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HONG KONG, China (AFP) — Asian markets were mixed Tuesday as dealers focused on crunch G20 talks between Donald Trump and Xi Jinping, with the US president warning he will ramp up his trade war with China if the two do not reach a deal. With the economic superpowers in the middle of an increasingly bitter standoff, there are hopes the two leaders will be able to work out an agreement that brings them back […]
NEW YORK, United States (AFP) — Global stocks rallied Monday, shaking off recent weakness ahead of a meeting between the presidents of the United States and China that investors hope will produce a breakthrough. Markets were also hopeful as oil prices stabilized, Britain sealed a Brexit deal with the EU and Italy signaled a more conciliatory stance in a budget fight with Brussels. “The main driver is that we were oversold for a short period […]
TOKYO, Japan (AFP) — Most Asian markets rose Monday as investors tentatively pick up cheap stocks, with focus on an expected meeting between Donald Trump and Xi Jinping at the weekend that will be watched for signs of a softening in the China-US trade war. The broad gains came despite more hefty selling in energy firms after another collapse in oil prices on Friday, while the pound was flat against the dollar after European Union […]
HONG KONG, China (AFP) — Asian equities stabilized Thursday following a modest rebound in energy and tech stocks on Wall Street, with US markets closed for the Thanksgiving holiday. But analysts warned the tepid uplift in New York Wednesday should not be interpreted as a sign of the start of a recovery from the recent carnage on global stock markets. Investor sentiment remains fragile following the volatility that has swept markets since October, while the […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Tuesday with shares in Nissan diving more than six percent and Mitsubishi also plunging after chairman Carlos Ghosn was arrested over allegations of financial misconduct. The benchmark Nikkei 225 index was down 1.08 percent or 235.19 points at 21,585.97 in early trade, while the broader Topix index was down 0.97 percent or 15.91 points at 1,621.70. Nissan shares traded 6.05 percent lower at 944.6 yen after dipping […]
HONG KONG, China (AFP) — Asian investors moved nervously Thursday as they struggled in the face of multiple headwinds, while oil prices resumed their drop and the pound struggled to hold its gains. Fears about the China-US trade war, rising Federal Reserve interest rates, tensions within the European Union and slowing growth in most economies have helped drive stocks south for the past few months. And this week it has been the turn of the […]
HONG KONG, China (AFP) — Technology firms led a plunge in Asian markets Tuesday, tracking a deep sell-off in New York where Apple tumbled on worries about demand for its iPhones, while energy firms were also in free-fall 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 […]
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 markets were mixed Tuesday as focus turned to the US midterm elections, which could impact Donald Trump’s presidency, while Apple suppliers were hit by reports the tech titan had cancelled plans to ramp up output of its new iPhone. The US goes to the polls in the first major electoral test for Trump since he took the White House and embarked on an “America First” agenda that has split […]
NEW YORK, United States (AFP) — Stock markets on both sides of the Atlantic held steady on Monday as cautious investors eyed the upcoming US midterm elections, the resumption of Washington’s sanctions on Iran and brewing fiscal fears in Italy. Wall Street stocks finished mostly higher on the eve of the key vote, with the Dow and S&P 500 both notching solid gains, even as the Nasdaq pulled back. The mixed-bag session on Wall Street […]
HONG KONG, China (AFP) — Asian markets mostly fell Monday after Donald Trump’s top economics adviser took the wind out of their sails by downplaying the chances of a quick deal to end the China-US trade war. The US leader fuelled a blistering rally in the region Friday by tweeting that he had held positive talks with Chinese President Xi Jinping, before a report said he had even asked officials to draw up a draft […]
HONG KONG, China (AFP) — Most Asian markets posted healthy gains Thursday, tracking another rally on Wall Street, with Hong Kong and Shanghai leading the way following a Chinese pledge to support the world’s number two economy The healthy gains to kick off November come as dealers look to put behind them one of the worst months in recent years, which saw billions wiped from valuations and confidence battered. While markets still face myriad problems, […]
