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HONG KONG, China (AFP) — President Donald Trump sent Asian markets plunging Monday after threatening to hike tariffs on $200 billion of Chinese goods at the end of the week in a bid to speed up stuttering trade talks between the economic superpowers. Shanghai and Hong Kong equities led big losses across the region, with the Chinese yuan also taking a battering after the president threw a spanner into the high-level negotiations, which many observers […]
HONG KONG, China (AFP) — Most Asian markets rose Thursday as forecast-beating earnings from Apple provided a much-needed bounce for the tech sector, though energy companies dropped on concerns about slowing US oil demand as supplies climb. Investors ignored a retreat on Wall Street, where all three main indexes were weighed by disappointment that the Federal Reserve brushed off weak inflation and dented hopes for a possible interest rate cut. Regional traders were in buying […]
HONG KONG, China (AFP) — Asian markets mostly fell Friday with investors treading carefully as global slowdown worries return to the fore, with analysts pointing to an economic divergence between the US and the rest of the world. Traders have been cheered by a string of better-than-expected earnings from corporate titans this reporting season, with Facebook, Microsoft and Amazon adding to the positive mood on Wall Street, but were unable to fuel broad gains. However, […]
HONG KONG, China (AFP) — Asian markets fluctuated Wednesday following a record-breaking close on Wall Street that was fuelled by strong earnings from US big-hitters. The S&P 500 and Nasdaq scaled all-time highs while the Dow came close after a string of better-than-forecast results from the likes of Coca-Cola, Twitter and Lockheed Martin added to a raft of other recent reports that suggest the economy is in rude health. Markets welcomed “a really great string […]
HONG KONG, China (AFP) — Asian markets chalked up healthy gains Monday as investors cheered a strong start to the US earnings season, while Donald Trump’s treasury chief indicated trade talks with China were in their end-stage. The gains put a regional equities rally back on track after last week’s stutter, supported by data last week showing a sharp jump in credit growth in China as easing measures kick in, while exports beat expectations and […]
Asian equity markets mostly fell on Thursday, April 11, with few catalysts to drive buying and investors still on edge over a brewing trade battle between the United States and Europe. White House threats this week to hammer $11 billion worth of EU goods with tariffs jolted markets, which have been rallying this year on optimism that China and the US were close to ending their own battle. The warning revived concerns about US President […]
HONG KONG, China (AFP) — Asian markets were mixed Monday but investors remain broadly upbeat after a strong US jobs report that eased concerns about the world’s top economy, while the pound edged up at the start of another crucial week in the Brexit saga. The gains built on last week’s rally that was fuelled by optimistic tones from China and the United States on trade talks, with top White House economic adviser Larry Kudlow […]
HONG KONG, China (AFP) — Asian markets were mostly up in holiday-thinned trade on Friday as investors took support from hopes that China and the United States will hammer out a trade deal after both sides sounded notes of optimism. With top negotiators from the world’s top two economies huddled down in Washington for three days of talks, there has been a growing sense they are close to an agreement to end a stand-off that […]
HONG KONG, China (AFP) — Asian investors pressed on with their buying spree Tuesday as they took up the baton from a strong Wall Street rally, cheered by healthy economic data, optimism over China-US trade talks and the prospect of no hike in borrowing costs. A forecast-beating factory report out of Beijing — which spurred buying across the region Monday — was followed by a similarly positive US reading, tempering worries about the outlook for […]
HONG KONG, China (AFP) — Asian markets were gripped by volatility Thursday as investors grow increasingly worried about the state of the global economy, sending them rushing to safe-haven assets and fuelling talk of possible recession. The pound was managing to hold its own despite another night of drama in Westminster that saw Prime Minister Theresa May offer to resign if MPs backed her Brexit plan and lawmakers reject a series of alternative options on […]
HONG KONG, China (AFP) — Asian markets staged a tentative recovery Tuesday from the previous day’s steep losses, with investors increasingly anxious about the state of the global economy. With a mixed lead from Wall Street, regional traders had few catalysts to drive buying, while safe-haven flows saw the dollar edge up against high-yielding currencies. Attention is also back on London, where MPs essentially wrested control of the Brexit debate from Prime Minister Theresa May […]
by Roland JACKSON Agence France Presse LONDON, United Kingdom (AFP) — Stock markets slid Monday, with Asia taking the heaviest hit, as investors took flight on mounting fears of a sharp global economic slowdown. Investors shrugged off news that an investigation found no evidence of collusion between US President Donald Trump’s election campaign and Russia. On currency markets, the British pound faced fresh selling pressure with Prime Minister Theresa May’s political future hanging in […]
