Taoist priest honours China's coronavirus dead with memorial tablets

LAIWU, China (Reuters) – In a room inside a hillside Taoist monastery in China’s Shandong province lies a collection of 558 memorial tablets inscribed with the names and home towns of people who died after contracting the coronavirus or while battling the pandemic. Some of them, like Li Wenliang, are household names in China. Others, […]

Global shares stabilise, try to shrug off U.S. tech rout scare

TOKYO/HONG KONG (Reuters) – Asian shares and U.S. stock futures regained some footing on Tuesday following a small bounce in European markets as investors looked to whether high-flying U.S. tech shares could recover from their recent rout. Japan’s Nikkei .N225 advanced 0.4% as revised data confirmed the nation had slumped into its worst postwar contraction, […]

Asian stocks approach two-year high on fresh U.S.-China trade hopes

SINGAPORE/HONG KONG (Reuters) – Renewed confidence in a Sino-U.S. trade deal after talks between the countries helped lift most Asian stocks on Tuesday, as did fresh vaccine hopes for a coronavirus vaccine, which boosted broader sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.18% and was trading just below a two-year high. […]

Asian stocks near two-year high as virus treatment hopes lift mood

SINGAPORE (Reuters) – Asia’s stock markets opened higher on Tuesday following a Wall Street rally driven by vaccine hopes, while the dollar found some support ahead of a key central bank speech. Also supporting the mood were statements from both China and the United States saying top-level trade representatives had held constructive talks over the […]

Waning European recovery saps stocks momentum, knocks euro

LONDON (Reuters) – Sombre economic numbers including euro zone data pointing to a faltering recovery doused global stock market gains on Friday and saw the euro recoil further from recent peaks. Global equities dipped into the red and the pan-European STOXX 600 gave away early gains to fall 0.6%, while U.S. futures pointed to a […]

Asian shares cautious as Sino-U.S. tensions weigh

SYDNEY (Reuters) – Asian stocks held tight ranges on Monday as worries over flaring tensions between the United States and China weighed on sentiment although signs of a recovery in industrial activity in the world’s second-largest economy capped losses. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS see-sawed between red and green but held […]

Gold hits record, gets more precious as dollar loses value

SYDNEY (Reuters) – Gold hurtled to record peaks on Tuesday before the sheer scale of its gains drew a burst of profit taking, which lifted the dollar from two-year lows and curbed early equity gains. The precious metal had stormed almost $40 higher at one point to reach $1,980 an ounce XAU=, only for a […]

Gold rockets toward $2,000 as Fed stimulus sinks dollar

SYDNEY (Reuters) – Gold rocketed to record peaks at $1,975 on Tuesday while the U.S. dollar plumbed two-year lows as investors wagered the Federal Reserve would reaffirm its super-easy policy outlook this week, and a tolerance for higher inflation. The prospect of endless stimulus allowed Asian shares to shake off coronavirus concerns and Sino-U.S. tensions […]