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HONG KONG, China (AFP) — Asian markets mostly rose on Monday as investors cautiously edged back into buying after last week’s global rout, with confidence lifted by a rally on Wall Street but analysts warned of further volatility. After a stellar 2017 and a January that saw record and multi-year highs around the world, traders are scurrying to the hills this month as a strong economic outlook — particularly in the US — healthy corporate […]
SINGAPORE, Singapore (AFP) — A pilot was slightly injured when a South Korean aircraft taking part in the Singapore Airshow skidded off the runway and caught fire Tuesday while taking off, authorities said. The Civil Aviation Authority of Singapore (CAAS) said the aircraft from the South Korean air force’s aerobatic team Black Eagles “skidded and crashed into the grass verge” at the side of the runway and caught fire. The accident happened as the plane was taking […]
HONG KONG, China (AFP) — Asian markets tumbled on Monday after US stocks were pummelled at the end of last week, with traders fretting that a surging US economy will lead to sharp interest rate hikes by the Federal Reserve. The selling was also fuelled by profit-taking after a blistering January that saw several indexes strike record or multi-year highs, while tech firms took a hit from disappointing reports by Apple and Google parent Alphabet. […]
by Ayee Macaraig Agence France Presse LIGAO, Philippines (AFP) — Filipinos sheltering from the erupting Mayon volcano gasped in delight as an orange full-moon eclipse shone above the mountain’s smouldering crater Wednesday in what was both a once-in-a-lifetime double spectacle and a rare moment of relief. Mount Mayon — the country’s most active volcano — has been spewing spectacular but potentially lethal ash and lava for the last fortnight, forcing some 90,000 people into cramped […]
HONG KONG, China (AFP) — Tokyo and Hong Kong led another rally across Asian markets on Tuesday, extending a global advance at the start of 2018 with traders optimistic heading into the earnings season. While there were limited concerns about its likely economic impact, a deal in Washington that ended a US government shutdown also removed uncertainty and provided further support. Democrats on Monday agreed to a Republican deal that brought an end to the […]
BANGKOK, Thailand (AFP) — Thai police have arrested an alleged kingpin in Asia’s illegal trade in endangered species, dealing a blow to family-run syndicate that smuggles elephant ivory, rhino horn and tiger parts to Chinese and Vietnamese dealers. Boonchai Bach, 40, a Vietnamese national with Thai citizenship, was arrested on Friday evening over the smuggling of 14 rhino horns worth around $1 million from Africa to Thailand. His downfall follows the December 12 arrest of […]
HONG KONG, China (AFP) — Most Asian markets resumed their positive start to the year on Friday with Hong Kong extending its record run to 14 days while the euro held gains after the previous day’s jump. Investors were once again provided a strong lead from Wall Street where all three main indexes advanced to new all-time highs, with energy firms riding a surge in oil prices. Confidence across world markets is booming on the […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Thursday after Wall Street fell for the first time in 2018 the previous day, while a strong yen weighed on sentiment. The benchmark Nikkei 225 index fell 0.58 percent or 137.89 points to 23,650.31 in early trade while the broader Topix index opened down 0.49 percent or 9.18 points at 1,882.93. “Investors are cashing in on the recent gains after watching a decline on Wall Street,” […]
HONG KONG, China (AFP) — The rally across Asia that welcomed in 2018 looked to have run out of steam on Wednesday with most markets slipping into the red on profit-taking but energy shares climbed with another surge in oil prices. Strong economic fundamentals and corporate earnings as well as optimism about the impact of Donald Trump’s massive US tax cuts have helped fuel a global advance to record or multi-year highs. However, some analysts […]
HONG KONG, China (AFP) — Asian markets mostly rose on Tuesday with Hong Kong edging up for an eleventh straight trading day as investors press on with a global rally that has the region enjoy its best start to a year since 2006. Wall Street provided yet another record lead as eyes turn to the beginning of the corporate earnings season, with sentiment buoyed by strong economic readings and hopes that Donald Trump’s tax cuts […]
TOKYO, Japan (AFP) — From clampdowns to a warm embrace, regulators in Asia have taken very different approaches to dealing with the bitcoin phenomenon. Here are the developments in a few key markets: Chinese clampdown In mid-September, China’s central bank, the People’s Bank of China (PBOC), told virtual currency trading platforms based in Beijing and Shanghai to cease market operations. Authorities also clamped down on ethereum and any other electronic units that are exchanged online […]
HONG KONG, China (AFP) — Asian equities continued their positive start to the year on Wednesday following more record closes on Wall Street, but the dollar faced further selling pressure. Analysts warned that global markets could face an uncertain year as Donald Trump’s tax cuts have already been priced into valuations, while central banks are on course to start winding back on years of cheap money. Investors have kicked off 2018 off in buoyant […]
