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HONG KONG, China (AFP) — Asian markets sank Monday as investors juggle a number of negative issues that have fuelled worries about the global outlook. The China-US trade row, the Huawei crisis, signs of weakness in the Chinese and US economies, and Brexit are among the key matters depressing equities, though there was some upbeat news in OPEC’s decision to slash crude production. On Sunday, China summoned the US ambassador to protest at the arrest […]
HONG KONG, China (AFP) — Asian investors battled to finish a volatile week with some stability Friday as they weigh the outlook for China-US trade talks and uncertainty in oil markets while looking ahead to the release of key US jobs data. After the furious selling of the past two days, there was some optimism after a report said the Federal Reserve could slow down its pace of interest rate hikes next year, providing some […]
HONG KONG, China (AFP) — Shares across Asia plunged Thursday, with technology firms in Hong Kong and Shanghai battered after the arrest of a top executive at Chinese telecoms giant Huawei that has also fuelled fears about the recent China-US trade deal. As Donald Trump and Xi Jinping’s tariffs ceasefire last weekend — which sparked a one-day rally — fades to a distant memory, investors are back in selling mood as they fret over a […]
HONG KONG, United States (AFP) — Asian markets mostly dropped Tuesday as the previous day’s euphoria over the China-US trade ceasefire gave way to questions about whether the two can ultimately resolve their differences. However, oil prices continued to rise, building on Monday’s surge fuelled by the agreement as well as news of a Russia-Saudi Arabia pact to cap output. Global investors were given some much-needed Christmas cheer at the weekend after Donald Trump and […]
HONG KONG, China (AFP) — Hong Kong and Shanghai led a surge across Asian markets Monday after the United States agreed to suspend imposing tariffs on China for three months, while oil prices soared on expectations of a big production cut. In a much-anticipated meeting between Donald Trump and Xi Jinping at the weekend, the heads of the world’s two biggest economies hammered out a deal that will see them hold off on their tit-for-tat […]
HONG KONG, China (AFP) — Asian markets were mixed Tuesday as dealers focused on crunch G20 talks between Donald Trump and Xi Jinping, with the US president warning he will ramp up his trade war with China if the two do not reach a deal. With the economic superpowers in the middle of an increasingly bitter standoff, there are hopes the two leaders will be able to work out an agreement that brings them back […]
TOKYO, Japan (AFP) — Most Asian markets rose Monday as investors tentatively pick up cheap stocks, with focus on an expected meeting between Donald Trump and Xi Jinping at the weekend that will be watched for signs of a softening in the China-US trade war. The broad gains came despite more hefty selling in energy firms after another collapse in oil prices on Friday, while the pound was flat against the dollar after European Union […]
HONG KONG, China (AFP) — Asian equities stabilized Thursday following a modest rebound in energy and tech stocks on Wall Street, with US markets closed for the Thanksgiving holiday. But analysts warned the tepid uplift in New York Wednesday should not be interpreted as a sign of the start of a recovery from the recent carnage on global stock markets. Investor sentiment remains fragile following the volatility that has swept markets since October, while the […]
HONG KONG, China (AFP) — Asian investors moved nervously Thursday as they struggled in the face of multiple headwinds, while oil prices resumed their drop and the pound struggled to hold its gains. Fears about the China-US trade war, rising Federal Reserve interest rates, tensions within the European Union and slowing growth in most economies have helped drive stocks south for the past few months. And this week it has been the turn of the […]
HONG KONG, China (AFP) — Technology firms led a plunge in Asian markets Tuesday, tracking a deep sell-off in New York where Apple tumbled on worries about demand for its iPhones, while energy firms were also in free-fall with oil prices. After last week’s US elections-inspired mini-rally, global equities resumed their months-long slide as investors fret over a number of issues from the China-US trade war and Brexit to rising US interest rates and slowing […]
HONG KONG, China (AFP) — Asian markets were mixed Tuesday as focus turned to the US midterm elections, which could impact Donald Trump’s presidency, while Apple suppliers were hit by reports the tech titan had cancelled plans to ramp up output of its new iPhone. The US goes to the polls in the first major electoral test for Trump since he took the White House and embarked on an “America First” agenda that has split […]
HONG KONG, China (AFP) — Asian markets mostly fell Monday after Donald Trump’s top economics adviser took the wind out of their sails by downplaying the chances of a quick deal to end the China-US trade war. The US leader fuelled a blistering rally in the region Friday by tweeting that he had held positive talks with Chinese President Xi Jinping, before a report said he had even asked officials to draw up a draft […]
