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HONG KONG, China (AFP) — Hong Kong stocks ended Friday with further gains, bringing an end to a spectacular week for the benchmark index that has seen it push to new records. The Hang Seng Index climbed 0.41 percent, or 132.95 points, to finish at 32,254.89. The benchmark Shanghai Composite Index climbed 0.38 percent, or 13.11 points, to 3,487.86 — putting on 1.72 percent over the week. But the Shenzhen Composite Index, which tracks stocks […]
HONG KONG, China (AFP) — Asian markets mostly rose Friday after another positive week across trading floors but investors’ desire for more buying was being tested by profit-taking and worries about a possible US government shutdown. Wall Street came off record highs to end lower as Washington lawmakers bicker over a federal funding deal, which must be passed by midnight on Friday US time. The House of Representatives passed a bill on Thursday but there […]
HONG KONG, China (AFP) — The rally across Asia that welcomed in 2018 looked to have run out of steam on Wednesday with most markets slipping into the red on profit-taking but energy shares climbed with another surge in oil prices. Strong economic fundamentals and corporate earnings as well as optimism about the impact of Donald Trump’s massive US tax cuts have helped fuel a global advance to record or multi-year highs. However, some analysts […]
HONG KONG, China (AFP) — Asian markets mostly rose on Tuesday with Hong Kong edging up for an eleventh straight trading day as investors press on with a global rally that has the region enjoy its best start to a year since 2006. Wall Street provided yet another record lead as eyes turn to the beginning of the corporate earnings season, with sentiment buoyed by strong economic readings and hopes that Donald Trump’s tax cuts […]
TOKYO, Japan (AFP) — Tokyo’s benchmark Nikkei index closed at a 26-year high for the second consecutive day on Friday as Wall Street continued a record-setting advance. The bellwether index, which hit its best level since January 1992 on the first trading day of 2018 Thursday, added another 0.89 percent, or 208.20 points, to close at 23,714.53. The broader Topix index was up 0.89 percent, or 16.52 points, at 1,880.34. World stock markets went on […]
by John BIERS Agence France Presse NEW YORK, United States (AFP) — The Dow drifted to a fresh record Thursday in sleepy holiday trading, while bitcoin prices tumbled after South Korea announced new restrictions on cryptocurrencies. Most of the 30 companies in the Dow Jones Industrial Average advanced in a quiet session, the latest record on the heels of dozens of earlier all-time highs in US equities this year. US stocks have been boosted all […]
TOKYO, Japan (AFP) — Bitcoin prices plunged about 15 percent in Asian trade Wednesday before recouping some of the losses as investors apparently took fright at news that a South Korean exchange had been hacked. The unit, which hit a record $19,500 at the start of the week, took a hit as it emerged that South Korean exchange Youbit had been hacked, leading the firm to say it will close and start bankruptcy proceedings, according to Bloomberg […]
NEW YORK, United States (AFP) — The US Securities Exchange Commission on Tuesday suspended trading of a popular bitcoin related stock that has soared in recent weeks, citing concerns about market manipulation. The Crypto Company’s share price had risen an eye-watering 1,700 percent, from $3.30 to $575 between the end of September and Monday evening before the SEC intervened to halt trades until January 4. A statement cited “concerns regarding the accuracy and adequacy of […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher Tuesday following global rallies the previous day, as Wall Street notched fresh records with US tax cuts in sight. The Nikkei 225 index rose 0.29 percent, or 67.25 points, to 22,969.02 in early trade while the broader Topix index was up 0.19 percent, or 3.37 points, at 1,821.27. © Agence France-Presse
TOKYO, Japan (AFP) — Tokyo stocks opened flat Wednesday as investors fled to the sidelines ahead of a rate announcement by the US Federal Reserve, while Toshiba edged up after it settled a dispute with its US partner. The benchmark Nikkei 225 index inched down 0.57 points to 22,865.60, while the broader Topix index was up 0.10 percent, or 1.89 points, at 1,816.97. Wednesday’s Tokyo trade “lacks a clear sense of direction” ahead of the […]
NEW YORK, United States (AFP) — Global stocks were under pressure Wednesday from weakening oil prices and worries about President Donald Trump’s decision to recognize Jerusalem as Israel’s capital. Major equity markets finished mixed, with Tokyo and Hong Kong falling decisively and indices in London, Paris, Frankfurt and New York ranging from flat to slightly positive or negative. Petroleum-linked shares were pressured as a US inventory report showed swelling supplies of gasoline, hitting oil prices. […]
HONG KONG, China (AFP) — The dollar struggled Thursday in Asia following the previous day’s losses as dovish Federal Reserve minutes rowed back expectations for US interest rate hikes. While board members at the US central bank will likely lift borrowing costs next month, official records of their October meeting indicate some are increasingly concerned about persistently low inflation as well as high equity prices. The release of the minutes came after data showing a […]
