Asian markets declined in early trading Wednesday following another sharp selloff on Wall Street as the global spread of the coronavirus outbreak continued to rattle traders. Japan’s Nikkei NIK, -0.79% sank 0.7%, and Hong Kong’s Hang Seng Index HSI, -0.82% dipped 0.5%. The Shanghai Composite SHCOMP, -0.82% Read More →
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 →
Thank China (again) for what looks like another bullish day on Wall Street after Beijing pledged to halve tariffs on $75 billion in U.S. imports, while political uncertainty has eased after the Senate acquitted U.S. President Donald Trump. That is as investors have decided the deadly coronavirus isn’t a reasonRead More →
Markets in mainland China plunged early Monday, on their first day of trading since an extended Lunar New Year holiday that coincided with the rapid spread of the coronavirus outbreak. Global markets have fallen in recent weeks and China had braced itself for steep losses, with the People’s Bank ofRead More →
Asian markets fell in early trading Thursday, after the U.S. Federal Reserve kept interest rates unchanged, and as investors weighed developments in the spreading coronavirus outbreak. Fed chief Jerome Powell said Wednesday that the U.S. economy is in good shape, in announcing that the central bank left unchanged a keyRead More →
Vancouver has emerged as the most affordable North American city for luxurious lifestyle, according to a new report. This is great news for the Sussexes, who have recently announced their desire to move to Canada, which Harry’s grandmother Queen Elizabeth II publicly approved. READ MORE: Why Meghan and Harry wereRead More →
Asian markets were mixed in early trading Tuesday, after the U.S. said China is no longer a currency manipulator ahead of the signing of a “phase one” trade agreement this week. The U.S. Treasury Department stepped back from the decision it made last year, saying in a statement that itRead More →
Asian markets were mixed in subdued early trading Monday, ahead of the signing of a “phase one” trade deal between the U.S. and China later this week. The world’s two largest economic powers are scheduled to sign the phase-one deal Wednesday in Washington, with China reportedly agreeing to buy moreRead More →
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 →
Asia-Pacific markets fell in light trading on Tuesday, with some major indexes closed for the New Year’s holiday and others closing early. The Shanghai Composite SHCOMP, -0.16% slipped 0.1% while the Shenzhen Composite 399106, +0.11% rose 0.2% after data showed China’s factory activity continued to expand for a secondRead More →
Asian shares were mixed Monday as investors awaited updates on the signing of a trade deal between the U.S. and China and kept a wary eye on North Korea. Tokyo’s Nikkei 225 index NIK, -0.68% fell 0.7%, while Hong Kong’s Hang Seng HSI, +0.49% advanced 0.6%. The ShanghaiRead More →
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 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 →
Asian markets were mixed in quiet trading Tuesday, following another record day on Wall Street. The Dow Jones Industrial Average DJIA, +0.34% and S&P 500 SPX, +0.09% closed at record highs for a third consecutive day, while the Nasdaq Composite COMP, +0.23% notched a record ninth-straight recordRead More →
Asian markets were mixed Monday in quiet trading ahead of Christmas holidays for many markets. Concern over the possibility of a North Korean missile test was leavened by signs of further progress in cooling trade tensions between Washington and Beijing as China announced plans to further open its financial marketsRead More →
Stocks were mixed in early trading in Asia on Friday after Wall Street posted more record highs, extending the market’s gains for the week. Japan’s Nikkei 225 index NIK, +0.04% edged 0.2% lower, while Hong Kong’s Hang Seng Index HSI, +0.37% edged 0.4% higher. The Shanghai Composite SHCOMP,Read More →
Asian shares were mixed Wednesday after record highs on Wall Street amid investor optimism about an interim U.S.-China trade deal announced last week were tempered by fresh worries of a hard Brexit. Japan’s benchmark Nikkei 225 NIK, -0.54% erased earlier gains to inch down 0.4% in morning trading. HongRead More →
Asian shares rose Tuesday following a rally on Wall Street that sent the major indexes to record highs, cheered by surprisingly strong economic reports out of China. Japan’s benchmark Nikkei 225 NIK, +0.48% added 0.5% in early trading. South Korea’s Kospi 180721, +1.01% gained 1.1%. Hong Kong’s HangRead More →
Asian markets were muted in early trading Monday despite Friday’s news that the U.S. and China have agreed on a “phase one” trade deal. U.S. Trade Representative Robert Lighthizer said Sunday that the deal “is totally done, absolutely,” adding that China committed to buy $40 billion of American farm productsRead More →
Asian markets gained in early trading Friday after a senior Chinese official said negotiations for a phase-one trade deal with the U.S. are progressing. Gao Feng, China’s minister of commerce, said Thursday that negotiators are in “close communication” and offered reassurances despite recent tensions. However, he also emphasized that ChinaRead More →
Asian shares were rising Thursday amid renewed hopes a U.S. trade deal with China may be nearing, despite tough recent talk from President Donald Trump. Japan’s benchmark Nikkei 225 NIK, +0.69% gained 0.7% in early trading, while Australia’s S&P/ASX 200 XJO, +1.05% added nearly 1%. South Korea’s KospiRead More →
Asian markets fell in early trading Wednesday after President Donald Trump said a trade deal with China may not come until after the 2020 presidential election. “In some ways, I think it’s better to wait until after the election if you want to know the truth. But I’m not goingRead More →
Asian markets gained in early trading Monday following an unexpected jump in China’s manufacturing activity in November. China’s official manufacturing purchasing managers index came in at 50.2 in November, according to official data over the weekend, the first time it topped 50 since April. Economists polled by the Wall StreetRead More →
Asian markets were mixed in early trading Thursday as China lashed out at the U.S. after President Donald Trump signed two bills supporting Hong Kong’s pro-democracy demonstrators. Trump said Wednesday he signed the bills — which received nearly unanimous support in Congress — knowing there could be repercussions, and thatRead More →
Shares were mostly higher in Asia on Wednesday after a fresh set of record highs on Wall Street, spurred by encouraging signs on trade talks between the U.S. and China. Japan’s Nikkei 225 NIK, +0.41% advanced 0.4% while Australia’s S&P ASX 200 XJO, +0.58% climbed 0.6%. South Korea’sRead More →
