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HONG KONG, China (AFP) — Most Asian markets posted healthy gains Thursday, tracking another rally on Wall Street, with Hong Kong and Shanghai leading the way following a Chinese pledge to support the world’s number two economy The healthy gains to kick off November come as dealers look to put behind them one of the worst months in recent years, which saw billions wiped from valuations and confidence battered. While markets still face myriad problems, […]
HONG KONG, China (AFP) — Asian markets staged a rare rally Wednesday following a bounce on Wall Street, with attention turning to the release of key US jobs data later in the week. However, while investors briefly have a spring in their step, a mountain of problems — from China-US trade tensions and Brexit, to Chinese weakness and rising US interest rates — is keeping optimism at a premium. October has been a painful month […]
MANILA, Philippines (AFP) — Former England manager Sven-Goran Eriksson has been hired to lead the Philippines’ football team following the surprise departure of Three Lions football great Terry Butcher earlier this year. Philippine team manager Dan Palami said the Swede would coach the Azkals in next month’s AFF Suzuki Cup and the Asian Cup in January. “One of the legendary coaches of all time, coach Sven-Goran Eriksson will be coaching the Azkals for the […]
HONG KONG, China (AFP) — Asian equities fell again Wednesday extending the previous day’s geopolitics-fuelled sell-off, with energy firms taking another battering in response to an oil market rout. Investors around the world are fleeing riskier assets such as stocks and high-yielding currencies in search of safety as wave of negative issues dominate the news. Stephen Innes, head of Asia-Pacific trading at OANDA, pointed to “a toxic geopolitical cocktail of nagging concerns” from Chinese growth, […]
HONG KONG, China (AFP) — Asian stocks began Wednesday mixed after a volatile session for US equities and as yields on Treasury bonds retreated from a seven-year peak. Japanese shares opened higher after four days of losses — with purchases making up for the higher yen’s dampening impact — before dropping back into negative territory in mid-morning trade. “After four days of falling… Japanese shares are in a good place for bargain-hunting buys, even though […]
HONG KONG, China (AFP) — The sell-off in Asian markets slowed on Tuesday, with markets seeing little movement as ongoing US-China tensions simmer. A testy public interaction between Chinese Foreign Minister Wang Yi and US Secretary of State Mike Pompeo in Beijing on Monday refueled market worries about China-US relations, which have taken a hefty knock from tit-for-tat tariffs. “A possible train wreck on the negotiation front could completely derail global markets,” said Stephen Innes, […]
HONG KONG, China (AFP) — Asian markets enjoyed more gains on Friday, putting them on course to end the week with a flourish as investors looked past the China-US trade row to focus on the booming American economy. The upbeat mood on trading floors was being felt across the board, with embattled emerging market currencies seeing a recovery, while some observers suggested a fear of missing out was also providing some lift. Regional dealers were […]
HONG KONG, China (AFP) — Asian markets rose Wednesday as tit-for-tat tariffs by China and the United States were considered lighter than feared, while there are hopes the two sides can eventually hammer out a deal to avert an all-out trade war. Donald Trump on Monday said he would press ahead with 10 percent levies on another $200 billion of imports, sparking a response from Beijing to target $60 billion of US goods with five […]
HONG KONG, China (AFP) — Asian markets sank on Monday following reports that Donald Trump is planning to hit China with another round of tariffs, dealing a blow to hopes for talks between the two economic giants. Traders sent regional equities surging on Thursday and Friday as it emerged that Treasury Secretary Steven Mnuchin had offered to meet officials from Beijing to avert an all-out trade war. However, The Washington Post and Wall Street Journal […]
HONG KONG, China (AFP) — Asian markets extended their gains Friday on hopes for China-US trade talks, while Turkey’s lira held up after a shock hike in the country’s interest rate and a dip in US inflation. After a tumultuous start to the month, investors finally had something to smile about Thursday after Treasury Secretary Steven Mnuchin invited Chinese officials for fresh talks to avert an all-out trade war. The news provided some much-needed support, […]
SINGAPORE, Singapore (AFP) — Facebook said Thursday it will invest over $1 billion to build a data center in Singapore, its first in Asia, powered by renewable energy and adapted to the city-state’s tropical climate. The center is expected to be operational around 2022, and will host Facebook servers and centralize its IT operations, Thomas Furlong, Facebook vice president of infrastructure data centers, told reporters. The 170,000 square meters (1.83 million square foot) site in the […]
by Ye Aung Thu and Phyo Hein Kyaw Agence France-Presse BAGO, Myanmar (AFP) — Rescuers in boats negotiated muddy waters on Thursday to reach thousands stranded in central Myanmar after a dam overflowed, sending a torrent of water across farmland and villages. No casualties have yet been reported but state media said more than 63,000 people in Bago region were affected after the Swar Chaung dam overflowed early Wednesday morning. The dam’s spillway, a structure […]
