Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Wednesday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
Bangladesh’s stay positive at midday maintaining morning trend
Bangladesh’s stocks remained in positive zone to maintain the morning trend at midday on Wednesday as investors stayed active on sector-wise stocks.
Sensex drops 165 points; Nifty falls to 10,577
The Sensex was trading down by over 160 points on sustained foreign funds outflows, weak trend in other Asian markets and overnight losses at the Wall Street, rattled by renewed concerns of a possible China-US trade war and political uncertainty in Italy.
Strong dollar pulls Indian rupee down to 67.91
The Indian rupee opened on a subdued note with a loss of five paise at 67.91 against the US dollar at the interbank forex market due to strengthening of dollar against other currencies overseas.
Asian stocks decline after global markets fall on Italian turmoil
Asian markets declined on Wednesday as a sell-off in U.S. and European markets weighed on sentiment during the Asian trading session. The political crisis in Italy took center stage, with investors concerned over its implications for the rest of the euro zone.
Gold gains as Italy crisis drives safe-haven buying
Gold prices rose in early Asian trade on Wednesday as political turmoil in Italy and concerns over Sino-U.S. trade conflict spurred safe-haven demand.
Oil prices mixed amid worries over growing supplies
Oil prices were mixed in early Asian trade on Wednesday, with worries that Saudi Arabia and Russia will pump more crude weighing on the market.