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HONG KONG, China (AFP) — Hong Kong stocks climbed to a fresh record on Thursday as investors tracked another milestone on Wall Street but Asia-wide markets struggled to keep up the recent momentum. But while the afternoon saw a slight wobble across the region and some analysts warned of a possible correction, traders remain bullish on equities thanks to a healthy global economic outlook, optimism over the impact of Donald trump’s tax cuts and strong […]
NEW YORK, United States (AFP) — Wall Street shot past a fresh set of a milestones on Wednesday as irrepressible investor appetite returned US stocks to their steady stream of record finishes. Across the Atlantic, however, European equities churned lower as market players took their cue from downbeat sentiment in Asia. Virtual currency bitcoin dived, falling below $10,000 for the first time in six weeks in what one analyst called a “cryptocalypse” as several digital […]
by Ali Bekhtaoui Agence France Presse NEW YORK, United States (AFP) — The bronze sculpture of a bull that stands near the New York Stock Exchange serves as a symbol of Wall Street’s power perhaps this year more than ever. Since President Donald Trump took office a year ago, the principal US stock indexes have gained by leaps and bounds, hitting a record string of records. “I have not seen such enthusiasm on Wall Street […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Thursday after Wall Street fell for the first time in 2018 the previous day, while a strong yen weighed on sentiment. The benchmark Nikkei 225 index fell 0.58 percent or 137.89 points to 23,650.31 in early trade while the broader Topix index opened down 0.49 percent or 9.18 points at 1,882.93. “Investors are cashing in on the recent gains after watching a decline on Wall Street,” […]
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 Roland Jackson and John Biers Agence France Presse NEW YORK, United States (AFP) — Wall Street stocks streaked to fresh records Wednesday, with petroleum-linked shares rallying as oil prices closed at their highest level since December 2014. All three major US indices jumped to new records. In Europe, bourses also rose but gains were tempered as new investment regulations rolled out across the region. US sentiment got a lift from a strong report by […]
by John BIERS Agence France Presse NEW YORK, United States (AFP) — After a banner year for US stocks, that saw the Dow hitting repeated records, Wall Street strategists predicted 2018 would see more moderate gains and increased volatility as markets retreated in the final session of 2017 on Friday. A late sell-off pushed the market into the red amid declines in Apple, Amazon and some other high-flyers, but the decline didn’t put much of […]
HONG KONG, China (AFP) — The dollar suffered fresh pressure on Friday as traders cash in the recent gains fueled by Donald Trump’s tax cuts, while Asian equities were on course to end a strong year in tepid fashion. Asia’s biggest markets have enjoyed huge gains over the past year — with Hong Kong up more than a third and Tokyo 20 percent higher — fuelled by expectations that Donald Trump would push through business-friendly […]
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 […]
HONG KONG, China (AFP) — Asian markets edged upward Wednesday in thin holiday trading, with investors shrugging off a negative Wall Street lead as fears over lackluster iPhone demand eased, and commodities rose. Shares in Apple, the biggest US company by market capitalisation, had slumped 2.5 percent Tuesday, mirroring a move by its Asian suppliers, after a report in Taiwan’s Economic Daily warned of weak demand for the iPhone X. But that slide was arrested […]
HONG KONG, China (AFP) — Most Asian markets extended gains Tuesday, taking a lead from fresh records on Wall Street where a long-awaited tax-cut bill is expected to be passed this week. After months of uncertainty, the controversial fiscal reforms are due to be voted on in the next few days. They could be on Donald Trump’s desk before year-end, giving the embattled US president his first major legislative victory. “Equity markets have started […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday, tracking fresh record highs on Wall Street as the yen remained weaker against the dollar. The benchmark Nikkei 225 index rose 0.36 percent, or 81.23 points, to 22,892.31 in early trade, while the broader Topix index was up 0.28 percent, or 5.11 points, at 1,808.84. “Investors continued to buy on the dip as sentiment has been buoyed by fresh highs in New York,” said Toshikazu […]
