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HONG KONG, China (AFP) — Asian stocks mostly fell Monday, extending last week’s rout as investors remain on edge following another hammering for Wall Street. Even a forecast-busting jump in US economic growth in the third quarter was not enough to prevent all three main indexes in New York from tanking, with the Dow and S&P 500 falling into negative territory for the year. The US losses came after disappointing earnings reports from titans Alphabet […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher Friday, a day after plunging 3.7 percent, with sentiment buoyed by a rally on Wall Street. The benchmark Nikkei 225 index turned up 0.60 percent or 126.75 points, to 21,395.48 in early trade while the broader Topix index was up 0.59 percent or 9.37 points at 1,610.29. Wall Street rebounded strongly on Thursday from the prior session’s rout on fears over slowing corporate earnings growth. Tech shares […]
HONG KONG, China (AFP) — Asian markets rose Friday, tracking a rally on Wall Street where investors were buoyed by the Federal Reserve’s positive outlook for the US economy, and oil added to gains with predictions it could be headed back to $100. While concerns over the China-US trade row hang in the air, equities continue to be supported by optimism that the global economy and companies are in rude health. That was reinforced by […]
HONG KONG, China (AFP) — Asian markets rose Friday, tracking a rally on Wall Street where investors were buoyed by the Federal Reserve’s positive outlook for the US economy, and oil added to gains with predictions it could be headed back to $100. While concerns over the China-US trade row hang in the air, equities continue to be supported by optimism that the global economy and companies are in rude health. That was reinforced by […]
HONG KONG, China (AFP) — Asian markets swung on Thursday as investors considered the prospect of more US interest rate hikes and Donald Trump’s latest broadside in his trade war with China. The US central bank lifted borrowing costs for the third time this year, as expected, citing an increasingly strong economy and jobs market, with governor Jerome Powell saying he saw no vulnerabilities in the financial system. The post-meeting statement removed mention of being […]
HONG KONG, China (AFP) — Most Asian markets fell Thursday, with investors unable to build on another record close on Wall Street, instead taking profits after a strong week. New York’s indexes powered ahead as news that Canada and the United States were close to a fresh deal that would revive the North American Free Trade Agreement coincided with better-than-expected US growth and a possible breakthrough in Brexit talks. The pound and euro were also […]
HONG KONG, China (AFP) — Asia struggled on Thursday to ride the wave of optimism that swept Wall Street to another record close, with investors taking a breather after a strong week across most markets. New York’s indexes powered ahead as news that Canada and the United States were close to a fresh trade deal that would revive NAFTA coincided with better-than-expected US growth and a possible breakthrough in Brexit talks. The pound and euro […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher Wednesday, helped by a halt in the dollar’s weakness and rallies on Wall Street on hopes the US is working towards defusing trade conflicts with China. The benchmark Nikkei 225 index rose 0.20 percent, or 43.53 points, to 22,263.26 in early trade while the broader Topix index was up 0.04 percent, or 0.66 points, at 1,686.08. “With four consecutive days of rallies in the US market and […]
HONG KONG, China (AFP) — Asian markets opened higher Friday after a positive lead from Wall Street and Europe, with investors cautiously optimistic about upcoming US-China trade talks. Negotiators from Washington and Beijing will meet later this month in the first publicly announced meeting in weeks on their bitter trade dispute, which has seen both sides impose reciprocal tariffs on goods worth $34 billion. The news helped global markets regain composure after several days of […]
TOKYO, Japan (AFP) — Tokyo stocks opened fractionally higher Tuesday following overnight gains on Wall Street, as investors searched for fresh news to move the market. The benchmark Nikkei 225 index rose 0.06 percent, or 14.27 points, to 22,521.59 in early trade while the broader Topix index was up 0.04 percent, or 0.63 points, at 1,733.53. With a dearth of major incentives, players will likely cherry pick selective shares like companies with strong earnings, before […]
HONG KONG, China (AFP) — Most Asia markets rose Monday as investors built on last week’s rally, with another healthy lead from Wall Street providing support, but oil prices retreated from their three-and-a-half-year highs. Malaysia’s ringgit sank almost one percent but stocks were up 0.5 percent in Kuala Lumpur as trading resumed after last week’s general election that saw a shock win for 92-year-old former premier Mahathir Mohamad. While analysts had expected a sharp drop […]
by John Biers Agence France Presse NEW YORK, United States (AFP) — Wall Street stocks powered higher Friday after a mixed US jobs report was seen as reducing the odds of faster Federal Reserve interest rate hikes. US stocks initially went sideways following the jobs data but began moving gradually higher after the open, with the Dow ultimately finishing up a solid 1.4 percent. Earlier, European stock markets rose, while oil prices pushed higher on […]
