Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Tuesday, June 25, 2019 04:52:16 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Asia markets end strong week on positive note

By
12th-Jan-2019       
Comments
Share your thought
Post a comment »
Read all () »

AFP, Hong Kong :
The upbeat tone that characterised this week helped Asian markets to fresh gains on Friday, with Hong Kong chalking up a sixth straight day of rises.
Investors globally have been riding a wave of optimism since the head of the Federal Reserve indicated it will likely slow its pace of interest rate hikes, while there were also signs that China and the US could eventually reach a trade deal.
And the gains were not limited to equities. Oil is up about 20 percent from 17-month lows at the end of December and high-yielding currencies were being supported by a new-found demand for riskier assets.
Friday's rally followed another positive lead from Wall Street, where dealers brushed off disappointing retail figures as they focused on the prospect that borrowing costs will not rise as much as previously feared.
Fed minutes Wednesday showed policymakers are happy to hold off any more rate hikes as they assess the state of the economy, backing up dovish comments last week by its head Jerome Powell. There was a slight wobble in New York after Powell on Thursday suggested the bank's securities holdings should be "substantially smaller" - a sell-off by the Fed of such assets would lift interest rates.  But the general mood remained upbeat as a number of other top Fed officials indicated they were happy to see a break in hikes.
"Markets are ultimately waiting to see if the Fed's new rhetoric related to stepping back, does it translate to action, and does the Fed actually pause at some point," Morgan Stanley economist Dan Skelly told Bloomberg TV in New York.
"That's really what we are waiting for to see a sustained move higher" in stocks, he said.
In Asia, Hong Kong rose 0.6 percent - meaning it has risen more than six percent since last Thursday's close and is at a one-month high - while Shanghai ended up 0.7 percent and Tokyo added one percent.
Singapore and Seoul each rose 0.6 percent, Taipei jumped 0.4 percent while there were also gains in Wellington, Bangkok and Jakarta, though Sydney, Manila and Mumbai eased.

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Train accident: Responsible persons must be punished


AT least five people, including three women, were killed and more than 100 injured as the Upaban Express -- a passenger train heading to the capital from Sylhet -- derailed on a bridge in Moulvibazar on Sunday night. One of the carriages of it fell into a canal while two ...

Entertainment »

Shirin Shila`s Lady Action


Sheikh Arif Bulbon :With the inspiration and assistance from noted film actress Rasheda Chowdhury Shirin Shila started her journey in film industry. Before starting acting in big screen Shila acted with Rasheda Chowdhury in a drama. Basically Rasheda Chowdhury inspired Shila to work in movie. Once she also introduced Shila ...

Cricket »

Shakib first Bangladeshi batsman to complete 1000 WC runs


Talismanic all-rounder Shakib Al Hasan became the first Bangladeshi batsman to complete 1000 runs in the World Cup during the match against Afghanistan at the Rose Bowl in Southampton on Monday.Starting the match with 965 runs and 35 runs shy of achieve the feat, Shakib flicked pace bowler Dawlat Zadran ...

International »

Saudi women use wedding contracts to assert right to drive


AFP, Dammam :Saudi salesman Majd had just begun his wedding preparations when his fiancee sought to enshrine in their marriage contract a condition already guaranteed by law-her right to drive.Wedding contracts have long been a safety net for brides in the deeply patriarchal society, used to guarantee demands that are ...

International »

Iran denies US cyber attack ahead of new sanctions


AFP  :Iran denied Monday it was hit by a US cyber attack as Washington was due to tighten sanctions on Tehran in a standoff sparked by the US withdrawal from a nuclear deal.Both nations say they want to avoid going to war, but tensions have spiralled as a series of ...

City »

Chief of Army Staff General Aziz Ahmed inaugurated a building of Baridhara Scholars International School and College in the city on Monday.


Cricket »

No six pack but Malinga still a big-game hunter: Mahela Jayawardene


Former Sri Lanka captain Mahela Jayawardene praised Lasith Malinga for his ability to step up in big games after the paceman inspired his country's shock World Cup win over England.Malinga returned figures of four for 43 to help Sri Lanka dismiss England for 212 as they stunningly beat the hosts ...

Editorial »

Banks must strengthen security systems to counter cyber heists


NEWS media reported that transnational scammers in May attacked three Bangladeshi commercial banks' networks and stole around Tk 25 crore from Dutch Bangla Bank Limited (DBBL) while two other banks — NCC Bank and Prime Bank — claimed they however managed to avert financial losses.Intelligence agencies said hackers planted malware ...

International »

UK's Boris Johnson under pressure to explain domestic 'row'


Boris Johnson, the strong favourite to become Britain's next prime minister, came under pressure from figures in his own party on Sunday to explain reports of a domestic 'row' that led to a police visit.Although still heavily backed to beat Jeremy Hunt to become Conservative Party leader, and therefore prime ...

International »

North Korean leader receives 'excellent' letter from Trump: KCNA


AFP, Seoul :North Korean leader Kim Jong Un received a personal letter of "excellent content" from US President Donald Trump, the country's state media said Sunday, amid a nuclear deadlock between Pyongyang and Washington.Talks have been stalled since the collapse of a second summit between Kim and Trump in Hanoi ...

Entertainment »

Tomalika returning with play Rarang


Sheikh Arif Bulbon :To change her personal life, National Film Award winner actress Tomalika Karmakar was in USA for last one year. Before Eid-ul-Fitr, she returned to country. Now she has decided to stay here and will continue acting. She is returning acting through her theatre troupe Aronnyok’s popular play ...

Editorial »

Subsidise agriculture to maintain food security


AGRICULTURAL economists suggested the government for setting up a special fund from where the farmers would receive support during the harvesting period. As the growers become deprived of the fair price of their production, the fund would help the farmers and encourage them to stay in the agriculture sector. The ...

Cricket »

Bangladesh to wait for Saifuddin to get fit


Considering the form of pace-bowling all-rounder Mohammad Saifuddin, Bangladesh team management tries its best to get him fit ahead of their crucial clash against Afghanistan on Tuesday at the Southampton.Saifuddin has been the Bangladesh's 'go to' bowler in the death over and is the highest wicket-taker for the side with ...

International »

Trump nominates Mark Esper as Secretary of Defense


AP, Washington :Donald Trump has nominated Mark Esper to be the US Secretary of Defense, the White House said late Friday, as Washington navigates a spike in tensions with Iran.The nomination of Esper, who was this week elevated to acting Pentagon chief from his post as Army Secretary, was announced ...

Editorial »

Govt worth its name must explain every abduction and every disappearance


Police have found Syed Iftekhar Alam Shourav, a nephew of former State Minister for Home Affairs Sohel Taj, in Mymensingh, 11 days after he went missing from Chattogram. Quoting officials of the Counter Terrorism and Transnational Crime Unit, media reported that an unidentified car dropped Shourav in front of a ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news