atf1

Investors tiptoe back but jittery about US stimulus

Hong Kong: Risk assets were on the defensive after a spike in infections in some of the biggest European countries stoked economic worries and amid fading hopes of a stimulus in the world’s biggest economy. “As Covid-19’s third wave is beginning to take hold of…

Resurgent virus spooks investors

Hong Kong: Financial markets remain subdued as the resurgent pandemic snuffed out optimism about a quick recovery with infections soaring in the United Kingdom, Belgium and Italy. Investors are also awaiting comments from Federal Reserve Chair Jerome Powell and Secretary of the Treasury Steven Mnuchin…

Airline, banking stocks weigh on markets

Hong Kong: Financial markets remained subdued for another day as investors worried about a possible investigation into a $2 trillion scandal that could ensnare some of the biggest global banks. Concerns about the reintroduction of restrictions in some countries also hammered airline stocks as the…

Markets positive before China data; oil up on OPEC crackdown

Hong Kong: Asian markets advanced on Friday, finishing with broad gains lead by Chinese stocks as investors expect the streak of upbeat economic data to translate into better corporate performance. Investors are however watching US-China tensions after a report that tech giant Tencent is under…

Investors offload risk after Fed gets real

Hong Kong: Financial markets in Asia retreated on Thursday over disappointment that the US central bank did not expand its asset purchase programme, although it did reiterate its ‘lower for longer’ message. The Bank of Japan’s decision to keep rates unchanged was expected by the…

Markets hope Fed will signal lower for longer

Hong Kong: Investor sentiment was lifted by vaccine hopes following US President Donald Trump’s comments, but financial markets remained watchful ahead of the US Federal Reserve monetary policy statement. While rates are expected to stay unchanged, eyes are on the “dot plot” – how they…

China economic recovery inspires rally

Hong Kong: Global risk sentiment improved after data from the world’s second largest economy showed China’s economic growth in August accelerated with gains in output, retail sales, and investment. “We believe China’s post-COVID monetary policy easing cycle has ended amid a sustained economic recovery and…

China data lifts the region

Hong Kong: Chinese stocks led the region on Tuesday with a rally after data from the National Bureau of Statistics showed economic growth in August accelerated with gains in output, retail sales, and investment. Japanese stocks underperformed, still reeling from a Tankan survey which showed …

This week: Fed, BoJ meetings, TikTok deadline

Economic events Financial markets this week could start on a watchful note on elevated political tensions as United States and China criticised each other’s policies. Officials in Beijing said they were opposed to a forced sale of TikTok’s US operations ahead of its September 15…

Economic hopes lift market mood but politics swirl

Hong Kong: Growing economic confidence lifted Asian markets from the day’s lows with most bourses finishing in positive territory on Friday although investors remain cautious because of US-China tensions. China reported its total social financing picked up momentum in August, faster than market expectations and…

Mood cautious despite market rebound

Hong Kong: Investors are watchful despite the rebound in Asian markets driven by the region’s economic recovery from the pandemic. The sentiment is cautious after Wall Street’s sell-off overnight with geopolitical tensions lingering and amid fading hopes of another round of fiscal stimulus for the…

Investors await ECB, US stimulus bill

Hong Kong: Markets recovered from lows triggered by the tech sell-off with investors now watching the US’ stimulus progress and the ECB rate decision later in the day. A Republican bill for the next coronavirus aid package is expected to be worth around $300 billion…

Markets rebound but tensions brewing

Hong Kong: Investors have tiptoed back into markets following the recent tech carnage, but gains are capped as geopolitical risk remains elevated and the return of social distancing measures in Jakarta have served as a reminder about the lingering capacity of the pandemic to flare…

Markets roiled by tech sell-off

Hong Kong: Asian markets were hammered as investors dumped risk assets after a bruising session overnight at Wall Street. The prospects of an early vaccine in the market became uncertain after an AstraZeneca Covid-19 vaccine study was put on hold due to suspected adverse reaction…

Markets slide after Wall St tech rout

(ATF) Asian markets were hammered as investors dumped risk assets after a bruising session overnight at Wall Street. The prospects of an early vaccine in the market became uncertain after an AstraZeneca Covid-19 vaccine study was put on hold due to suspected adverse reaction in…

