Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
Asia Pacific markets traded mixed on Friday morning as investors remained worried over trade tensions between the United States and China.Asia Marketsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
"The last thing I want is to put a date out there for lifting the grounding," said Dan Elwell, acting administrator for the FAA.Transportationread more
The charges allege he published secret documents obtained by former Army intelligence analyst Chelsea Manning, some of which included the disclosure of foreigners who were...Politicsread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
See which stocks are posting big moves after the bell on Thursday, May 23.Market Insiderread more
Sentiment is "not negative enough to trigger a huge rally ... unless we get some kind of real breakthrough with China," Jim Cramer says.Mad Money with Jim Cramerread more
Asia markets struggled on Thursday and closed mixed, with the Japanese benchmark down more than 1 percent after Toshiba tumbled on credit downgrades.
Japan's Nikkei 225 closed down 1.32 percent or 256.6 points at 19,145.14, weighed by pressure from a stronger yen and Toshiba's plunging shares.
Shares of Toshiba were down 16.98 percent at 258.7 yen each after both Moody's and S&P Global Ratings downgraded Toshiba credit ratings and put the electronics conglomerate on ratings watch with negative implications.The downgrades come after the Japanese firm announced Tuesday it might have to recognize several billion dollars in write-downs related to its U.S.-based nuclear plant construction company acquisition.
Takata shares were positive amid a sea of red, trading up 16.47 percent or 100 yen to 707 yen each to hit its daily price limit. The airbag maker's shares rose on overnight news that it was nearing a settlement with the U.S. Department of Justice (DoJ) and is expected to pay up to $1 billion to resolve allegations of criminal wrongdoing related to its faulty air bag inflators, Reuters said, citing the Wall Street Journal.
Down Under, the ASX 200 closed up 0.25 percent or 14 points at 5,699.07, supported by a 3.25 percent gain in its all ordinaries gold sub-index.
South Korea's Kospi ended up 0.1 percent, or 2 points at 2,026.46.
South Korea's finance ministry also revised its 2017 gross domestic product forecast for 2017, down to 2.6 percent from 3.0 percent earlier. Seoul also reported that industrial output jumped 3.4 percent in November from the previous month, its strongest monthly gain in almost seven years.
The Shanghai composite closed down 0.18 percent or 5.7 points at 3,096.56 and the Shenzhen composite ended down 0.31 percent or 6.1 points at 1,966.24. Hong Kong's was nearly flat by 3:05 pm local time, ahead of its November trade figures which will be released after the market close.
Over at Wall Street, major U.S. indices tumbled as the possibility of the Dow reaching its psychological 20,000 mark before the year ends grew increasingly elusive.
"U.S. indices pulled back from all-time highs, and currencies and commodities largely marked time as professional investors tweaked market exposures," said Michael McCarthy, chief market strategist at CMC Markets, in a note on Thursday.
In currency markets, the Japanese yen strengthened against the dollar, fetching 116.33 as of 3:06 pm HK/SIN, compared with levels above 117.44 yesterday. The Australian dollar retraced above $0.72, to trade at $0.7204. The South Korean won also firmed up against the dollar, at 1,206.92.
The dollar index, which measures the greenback against a basket of six major currencies, last traded at 102.81.
The Chinese yuan was trading at 6.954 against the dollar as of 3:07 pm HK/SIN, The daily yuan midpoint was set lower at 6.9497, compared to its last close at 6.956.
The People's Bank of China dismissed a media report late on Wednesday that the yuan had weakened beyond the 7.0000 per dollar level in the onshore market on Wednesday, and called the report "irresponsible" in its microblog.
The yuan has seen persistent pressure on the back of large capital outflows, and has depreciated 6.46 percent year-to-date against the greenback.
Oil prices had gained on Wednesday in the U.S. for the fourth straight session, but turned negative in post-settlement trade after American Petroleum Institute data showed a surprise build in U.S. stockpiles.
Follow CNBC International on and Facebook.