Posts tagged as Asia

Coronavirus: shares in Asia Pacific fall sharply as fears mount

Tuesday, January 21, 2020

Memories of 2003’s Sars outbreak cause jitters on financial markets, with Hong Kong worst hit, as death toll rises to four Shares have fallen across Asia Pacific amid mounting concerns about a new strain of coronavirus in China that has left at least four people dead and spread to at least four countries. With the economic damage done by the devastating 2003 Sars virus still fresh in the mind of…

Pentagon chief tries to keep Asia in focus with second trip

Wednesday, November 13, 2019

Barely four months into his tenure, Defense Secretary Mark Esper is making his second trek across the Pacific. And yet it is the Middle East – most recently a near-war with Iran and an actual war in Syria – that in Washington commands more attention and demands more American troops. Esper’s Asia visits illustrate the central feature of a revamped U.S. defense strategy: Focus first on China as a threat…

Asian shares mixed after S&P 500 hits all-time high

Tuesday, October 29, 2019

Shares were mixed in Asia and Chinese benchmarks fell Tuesday after Hong Kong’s leader warned that months of political protests are taking a harsh toll on the economy. Shares rallied on Wall Street overnight, with the benchmark S&P 500 hitting a record high, at the onset of a week busy with corporate earnings and economic reports. Investors also are anticipating another interest rate cut by the Federal Reserve. Investors have…

Asian shares mixed as investors look ahead to rate decisions

Tuesday, September 10, 2019

Asian shares were mixed Tuesday after a day of listless trading on Wall Street, as investors awaited signs on global interest rates. Japan’s benchmark Nikkei 225 added nearly 0.3% in afternoon trading to 21,379.45. Australia’s S&P/ASX 200 fell 0.7% to 6,599.60, while South Korea’s Kospi edged up 0.5% to 2,030.21. Hong Kong’s Hang Seng was virtually unchanged, inching down less than 0.1% at 26,679.83, while the Shanghai Composite lost 0.3%…

Pompeo says US not asking Asia to take sides

Thursday, August 1, 2019

U.S. Secretary of State Mike Pompeo said Thursday that Washington isn’t asking any Asian nation to take sides as it engages with the region where China is battling for influence and aggressively expanding territorial claims in the South China Sea. Pompeo hailed an Indo-Pacific engagement framework adopted by the leaders of the Association of Southeast Asian Nations in June, saying it supports sovereignty, transparency, good governance and a rules-based order…

Global stocks steady after big Asia falls post US payrolls

Monday, July 8, 2019

Global stock markets recovered their poise Monday after a big sell-off in Asia in the wake of unexpectedly strong U.S. employment data tempered hopes the Federal Reserve will aggressively cut interest rates. Fed leaders have indicated they are ready to cut rates to support economic growth amid signs of a slowdown in the U.S. economy in the wake of the tariff war with China. However, the 224,000 increase in U.S.…