HONG KONG: Asian markets largely rose on Friday (May 2), tracking Wall Street gains, as China said it was considering a United States offer to negotiate steep tariffs. US markets forged higher on Thursday following strong results from tech giants Microsoft and Meta that helped offset lingering economic worries. AppleContinue Reading
Shares fell in Hong Kong and Shanghai, while they were also off in Seoul, Wellington and Jakarta. Tokyo rose thanks to a surge in Sony fuelled by a report that it is considering spinning off its chip unit, raising expectations that such a move would unlock value in the JapaneseContinue Reading
“ECONOMIC BULLYING” The US exported US$144.6 billion in goods to China in 2024, much less than the US$439.7 billion it imported, Commerce Department data shows. Among its exports, key sectors include electrical and electronic equipment and various fuels, alongside oilseed and grains. Beijing’s foreign ministry on Monday condemned what itContinue Reading
On Wednesday, President Donald Trump announced the US was imposing reciprocal tariffs on a small collection of Antarctic islands that are not inhabited by humans, as part of a global trade war aimed at asserting US dominance. The Heard and McDonald Islands, known for their populations of penguins and seabirds,Continue Reading
HONG KONG: Asian markets edged up on Wednesday (Apr 2) as nervous investors brace for Donald Trump’s wave of tariffs later in the day, though speculation about what he has in store is stoking uncertainty on trading floors. Equities have been battered leading up to the United States president’s announcement –Continue Reading
After a run of big losses across markets, equities staged a mild recovery on Tuesday. Tokyo, which has borne the brunt of the pain owing to hefty selling of car giants including Toyota and Honda, edged up along with Hong Kong, Shanghai, Sydney, Seoul, Taipei, Bangkok, Singapore and Wellington. MumbaiContinue Reading