Asian markets rebound on economy hopes

Hong Kong: Asian markets looked past the US-China tensions as economic recovery prospects lifted sentiment, but the tech sector woes continue to keep investors cautious. Japan’s Nikkei benchmark rose 0.80%, China’s CSI 300 index advanced 0.54% and Hong Kong’s Hang Seng index edged up 0.14%,…

Trump’s decoupling comments spook markets

Hong Kong: Investors remain edgy after US President Donald Trump floated the idea of decoupling from China, which added to the woes of the tech-led declines of recent sessions. “We lose billions of dollars and if we didn’t do business with them we wouldn’t lose…

Fall of rally leading tech stocks slams sentiment

Hong Kong: Asian markets were slammed by weakness in the tech sector, which has been leading the recent rally, as investors remain worried about the impact of geopolitical tensions between the world’s two biggest economies on the sector. Reuters News is reporting that the White…

Positive data eclipsed by US-China politics

Hong Kong: Investors turned cautious as signs of more tensions emerged between the world’s two largest economies after the United States announced tighter limits for Chinese officials in retaliation for ‘excessive’ controls on American officials in China. China is also fast-tracking the development of its…

Asia trends higher on Wall St gains, China data

Hong Kong: Asian markets are trending higher this morning on the back of a solid Wall Street performance overnight and China’s strong economic data this morning has also lifted the mood. The Caixin China General Services Business Activity Index came in at 54.0 in August,…

US stimulus hopes spurs risk appetite

Hong Kong: Asian markets bounced back on hopes that additional US stimulus measures would come through to claw back earlier losses triggered by US President Donald Trump’s threat to shut down TikTok. US Treasury Secretary Steven Mnuchin told a Senate coronavirus subcommittee that unemployed Americans…

US-China tensions resurface, Australia outperforms

Hong Kong: US President Donald Trump’s threat to shut down TikTok reminded investors about the tensions between the world’s two biggest economies and kept markets on the edge on Wednesday. But Australia outperformed the region as its first recession in 29 years stoked hopes of…

Dollar slide makes gold shine

Hong Kong: Risk assets are getting a lift from China’s strong manufacturing data after downbeat Japanese data and a cool Australian central bank dampened the mood initially. Australian stocks under-performed after the central bank’s silence on additional stimulus and the US dollar fell to a…

China data steadies market

China’s strong manufacturing data lifted Asian markets after a muted start on the back of downbeat Japanese data and a weak session on Wall Street. Australian stocks under-performed, with the broad market weighed down by the central bank’s silence on additional stimulus. The Reserve Bank…

China bank NPLs alarm, Buffett buys spurs Nikkei

Hong Kong: Investors turned cautious after China’s biggest banks said they are setting aside more funds to provide for future losses due to the impact of the coronavirus pandemic. Chinese banks’ non-performing loans ratio is already running at the highest since 2009 and they have…

Investors pile into risk assets after Fed review

(ATF) Hong Kong: Investors got a boost from the US Federal Reserve’s framework review that assured markets that interest rates would stay lower for longer, giving a lift to risk assets such as emerging markets stocks and bonds. But Japanese investors received a jolt from…

Risk asset rally assured after Fed review

Hong Kong: Asian markets rose on Friday after the US Federal Reserve’s framework review convinced investors rates would stay lower for longer and that would be supportive of risk assets such as emerging markets stocks and bonds. Overnight, the US central bank switched its focus…

Australian and Chinese markets boosted by data

Hong Kong: Asian market sentiment is upbeat after the overnight rally on Wall Street but gains are capped as investors monitor the Jackson Hole Economic Symposium. This is a forum for central bankers, policymakers, academics and economists from around the world that is being held…

Investors pause ahead of Jackson Hole meet

Hong Kong: Asian markets paused ahead of the Fed’s Jackson Hole Economic Policy Symposium, which kicks off on Thursday, as investors hold off taking any directional bets. As investors await any hints over the direction of monetary policy, there are expectations the US central bank…

This week: Fed’s framework review; trade, IP and retail data

Economic events Financial markets are seen opening on a firm note after the Nasdaq and S&P 500 hit record highs on Friday following strong data and gold prices struggled to gain traction as investors loaded up on risk. A lot of attention will be paid…

Add to Collection

No Collections

Here you'll find all collections you've created before.

Scroll to Top