Saturday, 8 Aug 2020

Hong Kong

Hong Kong slams ‘shameless’ U.S. sanctions on leader Carrie Lam

HONG KONG — The Chinese and Hong Kong governments strongly criticized Washington Saturday after the United States imposed sanctions on the territory’s leader Carrie Lam, and other officials, dismissing the move as “clowning actions” that would not intimidate Chinese people. Hong Kong’s government said the sanctions were “shameless and despicable” and represented a “blatant and […]

World shares falter after Trump takes aim at China tech firms

TOKYO (Reuters) – World stock markets tumbled on Friday after U.S. President Donald Trump ratcheted up already-heightened tensions with Beijing by banning U.S. transactions with two popular Chinese apps, Tencent’s WeChat and ByteDance’s Tiktok. European stocks looked set to recede as well, with Euro Stoxx 50 futures .STXEc1 falling 0.3%. S&P500 futures ESc1 slid 0.5%. […]

World shares tumble after Trump takes aim at China tech firms

TOKYO (Reuters) – World stock markets tumbled on Friday after U.S. President Donald Trump ratcheted up already-heightened tensions with Beijing by banning U.S. transactions with two popular Chinese apps, Tencent’s WeChat and ByteDance’s Tiktok. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS lost 1.4% and Hong Kong’s Hang Seng .HSI fell 2.4%. Tencent (0700.HK), […]

Stocks stall and dollar squeezed as investors wait for stimulus

SINGAPORE (Reuters) – U.S.-China tension and sobering economic data knocked momentum out of Asia’s stock markets on Thursday, though the hope of stimulus staved off falls and kept pressure on the dollar as investors wait for Congress to agree on a new spending package. MSCI’s broadest index of Asia-Pacific shares outside Japan hit an early-session […]

Stocks stall and dollar squeezed as investors wait for stimulus

SINGAPORE (Reuters) – U.S.-China tension and sobering economic data knocked momentum out of Asia’s stock markets on Thursday, though the hope of stimulus staved off falls and kept pressure on the dollar as investors wait for Congress to agree on a new spending package. MSCI’s broadest index of Asia-Pacific shares outside Japan hit an early-session […]

Summer mood swings: markets turn higher on hopes of virus aid

LONDON (Reuters) – World stocks and the dollar rallied after a cautious European morning as thin summer trading led to sharp swings in the market, and worries about U.S. gridlock over the next round of coronavirus aid eased. In Europe, stocks were up 1.2% as technology stocks rallied on positive read-across from peers on the […]

Investors cautious as U.S. lawmakers wrangle over virus aid

LONDON (Reuters) – World stocks began August cautiously as U.S. lawmakers struggled to agree on the next round of coronavirus aid, though a squeeze on crowded short positions left the dollar clinging to a tentative bounce. In Europe, stocks were up 0.7% as technology stocks rallied on positive read-across from peers on the other side […]

Asia stocks cautiously mixed, dollar tries to bounce

SYDNEY (Reuters) – Asian share markets turned mixed on Monday as U.S. lawmakers struggled to hammer out a new stimulus plan amid a global surge of new coronavirus cases, though a squeeze on crowded short positions gave the dollar a rare bounce. Sentiment was helped by a survey showing China’s factory activity expanded at the […]

Twelve HK opposition candidates barred from city legislature vote

HONG KONG (Reuters) – Hong Kong’s government said on Thursday that 12 opposition candidates in an upcoming election for seats in the city’s legislature have been disqualified and that more could face a similar decision in the near term. The government said advocating self-determination, soliciting intervention by foreign governments, or “expressing an objection in principle” […]

Dollar teeters, gold takes a breather as markets await Fed

SINGAPORE/NEW YORK (Reuters) – The U.S. dollar hovered just above a two-year low on Wednesday, while stocks struggled, as growing worries about the U.S. economy had investors cautious and looking to Congress and the Federal Reserve for a boost. The Fed is expected to strike a dovish stance at its policy review later in the […]