Saturday, 25 May 2019 03:23 WIB
Shares finished Friday with a slight gain, bringing another tough week to a close but investors remain on edge owing to rising China-US tensions.
The Hang Seng Index rose 0.32 percent, or 86.80 points, to 27,353.93.
The benchmark Shanghai Composite Index was barely moved, inching up 0.48 points to 2,852.99, while the Shenzhen Composite Index, which tracks stocks on China's second exchange,...
Friday, 24 May 2019 20:02 WIB
Orders for durable or long-lasting goods fell sharply in April, mostly because of falling demand for Boeing jets and new cars and trucks. Business investment also continued to weaken, reflecting worries about the China trade fight and a slower U.S. economy.
Orders for durable goods ” products meant to last at least three years ” dropped 2.1% in April, the government said Friday. The...
Saturday, 25 May 2019 02:23 WIB
U.S. oil futures finished higher Friday, recouping some of the losses they saw from a day earlier when they settled at a more than two-month low. Prices, however, also posted their worst weekly decline year to date.
Traders continued to gauge the risk of an energy demand slowdown as the U.S. and China continue to grapple with their dispute on trade. "There was a violent repricing of risk on...