asian equities

 
 

Markets mostly drop on Kim-Trump summit failure

LONDON, Feb 28 — World stock markets mostly sank today as a summit between Donald Trump and Kim Jong-un ended abruptly without an agreement. Asian equities had been fluctuating throughout the day on tempered optimism over China-US trade talks,…


China shares surge as Trump offers tariff respite

SYDNEY, Feb 25 — A surge in Shanghai shares led Asia higher today after US President Donald Trump confirmed he would delay a planned hike in tariffs on Chinese imports as talks between the two sides made "substantial progress." Chinese blue chips…


Asian stocks, currencies boosted by China-US trade deal optimism

HONG KONG: Growing optimism that China and the United States will reach a trade deal lifted most Asian equities today while the positive sentiment also provided support to regional currencies against the safe-bet dollar.

The yuan was among the big gainers following a report that the US has called on China to stabilise the unit as part of any agreement between the world’s top economic powers.

Wall Street returned from a long weekend to provide a healthy lead as US President Donald Trump said trade talks – which resumed in Washington on Tuesday – were “going very well” but were “very complex”.

He also indicated he could put back the March 1 deadline for talks to be concluded – when US tariffs on Chinese goods are due to more than double – saying it is “not a magical date”.

Observers say that while there are no details about the negotiations the fact they are still talking and China appeared responsive to the call for yuan stability was good news.

Hong Kong rose 1% while Shanghai ended up 0.2% and Tokyo closed 0.6% higher. Seoul, Taipei and Manila each climbed more than 1%, Singapore put on 0.4% but Sydney slipped 0.2%.

The upbeat mood on trading floors gave investors confidence to buy higher-risk currencies, pushing the South African rand around 1% higher and Australia’s dollar up 0.7%. The yuan also climbed 0.7%.

The pound held its gains after strong British jobs and wages data, while it was also getting support from hopes that Prime Minister Theresa May could win changes to her Brexit deal with the European Union as she heads to Brussels later in the day.

While EU leaders have said they are not willing to bend on the agreement, analysts say there could be some movement that would help her push it through parliament and avoid a messy divorce that could hammer the British economy.

“The EU is showing some possible concessions about the timing of the exit, as (European Commission chief) Jean-Claude Juncker has said a delay beyond the European parliamentary elections in May would not be opposed, but the UK has to request it, which they have not done,“ said Alfonso Esparza, senior market analyst at OANDA.

In Europe at mid-day today, London’s FTSE 100, Frankfurt’s DAX 30 and Paris’ CAC 40 were all up 0.3% each. – AFP


Asian markets, currencies boosted by trade optimism

HONG KONG: Growing optimism that China and the United States will reach a trade deal lifted most Asian equities Wednesday while the positive sentiment also provided support to regional currencies against the safe-bet dollar.

The yuan was among the big gainers following a report that the US has called on China to stabilise the unit as part of any agreement between the world’s top economic powers.

Wall Street returned from a long weekend to provide a healthy lead as US President Donald Trump said trade talks – which resumed in Washington Tuesday – were “going very well” but are “very complex”.

He also indicated he could put back the March 1 deadline for talks to be concluded – when US tariffs on Chinese goods are due to more than double – saying it is “not a magical date”.

Observers say that while there are no details about the negotiations the fact they are still talking and China appeared responsive to the call for yuan stability was good news.

Hong Kong led gains, rising 1.2% while Shanghai added 0.2% and Tokyo ended the morning session 0.7% higher.

Seoul climbed more than 1%, Singapore put on 0.6%, Taipei added 0.9% and Wellington 0.3%. Manila piled on 1% but Sydney slipped 0.3%.

The upbeat mood on trading floors gave investors confidence to buy higher-risk currencies, pushing the South African rand more than 1% higher and Australia’s dollar up 0.8%. The yuan climbed 0.7%.

Hopes that Prime Minister Theresa May could win changes to her Brexit deal with the European Union as she heads to Brussels Wednesday boosted the pound more than one percent.

While EU leaders have said they are not willing to bend on the agreement, analysts say there could be some movement that would help her push it through parliament and avoid a messy divorce that could hammer the British economy.

“The EU is showing some possible concessions about the timing of the exit, as (European Commission chief) Jean-Claude Juncker has said a delay beyond the European parliamentary elections in May would not be opposed, but the UK has to request it, which they have not done,“ said Alfonso Esparza, senior market analyst at OANDA. — AFP


World stocks lifted to 2 1/2-month highs by trade optimism

LONDON, Feb 18 — Hopes for progress in Sino-US trade talks and expectations of policy stimulus from central banks lifted world stocks to 2 1/2- month highs today, though European gains were held back by concern over the outlook for auto makers….


European stocks mostly drop after rally

LONDON, Feb 18 — Europe's major stock markets mostly slid today, as investors set aside a bright performance in Asia and paused following last week's bumper gains, dealers said. "European stocks have had a stuttering start to the week, with strong…


Pound up after Brexit drop, eyes on Fed and trade talks

HONG KONG, Jan 30 — London stocks rose and the pound rebounded slightly Wednesday after suffering heavy losses on worries about a possible no-deal Brexit, while Asian equities were mixed ahead of crunch trade talks between China and the United…


Asian shares inch up after Apple earnings, CEO comments

TOKYO, Jan 30 — US stock futures and Asian equities eked out modest gains today as investors seized on Apple Inc's earnings and comments from its chief that US-China trade tensions were easing, sending the iPhone maker's shares soaring in…


European stocks open higher before Brexit deal vote

LONDON, Jan 15 — European stock markets climbed at the open today in cautious deals ahead of a crunch Brexit vote. London's benchmark FTSE 100 index of major blue-chip companies advanced 0.6 percent to 6,896.24 points. In the eurozone, Frankfurt's…


A new trading plan in 2019

After the US Federal Reserve raised another 25 basis point in benchmark rate on December 19, the Dow Jones markets went into a selling frenzy and irked US President Donald Trump. Many traders expect the market to continue its selling streak after the long holiday season. Fortunately, the market has just opened in early January […]