Hong Kong stocks recovered to close higher on Thursday after an early slump following hefty losses on Wall Street over fears of a global recession.
The Hang Seng Index rose 0.76 percent or 193.18 points to end at 25,495.46.
The benchmark Shanghai Composite Index gained 0.25 percent, or 6.89 points, to close at 2,815.80. The Shenzhen Composite Index, which tracks stocks on China's second exchange, closed 0.53 percent, or 8.07 points higher, to 1,517.07.
Source : AFP
Gold prices gained on Friday as the steep fall in U.S. bond yields continued, while conflicting signals on the Sino-U.S. trade war added to economic uncertainty.
Spot gold was up 0.2% at $1,525.21 per ounce at 01:05 GMT.
The metal has gained nearly 2% so far this week, and is on track for its third straight weekly gain.
U.S. gold futures rose 0.3% to $1,535.50 an ounce.
Data showing strong U.S. retail sales in July did not have an impact on the bond rally. Yields on 30-year paper hit an...
Tokyo stocks opened lower on Friday on dampened hopes of an early settlement of the US-China trade war.
The benchmark Nikkei 225 index slid 0.35 percent or 71.86 points to 20,333.79 in early trade while the broader Topix index was down 0.35 percent or 5.14 points at 1,478.71.
Source : AFP
U.S. stock index futures were set to open sharply higher on Friday morning as investors continued to focus on movements in the bond market and U.S.-China trade talks.
Around 5:30 a.m. ET, Dow futures indicated a positive open of about 250 points. Futures on the S&P and Nasdaq were also both solidly higher.
Wall Street closed Thursday's session on a more positive note, erasing some of the steep losses suffered earlier in the week. Market sentiment remains volatile, however, as concerns...
The dollar held onto gains on Friday after a surge in U.S. retail sales eased concerns about the world's top economy, but traders cautioned against reading too much into one piece of data given the growing risks to the outlook.
The greenback was on course for a weekly gain against safe-haven currencies such as the Japanese yen and the Swiss franc, pointing to some respite for frayed nerves after fears of recession and protests in Hong Kong rattled financial markets.
Data showing American...