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 →

Asia-Pacific markets dip on last trading day of the year

2019-12-30

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 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 →

Asian markets quiet after latest Wall Street records

2019-12-23

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 gain after record highs on Wall Street

2019-12-16

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 little changed despite U.S.-China trade deal

2019-12-15

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 inch up ahead of U.S. jobs report

2019-12-06

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 →