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Asian markets mostly down, trade war fears back in headlines

Asian markets mostly fell Tuesday with Hong Kong and Shanghai stocks sinking following a report that the White House is preparing to impose tariffs on all its Chinese imports, throwing the trade war back into the spotlight. The story added to skittishness across trading floors, where investors are already fretting over a number of issues including geopolitical tensions, rising US interest rates, slowing growth, Brexit and Italy´s budget standoff with the EU. Wall Street provided another negative lead, with the S&P…

Asian market sell-off picks up pace, Shanghai tumbles

HONG KONG: Asian markets fell on Monday, extending last week’s sell-off as another strong US jobs reading further fanned expectations the Federal Reserve will hike interest rates at a quicker pace. Shanghai led the retreat as mainland investors returned from a week-long break, during which time China was accused of using microchips in computer equipment sold in the US as part of a drive to steal technology secrets. The losses in China also came despite a cut in the amount of cash the country’s commercial banks must…

Asian markets extend gains as trade hopes persist

HONG KONG: Optimism that China and the United States will eventually resolve their trade conflict kept Asian investors buoyant on Thursday, while emerging market currencies held gains after Beijing’s pledge not to weaponise the yuan in the standoff. Regional markets have been on the rise this week after the two sides’ latest tit-for-tat tariffs were considered lenient and allowed for talks, with observers suggesting a further escalation was unlikely before the end of the year. And while China on Wednesday hit back at…

US exports fill Asia’s LNG demand gap as market tightens

SINGAPORE: US liquefied natural gas exporters sending tankers to Asia to fill a gap in the region's demand as markets have tightened more-than-expected on surging consumption in China and Pakistan as well as Australia's continuing struggles to ramp up scheduled production. Benefiting from the Panama Canal expansion last year that allows bigger ships to cross from the Gulf of Mexico into the Pacific, around a dozen LNG cargoes from the United States have gone to Asia since December. Data in Thomson Reuters Eikon currently…