Asian Shares Mixed Despite Dovish Fed

Asian stocks ended mixed on Thursday as Treasury yields climbed despite the Federal Reserve’s dovish monetary policy announcement. The Fed reiterated its accommodative monetary policy and projected the U.S. economy to grow 6.5 percent this year, the fastest pace in…

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Asian Shares Mixed On Inflation Concerns

Asian stocks ended mixed on Wednesday as surging bond yields driven by increasing inflationary concerns overshadowed hopes for a vaccine-led economic recovery. Chinese markets remained closed for the Lunar New Year holidays. Hong Kong’s Hang Seng index recovered from an…

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Asian Shares Succumb To Profit Taking

Asian stocks fell broadly on Friday due to profit taking at record highs. Optimism about ramped up efforts to combat the coronavirus and expectations for more stimulus under the new Biden administration have helped to prop up the markets in…

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Asian Shares Rally On Biden’s Election Win

Asian stocks rallied on Monday after Democratic candidate Joe Biden was projected to defeat incumbent Donald Trump, helping remove some U.S. political uncertainty. A divided government with a Biden presidency and Republican-controlled Senate seemed like it could be good for…

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Asian Shares Retreat Amid Virus Risks

Asian stocks fell on Thursday, tracking overnight declines in the U.S. and Europe, as rising coronavirus infections and new restrictions being introduced in European countries added to worries about the economic outlook. Lingering uncertainty about U.S. fiscal stimulus and the…

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Asian Shares Gain On U.S. Stimulus Optimism

Asian stocks ended mostly higher on Wednesday after the White House and Democratic Party negotiators said they are willing to continue their discussions over U.S. stimulus measures. Sentiment was also bolstered after a Reuters report said that AstraZeneca Plc’s Covid-19…

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Asian Shares Rally As Trump Signals Improving Health

Asian stocks rallied on Monday as reports of U.S. President Donald Trump’s improving health eased some of the political uncertainty surrounding the U.S. presidential election in November. Optimistic statements by key U.S. officials related to a new $2.2 trillion stimulus…

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Asian Shares Rise On U.S. Stimulus Hopes

Asian stocks moved mostly higher on Friday, with investor sentiment lifted by reports that Democrats are drafting a new $2.4 trillion relief bill, aimed at resuming the stalled stimulus talks with Republicans. The upside was limited by growing concerns over…

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Asian Shares Mixed After China Data

Asian stocks ended mixed on Tuesday as concerns about rising coronavirus cases and geopolitical tensions offset data showing that China’s manufacturing sector continued to expand in August. Chinese shares eked out modest gains after a private survey showed the country’s…

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Asian Shares Follow Wall Street Higher

Asian stocks rose broadly on Friday as news that China and the U.S. have agreed to hold new trade talks in the coming days helped offset gloom over downbeat U.S. jobless claims data released overnight. Encouraging news on the coronavirus…

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