Markets

The US officially names China a ‘currency manipulator’ in an escalating trade war that has sent shock waves through global markets. This is the fallout so far.

The US Treasury Department has officially called China out for manipulating its currency to give itself “an unfair competitive advantage”. The accusation was in response to China setting its yuan to an 11-year low amid rising US tariffs against its goods. The escalation has spooked global markets, wiping between 2.9% […]
The US officially names China a ‘currency manipulator’ in an escalating trade war that has sent shock waves through global markets. This is the fallout so far.
Markets

Markets are loving the Fed’s ‘patient’ stance on rates — and with Facebook’s blowout quarter it’s a sea of green for stocks

The Federal Reserve held interest rates steady Wednesday, and Fed Chairman Jerome Powell said the US central bank would be patient with hikes. Stock markets quickly moved higher, with the Hang Seng approaching a four-month high. Also Wednesday, Facebook announced fourth-quarter earnings that beat Wall Street expectations. Facebook soared 11% […]
Markets are loving the Fed’s ‘patient’ stance on rates — and with Facebook’s blowout quarter it’s a sea of green for stocks
Markets

Stocks in China are getting hosed

With China at the centre of an escalating trade war that has rattled global markets, all eyes were on the Shanghai stock exchange when markets opened at 12:30pm AEDT. And perhaps not surprisingly, Chinese stocks are getting hammered — as the Shanghai composite index immediately dipped by more than 3%. […]
Stocks in China are getting hosed
Markets

Hong Kong stocks are closing in on a new record high

The Hang Seng index on the Hong Kong stock exchange cleared 28,000 in early trade this morning. The index last closed above 28,000 in May 2015. This morning’s gain follow a 1.2% rise on Friday, after the index was closed for a typhoon on Thursday. Despite the move higher, global […]
Hong Kong stocks are closing in on a new record high
Markets

Hong Kong markets were shut down because of a typhoon

Hong Kong’s stock exchange (HKSE) was closed for morning trade as a severe typhoon hit the island. Authorities yesterday raised the storm warning to its highest level for the first time in five years due to Typhoon Hato. Flights to and from Hong Kong airport were cancelled and the city’s […]
Hong Kong markets were shut down because of a typhoon
Markets

North Korea’s threats are driving down markets across Asia

Stocks across Asia-Pacific markets are lower today amid rising geo-political tensions in the region. It follows a sell-off in overnight markets, as global stocks got the jitters from rising levels of animosity between the US and North Korea. Overnight there was more tough rhetoric from US President Donald Trump, who […]
North Korea’s threats are driving down markets across Asia
Markets

Hong Kong stocks are getting hosed

It’s not been a good start to Lunar New Year for stocks in Hong Kong. Upon the resumption of trade following a five-day break the Hang Seng index has fallen by over 4%, taking it to levels last seen in June 2012. As the chart below reveals, it’s not been […]
Hong Kong stocks are getting hosed