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HONG KONG, China (AFP) – Asian markets rallied Friday following a healthy performance on Wall Street, with investors largely pricing in more interest rate hikes aimed at taming runaway inflation. The more confident mood was reflected in a dip in the dollar, which has surged in recent weeks to multi-decade highs against its major peers owing to the Federal Reserve’s hawkish tilt to tighter monetary policy. The greenback’s softness came even after Fed chief Jerome […]
HONG KONG, China (AFP) — A series of tweets by Donald Trump playing up the chances of a trade deal with China provided a much-needed boost to Asian equities Wednesday but investors trod cautiously as analysts warned of more volatility to come. After more than doubling tariffs on $200 billion of Chinese goods last week — sparking retaliation from Beijing — Trump has threatened to hit a further $300 billion with more levies if he […]
HONG KONG, China (AFP) — Asian markets mostly rose Monday as investors look ahead to a week chock-full of crucial events including the high-level trade talks between China and the United States. Hopes that a deal can be struck between the world’s top two economies have helped fuel a rally this month in global equities, which had been hammered in December. While there have been conflicting reports on the likelihood of an agreement to solve […]
HONG KONG, China (AFP) — Asian markets were mixed Thursday as renewed concerns about China-US tensions overshadowed a positive lead from Wall Street following a better-than-expected round of corporate earnings. The pound extended gains against the dollar after Prime Minister Theresa May survived a no-confidence vote as she prepares to draw up new proposals to leave the European Union that is palatable to a majority of MPs. After a tumultuous December, global equities have enjoyed […]
HONG KONG, China (AFP) — Asian markets mostly fell Tuesday following a sharp retreat on Wall Street fuelled by increasing worries about the global economy, while investors await the Federal Reserve policy meeting this week. A speech by President Xi Jinping later in the day is also on the radar, with hopes for some clues about possible reforms to China’s economy and plans for the next year. After a broadly upbeat start to the week, […]
HONG KONG, China (AFP) — Asian markets fell on Friday, putting the region on course to end a broadly positive week on a sour note, as traders took a step back and their profits off the table. There was also some unease after the head of the European Central Bank raised concerns about the growth outlook for the eurozone owing to issues within and outside the bloc. The pound showed some resilience, even as European […]
HONG KONG, China (AFP) — Asian markets mostly rose Thursday, with Hong Kong and Shanghai rallying on hopes for an easing of the China-US trade war, while energy firms also enjoyed a much-needed bounce as oil prices stabilised. The pound also held up after British Prime Minister Theresa May narrowly won support for her Brexit deal from cabinet members, though Apple suppliers faced renewed selling. Fears about the trade war, rising Federal Reserve interest rates, […]
HONG KONG, China (AFP) — Asian markets mostly fell Tuesday with Hong Kong and Shanghai stocks sinking following a report that the White House is preparing to impose tariffs on all its Chinese imports, throwing the trade war back into the spotlight. The story added to skittishness across trading floors, where investors are already fretting over a number of issues including geopolitical tensions, rising US interest rates, slowing growth, Brexit and Italy’s budget standoff with […]
HONG KONG, China (AFP) — Asian markets mostly fell Tuesday as geopolitical risks pile up, from US tensions with Russia and Saudi Arabia, to trade issues and Italy’s budget stand-off with the European Union. Shanghai and Hong Kong saw deep losses, having soared over the previous two trading days after China’s top brass issued coordinated statements of support for the country’s markets and officials unveiled tax cut plans. The gains had provided some much-needed support […]
TOKYO, Japan (AFP) — Asian shares drifted marginally higher on Tuesday following another volatile session on Wall Street but a perfect storm of risks hovering over the global economy curbed investors’ enthusiasm. Hong Kong’s benchmark Hang Seng market led the gains, rising by half a percentage point, while equities in Japan scraped into positive territory after suffering stiff losses the previous day. Chinese stocks opened essentially flat while markets in Australia and South Korea were […]
HONG KONG, United States (AFP) — Oil prices held around four-year highs Tuesday after another blistering rally, supporting energy firms, but most markets were in retreat as traders brushed off a positive lead from Wall Street and the US-Mexico-Canada trade deal. Crude has motored in recent weeks on concerns about supplies after sanctions are imposed on Iran next month, while OPEC’s decision not to ramp up output, upheaval in Venezuela, a strong dollar and a […]
HONG KONG, China (AFP) — Asian markets rose Friday, tracking a rally on Wall Street where investors were buoyed by the Federal Reserve’s positive outlook for the US economy, and oil added to gains with predictions it could be headed back to $100. While concerns over the China-US trade row hang in the air, equities continue to be supported by optimism that the global economy and companies are in rude health. That was reinforced by […]
