Shares of Asia Pacific were mixed on Tuesday morning as a private survey showed that Chinese manufacturing activity in August has been expanding at its pace for almost 10 years. Mainland Chinese stocks fell, while the Shanghai Composite fell 0.16% while the Shenzhen component fell 0.448%. Hong Kong’s Hang Seng …
Read More »Dollar movement signals a new era of currency weakness as gold gains
The dollar has become the boxing bag of the world and is likely to remain that way for a time. The global reserve currency benefited greatly from a flight to security, which took it to a peak of three and a half years in March as the coronavirus pandemic spread …
Read More »Gold prices hit record amid concerns over coronavirus, tensions between the United States and China
Ktsdesign | Science Photo Library Gold hit record prices as concerns over issues such as the coronavirus pandemic and tensions between the United States and China weighed on investor sentiment. On Asian trading hours morning on Monday, spot gold traded at around $ 1,931.11 per ounce after a previous trade …
Read More »Asian stocks trade mainly higher as China’s June industrial gains soar
Most Asian markets traded higher on Monday morning as investors continue to watch developments on issues like the coronavirus pandemic. Shares in Taiwan led gains among the region’s major markets, as Taiex soared 2.69%, and Taiwan Semiconductor Manufacturing Company shares rose nearly 10%. South Korea’s Kospi also saw robust gains …
Read More »China and Hong Kong jump more than 2% amid hopes for coronavirus vaccine
Shares in the Asia Pacific rose during Thursday’s trading session, following positive news overnight about the development of a possible coronavirus vaccine. The Hong Kong Hang Seng Index led gains among the region’s major markets, rising 2.25%, from its last hour of trading. Shares of Chinese internet giant Tencent soared …
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