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HONG KONG, China (AFP) — Asian markets mostly rose Thursday but traders remain concerned about the China-US trade deal and Donald Trump’s summit with Kim Jong Un, while automakers were hit by news Washington was considering huge tariffs on vehicle imports. Investors went into selling mode despite minutes from the Federal Reserve’s latest policy meeting that showed the central bank was less hawkish on interest rates than previously thought. The selling is a far cry […]
HONG KONG, China (AFP) — Most Asian markets dipped Thursday following a sell-off in New York as investors keep an eye on top-level talks between China and the United States on trade, while the dollar’s latest rally lost a little steam. The tariff spat between the world’s two biggest economies returns to the fore as a US delegation — including Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross — sit with Chinese officials in […]
HONG KONG, China (AFP) — Asian markets resumed their downward spiral on Wednesday following a sell-off on Wall Street, with technology firms tracking their US counterparts, while trade war fears continue to niggle at investor confidence. The volatility that has raked trading floors since the start of February shows no sign of abating as heavy, across-the-board selling followed Tuesday’s rally. Confirmation North Korean leader Kim Jong Un had visited Beijing this week to meet President […]
HONG KONG, China (AFP) — A wave of optimism flowed across Asian markets on Tuesday, tracking a surge on Wall Street, as fears of a US-China trade war receded. Speculation that Kim Jong Un was on a surprise, secret visit to Beijing also lifted spirits — and the South Korean won — as the North Korean leader prepares for possible nuclear talks with Donald Trump. The gains on all markets chipped away at the sharp […]
HONG KONG, China (AFP) — Asian markets plunged Friday following a sell-off in New York as Donald Trump sparked fresh trade war fears by imposing huge tariffs on Chinese imports and Beijing unveiled its own measures against US goods. The president announced levies on up to $60 billion of imports from China for what he describes as the “theft” of American intellectual property, fuelling speculation that a strong recovery in the world economy could be […]
HONG KONG, China (AFP) — Asian investors remained on edge Friday as the curtain came down on another volatile week for markets with fears of a global trade war playing off against a positive economic outlook. Investors have swung from optimism to pessimism since last week’s controversial move by Donald Trump to throw up tariffs on imports of some metals, with the removal of his moderate secretary of the state adding to the unease. However, […]
HONG KONG, China (AFP) — Asian markets mostly rose on Wednesday, led by energy giants on the back of rising commodity prices, while traders were also buoyed by strong earnings and positive economic data that saw Wall Street rack up fresh records. Improving demand and the weakening dollar helped fuel a jump in copper prices to five-month peaks, while oil has also been boosted by a report pointing to lower United States stockpiles. Both crude […]
HONG KONG, China (AFP) — Asian markets mostly headed into the weekend on a negative note Friday following a sell-off on Wall Street, United States jobs data coming in below par and a dive in oil prices fueling losses across the energy sector. Increasing expectations that central banks are about to start winding down their easy money policies are also weighing on buying sentiment and dragging on the dollar. With traders already nervous over North […]
by Danny McCord Agence France-Presse Asian markets turned negative Thursday following two days of gains, but energy firms were lifted by an oil rally while the pound held up after Britain formally triggered talks to leave the European Union. Trading floors turned red at the start of the week as Donald Trump’s failure to push through his healthcare reform fuelled worries about the prospects for his economy-boosting agenda. Regional traders had regained some confidence since […]
