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HONG KONG, China (AFP) — Asian markets headed into the weekend on a cautious note Friday ahead of a key speech by Federal Reserve boss Jerome Powell, while the pound held the previous day’s rally fuelled by rekindled hopes for a soft Brexit. After a positive start to the week sparked by China-US trade hopes, investors have taken a wait-and-see approach ahead of Powell’s address, which will be parsed for an idea about the central […]
HONG KONG, China (AFP) — Markets retreated in Asia on Tuesday as uncertainty over the China-US trade talks was compounded by increasing tensions in Hong Kong and an economic crisis in Argentina. Investor confidence has been knocked this month by a perfect storm of negative issues, only slightly offset by hopes for further central bank easing measures as the global outlook dims. Comments from Donald Trump throwing next month’s planned trade talks into doubt, as […]
HONG KONG, China (AFP) — Asian markets largely rallied Friday, tracking a rebound on Wall Street, as investors attempted to shrug off lingering US-China trade war fears. Positive data out of Japan helped drive the Nikkei index up by 0.7 percent, after figures showed the world’s third-biggest economy was growing faster than analysts had predicted. The stronger-than-expected data showed Japan’s gross domestic product grew 0.4 percent from the previous quarter on robust consumer demand, beating […]
HONG KONG, China (AFP) — Asian markets largely extended their losses on Wednesday despite Wall Street registering strong gains as investors remained on edge over escalating US-China trade tensions. Asia’s losses came despite a gain of more than one percent for US indices as Wall Street recovered from a multi-session losing streak that saw the Dow hit its lowest level this year. Equities had tumbled Monday after Beijing allowed the yuan to slide sharply against […]
HONG KONG, China (AFP) — Asian markets slumped in morning trade Tuesday, tracking global losses after Wall Street suffered its worst sell-off of the year as investors fretted over the US-China trade war. A sharp fall in the Chinese yuan’s value against the dollar — breaching the 7.0 level seen as a key threshold by investors — prompted US President Donald Trump to formally designate Beijing as a currency manipulator. Tensions have escalated since Trump […]
HONG KONG, China (AFP) — Asian markets were tempered Thursday after two days of gains as doubts emerged over next week’s US-China trade meeting. Reports that Donald Trump’s Trade Representative Robert Lighthizer will lead a delegation to China next week to resume trade talks buoyed markets on Wednesday. The meeting would be the first head-to-head since negotiations were cut short in May by Trump’s surprise decision to hit China with more tariffs for what he […]
HONG KONG, China (AFP) — Asian markets rose Tuesday, tracking gains on Wall Street with confidence given a boost by a positive earnings season and speculation top US and Chinese negotiators will hold face-to-face trade talks soon. A bipartisan agreement to raise the US debt ceiling to fund government for another two years — avoiding another painful shutdown — also provided some cheer. The gains across the board come a week before the Federal Reserve […]
HONG KONG, China (AFP) — Most Asian markets fell Tuesday as investors take a breather after a recent rally and as they await the start of the corporate earnings season. Wall Street provided another record-breaking lead as an expected Federal Reserve interest rate cut continues to fuel optimism, while top Chinese and US negotiators plan to hold fresh trade talks over the phone this week. Tokyo led losses as it reopened after a long weekend, […]
HONG KONG, China (AFP) — Asian markets slipped on Monday as data showed China’s economy growing at its weakest pace in nearly three decades, hit by the US trade war, while investors debate the depth of an expected Federal Reserve interest rate cut. The world’s number-two economy expanded 6.2 percent in April-June, the worst reading since the early 1990s but in line with forecasts and within the government’s target range. The reading highlights the negative […]
HONG KONG, China (AFP) — Oil prices fell sharply on Tuesday even as leading crude exporters extended a supply agreement, while global equities mostly nudged higher in the aftermath of the weekend’s US-China trade detente. Benchmark crude prices tumbled more than four percent following the latest agreement among oil producers, confirmed at a meeting of the Organization of the Petroleum Exporting Countries in Vienna and supported by Russia and other exporters. Analysts still see the […]
HONG KONG, China (AFP) — Asian markets surged Monday after Donald Trump and Xi Jinping agreed to restart trade talks, reviving hopes of an end to their tariffs war, while oil prices also rallied on news that Saudi Arabia and Russia will extend their output caps. Trump’s historic visit to North Korea, where he met leader Kim Jong Un, soothed geopolitical concerns and added to the upbeat mood on trading floors. After a highly anticipated […]
HONG KONG, China (AFP) — Asian markets fell on Friday as investors keep a nervous watch on developments in the G20 summit, with trade top of the agenda and a key focus on the much-anticipated meeting between Donald Trump and Xi Jinping. Equities have enjoyed a largely positive couple of weeks on hopes for progress in the head-to-head between the leaders of the world’s top two economies, though the possibility of failure continues to make […]
