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POPULAR NEWS
Yen Surges, Offshore Yuan Tumbles as Trade War Intensifies

The yen surged on Monday as investors flocked to safe-haven assets after a sharp re-escalation in the U.S.-China trade war, which whacked investor confidence and darkened the global economic outlook. The yuan also tumbled in offshore trade, weighed by expectations of a deeper slowdown in China as the world™s two-largest economies exchanged barbs over trade. The Swiss franc and gold, two assets sought during times of heightened risk aversion, shot up in early Asian trade. The yen surged to...

Tokyo's Nikkei Opens Down 2.6% as Yen Surges on Trade Fears

Tokyo's key Nikkei index plunged as much as 2.6 percent at the open on Monday as the yen surged against the dollar on escalating US-China trade tensions. The Nikkei 225 was down 2.56 percent, or 529.86 points, to 20,181.05 in early trade, while the broader Topix index lost 2.45 percent, or 36.78 points, to 1,465.47. Source : AFP

Gold Touches Over Six-Year Peak as Risk-Off Appetite Stoked

Gold prices jumped to a fresh six-year high on Monday as the announcement of new tariffs in the escalating Sino-U.S. trade war sent equity markets tumbling, and investors rushing for safe-haven assets. Spot gold jumped 1.2% to $1,544 per ounce as of 0141 GMT, having earlier touched $1,554.56 an ounce, its highest since April 2013. U.S. gold futures were up 1.1% at $1,554.90 an ounce. On Friday, U.S. President Donald Trump announced a 5% additional duty on $550 billion in targeted Chinese...

Asia Shares Sink, Bonds Surge as Trade Fears Mount

Asian shares were a sea of red on Monday as the latest salvo in the Sino-U.S. trade war shook confidence in the world economy and sent investors steaming to the safe harbors of sovereign bonds, gold and the Japanese yen. Yields on benchmark 10-year Treasury debt dropped to their lowest since mid-2016, while gold hit its highest since April 2013 as risk was shunned. The Chinese yuan also came under pressure, with the dollar quoted up at 7.1710 and markets braced for more intervention from...

Nikkei Tumbles to 3-Week Low as U.S.-China Trade War Worsens

Japanese shares shed more than 2% on Monday, with China-related firms leading the losses after a fresh escalation in the Sino-U.S. trade war knocked global equities markets. The Nikkei share average fell as much as 2.6% to 20,173.76, its lowest level since Aug. 6, before ending the morning session at 20,258.92, 2.2% lower on the day. China on Friday imposed tariffs on about $75 billion in imports from the United States including some agricultural products, crude oil and small...

North Korea Tests New 'Tactical Guided Weapon'
Thursday, 18 April 2019 12:55 WIB | GLOBAL |Global

SEOUL, SOUTH KOREA -- North Korea has tested a new œtactical guided weapon, the latest display of Pyongyang™s military capabilities, state media reported Thursday.

Kim Jong Un supervised and guided the Wednesday test, calling it an operation of œvery weighty significance, the official Korean Central News Agency said.

The KCNA report did not elaborate on the type of weapon tested, but the phrase œtactical suggests it is not a ballistic missile.

Still, the test could be seen as a warning to the United States, amid an impasse in talks over North Korea™s nuclear program.

œKim is trying to make a statement to the Trump administration that his military potential is growing by the day, and that his regime is becoming frustrated with Washington™s lack of flexibility in recent negotiations, says Harry Kazianis, director of Korean Studies at the Center for the National Interest.

A U.S. military official said late Wednesday the Pentagon is aware of the reported test, but has no further comment.

North Korea has not carried out a nuclear or long-range missile test for well over a year, since Kim began talks with the United States and South Korea.

Instead, the North has carried out smaller provocations. In November, Kim oversaw the test of what KCNA also referred to as a newly developed œhigh-tech tactical weapon. U.S. officials later played down the significance of that test.

Source: VOA news

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POPULAR NEWS
Yen Surges, Offshore Yuan Tumbles as Trade War Intensifies

The yen surged on Monday as investors flocked to safe-haven assets after a sharp re-escalation in the U.S.-China trade war, which whacked investor confidence and darkened the global economic outlook. The yuan also tumbled in offshore trade, weighed by expectations of a deeper slowdown in China as the world™s two-largest economies exchanged barbs over trade. The Swiss franc and gold, two assets sought during times of heightened risk aversion, shot up in early Asian trade. The yen surged to...

Tokyo's Nikkei Opens Down 2.6% as Yen Surges on Trade Fears

Tokyo's key Nikkei index plunged as much as 2.6 percent at the open on Monday as the yen surged against the dollar on escalating US-China trade tensions. The Nikkei 225 was down 2.56 percent, or 529.86 points, to 20,181.05 in early trade, while the broader Topix index lost 2.45 percent, or 36.78 points, to 1,465.47. Source : AFP

Gold Touches Over Six-Year Peak as Risk-Off Appetite Stoked

Gold prices jumped to a fresh six-year high on Monday as the announcement of new tariffs in the escalating Sino-U.S. trade war sent equity markets tumbling, and investors rushing for safe-haven assets. Spot gold jumped 1.2% to $1,544 per ounce as of 0141 GMT, having earlier touched $1,554.56 an ounce, its highest since April 2013. U.S. gold futures were up 1.1% at $1,554.90 an ounce. On Friday, U.S. President Donald Trump announced a 5% additional duty on $550 billion in targeted Chinese...

Asia Shares Sink, Bonds Surge as Trade Fears Mount

Asian shares were a sea of red on Monday as the latest salvo in the Sino-U.S. trade war shook confidence in the world economy and sent investors steaming to the safe harbors of sovereign bonds, gold and the Japanese yen. Yields on benchmark 10-year Treasury debt dropped to their lowest since mid-2016, while gold hit its highest since April 2013 as risk was shunned. The Chinese yuan also came under pressure, with the dollar quoted up at 7.1710 and markets braced for more intervention from...

Nikkei Tumbles to 3-Week Low as U.S.-China Trade War Worsens

Japanese shares shed more than 2% on Monday, with China-related firms leading the losses after a fresh escalation in the Sino-U.S. trade war knocked global equities markets. The Nikkei share average fell as much as 2.6% to 20,173.76, its lowest level since Aug. 6, before ending the morning session at 20,258.92, 2.2% lower on the day. China on Friday imposed tariffs on about $75 billion in imports from the United States including some agricultural products, crude oil and small...

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