Asian markets stagger into weekend as trade rally runs out of legs


HONG KONG: Markets limped into the weekend as investors consolidated gains fed by the China-US trade war hiatus, having enjoyed one of their best weeks since Donald Trump unloaded his "Liberation Day" tariff bazooka last month.

The dollar edged down after data showed US wholesale prices rose less than expected last month and retail sales were flat -- following below-forecast consumer inflation figures -- providing hope the Federal Reserve could cut interest rates this year.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Asian , equities , market , May 16

Next In Aseanplus News

Indonesia Air transport aircraft en route to Makassar lost contact; search now underway
Going after the cheaters: Cambodia arrests 75 online scam suspects in latest raids
Minimum of 'C' in four core subjects for all students among targets in new education blueprint, says DG
Not ‘Trump-compatible’? China expert Rudd exits Australia’s US ambassador role
Umno AGM: Akmal a 'good child, though sometimes naughty', 'ayahanda' Zahid says in move to ease tensions
Indonesia's national bird the Javan hawk-eagle under pressure as forests in the country disappear
Umno AGM: 'Grand collaboration' not a revival of Muafakat Nasional, says Zahid
Road collapse causes major jams en route to Bangkok after a pick-up falls into sinkhole
Poor nutrition during pregnancy causing ‘brain stunting’ in Filipino children: Health Secretary
Hanoi uses AI cameras to spot offenders, including illegal street vendors and litterbugs

Others Also Read