(Bloomberg) — Asian stocks are poised for hefty losses throughout the region, dragged by a poor session on Wall Street and the Trump administration’s latest moves to curb US trade with China. Most Read from Bloomberg Shares in Australia opened lower, while futures are pointing to Hong Kong and Tokyo benchmarks falling around 2% at…
The impact on Asian stocks from tariffs imposed on China by US President Donald Trump will be much more limited compared with a stronger dollar due to the uncertainty over the Federal Reserve’s rate cuts, according to Hang Seng Bank. “The actual impact of Trump’s tariffs on the Chinese economy is limited,” Belle Liang, the…
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks got a lift on Thursday from Chinese stocks as China’s central bank kicked off its 500 billion yuan facility to spur capital markets, while the dollar lingered near a two-month high ahead of U.S. inflation data later in the day. The People’s Bank of China (PBOC) said…
Asian stocks were set for a cautious start after losses in the US, with traders preparing for Chinese markets to reopen following a week-long holiday. Futures showed Tokyo shares falling, with Hong Kong and Sydney benchmarks inching lower after Wall Street was dragged down by a tech selloff, geopolitical angst and bets on a smaller…