Vaccine hopes lift markets from stimulus linked lows

Vaccine hopes lift markets from stimulus linked lows

(ATF) Hong Kong: Investors looked past the deadlocked US debate on stimulus measures as markets focused on vaccine development as a route to helping economies rebound and growth to resume. Russia claims it has developed the world’s first vaccine offering “sustainable immunity” against the coronavirus. Six other vaccines that are ...

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Gold rally pauses as stocks on a tear

Gold rally pauses as stocks on a tear

(ATF) Hong Kong: Financial markets jumped on Tuesday as US President Donald Trump's plan to cut capital gains tax emboldened risk takers at a time when investors are upbeat about a fresh round of US stimulus. Safe havens were sold, with gold prices falling below the $2,000 mark to trade ...

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Markets watchful as US-China spar

Markets watchful as US-China spar

(ATF) Hong Kong: Investor sentiment was lifted by upbeat data from the world’s two biggest economies although China’s sanctions against 11 Americans in response to a similar move by the United States, served as a reminder about the ongoing tensions between the two. China released a list of 11 Americans ...

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US bans for China apps, jobs data jitters hurt markets

US bans for China apps, jobs data jitters hurt markets

(ATF) Hong Kong: Financial markets are risk-off after a broadside by the United States against China Inc sparked concerns this could renew hostilities between the world’s two largest economies. US President Donald Trump issued an executive order taking action against “the spread in the United States of mobile applications developed ...

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Market braces for more US-China tensions

Market braces for more US-China tensions

(ATF) Hong Kong: Investors scrambled for safety amid uncertainties related to the US pandemic relief bill and growing US-China tensions after US Secretary of State Mike Pompeo warned that his government wanted untrusted Chinese apps removed from US app stores. “With parent companies based in China, apps like TikTok, WeChat, ...

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Goldbugs emboldened as uncertainties loom

Goldbugs emboldened as uncertainties loom

(ATF) Hong Kong: Financial markets are subdued monitoring progress in the US stimulus package proposal and trade negotiations between the world’s two biggest economies. Investors have turned risk averse giving a boost to safe havens gold and US Treasuries. Gold hit an all time high of $2,039 per ounce and ...

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US-China tensions keep investors on edge

US-China tensions keep investors on edge

Hong Kong: Asian markets rose on economic optimism but gains were capped amid rising US-China tensions and uncertainty over a further round of US stimulus, which also kept investors guessing. “Activity has started to normalise in both Europe and North Asia, albeit with localised lockdowns to contain virus clusters,” said ...

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