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by Danny McCord Agence France Presse HONG KONG, China (AFP) — Asian markets tumbled Wednesday, tracking a US and European sell-off as the Trump-fuelled surge in equities went into reverse on doubts about his ability to fire up the economy. The dollar also struggled to recover against its major rivals and suffered fresh losses against high-yielding units as the euphoria of the US postelection period faded. After hitting multiple records this month, Wall Street’s main […]
HONG KONG, China (AFP) — Asian markets retreated again Tuesday, with fears growing about the impact of Donald Trump’s presidency on the global economy as he faces a wave of criticism over his controversial immigration policy. Traders fled for the exits for a second day after the new US leader signed an executive order Friday banning entry to travellers from seven Muslim-majority countries and imposing a temporary ban on refugees. While the White House […]
HONG KONG, China (AFP) — Most Asian markets were higher Tuesday on the first trading day of the year, continuing their trajectory from the end of a volatile 2016. Overall, world markets ended last year in the black despite shock votes in Britain and the United States. But Shanghai was the exception with a slump of more than 12 percent and Japan’s Nikkei posted only modest gains. However Chinese stocks finished solidly higher Tuesday after […]
HONG KONG, China | AFP | — Asian markets climbed Tuesday as mixed readings on the US economy and comments from a top Federal Reserve official raised expectations that US interest rate rises would be gradual. The gains came despite a negative lead from New York and Europe where traders are awaiting key events this week, including Chinese growth data, the last presidential debate and a European Central Bank policy meeting. A below-par reading […]
HONG KONG, China (AFP) — Tokyo stocks led a broad retreat in Asian markets Wednesday as the yen recovered, while regional energy firms struggled with crude prices on concern about the chances of success at an upcoming producers’ meeting. The OPEC oil cartel and Russia are due to meet later Wednesday in Algeria to discuss a global oil glut and overproduction that has strangled prices for more than two years. However, hopes for a deal […]
