Investors offload risk after Fed gets real

Investors offload risk after Fed gets real

(ATF) Hong Kong: Financial markets in Asia retreated on Thursday over disappointment that the US central bank did not expand its asset purchase programme, although it did reiterate its 'lower for longer' message. The Bank of Japan’s decision to keep rates unchanged was expected by the market but investors sold ...

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Markets hope Fed will signal lower for longer

Markets hope Fed will signal lower for longer

(ATF) Hong Kong: Investor sentiment was lifted by vaccine hopes following US President Donald Trump’s comments, but financial markets remained watchful ahead of the US Federal Reserve monetary policy statement. While rates are expected to stay unchanged, eyes are on the "dot plot" – how they could play out, given ...

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China economic recovery inspires rally

China economic recovery inspires rally

(ATF) Global risk sentiment improved after data from the world’s second largest economy showed China’s economic growth in August accelerated with gains in output, retail sales, and investment. “We believe China’s post-COVID monetary policy easing cycle has ended amid a sustained economic recovery and strong housing sales,” Standard Chartered economists ...

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Resumed vaccine trial sends bourses higher

Resumed vaccine trials send bourse higher

(ATF) Asian stocks closed higher on hopes that a coronavirus vaccine will be found soon after AstraZeneca said over the weekend it had resumed clinical trials of its leading candidate. Japan’s Nikkei 225 climbed before a vote that would see the much-anticipated selection of Yoshida Suga to replace Prime Minister ...

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Economic hopes lift market mood but politics swirl

Economic hopes lift market mood but politics swirl

(ATF) Hong Kong: Growing economic confidence lifted Asian markets from the day’s lows with most bourses finishing in positive territory on Friday although investors remain cautious because of US-China tensions. China reported its total social financing picked up momentum in August, faster than market expectations and driven by soaring local ...

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Investors await ECB, US stimulus bill

Investors await ECB, US stimulus bill

(ATF) Hong Kong: Markets recovered from lows triggered by the tech sell-off with investors now watching the US' stimulus progress and the ECB rate decision later in the day. A Republican bill for the next coronavirus aid package is expected to be worth around $300 billion and will be voted ...

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Markets roiled by tech sell-off

Markets roiled by tech sell-off

(ATF) Hong Kong: Asian markets were hammered as investors dumped risk assets after a bruising session overnight at Wall Street. The prospects of an early vaccine in the market became uncertain after an AstraZeneca Covid-19 vaccine study was put on hold due to suspected adverse reaction in a participant in ...

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