Investors de-risk portfolios ahead of US vote

Investors de-risk portfolios ahead of US vote

(ATF) Hong Kong: Asian markets sold off on Friday as investors sought to reduce 'risky' stocks in their portfolios ahead of the US Presidential election early next week and as European nations grappled with a renewed coronavirus outbreak. The global coronavirus infection count hit a new peak of over half …

Continue reading

Fresh lockdown fears rattle markets

Fresh lockdown fears rattle markets

(ATF) Hong Kong: Financial markets extended losses on Thursday as the spectre of rising virus cases in developed economies spooked investors. France and Germany are bracing for fresh lockdown restrictions while Britain is struggling to avoid a second national lockdown. “Market sentiment is turning, with investors buffeted by US election …

Continue reading

Asian markets mixed amid US election uncertainty, Covid resurgence

Asian markets mixed amid US election uncertainty, Covid resurgence

(ATF) Shares in Asia were mixed on Wednesday after surging coronavirus infections in Europe and the United States created fears of a return to lockdowns, which could damage the fragile global economic recovery. In Asia, which has endured less severe Covid-19 outbreaks since the initial crisis in Wuhan, stocks showed …

Continue reading

Markets spooked by infection count; HSBC shines

Markets spooked by infection count; HSBC shines

(ATF) Hong Kong: Asian markets have turned defensive as the Covid pandemic resumed its destructive spread across the globe. While China appears to have made a quick recovery and is forecast to be the only major economy to post growth in 2020, analysts are predicting that any positive impact on …

Continue reading

China bonds rally as foreigners pile in

China bonds rally as foreigners pile in

(ATF) Hong Kong: Financial markets were in retreat amid a surge in coronavirus cases in the United States, France and Spain while investors were also watchful of a top-level meeting in China which will determine the direction of the world’s second largest economy over the next five years. “Rising Covid …

Continue reading

Investors turn watchful ahead of US elections

Investors turn watchful ahead of US elections

(ATF) Hong Kong: Investors are tentatively pricing in a Democrat win at the US elections, while expecting a generous US stimulus package early next year. As the presidential campaign heats up, financial markets are cautious about extending positions moving in a narrow range. Japan’s Nikkei 225 index edged up 0.18% …

Continue reading

Fading hopes of US stimulus roils markets

Fading hopes of US stimulus roils markets

(ATF) Hong Kong: Further delays in the US economic stimulus pressured financial markets and investors are now pushing back their expectations of an agreement on the package till after the November 3 elections. Meanwhile, the pandemic’s rapid spread in the US and Europe continues to trigger concern about the economic …

Continue reading