Asian shares held steady on Wednesday as investors tried to come to terms with a...
TOKYO - Asian shares held steady on Wednesday as investors tried to come to terms with a sharp shift in U.S. bond markets and the implications for the world’s top economy.
Chinese stocks outperformed their Asian peers on expectations that Beijing would roll out more measures to support growth after data showed industrial profits shrank the most since late 2011. “While the markets now got out of the extreme nervousness about the U.S. yield curve, there is no denying that U.S. data has been soft of late, hardly dispelling worries about the outlook,” said Hirokazu Kabeya, chief global strategist at Daiwa Securities.
“We are entering a new phase in markets as the U.S. monetary policy cycle has come to a turning point, from rate hikes to rate cuts,” said Akira Takei, bond fund manager at Asset Management One. Investors are also wondering about Britain’s plan to exit from the European Union, with potential scenarios spanning from a cancellation of Brexit to a no-deal exit.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian shares lose steam as investors grapple with U.S. recession riskAsian shares slipped on Wednesday, giving up their small gains made the previous...
Read more »
Asian shares lose steam on U.S. recession fears; kiwi dives on RBNZ signalAsian shares slipped on Wednesday, giving up small gains made the previous day a...
Read more »
Immigration drama 'Yellow Rose' wants to diversify Asian-American stories in Hollywood'I didn’t want to make a grand political statement, but to show that we are all in it together with the same hopes and dreams and struggles.”
Read more »
Asian shares up on accommodative Fed; growth concerns lingerShares in Asia rose on Thursday after the U.S. Federal Reserve took a more accom...
Read more »
Asian shares firm after solid U.S. data, tech sector hopesAsian shares advanced on Friday after upbeat data and optimism in the tech secto...
Read more »
Asian shares hit 6-1/2-month high on tech hopes, U.S. dataAsian shares hit 6-1/2-month highs on Friday after upbeat U.S. data and optimism...
Read more »
New Ballet Hispánico works explore intersection of Latino, Asian culturesWhen Ballet Hispánico takes the stage this month, audiences will experience new works from Asian-American choreographers — a first for the 50-year-old company and legendary Latino dance organization.
Read more »
ClauseMatch is targeting Asian expansion via SingaporeUK-based regtech ClauseMatch has launched Southeast Asian (SEA) operations out of Singapore, per a press release.
Read more »
In Midwest states, political parties eye growing Asian-American electorate“You’re going to see more voter outreach, more engagement in 2020 than you’ve seen in the past.”
Read more »