Global shares mostly gain as China exports rise
YURI KAGEYAMA, AP Business Writer
April 13, 2021
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1of5People wearing face masks walk past a bank s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, April 13, 2021. Asian shares were mostly higher on Tuesday with hopes growing for a global economic rebound despite worries over renewed surges in coronavirus cases.Vincent Yu/APShow MoreShow Less
2of5A man wearing a face mask walks past a bank s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, April 13, 2021. Asian shares were mostly higher on Tuesday with hopes growing for a global economic rebound despite worries over renewed surges in coronavirus cases.Vincent Yu/APShow MoreShow Less
Asian equities mostly higher
Asia markets higher on China Trade Balance
Having suffered yesterday, Asian equities are mainly green today, with yesterday’s unloved markets in favour today. That suggests that choppy range trading and tail-chasing continue to rule the roost as equity markets, ex the FOMO-gnomes of Wall Street, search for a directional answer to sink its teeth into. Wall Street went nowhere overnight, as the US 10-year note auction passing without incident.
Overnight, some long-covering hit Wall Street on a slow news day, with the S&P 500 unchanged, the Nasdaq losing 0.36%, and the Dow Jones easing by 0.16%. In Asia, the range-trade theme continues, with futures on all three creeping higher by just over 0.05% in quiet trading.
World shares, US futures decline on vaccine, virus worries
ELAINE KURTENBACH, AP Business Writer
April 12, 2021
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1of5People walk past a bank s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Monday, April 12, 2021. Asian shares were lower on Monday, as investors grew wary over the recent surge in coronavirus cases in many places while vaccinations are making scant headway.Vincent Yu/APShow MoreShow Less
2of5A man walks past a bank s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Monday, April 12, 2021. Asian shares were lower on Monday, as investors grew wary over the recent surge in coronavirus cases in many places while vaccinations are making scant headway.Vincent Yu/APShow MoreShow Less
Asian equities refuse US buy-in
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Wall Street climbs but Asia hesitates
US equities had a mighty session overnight, powered by ISM and Non-Farm Payroll recovery hopes. However, Asia’s markets, less the sheep followers of Australia, have adopted a much more cautious tone. That is a pattern that repeated itself last week, where strong rallies on Wall Street were not replicated in Asia. Overnight the S&P 500 rose 1.44%, the Nasdaq rallied by 1.67%, and the Dow Jones finished 1.12% higher.
The schizophrenic behaviour of Wall Street last week, which spent it chasing its tail on a day-to-day basis, could be part of the reason. Doubts over the longevity of the rally overnight are as good a reason to be cautious as any. It could also be that investors globally, including Asia, are following the noise and concentrating on the seemingly effortless gains available on Wall Street. US index futures have also edged lower this morning after yesterday’s rally. Nagg
Asian mixed after Wall St. record amid vaccine optimism
JOE McDONALD, AP Business Writer
April 4, 2021
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1of5A currency trader passes by screens showing the Korea Composite Stock Price Index (KOSPI), center, and the foreign exchange rate between U.S. dollar and South Korean won, right, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, April 5, 2021. Asian stock markets were mostly higher Monday after Wall Street hit a record high on optimism the spread of coronavirus vaccines might allow global business to return to normal.Ahn Young-joon/APShow MoreShow Less
2of5A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, April 5, 2021. Asian stock markets were mostly higher Monday after Wall Street hit a record high on optimism the spread of coronavirus vaccines might allow global business to return to normal.Ahn Youn