Asian markets pull back after Fed’s cautious outlook

2020-06-10

Asian markets mostly fell in early trading Thursday, following losses on Wall Street after Fed Chairman Jerome Powell said the economic recovery will be “a long road.” Japan’s Nikkei 225 NIK, -1.43% dropped 1% while Hong Kong’s Hang Seng Index HSI, -0.76% slipped 0.5%. The Shanghai Composite SHCOMP, +0.23% wasRead More →

Asian markets mixed after China cuts loan prime rate

2020-02-19

Asian markets were mixed in early trading Thursday after China’s central bank cut its loan prime rate, as expected. The People’s Bank of China cut its benchmark one-year loan prime rate by 10 basis points, and the five-year loan prime rate by 5 basis points. That came days after centralRead More →

Asian markets rebound as Mideast tensions ease

2020-01-08

Asian markets rebounded in early trading Thursday following losses the day before after Iran launched a missile attack on U.S. bases in Iraq. Tensions decreased significantly Wednesday amid signs of de-escalation, as President Donald Trump said Iran “appears to be standing down” and announced fresh sanctions rather than immediate militaryRead More →

Asian markets rise amid lull in global tensions

2020-01-06

Asian markets gained in early trading Tuesday as Middle East tensions remained high, but at least didn’t rise any higher. U.S. Defense Secretary Mark Esper on Monday said U.S. troops are not planning on pulling out of Iraq, despite the release of a draft letter than suggested as much, andRead More →

Asian markets advance as more records fall on Wall Street

2019-12-27

Asian markets mostly gained in early trading Friday, after yet more record highs on Wall Street. Japan’s Nikkei NIK, -0.36%   was about flat, while Hong Kong’s Hang Seng Index HSI, +1.21%   gained 1.2%. The Shanghai Composite SHCOMP, -0.08%   advanced 0.7% while the Shenzhen Composite 399106, -0.67%  Read More →

Asian markets flat in quiet Christmas trading

2019-12-24

Asian markets were little changed in light holiday trading Wednesday, with many major global markets closed for Christmas. Japan’s Nikkei NIK, -0.20%   slipped 0.2%, while the Shanghai Composite SHCOMP, -0.28%   was about flat and the smaller-cap Shenzhen Composite 399106, +0.00%   rose 0.4%. Taiwan’s Taiex Y9999, +0.27%  Read More →