Stocks fall as lockdown concerns outweigh stimulus cheer 

Stocks fall as lockdown concerns outweigh stimulus cheer 

(ATF) Hong Kong: Asian markets ended the week on a jittery note as restrictions to curb escalating coronavirus cases dented optimism over earnings and the mammoth US stimulus programme. The outlook was also damped by President Joe Biden’s warning that Covid cases "are going to continue to mount” in the …

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Fiscal spending optimism sustains rally 

Fiscal spending optimism sustains rally 

(ATF) Hong Kong: Asian markets extended gains on confidence the new Biden administration’s fiscal spending would lift incomes and boost corporate earnings. Japan’s Nikkei 225 index advanced 0.82%, Australia’s S&P ASX 200 added 0.79%, China’s CSI300 jumped 1.62% but Hong Kong’s Hang Seng index inched down 0.12% as tech heavyweights …

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Biden trade gives market rally legs 

Biden trade gives market rally legs 

(ATF) Hong Kong: Asian markets extended their gains ahead of President elect Joe Biden’s inauguration after Janet Yellen, his nominee for Treasury Secretary, urged lawmakers to “act big” on coronavirus relief spending. "Economists don't always agree, but I think there is a consensus now: without further action, we risk a …

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Markets rally before Yellen speech 

Markets rally before Yellen speech

(ATF) Hong Kong: Financial markets rallied on the eve of US President-elect Joe Biden’s inauguration as investors eyed a solid $1.9 trillion fiscal stimulus seen confirmed by Janet Yellen's Treasury Secretary confirmation speech later in the day. “History teaches us that we can expect the markets to react favourably to …

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GDP surprise stokes China markets

GDP surprise stokes China markets

(ATF) Hong Kong: Japanese and Australian markets were crimped by coronavirus concerns as investors braced for more economic restrictions but Chinese markets outperformed after the economy’s surprise fourth-quarter expansion. Australian Department of Health Secretary Brendan Murphy said the country is unlikely to fully open its borders this year even if …

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Markets pause as lockdown fears take hold

Markets pause as lockdown fears take hold

(ATF) Hong Kong: Asian markets ended the week on a jittery note as the US stimulus stoked rally lost steam and the spike in infections stoked worries around another round of lockdowns and a setback to the economic recovery. Authorities in China, UK and Germany are considering tightening lockdown restrictions …

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Biden's fiscal bonanza fuels rally

Biden's fiscal bonanza fuels rally

(ATF) Hong Kong: Asian markets surged after a report suggested President-elect Joe Biden is considering a Covid-19 relief plan of about $2 trillion with the expected opening up of economies also giving tailwind to the rally. Japan’s Nikkei 225 index jumped 0.85%, Australia’s S&P ASX 200 added 0.43%, Hong Kong’s …

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