Risk rally capped by infection resurgence

Risk rally capped by infection resurgence

(ATF) Hong Kong: Financial markets are off highs struck after strong data from the world's two biggest economies amid worries that a resurgence in coronavirus infections could stymie the economic rebound. “The continued rise in new cases has raised the risk that economies could re-enter into lockdown to curb the ...

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Sentiment gets a lift from vaccine, green shoots

Sentiment gets a lift from vaccine, green shoots

(ATF) Hong Kong: Financial markets received a boost from data that showed the world economy is on the mend with investor confidence gaining traction. This added legs to a market already lifted by trial results indicating a coronavirus vaccine could be made available to the public within this year. Overnight, ...

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China factory rebound boosts markets

China factory rebound boosts markets

(ATF) Hong Kong: Asian financial markets were broadly higher on Wednesday after a rebound in China’s factory activity boosted sentiment, but Japanese stocks underperformed the region as data showed confidence among large manufacturers has fallen to its lowest since 2009. China’s manufacturers signalled increased production for the fourth month running ...

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Data from Asia's two biggest economies boosts markets

Data from Asia's two biggest economies boosts markets

(ATF) HONG KONG: Risk sentiment improved on the back of China’s factory data, which showed the economic recovery was on track, although the momentum was seen losing steam in coming months. But investors remain cautious about the bumpy ride ahead for recovery in the world’s second-largest economy. “China's growth recovery ...

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Investors confident economies will stay open despite Covid spike

Investors confident economies will stay open despite Covid spike

(ATF) Hong Kong: Financial markets extended gains on Friday amid growing expectation that countries will not necessarily reimpose lockdowns even if they endure a spike in coronavirus infections. Chris Turner ING’s Global Head of Markets said in a podcast: “There is a lot of pressure for the buyside to perform. ...

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Investors spooked by downbeat IMF forecast

Investors spooked by downbeat IMF forecast

(ATF) Hong Kong: Financial markets were on the backfoot on Thursday amid a continued rise in coronavirus cases and a downgrade in global GDP growth by the International Monetary Fund (IMF), sending investors scrambling for safe havens. The IMF’s World Economic Outlook projected a global contraction of 4.9% this year ...

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Gold, Xiaomi shine in risk-off market ahead of IMF forecast

Gold, Xiaomi shine in risk-off market ahead of IMF forecast

Hong Kong: (ATF) Financial markets took a step back on Wednesday after a spike in coronavirus cases in several countries and amid worries investors had been too optimistic in predicting the momentum of the recovery. “The markets were too fast in pricing the end of the lockdown and the recovery ...

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