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FINANCE Thursday 30th JUNE

The CSX Index is currently at 490.17 Points down 0.15 points or 0.03%

National bank of Cambodia Daily Exchange Rate is 4,070 KHR to the USD$

Asian shares suffer painful quarter, dollar in rude health

SYDNEY, June 30 - Asian shares were ending a rough quarter in a somber mood on Thursday amid fears central banks' cure for inflation will end up sickening the global economy, though it is proving to be a fillip for the safe-haven dollar and government bonds.

The S&P 500 (.SPX) has lost almost 16% this quarter, its worst performance since the very start of the pandemic, while the Nasdaq (.IXIC) is off an eye-watering 21%.

On Thursday, S&P 500 futures and Nasdaq futures were both down 0.4% with little sign as yet that the new quarter will bring in brave bargain hunters. EUROSTOXX 50 futures and FTSE futures both fell 0.5%.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased another 0.5%, bringing its losses for the quarter to 10%.

Japan's Nikkei (.N225) fell 1.4%, though its drop this quarter has been a relatively modest 5% thanks to a weak yen and the Bank of Japan's dogged commitment to super-easy policies.

The need for stimulus was underscored by data showing Japanese industrial output dived 7.2% in May, when analysts had looked for a dip of only 0.3%.

Chinese blue chips (.CSI300) added 1.6% helped by a survey showing a marked pick up in services activity.

The euro was struggling at $1.0452 , having shed 5.6% for the quarter so far, though it remains just above the May trough of $1.0348. It also dropped to a fresh 7-1/2-year low versus the Swiss franc at 0.99663 francs.

The Japanese yen is in even worse shape, with the dollar having gained more than 12% this quarter to 136.50 and hitting its highest since 1998.

September Brent rose 17 cents to $112.62 a barrel, while U.S. crude added 7 cents to $109.85.

The Bitcoin price is down again at $19,489.68, a drop -2.96% over the past 24 hours.


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