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HONG KONG, China (AFP) — Hong Kong stocks ended the Year of the Rooster leading a rally across Asian markets Thursday and extending a rebound from last week’s turmoil, as investors tracked a strong lead from Wall Street. A key US inflation reading showed prices shot up in January, sending Treasury yields rising and fanning expectations the Federal Reserve will hike interest rates at a sharper pace then expected a few months ago. However, while […]
HONG KONG, China (AFP) — Hong Kong stocks climbed to a fresh record on Thursday as investors tracked another milestone on Wall Street but Asia-wide markets struggled to keep up the recent momentum. But while the afternoon saw a slight wobble across the region and some analysts warned of a possible correction, traders remain bullish on equities thanks to a healthy global economic outlook, optimism over the impact of Donald trump’s tax cuts and strong […]
HONG KONG, China (AFP) — The dollar suffered fresh pressure on Friday as traders cash in the recent gains fueled by Donald Trump’s tax cuts, while Asian equities were on course to end a strong year in tepid fashion. Asia’s biggest markets have enjoyed huge gains over the past year — with Hong Kong up more than a third and Tokyo 20 percent higher — fuelled by expectations that Donald Trump would push through business-friendly […]
by John BIERS Agence France Presse NEW YORK, United States (AFP) — The Dow drifted to a fresh record Thursday in sleepy holiday trading, while bitcoin prices tumbled after South Korea announced new restrictions on cryptocurrencies. Most of the 30 companies in the Dow Jones Industrial Average advanced in a quiet session, the latest record on the heels of dozens of earlier all-time highs in US equities this year. US stocks have been boosted all […]
HONG KONG, China (AFP) — Asian markets edged upward Wednesday in thin holiday trading, with investors shrugging off a negative Wall Street lead as fears over lackluster iPhone demand eased, and commodities rose. Shares in Apple, the biggest US company by market capitalisation, had slumped 2.5 percent Tuesday, mirroring a move by its Asian suppliers, after a report in Taiwan’s Economic Daily warned of weak demand for the iPhone X. But that slide was arrested […]
HONG KONG, China (AFP) — The euro held gains Wednesday after Catalonia’s leader stepped back from the brink in a standoff with Spain over independence while Asian markets pushed higher following another record close on Wall Street. The single currency has come under strain since Catalans voted in an unofficial referendum on October 1 to break away from Madrid, fuelling fears about one of the eurozone’s biggest economies. The region’s leader Carles Puigdemont signed a […]
HONG KONG, China (AFP) – Asian markets rose Monday following records on Wall Street last week on hopes that President Donald Trump’s tax reforms would breathe new life into the US economy. Both the S&P 500 and Nasdaq ended at records, with investors buoyed by expectations of strong earnings ahead of the third-quarter corporate reporting season, which begins in about two weeks. “Stock market euphoria rages on propelled by tax cuts and perhaps a misguided […]
HONG KONG, China (AFP) — The dollar tumbled against its major peers in Asia on Monday while regional markets sank in holiday-thinned trade as dealers were spooked by tensions caused by Donald Trump’s divisive immigration ban. A disappointing reading on US economic growth added to the downbeat sentiment with Wall Street ending last week on a negative note. The reality TV star-turned-president on Friday signed an executive order banning travelers from seven Muslim-majority countries that […]
