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NEW YORK: The dollar rose on risk aversion and global stock markets fell on Monday as U.S.-Chinese bickering over the origin of the coronavirus outbreak sparked fear of a new trade war, but Wall Street rebounded as the lifting of lockdowns in some U.S. states boosted optimism
LONDON: Eurozone bond yields fell yesterday after US President Donald Trump threatened China with further tariffs if it fails to sign a trade deal, casting a shadow over the optimism that has hurt bond markets in recent weeks.Trump, on Tuesday, dangled the prospect of completing an initial trade deal with China “soon, ” but offered no new details on negotiations.
SHANGHAI: China’s offshore yuan is on a tear, punching through a key level as it heads closer to 7 per dollar on building trade optimism.
KUALA LUMPUR: Petronas-linked stocks dragged the FBM KLCI into the red at the close of trade on Tuesday amid a mixed broader market.
WASHINGTON/BEIJING: US President Donald Trump on Wednesday welcomed China's decision to exempt some US anti-cancer drugs and other goods from its tariffs and announced a delay to scheduled tariff hikes on billions worth of Chinese goods.
SINGAPORE: Southeast Asian stock markets fell on Monday, led by Singapore, as the imposition of further tariffs by Washington and Beijing hammered investor sentiment, bucking the optimism stemming from a surprise expansion in China's
factory activity in August.
REVIEW: The outlook on Bursa Malaysia grew even more shaky as Washington and Beijing continued to fan the flames of a trade dispute that had stretched on for over a year.
NEW YORK: A global gauge of equities edged higher on Monday and the dollar rebounded after U.S. President Donald Trump said Chinese officials had contacted Washington about resuming trade negotiations
REVIEW: The bullish vibes from the trade truce struck between Washington and Beijing helped to reinforce the local market’s current uptrend.Global equities experienced a lift at the start of the week’s trading in the wake of the US promise to suspend further tariffs on Chinese goods while easing restrictions on Huawei.
PETALING JAYA: The technology sector has been downgraded to “neutral” from “overweight” in view of a series of setbacks, mainly arising from the US-China trade tensions.