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HONG KONG (AFP): Hopes for a vaccine to treat coronavirus and a further easing of lockdown measures around the world spurred a rally on Asian markets Tuesday (May 19) as investors tracked a surge across Europe and Wall Street.
HONG KONG: Stock markets rose on Monday (May 16) as a further easing of lockdowns around the world offset another round of data highlighting the sharp economic pain being inflicted by the Covid-19 (coronavirus) pandemic.
HONG KONG (AFP): Most markets slipped Friday (May 15), at the end of a tough week for global markets that have been wracked by worries over a second wave of infections, rising China-US tensions and uncertainty about how long any economic recovery will take.
KUALA LUMPUR: If face mask and personal protective equipment (PPE) were traded as commodities, their future prices would have skyrocketed as the world is expected to deal with the Covid-19 (coronavirus) pandemic at least up to 2021. The other item that is selling fast are hand sanitisers.
HONG KONG (AFP): Moves to ease lockdown measures and reopen economies around the world fired equity markets Friday (May 8) as investors looked past a string of depressing data suggesting the planet is heading for its worst downturn since the Great Depression.
SINGAPORE (AFP): Oil extended gains in Asia on Tuesday (May 5) on signs of improving demand as coronavirus-hit major economies begin to ease strict curbs and as top producers slash output.
HONG KONG (AFP): Equities rallied again on Thursday (April 30) and oil prices built on the previous day's surge as investors began to see a glimmer of light at the end of the tunnel in the fight against coronavirus, following news of a possible breakthrough in the search for a treatment.
SINGAPORE: US oil nosedived towards US$10 a barrel on Tuesday (Apr 28) after a major exchange-traded fund started selling its short-term contracts of the commodity, and storage concerns mounted as the coronavirus strangled demand. In morning London deals, West Texas Intermediate crude for June delivery tumbled more than 21% to $10.07 -- having plunged 25% a day earlier. International benchmark Brent crude slid 4.9% to trade at US$19.01 a barrel.
HONG KONG: Asian stocks mostly rose on Tuesday (Apr 28) as investors track government moves to ease lockdown measures around the world, helping extend the previous day's rally, but US oil prices suffered another collapse.
HoONG KONG: Equity markets rallied Monday (April 27) as the rate of Covid-19 (coronavirus) deaths dropped in several badly hit countries and leaders stepped up plans to reopen their economies, though oil prices tumbled again with supply glut fears overshadowing output reductions.