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HONG KONG, China (AFP) — Oil prices extended losses Tuesday after weak US and Chinese data reinforced recession expectations, though equities won support from hopes the figures will allow central banks to temper their pace of interest rate hikes. Stock traders tracked a Wall Street advance led by tech firms thanks to an increase in bets that the Federal Reserve will not lift borrowing costs by 75 basis points for a third straight meeting […]
HONG KONG, China (AFP) — Hong Kong stocks fell again Thursday, extending the previous day’s losses as technology firms were hit by Apple’s decision to slash its revenue forecast for the December quarter citing slowing Chinese sales. The Hang Seng index slipped 0.26 percent, or 65.99 points, to close at 25,064.36. The benchmark Shanghai Composite Index was slightly lower, dipping 0.93 points to 2,464.36, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, […]
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 […]
