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Asian markets gain

Asian markets were having a favourable time in early trading on Monday. As the weekend ended, on Sunday, a new report indicated that China’s trade with the United States went down in August, as new tariffs by both parties were announced. According to the customs data displayed on Sunday, imports of American goods collapsed 22%…
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Asian stocks rise

Stocks in Asia started rising as the result of the Hong Kong leader withdrawing the controversial extradition bill. Most importantly, Hang Seng index soared on Wednesday. Right after the news of extradition bill being lifted, Hong Kong stocks went up about 4% on that day. After the Hang Seng index rose, the Chinese stock started…
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Boeing shares wobble a bit due to the latest 737 Max being delayed

Boeing’s stocks plunged as much as 3% as the result of the news emerging that United Airlines and American Airlines will extend the cancellation of 737 Max flights. According to The Wall Street Journal, the aerospace company has decided to get the 737 Max re-certified and may not be active in service for holiday travel.…
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Tesla shares soared after China decided to exempt Tesla vehicles from Auto Tax

Although China stated that they are going to resume auto tariffs in December (that was paused in April), China’s automotive regulatory body confirmed that it won’t be applicable to electrical vehicles including Tesla models such as Model 3, Model S and Model X. This is a push to Tesla to avoid any increased costs from…
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Gold prices started surging

Gold prices started soaring on Thursday (August 29, 2019) amidst fears over recession. The demand for the metal started growing during the period of rising political and economical turmoil. Spot gold rose 0.2% to $1,542.06 per ounce whereas U.S. gold futures were up 0.1% at $1,550.80 an ounce as reported by Reuters. According to Michael…
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Asia stocks rose after Trump’s statement

Asia stocks soared on Tuesday (August 27, 2019) as a result of the United States President Donald Trump offering a positive outlook on China and stating that the US and China would be able to reach a trade deal between them. He also said he believes that Beijing looks forward to initiating an agreement. As…
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Unfavorable time for Asia shares amidst the Trade war

Due to the ongoing US – Chinese trade war, shares across Asia have sunk on Monday (August 26, 2019) itself. The trade war has already started affecting the world economy and market currencies. Hong Kong’s Hang Seng index started showcasing a downfall in the region as it plunged more than 2% once it reached the…
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Asian markets gaining ahead of Powell’s speech

During the early trading on Friday (August 23, 2019), Asian markets started rising. This was ahead of the Federal Reserve Chairman Jerome Powell’s speech. The investors were anticipated to hear any clues on whether the US central bank will cut interest rates in the future. According to CNN Business, Hong Kong’s Hang Seng Index (HSI)…
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Alibaba postponed a Hong Kong listing

The biggest e-commerce company of China, Alibaba Group was supposed to be listed in Hong Kong but as a result of the ongoing political unrest in the city, it has decided to delay its plan to issue a secondary offering. Going by the ticker name NYSE: BABA, the Hong Kong listing postponed by Alibaba is…
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Asia stocks started ascending

Due to the fact that the People’s Bank of China (PBOC) decided to tweak the rates in order to support the slowing economy, the Chinese stocks started soaring. As a result of the ongoing trade war, Asia stocks started plunging and the People’s Bank of China decided to reduce the borrowing costs for companies. Analysts…
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