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HONG KONG, China (AFP) — Most Asian markets dipped Thursday following a sell-off in New York as investors keep an eye on top-level talks between China and the United States on trade, while the dollar’s latest rally lost a little steam. The tariff spat between the world’s two biggest economies returns to the fore as a US delegation — including Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross — sit with Chinese officials in […]
HONG KONG, China (AFP) — Asian markets went into reverse Wednesday, tracking fresh losses on Wall Street as investors fret about rising US Treasury yields and speculation that interest rates will rise four times this year. Technology firms were once again in the firing line in response to a plunge in Google parent Alphabet on costs worries while Apple suffered a fifth straight loss because of concerns over the crucial smartphone sector. The yield on […]
HONG KONG, China (AFP) — Asian markets climbed Wednesday following a rally on Wall Street as easing trade and Syria concerns allowed investors to concentrate on earnings and upbeat data, while fresh news on US-North Korea talks also provided support. New York provided a strong lead, with all three main indexes posting healthy gains on the back of better-than-expected reports from heavyweights including Netflix, Goldman Sachs, and Johnson & Johnson. Adding to the upbeat sentiment […]
HONG KONG, China (AFP) — Asian investors remained on edge Friday as the curtain came down on another volatile week for markets with fears of a global trade war playing off against a positive economic outlook. Investors have swung from optimism to pessimism since last week’s controversial move by Donald Trump to throw up tariffs on imports of some metals, with the removal of his moderate secretary of the state adding to the unease. However, […]
HONG KONG, China (AFP) — Asian markets on Monday extended last week’s rally as a solid US jobs report boosted optimism in the world’s top economy, fuelling a record close on Wall Street. With sentiment still strong following Donald Trump’s decision to meet North Korean leader Kim Jong Un in an unprecedented summit to discuss its nuclear programme, equities were on the up. The upbeat developments helped temper worries about Trump’s announcement of steel and […]
NEW YORK, United States (AFP) — Wall Street stocks fell sharply Thursday after President Donald Trump said he will enact steep tariffs on steel and aluminum imports, reviving worries of a trade war. The Dow Jones Industrial Average tumbled 1.7 percent to close 24,608.98, above the worst levels of the day. The broad-based S&P 500 dropped 1.3 percent to end at 2,677.67, while the tech-rich Nasdaq Composite Index fell 1.3 percent to 7,180.356. Trump, at […]
NEW YORK, United States (AFP) — Global stocks struck a triumphant note on Monday, rising solidly ahead of an event-packed trading week. The wave of higher results began in Asia, where Tokyo’s main stocks closed up more than one percent, followed by solid gains in Europe and even stronger advances in New York. The gains helped take another bite out of the big losses suffered at the start of February when fears of US inflation […]
HONG KONG, China (AFP) — Asian markets picked up Monday where they left off last week, with gains across the board as investors tracked a healthy lead from Wall Street. The advances helped take another bite out of the big losses suffered at the start of February, which was caused by concerns over the impact of rising inflation that could lead to higher US interest rates. Those worries were eased somewhat Friday when the Federal […]
HONG KONG, China (AFP) — Asian markets rose Wednesday as traders brushed off a retreat on Wall Street with attention turning to the release later in the day of minutes from the Federal Reserve’s most recent policy meeting. Trading floors have calmed down since the wild volatility that greeted the start of February, which was caused by concerns about the impact of higher US interest rates and Treasury bond yields. While New York’s three main […]
TOKYO, Japan (AFP) — Asian stock markets climbed on Friday in thin holiday trade, led by gains in Tokyo, as volatility eased after last week’s rollercoaster ride. Tokyo tracked Wall Street higher as investors gradually regained confidence heading into the weekend and set aside inflation fears that had sparked the market meltdown last week. The benchmark Nikkei 225 index gained 1.19 percent, or 255.27 points, to 21,720.25 while the broader Topix index was up 1.05 […]
HONG KONG, China (AFP) — Equity markets rallied on Tuesday as a semblance of stability returned after last week’s turmoil, with traders taking their lead from strong gains in New York and Europe. However, while Tokyo, Hong Kong and Shanghai led a strong advance across the region, investors remain nervous ahead of the release of key US inflation data on Wednesday, which many fear could spark another round of blood-letting. Global markets have been sent […]
HONG KONG, China (AFP) — Asian markets mostly rose on Monday as investors cautiously edged back into buying after last week’s global rout, with confidence lifted by a rally on Wall Street but analysts warned of further volatility. After a stellar 2017 and a January that saw record and multi-year highs around the world, traders are scurrying to the hills this month as a strong economic outlook — particularly in the US — healthy corporate […]
