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HONG KONG, China (AFP) — Asian markets fell Wednesday following a rout on Wall Street, as investors were bombarded by a “perfect storm” of problems from trade to Brexit that erased the positivity seen at the start of the week. The glum mood overshadowed hints from Donald Trump at more time to resolve the China-US trade row, as well as soothing comments from China about their desire to push on with a weekend agreement between […]
Oil prices soared on Monday after Russia and Saudi Arabia renewed a pact to cap output, while the US agreed to halt raising tariffs on Chinese imports, stalling a trade row that many feared could hit demand for the commodity. Russian President Vladimir Putin said Saturday he and Crown Prince Mohammed bin Salman “have agreed to extend our agreement” to limit production as prices slump on global markets. An existing deal committing OPEC and non-members […]
HONG Kong, China (AFP) — Asian markets mostly rose Friday bringing a broadly upbeat week to a positive end as attention turns to the much-anticipated meeting between Donald Trump and Xi Jinping. Energy firms enjoyed gains after a rally in oil prices, while high-yielding and emerging market currencies continued Thursday’s advances against the dollar as the Federal Reserve shows signs it will slow down its pace of interest rate hikes. While the outcome of […]
HONG KONG, China (AFP) — The dollar extended losses in Asia while most equities rose after the head of the Federal Reserve hinted at a softer pace of interest rate hikes, though investors remain wary about the weekend’s crunch trade talks between Donald Trump and Xi Jinping. US markets were sent soaring Wednesday after Fed chief Jerome Powell said borrowing costs were still historically low but only “just below” the neutral level, a rate that […]
NEW YORK, United States (AFP) — Global stocks were mixed Tuesday as the White House sent conflicting messages about the likelihood of a trade deal with China at this week’s G-20 summit. Markets in Europe and Asia finished mostly lower after US President Donald Trump on Monday appeared to dismiss the idea of agreement with Beijing at the Group of 20 leaders’ meeting. But the more upbeat comments on Tuesday from White House economic advisor […]
TOKYO, Japan (AFP) — Tokyo stocks rose for the third straight session on Tuesday, as investor sentiment improved following rallies on Wall Street with expectations growing for a year-end shopping spree. The benchmark Nikkei 225 index gained 0.64 percent or 140.40 points to close at 21,952.40, while the broader Topix index was up 0.73 percent or 11.96 points at 1,644.16. “The Tokyo market took a positive lead from New York, where stocks rallied with a […]
HONG KONG, China (AFP) — Asian markets mostly rose Thursday, with Hong Kong and Shanghai rallying on hopes for an easing of the China-US trade war, while energy firms also enjoyed a much-needed bounce as oil prices stabilised. The pound also held up after British Prime Minister Theresa May narrowly won support for her Brexit deal from cabinet members, though Apple suppliers faced renewed selling. Fears about the trade war, rising Federal Reserve interest rates, […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Wednesday, rebounding from the previous day’s sharp drops on news of US-China trade talks and Britain’s announcement of a draft exit deal with the European Union. The benchmark Nikkei 225 index, which ended down more than 2.0 percent on Tuesday, rose 0.51 percent or 111.27 points, to 21,921.79 in early trade while the broader Topix index was up 0.56 percent or 9.19 points at 1,647.64. Overnight […]
TOKYO, Japan (AFP) — Tokyo’s benchmark Nikkei index dropped 2.67 percent on Tuesday amid lingering worries over geopolitical risks and ahead of the corporate earnings report season. The Nikkei 225 index dropped 2.67 percent or 604.04 points to end at 22,010.78, while the broader Topix index lost 2.63 percent or 44.59 points to 1,650.72. “Geopolitical risks linked to the EU and the Middle East dragged down share prices, extending falls on New York’s Dow,” Okasan […]
TOKYO, Japan (AFP) — Tokyo’s benchmark Nikkei index rose to a 27-year high on Monday, boosted by a weak yen and a breakthrough in trade talks between the United States and Canada. The Nikkei 225 index gained 0.52 percent or 125.72 points to close at 24,245.76 — the highest since November 1991 when Japan Inc was closing the final chapter of the nation’s speculative “bubble” economy. “Reaching a 27-year high is symbolic but still a […]
HONG KONG, China (AFP) — Most Asian markets rose on Wednesday, with energy firms surging along with oil prices, as traders await the conclusion of a key Federal Reserve policy meeting. While worries about the China-US trade row continue to erode confidence, the strong US economy and healthy corporate outlook are providing some buoyancy for now. The weekend decision by major producers from inside and outside OPEC to maintain output — despite Donald Trump’s call […]
NEW YORK, United States (AFP) — Global stocks were mixed on Wednesday, with Wall Street gyrating on the latest headlines connected to myriad trade conflicts and US airlines and insurers falling ahead of the arrival of a major hurricane. Bourses in London, Paris and Frankfurt all finished solidly higher, with some investors hunting for bargains after recent weakness, traders said. “Stocks have ticked up although traders remain nervous about the state of global trading […]
