Oil


  • Filter by

Asia shares shudder as Beijing talks tough

SYDNEY: Asian shares suffered a fresh bout of the shakes on Friday as tough words on trade from China's media drowned out upbeat news on the U.S. economy and corporate earnings.

Shanghai stocks led the way into the red amid the growing fallout from President Donald Trump's move to block China's Huawei Technologies from buying vital American technology.

Asian shares struggle for footing after tough week

SYDNEY: Asian shares were trying to end a bleak week in the black on Friday as upbeat U.S. economic news and solid company earnings offered a respite from the interminable Sino-U.S. trade saga.

For now, Asian markets were just happy for a break. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1% and off a 15-week trough, but was still down 1.8% for the week.  Japan's Nikkei bounced 0.7% in early trade, while the main Australian index added 0.5%. E-Mini futures for the S&P 500 were steady.

Singapore April exports slump 10% year-on-year

SINGAPORE: Singapore's non-oil domestic exports (NODX) fell more than expected in April from a year ago, hurt by fewer shipments to most major trading partners and a plunge in pharmaceutical sales, official data showed on Friday.

Exports fell 10% in April year-on-year, data from the trade agency Enterprise Singapore showed, slightly better than a revised 11.8% decline the month before.