, the most in the Standard & Poor’s 500, after its results easily beat analysts’ estimates. The Dow Jones industrial average climbed 174 points, or 1.1 percent, to 16,376 as of 9:35 a.m. Eastern time Friday. … Continue reading