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HONG KONG, China (AFP) — Asian markets rose Thursday as investors brushed off Donald Trump’s latest dig at China and threat to impose more tariffs on the country’s goods if crunch talks with Xi Jingping fail this weekend. Before setting off for the G20 summit in Japan the president said in an interview that he had a “Plan B” in case the face-to-face shows no progress, adding he would “take in billions and billions of […]
HONG KONG, China (AFP) — Oil prices extended gains Monday as rising US-Iran tensions fuelled supply concerns, while Asian equity traders moved cautiously ahead of a crunch meeting between Donald Trump and Xi Jinping this week. Both main crude contracts are up almost 10 percent since Tehran last week shot down a US “spy drone” for breaching its airspace, ratcheting up fears of a conflict between the old foes. At the weekend Trump said he […]
HONG KONG, China (AFP) — The dollar extended losses and Asian markets enjoyed another day of gains Thursday after the Federal Reserve indicated it could soon cut interest rates. The softer slant from the US central bank provided more support to global investors, who were already in buoyant mood after Donald Trump flagged positive talks with China’s Xi Jinping and raised hopes of a trade deal between the economic giants. After a much-anticipated meeting, Fed […]
by Roland JACKSON NEW YORK, United States (AFP) — World oil prices rose Thursday following suspected attacks on two tankers in the Gulf of Oman, worsening frayed tensions in the crude-rich Middle East region. The rise in oil prices — jumping as much as 4.5 percent before pulling back somewhat — boosted share prices of energy companies, while global stock markets also won some support from the prospect of US interest rate cuts this year. […]
HONG KONG, China (AFP ) — Asian markets fell again Thursday with Hong Kong suffering a second straight day of heavy losses as investors fret over the impact of protests in the city and plans to introduce a controversial law allowing extradition to China. Equities were once more deep in negative territory owing to uncertainty over the China-US trade saga and following a tepid inflation report out of Washington, while oil prices were wallowing at […]
HONG KONG, China (AFP) — Markets extended the previous day’s gains in Asia on Tuesday, with investors turning their attention back to the China-US trade row and a planned meeting between the countries’ leaders later this month. Donald Trump’s decision to drop threatened tariffs on Mexico after a last-minute immigration deal last week sparked relief across trading floors and led to hope that the row with Beijing could also end with some sort of agreement. […]
HONG KONG, China (AFP) — Asian markets rose Friday, tracking gains on Wall Street following a report that the United States could delay its plan to hit Mexico with tariffs. The threats against Mexico have intensified anxiety among investors, who were already rattled by the seemingly endless US-China trade war. But US stocks enjoyed a bounce Thursday after Bloomberg News reported that Washington could push back its plan to impose tariffs on Mexico on June […]
HONG KONG, China (AFP) — Asian stocks largely fell Tuesday, reversing early gains on a bargain-hunting push by investors, as global trade tensions continued to weigh on markets. Fears of an economic slowdown have mounted in recent days as US President Donald Trump has threatened Mexico with tariffs, adding to anxieties over the US-China trade war, which shows no signs of a resolution. The market’s “assumption that the slowing global economy would recover later this […]
HONG KONG, China (AFP) — Asian stocks edged down Friday, despite modest gains on Wall Street overnight, as US President Donald Trump’s sudden announcement of tariffs on all Mexican imports saw Tokyo shares drop. Trump’s Twitter announcement of a five percent tariff on all goods from Mexico starting June 10 sent shares in automakers with plants in the North American country falling sharply. Trump said the duties would gradually increase until “illegal migrants” stop coming […]
HONG KONG, China (AFP) — Asian stocks sank Wednesday, tracking losses in Europe and on Wall Street as investors grew anxious about a possible economic slowdown and the absence of any progress in resolving the US-China trade war. Economists say the trade dispute between the world’s top two economic superpowers will have grim implications for consumers, who will have to bear the costs of punitive tit-for-tat tariffs. Although an index of US consumer confidence on […]
HONG KONG, China (AFP) — The increasingly fractious trade row between China and the United States was the main focus of Asian investor angst Friday, with most markets down to extend the previous day’s steep losses, though oil edged back from a painful sell-off. With little hope for a quick turnaround in the standoff the economic superpowers appear to be digging in their heels as they exchange barbs, blaming each other for the breakdown in […]
HONG KONG, China (AFP) — Asian markets extended a global sell-off Tuesday following hefty losses on Wall Street that came in response to China’s hike in tariffs on $60 billion of US imports, ramping up tensions in a trade war between the global economic titans. The move by Beijing was followed by a warning of further action such as dumping US Treasuries and came days after Washington more than doubled levies on $200 billion of […]
