Asian shares were led lower on Thursday as the Hong Kong market fell for second ...
TOKYO - Asian shares were led lower on Thursday as the Hong Kong market fell for second consecutive session following a day of massive street protests, while oil prices flirted with five-month lows due to higher U.S. crude inventories and a bleak demand outlook.
“There’s not even a plan of ministerial-level bilateral meetings ahead of the G20 summit. You can’t expect any major agreement,” said Hirokazu Kabeya, chief global strategist at Daiwa Securities. Japan’s Nikkei lost 0.8% while U.S. stock futures lost 0.3% in Asia, following small losses the previous day when the S&P 500 shed 0.20%.
U.S. West Texas Intermediate crude futures stood at $51.12 per barrel, compared to the previous day’s close of $50.72 a barrel, its weakest settlement since Jan. 14. Investors will be looking to what Fed policymakers will say after its next policy meeting on June 18-19, with Fed Funds rate futures pricing in a 25-basis-point rate cut for the subsequent policy review on July 30-31.
In Australia, long known for its high-yield currency, yields fell to record lows, with three-year yield now slipping below 1 percent.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Latest: Hong Kong police search protesters, bagsHONG KONG (AP) — Latest on the debate around Hong Kong extradition legislation (all times local): 5 p.m. Hong Kong police have been searching some protesters and their bags as the...
Read more »
Tensions simmer between Hong Kong riot police, protesters after day of violenceHong Kong riot police and protesters braced early on Thursday for possible furth...
Read more »
Opponents of Hong Kong Extradition Bill Plan Fresh Protests, StrikesOpponents of a proposed law that would allow people to be extradited to mainland China called for strikes and further protests this week, after the city’s leader vowed to push ahead with the bill despite hundreds of thousands of people marching against it.
Read more »
Thousands brave rain in fresh protests against Hong Kong extradition billThousands braved thunderstorms in Hong Kong on Tuesday for a fresh wave of prote...
Read more »
Protests continue in Hong Kong over extradition bill: What's at stake?Activists confronted Hong Kong police officers at the transit station after authorities stopped and searched people. The incident follows days of protests against an extradition bill that would allow the transfer of criminal suspects to mainland China.
Read more »
Has Hong Kong already lost its battle against Chinese authority?They are calling it Hong Kong’s “last battle” as authorities face massive opposition to a bill that would enable extradition to the mainland. But with China’s increasingly assertive approach to Hong Kong, the battle may already be lost.
Read more »