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HONG KONG, China (AFP) — Most Asian markets extended losses Tuesday as investors re-evaluated the Federal Reserve’s interest rate options following last week’s strong US jobs report. Traders globally ran for cover after the forecast-beating payrolls figures dealt a blow to hopes for a steep cut in borrowing costs, stopping in its tracks an equities rally and pushing the dollar higher. The focus now turns to the release of minutes from the Fed’s June policy […]
HONG KONG, China (AFP) — Asian markets rallied Friday as another broadly positive week drew to a close, with investors cheered by a report that the US was considering lifting tariffs on China as officials look to hammer out a trade deal. Optimism that the world’s top two economies are on course to reach a deal ending their long-running trade row has helped boost equities across the world this year. And while news that the […]
HONG KONG, China (AFP) — Asian markets on Tuesday rebounded from the previous day’s sharp losses but investors remain wary of any further sign of weakness in the global economy while the pound extended gains ahead of a crunch Brexit vote later in the day. China’s disappointing trade data on Monday sent shivers through trading floors as it showed the long-running US tariffs row is beginning to bite. But dealers got back on the horse, […]
HONG KONG, China (AFP) — Japanese shares surged nearly four percent on Thursday morning, with investors heartened by Wall Street’s best performance in nine years after the White House said Fed Chair Jay Powell would not be fired. Asian markets followed Tokyo’s lead with more modest gains in morning trade, giving some welcome relief from a lingering global market downturn. The Hang Seng index in Hong Kong was up 0.7 percent by mid-morning. Taiwan and […]
HONG KONG, China (AFP) — Asian markets largely rose on Wednesday, tracking a Wall Street rally after the Federal Reserve chief expressed confidence in the US economy despite fears of a global trade war. Jerome Powell offered a positive outlook, citing a strong job market and inflation figures in line with Fed targets, sending US stocks higher. “Powell’s testimony was music to investors’ ears as the Dow gained for the 4th consecutive day while the […]
HONG KONG, China (AFP) — Major markets in Asia and Europe rose on Tuesday after Donald Trump and Kim Jong Un held a historic summit, while investors look ahead to key policy meetings at the Federal Reserve and European Central Bank this week. Trump said he had formed a “special bond” with the North Korean leader, who reaffirmed his commitment to “complete denuclearization of Korean Peninsula” in a joint agreement signed by the two. While […]
HONG KONG, China (AFP) — Energy firms plunged with oil prices in Asia Monday after Saudi Arabia and Russia signaled they could lift output, while indications Donald Trump’s summit with Kim Jong Un could be back on provided support to equity markets. Both main contracts tanked on Friday after Saudi oil minister Khaled al-Faleh said his country could open the taps wider in the second half of the year to ensure against any supply shocks. […]
HONG KONG, China (AFP) — Asian traders were biding their time in early trade on Thursday as a healthy lead from Wall Street was tempered by geopolitical concerns and caution ahead of high-level China-US trade talks. All three main US indexes finished in the green zone thanks to another positive round of economic indicators and corporate results. However, traders remain on edge with expectations that inflation will pick up pace pushing key 10-year Treasury yields […]
HONG KONG, China (AFP) — Most Asia markets rose Monday as investors built on last week’s rally, with another healthy lead from Wall Street providing support, but oil prices retreated from their three-and-a-half-year highs. Malaysia’s ringgit sank almost one percent but stocks were up 0.5 percent in Kuala Lumpur as trading resumed after last week’s general election that saw a shock win for 92-year-old former premier Mahathir Mohamad. While analysts had expected a sharp drop […]
HONG KONG, China (AFP) — Asian markets built on the past week’s gains Friday following another rally in New York as traders welcomed a below-forecast US inflation read that dampened expectations for a sharp lift in interest rates. While geopolitical tensions continue to linger after Donald Trump pulled out of the Iran nuclear pact this week, dealers were buoyed by the prospect of cheaper borrowing after data showed consumer prices edged up only slightly in […]
HONG KONG, China (AFP) — Crude prices continued to rally Thursday, propelling Asian energy firms and equity markets, as rising demand and Donald Trump’s decision to tear up the Iran nuclear deal point to a thinning of supplies. While broadly expected, the president’s announcement has helped light a fire under oil, with both main contracts now sitting at highs not seen since the end of November and speculation they could go even higher. The decision […]
HONG KONG, China (AFP) — Oil prices slipped in Asia on Tuesday morning from three-and-a-half-year highs as investors cautiously await Donald Trump’s Iran nuclear decision later in the day. The US president announced in a tweet that he would make an announcement at 1400 GMT on whether or not to tear up the agreement with Tehran and reimpose painful sanctions that could cut off crude supplies. Despite being urged by world leaders to keep it […]
