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HONG KONG: Oil prices collapsed to more than two-decade lows Monday (April 20) as traders grow concerned that storage facilities are reaching their limits, while signs that the coronavirus may have peaked in Europe and the United States were unable to help Asian equities extend their recent advances.
HONG KONG (AFP): Equities rose Thursday (April 9) as traders bought into optimism that the coronavirus crisis could be nearing its apex, while hopes that top oil producers will agree to a massive output cut added to the positive vibe and pushed crude prices up.
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.
HONG KONG (AFP): Asian markets suffered steep losses Monday, tracking a selloff in New York after Donald Trump sparked fears of a renewed trade war with China over its role in the coronavirus pandemic.
HONG KONG: Stock markets suffered steep losses on Monday (May 4), tracking a selloff in New York after Donald Trump sparked fears of a renewed trade war with China over its role in the Covid-19 (coronavirus) pandemic.
HONG KONG (AFP): Asian markets dropped Thursday (May 7) as the economic reality of the coronavirus crisis became even starker, and China-US relations soured, overshadowing recent optimism over the easing of lockdown measures.
HONG KONG (AFP): Asian markets were mixed Wednesday (May 20) as a rally over the previous two days ran out of steam on profit-taking, with investor confidence also tempered by ongoing worries about the long-term damage that lockdowns are having on the global economy
GOLD attempted to retest the recent record high at 1265 but stalled at 1262 due weakening strength. Last Thursday, the metal tumbled to 1196, the most since February on signs that Europe's financial industry may recover, thus curbing demand for the yellow metal as a safe haven.
IN A first-of-its-kind virtual stock trading competition that provided aspiring young traders real-life experience of cross-border trading in four major stock exchanges in Asean, Team Amazon Lily from Indonesias Universitas Kristen Petra has triumphed over teams from Malaysia, Singapore and Thailand to emerge as the overall winner of the CIMB Asean Youth Stock Challenge 2012.