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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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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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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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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