Asian Shares Mostly Higher As Rate Worries Ease

Asian stocks ended mostly higher on Monday as weaker than expected U.S. job growth in April eased concerns over the prospect of higher interest rates. Chinese shares eked out modest gains, with healthcare firms climbing after European Union leaders cranked up their criticism of the United States’ call to waive COVID-19 vaccine patents. The benchmark […]

Asian Shares Rise In Thin Holiday Trading

Asian stocks rose broadly on Tuesday despite lingering concerns about the spike in coronavirus cases in the region. China was closed for Labor Day, while the Japanese markets were closed for Greenery Day. Hong Kong’s Hang Seng Index climbed 199.60 points, or 0.7 percent, to 28,557.14. Ending a long and severe recession, Hong Kong’s economy […]

Asian Shares Fall On Growth Worries

Asian stocks ended flat to slightly lower on Tuesday as climbing Covid-19 cases in emerging economies including India and Brazil dented hopes for a swift global economic recovery. Traders also awaited the Federal Reserve’s monetary policy announcement and Chairman Jerome Powell’s comments on the economy for directional cues. Chinese shares ended little changed even as […]

Asian Shares Rise On U.S. Stimulus Cheer

Asian stocks ended broadly higher on Thursday after the U.S. House of Representatives gave final approval to one of the largest economic stimulus measures in American history. The landmark $1.9 trillion coronavirus relief package was passed by the House and will be signed by President Joe Biden this week, bringing the total spent on Covid […]

Asian Shares Retreat On Liquidity Worries

Asian stocks fell on Thursday as investors booked profits after recent strong gains on earnings optimism and firm signs of an economic recovery. A spike in short-term interest rates raised worries that Chinese policymakers may be starting to shift to a tighter stance to rein in share prices and property markets. Chinese shares drifted lower […]

Asian Shares Rise Ahead Of Yellen Testimony

Asian stocks ended broadly higher on Tuesday as optimism about vaccine rollouts and government stimulus offset concerns over the worldwide spread of the coronavirus. Investors looked to comments from U.S. Treasury Secretary nominee Janet Yellen on U.S. stimulus at the Senate confirmation hearing later today, with her prepared remarks calling on the federal government to […]

Asian Shares Mixed As U.S.-China Tensions Rise

Asian stocks ended mixed on Wednesday amid rising U.S.-China tensions and ahead of the results of two key Senate runoffs in Georgia that will determine how much U.S. President-elect Joe Biden can push through Democrats’ agenda. The Trump administration has signed an executive order banning transactions with eight Chinese apps, saying they are a threat […]

Asian Shares Mostly Higher On Hopes For Vaccine

Asian stocks ended mostly higher on Wednesday as hopes of a successful coronavirus vaccine and receding U.S. political uncertainty helped offset worries about a surge in coronavirus cases worldwide. Chinese shares ended lower after reports the government is seeking to curb the power of internet giants. The benchmark Shanghai CompositeIindex dropped 17.95 points, or 0.5 […]

Asian Shares Mostly Higher After Chinese Data

Asian stocks ended mostly higher on Tuesday as investors remained hopeful that the United States would soon pass a coronavirus relief package. Traders also digested upbeat trade data from China and news that Johnson & Johnson’s Covid-19 vaccine study has been paused due to an unexplained illness in a participant. Chinese shares recovered from an […]

Asian Shares Advance On Renewed US Stimulus Hopes

Asian stocks advanced on Thursday amid renewed optimism about more U.S. fiscal stimulus after U.S. President Donald Trump tweeted that he would support relief measures for airlines and small businesses. Optimistic signals by U.S. House speaker Nancy Pelosi over an airline-relief bill, rising chances of a Democratic victory during the November elections and expectations that […]