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TOKYO, Japan (AFP) — Tokyo stocks opened flat on Monday with worries over a US-China trade war partly offset by optimism about the US economy. The benchmark Nikkei 225 index edged up just 0.20 points to 22,517.03 in early trade, while the broader Topix index was down 0.11 percent or 1.95 points at 1,742.88. Falls in Japanese shares come after world stock markets mostly climbed Friday despite rising trade tensions, with the Dow snapping an […]
HONG KONG, China (AFP) — Hong Kong and Shanghai stocks led a sell-off across Asian and European markets Tuesday on rising trade war fears after Donald Trump threatened fresh tariffs on Chinese imports and Beijing warned of countermeasures. Trump said he had asked the US Trade Representative to identify $200 billion worth of imports to be targeted, adding he would hit a further $200 billion if Beijing retaliates. Investors were already on edge after the world’s […]
The dollar extended gains against its peers in Asian trade Wednesday as investors await a key Federal Reserve decision later in the day, but most equity markets dipped. As the euphoria over the historic summit between Donald Trump and Kim Jong Un recedes, investors are focusing on macroeconomic issues with concerns over global trade causing some discomfort. “With a rate hike widely expected, investors are focused on the Fed’s statement wording, economic projections and press […]
SEOUL, South Korea (AFP) — Shares in South Korean builders, railway component makers and other firms with links to the North rocketed on Monday as Friday’s inter-Korea summit fuelled optimism for new cross-border projects. The historic meeting saw the North’s leader Kim Jong Un and South Korean President Moon Jae-in vowing to “encourage more active cooperation, exchanges” and promote “co-prosperity.” The declaration sent shares of many firms which were once involved in now moribund inter-Korean […]
TOKYO, Japan (AFP) — Tokyo stocks fell for the third straight session on Tuesday as high-tech shares faced selling pressure after a Facebook data breach scandal sent US stocks sharply down. The benchmark Nikkei 225 index lost 0.47 percent or 99.93 points to close at 21,380.97, while the broader Topix index was down 0.21 percent or 3.68 points at 1,716.29. “High-tech shares were hit by the data breach at Facebook,” said Hikaru Sato, senior technical […]
HONG KONG, China (AFP) — Steel and aluminum producers across Asia sank Friday on news of Donald Trump’s controversial tariffs, though some analysts said the long-term effects on the sector might not be as bad as thought. The president said Thursday he would slap levies of 25 percent on steel and 10 percent on aluminum imports, delivering an election campaign promise to put “America First” and protect US jobs from what he claims are […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Thursday, supported by modest gains on Wall Street with investor focus shifting to a number of upcoming corporate earnings announcements. The benchmark Nikkei 225 index, which fell for the sixth straight day on Wednesday, gained 0.70 percent, or 162.57 points, to 23,260.86 in early trade, while the broader Topix index was up 0.59 percent, or 10.88 points, at 1,847.59. The dollar fetched 109.19 yen in Asian […]
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 […]
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 […]
Reuters — A source told Reuters Monday the Justice Department will file a lawsuit blocking AT&T’s $85-billion purchase of Time Warner. Tech and telecom stocks like AT&T pushed Wall Street higher on Monday. Trading volumes could be thin this week ahead of the Thanksgiving holiday on Thursday since no big companies are reporting earnings and economic data are slim. “As we sit today going into year end, we think that the stability will continue. However, […]
HONG KONG, China (AFP) – Asian stocks edged up Thursday on strong US growth forecasts, as traders braced for a series of key economic announcements. The muted start to trading comes ahead of the US House Republicans’ tax announcement and confirmation of President Donald Trump’s pick for the new Federal Reserve chair, as well as an important Bank of England meeting. Investors in Tokyo and Hong Kong built moderately on overnight gains in most world […]
(Eagle News) — A complaint has been filed against a high-ranking Social Security System official after he allegedly traded stocks for his personal portfolio by using his position and the same stockbrokers who manage the SSS portfolio. A report written by Daxim Lucas published in the Inquirer on Oct. 31 said apart from Rizaldy Capulong, the fund’s executive vice president for investments, Reginald Candelaria, equities investment division chief; Ernesto Francisco Jr., head of the equities […]
