Tag: #AsianMarkets
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Asian markets mostly up but held back by stimulus uncertainty
Hong Kong, Oct 23 (AFP/APP):Asian markets mostly rose Friday but gains were limited as US lawmakers struggled to hammer out a fresh economic rescue package, while there was little initial reaction to the last presidential debate before next month’s election. Equities have swung back and forth over the past week as the will-they-won’t-they saga of…
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Most Asia markets rise on hopes for post-election US stimulus
Hong Kong, Oct 8 (AFP/APP):Asian markets mostly rose Thursday as investors tracked a rally on Wall Street, with investors growing increasingly confident Joe Biden and Democrats will win the White House and both houses of Congress, paving the way for a huge new stimulus. Donald Trump’s decision to break off talks for a second rescue…
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Asian markets rally on Trump health, stimulus hope
Hong Kong, Oct 5 (AFP/APP):Asian markets rallied Monday following reports suggesting Donald Trump’s health is improving after he tested positive for the coronavirus last week, with traders also cheered by signs that US lawmakers were edging towards agreement on a new stimulus package. World equities went into reverse Friday after the White House announced the…
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Asian markets rise but trade limited by Tokyo glitch, holidays
Hong Kong, Oct 1 (AFP/APP):Asian markets got the new trading quarter off to a stuttering start Thursday with Tokyo hit by a computer glitch and several others closed for holidays, though there were healthy gains elsewhere in the region on hopes for a fresh US stimulus package. Wall Street provided a strong lead with all…
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Asian markets mostly up as Biden-Trump debate moves into focus
Hong Kong, Sept 29 (AFP/APP):Asian markets mostly rose Tuesday but investors struggled to extend a global rally as they weighed a fresh US stimulus proposal from the Democrats while looking ahead to the first presidential debate later in the day. Bargain-buying and upbeat economic news from China provided support Monday but the ever-present spectre of…
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Oil prices slip as US stimulus vote delayed
Singapore, March 26 (AFP/APP): Oil prices slipped back in Asian trade on Thursday, as a Senate vote on a massive stimulus package to help the coronavirus-ravaged US economy was delayed. US benchmark West Texas Intermediate was down 1.5 percent, changing hands for about $24 a barrel, while international benchmark Brent crude was down 0.4 percent…
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Asia markets rally as Fed unveils ‘game changer’ support measures
Hong Kong, March 24 (AFP/APP): Asian markets and crude prices surged while the dollar sank Tuesday after the Federal Reserve unveiled an unprecedented bond-buying program to support the US economy. While most of the planet goes into lockdown, traders gave a massive thumbs up to the US central bank’s pledge to essentially print cash in…
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Asian markets sink as pandemic deaths soar
Hong Kong, March 23 (AFP/APP): Asian markets were mostly in the red in early trade Monday despite massive economic stimulus efforts worldwide, with investors spooked by the relentless march of the coronavirus pandemic. The negative mood was fuelled by the failure of US lawmakers to agree on a trillion-dollar emergency package to help the reeling…
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Asia markets lifted by huge economic support plans
Hong Kong, March 20 (AFP/APP): Asian equities enjoyed some much-needed gains Friday after another volatile week on global markets as investors took solace in a blockbuster series of government and central bank measures aimed at cushioning the economic blow from the coronavirus. The dollar also eased somewhat after a lengthy rally fuelled by traders cashing…
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Asian markets tumble again after virus sparks Wall St collapse
Hong Kong, March 17 (AFP/APP): Asian markets sank Tuesday as investors struggled to pick themselves off the floor following the previous day’s global bloodbath, which saw Wall Street suffer its worst day in more than three decades as coronavirus sweeps the planet. Despite government and central bank attempts to soothe markets with massive stimulus pledges…