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HONG KONG, China (AFP) — Asian markets rose Friday as Donald Trump struck an upbeat note on trade talks with China, while the pound held steady after British MPs voted to delay Brexit. While there remain some concerns about the global outlook, investor confidence has been supported by ongoing optimism that the world’s two biggest economies will eventually hammer out a deal to end their long-running trade row. The US president provided fresh cheer Thursday […]
HONG KONG, China (AFP) — Asian markets retreated Wednesday after two days of gains but the pound enjoyed some stability after the previous day’s sharp losses sparked by Theresa May’s Brexit deal being tossed out by MPs. Sterling saw wild fluctuations Tuesday as it hit a near two-year high on news the prime minister had won a last-minute revision to her agreement with the EU, then tanked to a three-week low as it was rejected […]
HONG KONG, China (AFP) — Asian markets fluctuated Thursday as optimism over China-US trade talks was tempered by Donald Trump’s top negotiator, while investors also digested weak factory data from Beijing and fresh geopolitical tensions in Kashmir. The global rally that has characterized most of this year took a knock after US Trade Representative Robert Lighthizer told lawmakers that “real progress” had been made with China, but a lot of work was still needed before […]
HONG KONG, China (AFP) — Asian markets rose Monday as investors were cheered by a blockbuster US jobs report last week, while trade was thin owing to the three-day Lunar New Year break. Expectations that the Federal Reserve will take its foot off the gas in raising interest rates and optimism that China and the United States will eventually hammer out a deal to resolve their long-running trade war were also providing support. With most […]
HONG KONG, China (AFP) — Asian markets fell Tuesday as the charging of Chinese giant Huawei in the US cast a shadow over upcoming trade talks, while investors were also tracking a Wall Street sell-off fuelled by concerns corporate profits. A busy week across the globe got off to a nervous start Monday after industrial giant Caterpillar and chip company Nvidia projected worse-than-expected results for 2019, citing ongoing weakness in China. The announcements from two […]
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 filip to equities as […]
HONG KONG, China (AFP) — Asian stocks mostly fell Monday, extending last week’s rout as investors remain on edge following another hammering for Wall Street. Even a forecast-busting jump in US economic growth in the third quarter was not enough to prevent all three main indexes in New York from tanking, with the Dow and S&P 500 falling into negative territory for the year. The US losses came after disappointing earnings reports from titans Alphabet […]
NEW YORK, United States (AFP) — World stocks were mixed to start the week on Monday, as investor enthusiasm in Asia failed to spread to Europe and Wall Street, where geopolitical worries weighed on indices. In Europe, stocks gave up early gains following a defiant reply to EU critics by Rome, which intends to stick to a controversial spending budget. The dollar rose against major rivals, while oil prices edged lower, as investors also tracked […]
NEW YORK, United States (AFP) — Harvard University went on trial Monday over an opaque admissions selection process that critics say discriminates against Asian students. A lawsuit has challenged the use of race as a factor in Harvard admissions — a decades-old push to boost minority enrollments at America’s oldest and perhaps most prestigious university. Federal Judge Allison Dale Burroughs heard opening arguments in the non-jury civil trial in Boston expected to last three weeks. […]
by Richard CARTER Agence France Presse TOKYO, Japan (AFP) — Asian stocks opened the week on the back foot Monday, with investors still in gloomy mood after several days of market turbulence sparked by trade rows and a spat over the US central bank. Japanese equities led the way lower, with the benchmark Nikkei 225 shedding almost two percent, not helped by reports that Prime Minister Shinzo Abe would later Monday announce a hike in […]
HONG KONG, China (AFP) — Asian markets fell on Monday, extending last week’s sell-off as another strong US jobs reading further fanned expectations the Federal Reserve will hike interest rates at a quicker pace. Shanghai led the retreat as mainland investors returned from a week-long break, during which time China was accused of using microchips in computer equipment sold in the US as part of a drive to steal technology secrets. The losses in China […]
HONG KONG, China (AFP) — Hong Kong and Shanghai stocks led a sell-off across Asian and European markets Tuesday on rising trade war fears after Donald Trump threatened fresh tariffs on Chinese imports and Beijing warned of countermeasures. Trump said he had asked the US Trade Representative to identify $200 billion worth of imports to be targeted, adding he would hit a further $200 billion if Beijing retaliates. Investors were already on edge after the world’s […]
