Most Asia markets down after New Year rally but Hong Kong runs on

The rally across Asia that welcomed in 2018 looked to have run out of steam on Wednesday with most markets slipping into the red on profit-taking but energy shares climbed with another surge in oil prices. Strong economic fundamentals and corporate earnings as well as optimism about the impact of Donald Trump’s massive US tax cuts… Please follow and like us:

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Inflows Into Nearly Every Asset Class In 2017 – 2018 Warm Up Act?

Although the overarching story of global markets in 2017 was subdued volatility, overall there were net inflows almost entirely across the board – with global equity mutual funds/ETFs (US$281bn), bond funds (US$346bn), global money markets (US$145bn) and commodities (US$8.6bn) recording increases. Investors poured record net inflows of over $620bn into global equity mutual funds/ETFs and bond… Please follow and like us:

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London investors may get access to Chinese bonds

Investors in London may get an opportunity to buy Chinese bonds on the Shanghai Stock Exchange, if a feasibility study proves positive. Sherry Madera, the City of London’s special representative for Asia, told journalists in the British capital on Tuesday that the feasibility study into the Shanghai-London connect will start soon. It could be the first… Please follow and like us:

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Dollar suffers further losses as Fed fails to inspire

The dollar suffered fresh losses on Thursday as Asian investors followed their New York counterparts in shifting out of the unit, unmoved by another interest rate hike and an upbeat assessment of the world’s top economy. The greenback sank after the much-anticipated central bank meeting, which provided little to excite buyers, despite tentative hopes US lawmakers… Please follow and like us:

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ETF Assets Predicted to Surge 73% by 2020: EY Global Report

Exchange-traded-fund assets are expected to reach $7.6 trillion by the end of 2020, up from an estimated $4.4 trillion at the end of September, according to a new report by EY, a consultancy firm. Several factors favor ETFs’ fast global expansion, the report said. These include the shift to passive investing, low yields, regulatory efforts around… Please follow and like us:

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Commentary: Time for China, Japan to Join ‘Developed’ Nations at WTO

By Robert Romano China ($11.2 trillion) and Japan ($4.9 trillion) combined make up 21 percent of the world’s Gross Domestic Product, according to the World Bank, having benefited from preferential treatment in global trade deals, and are still being treated as “developing” nations under world trade rules. At institutions such as the World Trade Organization (WTO),… Please follow and like us:

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Crude Oil Suffers Setback As More Traders Opt for U.S. Blend

Nigeria’s crude oil is under serious pressure at the international market, as Asian refiners have increasingly been moving away from their usual favourite, frequently opting for United State (U.S) crude oil, the Organisation of the Petroleum Exporting Countries (OPEC) has said. Besides, Nigeria’s crude oil production declined by 54,200 barrels per day (bpd) from the 1.792bpd… Please follow and like us:

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Asia stocks down as plunging oil prices hammer energy firms

Asian energy firms extended a global sell-off Wednesday, dragging regional equity markets, as oil prices continued to tumble on the back of warnings of slowing demand and rising stockpiles. Both main contracts were down more than one percent as investors were spooked after the International Energy Agency (IEA) cut its forecast for crude consumption, saying recovering… Please follow and like us:

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Trump ‘Very Proud’ of Trip to Asia, Says Progress Made on Security, Trade

U.S. President Donald Trump said Tuesday he is “very proud” of his five-nation, 12-day trip to Asia, asserting lots of progress was made on issues such as security and trade. In remarks delivered behind closed doors Tuesday at the East Asia Summit in Manila, Trump reiterated that North Korea remains a major global military threat. “North… Please follow and like us:

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Trump’s Asia trip shows U.S. at risk of being sidelined in the region’s economic future

WASHINGTON — For all of President Donald Trump’s efforts to build personal relations with leaders and to reassure allies during his first Asia trip, the most significant thing that has happened may have been what did not happen. From Tokyo to Seoul to Beijing, Trump has received maximum ceremonial honors — a “state visit-plus,” the Chinese… Please follow and like us:

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After days of being flattered, Trump bestows compliments, calls China’s leader ‘a very special man’

BEIJING — After days of basking in the flattery of other world leaders, President Donald Trump dished out some of his own Thursday, bestowing kind words and gestures on an unlikely counterpart, China’s Xi Jinping, a communist leader who just tightened his grip on power in a country Trump accused during the campaign of “raping” U.S.… Please follow and like us:

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Korea’s economy to deal with ‘gray rhino’

Calls are growing that Korea should prepare itself against a drop in its potential economic growth rate, with a warning that a “gray rhino” could be haunting Asia’s No. 4 economy. Lee Keun, the director of the Center for Economic Catch-up, said Monday Korea is facing a slowing potential growth rate due to such problems as… Please follow and like us:

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N. Korea, Trade High on Trump’s Agenda on First Visit to China

When U.S. President Donald Trump makes his first visit to China next week, a key stop on a lengthy trip to the Asian region, trade and North Korea are expected to top his agenda. Chinese officials have voiced confidence the trip could bring some significant outcomes, but analysts say that may depend largely on Trump’s approach.… Please follow and like us:

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HSBC Q3 profits up five-fold to $4.6 bn on booming Asia

Profits at banking giant HSBC leapt five fold in the third quarter to $4.6 billion, the company said Monday, as business booms in Asia and a huge restructuring drive bears fruit. The massive jump in pre-tax profits came weeks after a new chief executive was unveiled as part of a management overhaul that has seen the… Please follow and like us:

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(European Open) – FTSE suffers on sterling rebound; Japanese benchmarks at multi-year highs

FTSE suffers In Asia, the Nikkei 225 added 1.0% to close this week’s trading at its highest since 1996 with the Topix, Japan’s broader equity gauge, gaining 0.5% to finish the week at its highest since 2007. Hong Kong’s Hang Seng rose by 0.1% and the Shanghai Composite advanced by 0.2%. Australia’s S&P/ASX 200 added 0.3%… Please follow and like us:

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