Saudi woman fleeing alleged abuse heads to Canada for asylum

It wasn’t immediately clear what prompted Alqunon to choose Canada over Australia. Australia’s Education Minister Dan Tehan said Saturday that Australia had moved quickly to process her case but Canada decided to take her in. It got enough public and diplomatic support that Thai officials admitted her temporarily under the protection of U.N. officials, who granted her refugee status Wednesday. No country, including the U.S., spoke out publicly in support of Canada in that spat with the Saudis. A


It wasn’t immediately clear what prompted Alqunon to choose Canada over Australia. Australia’s Education Minister Dan Tehan said Saturday that Australia had moved quickly to process her case but Canada decided to take her in. It got enough public and diplomatic support that Thai officials admitted her temporarily under the protection of U.N. officials, who granted her refugee status Wednesday. No country, including the U.S., spoke out publicly in support of Canada in that spat with the Saudis. A
Saudi woman fleeing alleged abuse heads to Canada for asylum Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-12  Authors: lilian suwanrumpha, afp, getty images
Keywords: news, cnbc, companies, woman, asylum, support, thai, surachate, heads, womens, officials, alleged, saudi, australia, abuse, rights, refugee, fleeing, canada, case


Saudi woman fleeing alleged abuse heads to Canada for asylum

Several other countries, including Australia, had been in talks with the U.N.’s refugee agency to accept Alqunun, Surachate said earlier in the day.

“She chose Canada. It’s her personal decision,” he said.

Canada’s ambassador had seen her off at the airport, Surachate said, adding that she looked happy and healthy.

She thanked everyone for helping her, he said, and added that the first thing she would do upon arrival in Canada would be to start learning the language. She already speaks more than passable English, in addition to Arabic.

The office of the U.N. High Commissioner for Refugees welcomed Canada’s decision.

“The quick actions over the past week of the government of Thailand in providing temporary refuge and facilitating refugee status determination by UNHCR, and of the government of Canada in offering emergency resettlement to Ms. Alqunun and arranging her travel were key to the successful resolution of this case,” the agency said in a statement.

It wasn’t immediately clear what prompted Alqunon to choose Canada over Australia. Australian media reported that UNHCR had withdrawn its referral for Alqunon to be resettled in Australia because Canberra was taking too long to decide on her asylum.

UNHCR officials were not immediately available for comment. Australia’s Education Minister Dan Tehan said Saturday that Australia had moved quickly to process her case but Canada decided to take her in. He added that, ultimately, the outcome was a good one. “She’s going to be safe,” he said.

Phil Robertson, deputy Asia director of Human Rights Watch, cited Alqunun’s “courage and perseverance.”

“This is so much a victory for everyone who cares about respecting and promoting women’s rights, valuing the independence of youth to forge their own way, and demanding governments operate in the light and not darkness,” he said in a statement.

Alqunun was stopped Jan. 5 at Bangkok’s Suvarnabhumi Airport by immigration police who denied her entry and seized her passport.

She barricaded herself in an airport hotel room and took her plight onto social media. It got enough public and diplomatic support that Thai officials admitted her temporarily under the protection of U.N. officials, who granted her refugee status Wednesday.

Alqunun’s father arrived in Bangkok on Tuesday, but his daughter refused to meet with him. Surachate said the father — whose name has not been released — denied physically abusing Alqunun or trying to force her into an arranged marriage, which were among the reasons she gave for her flight. He said Alqunun’s father wanted his daughter back but respected her decision.

“He has 10 children. He said the daughter might feel neglected sometimes,” Surachate said.

Canada’s decision to grant her asylum could further upset the country’s relations with Saudi Arabia.

In August, Saudi Arabia expelled Canada’s ambassador to the kingdom and withdrew its own ambassador after Canada’s Foreign Ministry tweeted support for women’s right activists who had been arrested. The Saudis also sold Canadian investments and ordered their citizens studying in Canada to leave.

No country, including the U.S., spoke out publicly in support of Canada in that spat with the Saudis.

On Friday, Trudeau avoided answering a question about what the case would mean for relations with the kingdom, but he said Canada will always unequivocally stand up for human rights and women’s rights around the world.

Canadian officials were reluctant to comment further until she landed safely in Canada.

Alqunun had previously said on Twitter that she wanted to seek refuge in Australia.

Australian Foreign Minister Marise Payne met Thursday with senior Thai officials in Bangkok. She later said Australia was assessing Alqunun’s resettlement request.

Payne said she also raised Australia’s concerns with Thai officials about Hakeem al-Araibi, a 25-year-old former member of Bahrain’s national soccer team who was granted refugee status in Australia in 2017 after fleeing his homeland, where he said he was persecuted and tortured.

