Tag: Asia

Asia markets climb, tracking Wall Street gains

HONG KONG, China (AFP) — Asian markets largely rallied Friday, tracking a rebound on Wall Street, as investors attempted to shrug off lingering US-China trade war fears. Positive data out of Japan helped drive the Nikkei index up by 0.7 percent, after figures showed the world’s third-biggest economy was growing faster than analysts had predicted. The stronger-than-expected data showed Japan’s gross domestic product grew 0.4 percent from the previous quarter on robust consumer demand, beating […]

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Asia markets extend losses despite Wall Street gains

HONG KONG, China (AFP) — Asian markets largely extended their losses on Wednesday despite Wall Street registering strong gains as investors remained on edge over escalating US-China trade tensions. Asia’s losses came despite a gain of more than one percent for US indices as Wall Street recovered from a multi-session losing streak that saw the Dow hit its lowest level this year. Equities had tumbled Monday after Beijing allowed the yuan to slide sharply against […]

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Asia markets fall sharply, extending global losses

HONG KONG, China (AFP) — Asian markets slumped in morning trade Tuesday, tracking global losses after Wall Street suffered its worst sell-off of the year as investors fretted over the US-China trade war. A sharp fall in the Chinese yuan’s value against the dollar — breaching the 7.0 level seen as a key threshold by investors — prompted US President Donald Trump to formally designate Beijing as a currency manipulator. Tensions have escalated since Trump […]

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Asian countries turning back wealthy world’s waste

PARIS, France (AFP) — Several Southeast Asian countries, sick of being the wealthy world’s rubbish dump, have in recent weeks turned back container-loads of waste from foreign shores. It comes after China last year stopped accepting the world’s used plastic, having previously been the biggest market for recyclables. After Indonesia on Tuesday announced it had sent back illegally imported garbage from France and Hong Kong, here is a roundup. China  On January 1, 2018, China […]

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Asian markets tempered by US-China doubts

HONG KONG, China (AFP) — Asian markets were tempered Thursday after two days of gains as doubts emerged over next week’s US-China trade meeting. Reports that Donald Trump’s Trade Representative Robert Lighthizer will lead a delegation to China next week to resume trade talks buoyed markets on Wednesday. The meeting would be the first head-to-head since negotiations were cut short in May by Trump’s surprise decision to hit China with more tariffs for what he […]

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Asian markets rise as earnings, trade hopes provide cheer

HONG KONG, China (AFP) — Asian markets rose Tuesday, tracking gains on Wall Street with confidence given a boost by a positive earnings season and speculation top US and Chinese negotiators will hold face-to-face trade talks soon. A bipartisan agreement to raise the US debt ceiling to fund government for another two years — avoiding another painful shutdown — also provided some cheer. The gains across the board come a week before the Federal Reserve […]

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Asian markets drift as investors eye start of earnings season

HONG KONG, China (AFP) — Most Asian markets fell Tuesday as investors take a breather after a recent rally and as they await the start of the corporate earnings season. Wall Street provided another record-breaking lead as an expected Federal Reserve interest rate cut continues to fuel optimism, while top Chinese and US negotiators plan to hold fresh trade talks over the phone this week. Tokyo led losses as it reopened after a long weekend, […]

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Asian markets in retreat as China growth slows further

HONG KONG, China (AFP) — Asian markets slipped on Monday as data showed China’s economy growing at its weakest pace in nearly three decades, hit by the US trade war, while investors debate the depth of an expected Federal Reserve interest rate cut. The world’s number-two economy expanded 6.2 percent in April-June, the worst reading since the early 1990s but in line with forecasts and within the government’s target range. The reading highlights the negative […]

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Asian markets surge on Trump-Xi breakthrough, oil rallies

HONG KONG, China (AFP) — Asian markets surged Monday after Donald Trump and Xi Jinping agreed to restart trade talks, reviving hopes of an end to their tariffs war, while oil prices also rallied on news that Saudi Arabia and Russia will extend their output caps. Trump’s historic visit to North Korea, where he met leader Kim Jong Un, soothed geopolitical concerns and added to the upbeat mood on trading floors. After a highly anticipated […]

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Asian markets retreat as crunch G20 kicks off

HONG KONG, China (AFP) — Asian markets fell on Friday as investors keep a nervous watch on developments in the G20 summit, with trade top of the agenda and a key focus on the much-anticipated meeting between Donald Trump and Xi Jinping. Equities have enjoyed a largely positive couple of weeks on hopes for progress in the head-to-head between the leaders of the world’s top two economies, though the possibility of failure continues to make […]

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Asian markets rally as crucial Trump-Xi meeting approaches

HONG KONG, China (AFP) — Asian markets rose Thursday as investors brushed off Donald Trump’s latest dig at China and threat to impose more tariffs on the country’s goods if crunch talks with Xi Jingping fail this weekend. Before setting off for the G20 summit in Japan the president said in an interview that he had a “Plan B” in case the face-to-face shows no progress, adding he would “take in billions and billions of […]

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US-Iran fears buoy oil prices as focus turns to Trump-Xi talks

HONG KONG, China (AFP) — Oil prices extended gains Monday as rising US-Iran tensions fuelled supply concerns, while Asian equity traders moved cautiously ahead of a crunch meeting between Donald Trump and Xi Jinping this week. Both main crude contracts are up almost 10 percent since Tehran last week shot down a US “spy drone” for breaching its airspace, ratcheting up fears of a conflict between the old foes. At the weekend Trump said he […]

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