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HONG KONG, China (AFP) — Most Asian markets rose Thursday after the previous day’s sharp losses but technology firms fell after Apple slashed its revenue forecasts blaming slowing China sales. The yen pared early sharp gains from a flash crash, which saw the dollar briefly plunge to its lowest level since March after the Apple announcement, while the Australian dollar hit a 10-year low against the greenback. Investors trod cautiously as bargain-buyers capitalized on Wednesday’s […]
TOKYO, Japan (AFP) — Japanese shares surged nearly four percent on Thursday, with investors heartened by Wall Street’s best performance in nine years after the White House said Fed Chair Jay Powell would not be fired. Asian markets followed Tokyo’s lead with most showing gains, giving some welcome relief from a lingering global market downturn. Singapore was up 1.4 percent in afternoon trade, Taiwan gained 1.7 percent and Bangkok rose 0.8 percent. Sydney closed up […]
by Frederick ATTEWILL Agence France-Presse HONG KONG, China (AFP) — Fresh political turbulence in Washington and renewed fears over US-China relations pushed Asian markets lower Friday, as a global slump sparked by unease over Fed policy showed no signs of easing. The resignation of US Defense Secretary Jim Mattis — seen as a moderating force on an often impulsive president — and the looming threat of a federal government shutdown alarmed investors as concern grows […]
HONG KONG, China (AFP) — Tokyo led a rout of Asian shares Thursday, mirroring big losses on Wall Street after the Fed defied unprecedented pressure from Donald Trump and raised interest rates, sparking fears the move could choke economic growth. The Nikkei plunged to a 15-month low as investors took fright over the pace of monetary tightening, with a slump triggered by the Dow’s fall to its lowest level of 2018 gathering pace. The US […]
HONG KONG, China (AFP) — Most markets were mixed in Asia Wednesday as investors moved cautiously after the previous day’s sell-off, while focus is on a Federal Reserve policy decision with opinions split on whether or not it should hike interest rates again. Oil prices also edged up but were struggling to make a dent in the steep losses sustained Tuesday as traders fret over a global supply glut, higher production and the outlook for […]
HONG KONG, China (AFP) — Asian markets mostly fell Tuesday following a sharp retreat on Wall Street fueled by increasing worries about the global economy, while investors await the Federal Reserve policy meeting this week. A much-anticipated speech by President Xi Jinping left investors crestfallen as they had been hoping for comments about stimulus or even clues about possible reforms to China’s economy and plans for the next year. After a broadly upbeat start to […]
HONG KONG, China (AFP) — Asian markets fell Wednesday following a rout on Wall Street, as investors were bombarded by a “perfect storm” of problems from trade to Brexit that erased the positivity seen at the start of the week. The glum mood overshadowed hints from Donald Trump at more time to resolve the China-US trade row, as well as soothing comments from China about their desire to push on with a weekend agreement between […]
HONG KONG, China (AFP) — Asian markets mostly dropped Tuesday as the previous day’s euphoria over the China-US trade war 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) — Asian markets mostly rose Monday but investors were keeping a close eye on the China-US trade row after Donald Trump’s optimistic comments on a possible deal were offset by a war of words between his vice president and Xi Jinping. The mood across the region was a little calmer at the start of the week, providing some much-needed support after the volatility of seven days ago, with oil stabilizing and […]
HONG KONG, China (AFP) — Asian markets swung throughout Friday as investors weighed China-US trade speculation, while the pound struggled to stage a strong recovery from the previous day’s Brexit-fueled bruising. As a volatile week drew to a close, some stability emerged in the oil sector with earlier sharp losses tailing off, providing relief to regional energy firms. Hopes that the world’s top two economies are making efforts to resolve their painful tariffs standoff provided […]
HONG KONG, China (AFP) — Technology firms fell in Asia Tuesday, tracking a deep sell-off in New York where Apple was hammered by worries about demand for its iPhones, while energy firms also fell 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 economic growth. The latest […]
HONG KONG, China (AFP) — Asian markets turned lower Friday as investors took their foot off the pedal at the end of a broadly positive week, while the dollar strengthened after the Federal Reserve flagged more interest rate hikes down the line. Energy firms were among the biggest losers as oil prices fell into a bear market after dropping 20 percent from their recent highs. The US midterms provided a much-needed fillip to equities as […]
