Asia markets were mostly down on Monday, with investors cautious ahead of US-China talks in Shanghai this week and amid more civil unrest in Hong Kong. China's top policy body on Hong Kong affairs was set to hold an extremely rare press briefing on Monday afternoon on the crisis engulfing the financial hub. The weekend protests were "factoring quite negatively into the overall risk equation, Innes said, with traders concerned that Washington may speak in support of the demonstrators.
Brexit to keep pound weaker amid growing political, economic uncertainties. Pound plunge prompts bargain hunters to look beyond Brexit fog. Issue price of sovereign gold bonds fixed at Rs 3, per gram.
But money does have a way of making the unsavory more palatable. In some cases, even enjoyable. Singapore and Korea are not far behind.
Apple downgraded its sales projections, citing slowing Chinese growth, hitting technology shares in South Korea and Taiwan. The Japanese yen, seen as a relatively safe asset, strengthened against the dollar, euro and several other Asian and European currencies. Shares fell in Singapore STI,
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Osaka gains in visitor numbers but falls further behind in spending. Can the country welcome 60 million visitors a year without losing its culture -- and its mind? Proximity and budget airline flights favor the nation as neighbors grow richer.
Most Asian markets drifted lower in subdued trade Friday as investors steeled themselves for the release of a crucial US jobs report that could have a major bearing on the size of an expected Federal Reserve interest rate cut. With uncertainty over the China-US trade row put aside for now, this week has been dominated by speculation about the US central bank's plans to address a weakening economic outlook, both at home and globally. The jobs report is a closely watched gauge of the state of the world's biggest economy and a below-forecast reading would ramp up hopes the Fed will announce a basis-point reduction.
Some Chinese manufacturers are dodging U. BEIJING--Activity at China's factories showed signs of recovery in July though it continued to contract, a private gauge indicated, echoing the trend in the government's data. The Caixin China manufacturing purchasing mana The benchmark consumer-price index gained 0.
Hong Kong stocks rallied Monday, leading most Asian markets higher after last week's losses, with investors cheering a decision by the city to suspend plans to push through a controversial extradition law. Investors are also moving cautiously ahead of two huge market-moving events: the Federal Reserve policy meeting this week with its plans for interest rates in focus, and the G20 summit next week where Donald Trump and China's Xi Jinping are due to hold trade talks. Investors returned to buying in Hong Kong after three days of losses that saw the Hang Seng drop more than two percent after protests against the law -- which would have allowed extradition to China -- turned violent Wednesday.
Asia markets were mostly down Monday, with investors cautious ahead of US-China talks in Shanghai this week and amid more civil unrest in Hong Kong. Hong Kong was among the biggest downward movers on Tuesday with the Hang Seng falling more than two percent after a fresh round of violent protests over the weekend, before paring losses to close one percent lower. Pro-democracy demonstrators in the financial hub fought a second consecutive day of running battles with police on Sunday evening in a well-heeled residential district, a day after clashes at a banned rally in a town near the border with mainland China. Real estate shares were among the biggest losers from the political uncertainty, with commercial property developer Swire down three percent and subway operator MTR down 3.