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HONG KONG, China (AFP) — Equity markets rallied on Tuesday as a semblance of stability returned after last week’s turmoil, with traders taking their lead from strong gains in New York and Europe. However, while Tokyo, Hong Kong and Shanghai led a strong advance across the region, investors remain nervous ahead of the release of key US inflation data on Wednesday, which many fear could spark another round of blood-letting. Global markets have been sent […]
HONG KONG, China (AFP) — Asian markets moved narrowly on Wednesday as investors take a breather from recent gains while keeping an eye on Capitol Hill as US lawmakers close in on a massive tax overhaul. Equities have been on a broad upswing since last week when holdout Republican senators said they would back Donald Trump’s headline legislation, which dealers are betting will fire up the world’s number one economy. The House of Representatives passed […]
HONG KONG, China (AFP) — Asian markets fell Monday after last week’s volatility, but the euro held gains following healthy economic data and on hopes German Chancellor Angela Merkel is close to forming a government. Investors ignored another strong lead from Wall Street, where the S&P 500 and Nasdaq chalked up fresh records on optimism for strong sales on Black Friday and Cyber Monday — the two major post-Thanksgiving shopping days. With little to drive […]
SHANGHAI, China (AFP) — Shanghai soared more than one percent Monday as Chinese trading floors reopened after a long break while other Asian markets were mixed following last week’s surprising fall in US jobs. Geopolitical concerns also returned on worries North Korea will test another long-range missile and US President Donald Trump’s remarks suggesting that talking to Kim Jong-Un’s regime was a waste of time and “only one thing will work”. And the Turkish lira […]
