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HONG KONG, China (AFP) — Hong Kong led a rally across most Asian markets on Monday as traders brushed off a slowdown in the US economy, while the boost from last week’s historic North-South Korea summit continues to support Seoul and the won. While figures on Friday showed growth in the world’s top economy slowed in January-March, tech firms on Wall Street won support after healthy earnings from Amazon, Microsoft, and Intel. The positive lead […]
HONG KONG, China (AFP) — Seoul’s Kospi was among the best performers Friday and the won strengthened as the leaders of North and South Korea began a historic summit, while other Asian markets also enjoyed gains following a US rally. After fluctuating through the week, regional stocks were on course for a positive finish as Kim Jong Un and Moon Jae-in met on the border of the rival countries for talks expected to touch on […]
HONG KONG, China (AFP) — Asian markets went into reverse Wednesday, tracking fresh losses on Wall Street as investors fret about rising US Treasury yields and speculation that interest rates will rise four times this year. Technology firms were once again in the firing line in response to a plunge in Google parent Alphabet on costs worries while Apple suffered a fifth straight loss because of concerns over the crucial smartphone sector. The yield on […]
HONG KONG, China (AFP) — The dollar extended gains against its main peers and most other currencies Tuesday as rising US bond yields fan speculation of a sharp rise in interest rates, while most of Asia’s major markets edged up after recent losses. While the corporate earnings season is maintaining traders’ attention, the release on Friday of US economic growth data is a key marker with a strong reading likely to reinforce opinions that borrowing […]
HONG KONG, China (AFP) — Asian markets climbed Wednesday following a rally on Wall Street as easing trade and Syria concerns allowed investors to concentrate on earnings and upbeat data, while fresh news on US-North Korea talks also provided support. New York provided a strong lead, with all three main indexes posting healthy gains on the back of better-than-expected reports from heavyweights including Netflix, Goldman Sachs, and Johnson & Johnson. Adding to the upbeat sentiment […]
HONG KONG, China (AFP) — Asian markets fluctuated on Monday as easing concerns about a sharp rise in US interest rates were tempered by growing fears about a potentially catastrophic China-US trade war. US markets plunged on Friday after Donald Trump warned of tariffs on an additional $100 billion worth of Chinese imports, which Beijing responded to by saying it would stand firm. The president’s announcement comes weeks after his decision to tax imports of […]
HONG KONG, China (AFP) — Asian markets extended last week’s worldwide plunge as investors fret that Donald Trump’s controversial tariffs on $60 billion of Chinese goods will spark a trade war that would hammer the global economy. The US move to impose levies, claiming China is breaching intellectual property rights, sparked a rout of equities across the world, while China warned it was “not afraid of a trade war”. US Treasury Secretary Steve Mnuchin said […]
HONG KONG, China (AFP) — Asian markets rallied on Wednesday, with energy firms boosted by a rush into oil after data indicated a jump in US demand and OPEC provided an optimistic outlook for supplies. The across-the-board gains come as investors await the conclusion of a crucial Federal Reserve policy meeting later in the day, which they hope will provide some clarity on its interest rate plans over the rest of the year. Worries that […]
HONG KONG, China (AFP) — Asian markets continued a global sell-off Thursday and the dollar weakened as trade war fears return to the fore, with worries Donald Trump will go full-steam ahead with his “America First” protectionist agenda. Investors are back on the ropes after the US said Wednesday it would take action at the World Trade Organization against Indian export subsidies. That came soon after it emerged Trump is considering tariffs on billions of […]
HONG KONG, China (AFP) — Asian markets and the dollar were jolted Wednesday as news that Donald Trump’s top economics advisor had resigned revived trade war fears, though the losses were tempered by North Korea’s offer of denuclearisation talks. Investors, already on edge over expected US interest rate hikes, have been rattled further since the US president last week unveiled controversial tariffs on steel and aluminum imports as part of his “America First” agenda. Equities […]
HONG KONG, China (AFP) — Asian markets picked up Monday where they left off last week, with gains across the board as investors tracked a healthy lead from Wall Street. The advances helped take another bite out of the big losses suffered at the start of February, which was caused by concerns over the impact of rising inflation that could lead to higher US interest rates. Those worries were eased somewhat Friday when the Federal […]
TOKYO, Japan (AFP) — Asian stock markets climbed on Friday in thin holiday trade, led by gains in Tokyo, as volatility eased after last week’s rollercoaster ride. Tokyo tracked Wall Street higher as investors gradually regained confidence heading into the weekend and set aside inflation fears that had sparked the market meltdown last week. The benchmark Nikkei 225 index gained 1.19 percent, or 255.27 points, to 21,720.25 while the broader Topix index was up 1.05 […]
