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Thursday, August 06, 2020

Asian markets

ASIAN MARKETS NEWS

Gold shines on falling dollar, yields; pandemic cost concerns drag on shares

August 05, 2020 10:35 am

Spot gold jumped to a record high of $2,030.72 per ounce on Wednesday as bond yields hit new lows. Prices have soared about 33% this year.

Asia stocks rise as upbeat factory data lifts confidence

August 04, 2020 9:42 am

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9%, while shares in China nudged up 0.1%. Australian stocks gained 2% for the biggest intraday gain since July 21. Tokyo shares also jumped by more than 1%.

Asia stocks cautiously mixed, dollar tries to bounce

August 03, 2020 9:47 am

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2%, though that was from a six-month top. Japan's Nikkei added 2.1% courtesy of a pullback in the yen, while South Korea shares were flat.

Asian stocks falter as global growth fears temper tech boost

July 31, 2020 10:32 am

After rising in early trade, MSCI's broadest index of Asian shares outside Japan turned lower by late morning. It was last down 0.22%.

Asian stocks rise, dollar languishes near two-year lows on Fed

July 30, 2020 10:44 am

The confidence extended in Asia where Japan's Nikkei and South Korea's KOSPI were up 0.3% each, Australia's main index climbed 0.7% and Hong Kong's Hang Seng index rose 0.2%.

Dollar teeters, gold takes a breather as markets await Fed

July 29, 2020 9:51 am

The Fed is expected to strike a dovish stance at its policy review later in the day and perhaps open the door to a higher tolerance for inflation - something dollar bears think could squash real yields and sink the currency even further.

Gold hits record, gets more precious as dollar loses value

July 28, 2020 10:44 am

The precious metal had stormed almost $40 higher at one point to reach $1,980 an ounce, only for a wave of selling to slap it back to $1,947 in wild trade.

Gold hits record high as US-China ties worsen, Asia stocks helped by tech

July 27, 2020 11:06 am

Gold rose 1.0% to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe haven assets, especially those not tied to any specific country.

Asia shares stymied by Sino-US spat, euro stays buoyant

July 24, 2020 10:36 am

Chinese blue chips retreated 2.9% as a result, though were still up 0.5% for the week. MSCI's broadest index of Asia-Pacific shares outside Japan lost 1.3%, trimming its weekly gain to 0.6%.

Asian shares drop as China consulate closure fans Sino-US tensions

July 23, 2020 9:59 am

After ticking higher earlier in the morning session, MSCI's broadest index of Asian shares ex-Japan was last down 0.3%, weighed down by slumping Chinese stocks. The Shanghai benchmark dropped 1.67% following four days of gains.