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HONG KONG, China (AFP) — The dollar extended losses and Asian markets enjoyed another day of gains Thursday after the Federal Reserve indicated it could soon cut interest rates. The softer slant from the US central bank provided more support to global investors, who were already in buoyant mood after Donald Trump flagged positive talks with China’s Xi Jinping and raised hopes of a trade deal between the economic giants. After a much-anticipated meeting, Fed […]
HONG KONG, China (AFP ) — Asian markets fell again Thursday with Hong Kong suffering a second straight day of heavy losses as investors fret over the impact of protests in the city and plans to introduce a controversial law allowing extradition to China. Equities were once more deep in negative territory owing to uncertainty over the China-US trade saga and following a tepid inflation report out of Washington, while oil prices were wallowing at […]
HONG KONG, China (AFP) — Markets extended the previous day’s gains in Asia on Tuesday, with investors turning their attention back to the China-US trade row and a planned meeting between the countries’ leaders later this month. Donald Trump’s decision to drop threatened tariffs on Mexico after a last-minute immigration deal last week sparked relief across trading floors and led to hope that the row with Beijing could also end with some sort of agreement. […]
HONG KONG, China (AFP) — Asian markets rose Friday, tracking gains on Wall Street following a report that the United States could delay its plan to hit Mexico with tariffs. The threats against Mexico have intensified anxiety among investors, who were already rattled by the seemingly endless US-China trade war. But US stocks enjoyed a bounce Thursday after Bloomberg News reported that Washington could push back its plan to impose tariffs on Mexico on June […]
HONG KONG, China (AFP) — Asian stocks largely fell Tuesday, reversing early gains on a bargain-hunting push by investors, as global trade tensions continued to weigh on markets. Fears of an economic slowdown have mounted in recent days as US President Donald Trump has threatened Mexico with tariffs, adding to anxieties over the US-China trade war, which shows no signs of a resolution. The market’s “assumption that the slowing global economy would recover later this […]
by Martin ABBUGAO Agence France Presse SINGAPORE (AFP) — The United States warned China on Saturday against threatening its neighbours’ sovereignty and said Washington is investing in new military technology to defend its Asian allies. Washington and Beijing have been vying for influence in the region, which hosts potential flashpoints such as the South China Sea, the Korean Peninsula and the Taiwan Strait. Ties between the two powers are once again taking centre stage […]
HONG KONG, China (AFP) — Asian stocks edged down Friday, despite modest gains on Wall Street overnight, as US President Donald Trump’s sudden announcement of tariffs on all Mexican imports saw Tokyo shares drop. Trump’s Twitter announcement of a five percent tariff on all goods from Mexico starting June 10 sent shares in automakers with plants in the North American country falling sharply. Trump said the duties would gradually increase until “illegal migrants” stop coming […]
HONG KONG, China (AFP) — Asian stocks sank Wednesday, tracking losses in Europe and on Wall Street as investors grew anxious about a possible economic slowdown and the absence of any progress in resolving the US-China trade war. Economists say the trade dispute between the world’s top two economic superpowers will have grim implications for consumers, who will have to bear the costs of punitive tit-for-tat tariffs. Although an index of US consumer confidence on […]
HONG KONG, China (AFP) — The increasingly fractious trade row between China and the United States was the main focus of Asian investor angst Friday, with most markets down to extend the previous day’s steep losses, though oil edged back from a painful sell-off. With little hope for a quick turnaround in the standoff the economic superpowers appear to be digging in their heels as they exchange barbs, blaming each other for the breakdown in […]
HONG KONG, China (AFP) — Asian markets extended a global sell-off Tuesday following hefty losses on Wall Street that came in response to China’s hike in tariffs on $60 billion of US imports, ramping up tensions in a trade war between the global economic titans. The move by Beijing was followed by a warning of further action such as dumping US Treasuries and came days after Washington more than doubled levies on $200 billion of […]
HONG KONG, China (AFP) — Markets in Asia were largely down in morning trade on Monday as the lack of a US-China trade deal cast a cloud over the market. Investors watched the latest developments warily in the trade war between the world’s top two economies, after negotiations in Washington ended Friday without agreement and a tariff hike on Chinese imports went into effect. White House economic advisor Larry Kudlow said US President Donald Trump […]
HONG KONG, China (AFP) — A red wave swept across Asia trading floors Wednesday as investors grow increasingly concerned that the China-US trade deal, which appeared all by ready to sign, could fall through. After months of healthy gains across markets this year, Donald Trump’s threat to hike tariffs on a raft of Chinese imports from Friday sent shockwaves around the world and rekindled the spectre of a painful trade war between the planet’s biggest […]
