Monday, 1 June 2020 15:42 WIB
Hong Kong stocks started the week with a bang Monday, rallying more than three percent on relief that Donald Trump held off unveiling severe measures against China over its security law proposal for the financial hub.
The Hang Seng Index jumped 3.36 percent, or 771.05 points, to 23,732.52.
The benchmark Shanghai Composite Index rose 2.21 percent, or 63.08 points, to 2,915.43, while the...
Thursday, 28 May 2020 19:53 WIB
The U.S. economy contracted at an annual 5% pace in the first quarter instead of 4.8%, revised government data show. A downward revision to inventory investment mostly accounted for the downward revision, the Commerce Department said.
Looking ahead, economists surveyed by MarketWatch predict GDP will plunge at a 27.7% annual rate as people stayed home to try to stem the spread of the...
Monday, 1 June 2020 14:01 WIB
Riskier currencies rose against the dollar on Monday as investors looked to positive signs from China™s post-coronavirus economic recovery and wagered on an easing in Sino-U.S. tensions.
The trade-sensitive Australian dollar surged 1% to a three-month high of $0.6742 to lead broader gains that put the dollar close to an 11-week low against a basket of currencies.
U.S. President Donald Trump...