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Asia defies Wall Street weakness but economy, election worries cap gains

09 September, 2020 9:05 am 9:05 am

SINGAPORE/NEW YORK (Reuters) – Asian stocks inched up on Friday, despite Wall Street declines, but struggled to make deeper gains as worries about a faltering economic recovery kept investors to the sidelines or seeking safer harbour in assets such as the Japanese yen. Oil prices held hefty overnight gains after OPEC flagged a crackdown on … Read More

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Tech rout roils Asian shares, oil futures extend slump

09 September, 2020 9:20 am 9:20 am

TOKYO/NEW YORK (Reuters) – Asian shares fell on Wednesday and oil prices hit lows not seen since June after a rout of technology shares sank Wall Street for a third consecutive day and a major drugmaker delayed testing of a coronavirus vaccine. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slid 1.12%. Australian stocks … Read More

Asian stocks edge up after strong China manufacturing survey

09 September, 2020 9:05 am 9:05 am

SYDNEY/NEW YORK (Reuters) – Asian stocks edged higher on Tuesday after strong readings on China’s vast manufacturing sector offset the weak lead from a softer Wall Street session. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2%, to regain some ground it had lost on Monday. The Hang Seng Index in Hong Kong traded … Read More

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Asia shares take a breather, hope for flexible Fed

08 August, 2020 9:00 am 9:00 am

SYDNEY (Reuters) – Asian shares touched two-year peaks on Thursday in the wake of Wall Street’s record run as cheap cash drove up big-cap tech darlings, although Sino-US tensions caused caution to creep in as the session progressed. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS turned flat after earlier reaching its highest since … Read More

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Asian stocks mostly higher as trade, virus treatment hopes lift mood

08 August, 2020 9:44 am 9:44 am

SINGAPORE/HONG KONG (Reuters) – Asia’s stock markets were mostly higher on Tuesday as investors cheered signs of progress in US-China trade negotiations and following a fresh Wall Street rally. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.32% to its highest since early January and sits just a fraction below a two-year high. Japan’s … Read More

Record-breaking stocks take a breather, data weighs on dollar

08 August, 2020 9:00 am 9:00 am

SINGAPORE/NEW YORK (Reuters) – Asia’s stock markets bounced on Friday following Wall Street’s lead, but were set for their softest week in about a month as investors grapple with tepid economic data and lofty valuations after a huge rally that has wiped out coronavirus losses. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose … Read More

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Asian stocks at seven-month highs after Wall Street cracks more records

08 August, 2020 9:00 am 9:00 am

SYDNEY (Reuters) – Asian shares climbed to a seven-month peak on Wednesday tracking the S&P 500, which scaled all-time highs driven by ever expanding policy stimulus aimed at cushioning the blow to economies from the coronavirus pandemic. MSCI’s broadest index of Asia-Pacific shares outside of Japan rose 0.3%, up for a third straight day to … Read More

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Asian stocks set to fall sharply as Wall Street tumbles

06 June, 2020 9:16 am 9:16 am

NEW YORK (Reuters) – Asian equities are set to fall sharply on Friday after Wall Street stocks and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of reopening economies. The three major US stock indexes fell more than 5%, posting their worst day since mid-March, when markets were … Read More

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Asia stocks poised to rise as upbeat earnings trump jobs gloom

05 May, 2020 8:40 am 8:40 am

NEW YORK (Reuters) – Asian stocks were set to track Wall Street gains on Friday, after upbeat corporate earnings took the focus off upcoming data that is expected show the worst US unemployment rate in more than 70 years. Stock futures were up ahead of the Asia market open while Thursday trading saw oil and … Read More

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Apple reports higher sales as China reopens after coronavirus but gives no ...

05 May, 2020 9:00 am 9:00 am

(Reuters) – Apple Inc reported sales and profits that beat Wall Street expectations Thursday, with Chief Executive Officer Tim Cook saying China sales were “headed in the right direction” as that country reopens from the novel coronavirus. But Cook said it was impossible to forecast overall results for the current quarter because of uncertainty created … Read More

Asia stocks set to rise as Wall Street jumps on lockdown easing hopes

04 April, 2020 9:57 am 9:57 am

NEW YORK (Reuters) – Asian stocks were set for gains on Tuesday after a strong Wall Street session as easing lockdown restrictions by some countries and US states buoyed sentiment, despite another decline in oil prices. While some investors believe the worst may soon be over for the world economy, Commonwealth Bank of Australia said … Read More

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Asia rides Wall Street surge as investors place hopes on US stimulus

03 March, 2020 9:00 am 9:00 am

TOKYO (Reuters) – Asian shares extended their rally on Wednesday in the wake of Wall Street’s massive rebound as the US Congress appeared closer to passing a $2 trillion stimulus package to mitigate the economic blow from the coronavirus pandemic. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 1.7% with Australian shares jumping … Read More

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Life upended for Americans as US scrambles to contain coronavirus threat

03 March, 2020 8:15 am 8:15 am

NEW YORK/WASHINGTON (Reuters) – From Disneyland to the US Supreme Court, from Wall Street to Dodgers Stadium, nearly every facet of American life fell into turmoil on Thursday as the coronavirus outbreak caused sweeping closures and economic disruption. As concern grew over a rapid spread of the sometimes-fatal COVID-19 respiratory illness caused by the virus, … Read More

Asian shares try to stabilize as S&P futures bounce

02 February, 2020 9:54 am 9:54 am

SYDNEY (Reuters) – Asian share markets were trying to stabilize on Tuesday after a wave of early selling petered out and Wall Street futures managed a solid bounce, allowing investors to take a break from coronavirus fears. Some dealers cited a Wall Street Journal report on a possible vaccine as helping sentiment, though human tests … Read More

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Facebook warns revenue growth slowing, costs remain high

01 January, 2020 11:39 am 11:39 am

(Reuters) – Facebook Inc said on Wednesday that growth would continue to slow as its business matured and it reported a surge in quarterly expenses, disappointing Wall Street expectations that the costs of improving privacy would level off. The news raised concerns that Facebook’s days of astronomical growth were firmly in the rearview mirror, and … Read More