HONG KONG (Reuters) – Asian hedge funds tiptoed back into the market last week, adding to their positions in Japan and India shares, after quickly cutting exposure when U.S. President Donald Trump unleashed sweeping tariffs at the start of the month, Morgan Stanley said. They were also buyers in Taiwan, mainly driven by short coverings,...
By Rae Wee SINGAPORE (Reuters) – Shares struggled for direction on Wednesday and oil prices slid as relief over a potential easing of global trade tensions was offset by a worsening economic outlook and dour signals from corporates swept up by Donald Trump’s tariffs. U.S. Treasury yields also languished near multi-week lows as traders raised...
By Stella Qiu SYDNEY (Reuters) -Core inflation in Australia slowed to a three-year low in the first quarter as costs in the services sector cooled markedly, data showed on Wednesday, supporting the case for another cut in interest rates in coming weeks. Investors are fully expecting a quarter-point rate cut from the Reserve Bank of...
SINGAPORE (Reuters) – Stocks ticked sideways on Tuesday while the dollar headed towards its largest monthly fall for years as investors braced for the trade war to be felt in earnings and economic data. U.S. President Donald Trump’s tariffs have rattled faith in U.S. assets and even though numerous backdowns have helped the S&P 500...
By Rae Wee SINGAPORE (Reuters) -The dollar barely recouped its heavy losses on Tuesday as investors were no clearer on whether a de-escalation of the Sino-U.S. trade war was underway with Treasury Secretary Scott Bessent suggesting the onus was on China to start negotiations. Bessent said in an interview on Monday that it was up...
(Reuters) -Chinese tech giant Alibaba Group (BABA) launched Qwen 3 on Tuesday, an upgraded version of its flagship artificial intelligence model that introduces new hybrid reasoning capabilities. The launch comes as competition in China’s AI sector intensifies, spurred by the breakout success of local startup DeepSeek earlier this year, which claimed to have built high-performing...
By Jihoon Lee SEOUL (Reuters) – South Korea’s exports are expected to have fallen in April, as U.S. President Donald Trump’s sweeping tariffs, including those on autos and steel, started to weigh, a Reuters poll found on Tuesday. South Korea is the first major exporting economy to report trade figures each month, providing an early...
(Reuters) – Crude oil prices fell in early Asian trading on Tuesday as investors lowered their demand growth expectations due to the ongoing trade war between the United States and China, the world’s two biggest economies. Brent crude futures fell by 25 cents, or 0.4%, to $65.61 per barrel by 0024 GMT. U.S. West Texas...
HONG KONG (Reuters) -Shares of Bright Smart Securities & Commodities Group jumped as much as 60.7% to a record upon resumption of trading on Monday after Ant Group agreed to buy a 50.55% stake in the Hong Kong-based brokerage for HK$2.81 billion ($362.26 million). The stock, whose trading was halted on April 23, touched HK$4.90,...
-Singapore is negotiating concessions for pharmaceutical exports to the U.S. while ensuring it still has access to high-end AI chips from the American market, said Trade and Deputy Prime Minister Gan Kim Yong according to a report by The Straits Times. Gan said on Sunday that he had a call with U.S. Secretary of Commerce...
