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HONG KONG, China (AFP) — Oil prices extended losses Tuesday after weak US and Chinese data reinforced recession expectations, though equities won support from hopes the figures will allow central banks to temper their pace of interest rate hikes. Stock traders tracked a Wall Street advance led by tech firms thanks to an increase in bets that the Federal Reserve will not lift borrowing costs by 75 basis points for a third straight meeting […]
HONG KONG, China (AFP) — The fresh surge in coronavirus cases across the United States and Europe pushed Asian markets further down Wednesday, while investors have essentially given up on the chances of a new stimulus out of Washington. With US lawmakers unlikely to agree any new rescue package before Tuesday’s election, analysts said the new wave of virus infections and lingering uncertainty over the vote would mean equities face a wobbly few days. European […]
HONG KONG, China (AFP) — Equity markets collapsed Monday as the rapidly spreading coronavirus fans fears over the global economy, while a crash in oil prices added to the panic with energy firms taking a hammering and wiping hundreds of billions off valuations. As the deadly disease claims more lives around the world, dealers are fleeing out of riskier assets and into safe havens, sending gold and the yen surging and pushing US Treasury yields […]
HONG KONG, China (AFP) — Asian markets sank Wednesday, starting the new year by extending a slide that made 2018 the worst in a decade, with investors jolted by data reinforcing weakness in China’s economy. With a number of potential banana skins dotting the next 12 months — including the China-US trade row and Brexit — dealers are keeping to the sidelines as they look for signs of stability. Hong Kong led the losses, tumbling […]
HONG KONG, China (AFP) — Asian markets fell on Friday, tracking another retreat on Wall Street as attention turns to the release of key US jobs data later in the day and high-level China-US trade talks in Beijing. While the corporate earnings season has been considered a success, analysts are worried that the healthy results have not fired equities as much as expected, with warnings of a mild correction down the line. The major macroeconomic […]
HONG KONG, China (AFP) — Most Asia markets rose on Thursday and the dollar extended losses after the Federal Reserve stuck to its target for interest rate hikes this year, soothing concerns it would embark on a quicker pace. After one of the most anticipated meetings in recent months, the central bank lifted borrowing costs as expected to a decade high but indicated just two more over the rest of the year, confounding forecasts of […]
HONG KONG, China (AFP) — Asian markets on Monday extended last week’s rally as a solid US jobs report boosted optimism in the world’s top economy, fuelling a record close on Wall Street. With sentiment still strong following Donald Trump’s decision to meet North Korean leader Kim Jong Un in an unprecedented summit to discuss its nuclear programme, equities were on the up. The upbeat developments helped temper worries about Trump’s announcement of steel and […]
HONG KONG, China (AFP) — Asian markets saw in March with sharp losses on Thursday, extending a global sell-off on US interest rate hike fears, with energy firms taking another hit from plunging oil prices. After a couple of weeks of calm, the volatility that kicked off February has returned on worries that the strong US economy and Donald Trump’s tax cuts will lead the Federal Reserve to tighten borrowing costs more than previously thought. […]
HONG KONG, China (AFP) — Asian stocks mostly opened the year with gains on Tuesday as traders drift back to work after the festive break, with Hong Kong the standout performer, though the dollar faced fresh pressure from most other currencies. Regional investors shrugged off dips in New York on the last day of 2017, instead building on the healthy advances fuelled by strong data, improving corporate profits and hopes Donald Trump’s tax cuts will […]
HONG KONG, China (AFP) — Asian markets were mixed on Wednesday following fresh records on Wall Street as Donald Trump’s tax-cut plans moved a step closer, while the pound extended gains on reports of a breakthrough in Brexit talks. Traders brushed off early worries caused by another North Korean missile test, while Bitcoin continued its surge to break the $10,000 mark for the first time. New York traders cheered a forecast-beating US consumer confidence survey […]
HONG KONG, China (AFP) — Asian investors on Wednesday struggled to track a record close on Wall Street as they await the Federal Reserve’s latest policy meeting hoping for a guide on its plans for monetary policy. The central bank is all but certain to lift interest rates after its meeting ends later in the day but the main focus will be on chair Janet Yellen’s comments afterwards. Some analysts suggest the rise could be […]
HONG KONG, China (AFP) — Asia stocks retreated Monday as tensions on the Korean peninsula weighed on sentiment, but data showing China’s GDP growth was higher than expected in the first quarter was a positive sign for the world’s second largest economy. Tensions between Pyongyang and Washington have soared in recent weeks as a series of North Korean weapons tests have wrought ever-more bellicose warnings from US President Donald Trump’s administration. During a visit to […]