He was arrested while vacationing in Thailand in November due to an Interpol notice in which Bahrain sought his custody after he was sentenced in absentia in 2014 to 10 years in prison for allegedly vandalizing a police station — a charge he denies. Bahrain is seeking his extradition.

Al-Araibi’s case is being considered by Thailand’s justice system, she said.


Company: cnbc, Activity: cnbc, Date: 2019-01-12  Authors: lilian suwanrumpha, afp, getty images
Keywords: news, cnbc, companies, woman, asylum, support, thai, surachate, heads, womens, officials, alleged, saudi, australia, abuse, rights, refugee, fleeing, canada, case


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Australian shoppers boost November retail sales to five-month highs

Australian retail sales jumped to the highest in five months in November boosted by pre-Christmas shopping, an indication private consumption bounced in the final quarter of 2018. Retail sales rose a seasonally adjusted 0.4 percent in November from October, data from the Australian Bureau of Statistics (ABS) showed on Friday, better than economists’ expectations of a modest 0.3 percent rise. “Both of these industries were impacted by strong promotional activity in the November month, including B


Australian retail sales jumped to the highest in five months in November boosted by pre-Christmas shopping, an indication private consumption bounced in the final quarter of 2018. Retail sales rose a seasonally adjusted 0.4 percent in November from October, data from the Australian Bureau of Statistics (ABS) showed on Friday, better than economists’ expectations of a modest 0.3 percent rise. “Both of these industries were impacted by strong promotional activity in the November month, including B
Australian shoppers boost November retail sales to five-month highs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: scott barbour, getty images
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Australian shoppers boost November retail sales to five-month highs

Australian retail sales jumped to the highest in five months in November boosted by pre-Christmas shopping, an indication private consumption bounced in the final quarter of 2018.

Retail sales rose a seasonally adjusted 0.4 percent in November from October, data from the Australian Bureau of Statistics (ABS) showed on Friday, better than economists’ expectations of a modest 0.3 percent rise. October sales were unrevised to show a 0.3 percent gain.

The better-than-expected outcome was enough to send the Australian dollar about 20 pips higher to $0.7205, a level not seen since mid-December.

Household goods retailing and clothing led the rises with gains of 1.2 percent and 1.5 percent, respectively.

“Both of these industries were impacted by strong promotional activity in the November month, including Black Friday sales,” the ABS said.

Even so, Australia’s retail sector faces several headwinds amid a downturn in the country’s once-red hot property market, sluggish wage growth and stratospheric household debt.

In a sign of the times, a string of Australian retailers have gone under recently including Marcs, Pumpkin Patch, Payless Shoes and Roger David while department store Myer has been struggling to turn around.

Just this month apparel retailer Kathmandu posted weaker-than-expected Christmas sales in Australia and New Zealand, disappointing investors who sent its shares to 10-month lows.

Indeed, the Reserve Bank of Australia (RBA) has singled out household consumption as a “continuing source of uncertainty” with wage growth stuck at around 2 percent.

That is one reason it has left interest rates at a record low 1.50 percent since last easing in August 2016.


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: scott barbour, getty images
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UN interviews Saudi teen seeking asylum in Thailand

“It could take several days to process the case and determine next steps,” UNHCR’s Thailand representative Giuseppe de Vincentiis said in a statement. Qunun’s plight unfolded on social media, drawing support from around the world, which convinced Thai authorities to back down from sending her back to Saudi Arabia. Saudi Arabia’s embassy in Thailand denied reports that Riyadh had requested her extradition. In Australia, a senator, Sarah Hanson-Young, called on her government, through social media


“It could take several days to process the case and determine next steps,” UNHCR’s Thailand representative Giuseppe de Vincentiis said in a statement. Qunun’s plight unfolded on social media, drawing support from around the world, which convinced Thai authorities to back down from sending her back to Saudi Arabia. Saudi Arabia’s embassy in Thailand denied reports that Riyadh had requested her extradition. In Australia, a senator, Sarah Hanson-Young, called on her government, through social media
UN interviews Saudi teen seeking asylum in Thailand Cached Page below :
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Keywords: news, cnbc, companies, bangkok, teen, interviews, saudi, travel, thailand, refugee, social, seeking, women, asylum, australia, case


UN interviews Saudi teen seeking asylum in Thailand

The U.N. refugee agency on Tuesday said it was investigating the case of an 18-year-old Saudi woman who fled to Thailand saying she feared her family would kill her and barricaded herself in a Bangkok airport hotel room to avoid being sent back.

Lawmakers and activists in Australia and Britain urged their governments to grant asylum to Rahaf Mohammed al-Qunun, who was finally allowed by Thailand to enter the country late on Monday, after nearly 48 hours stranded at Bangkok airport under threat of being expelled.

She is staying in a Bangkok hotel with her application for refugee status being processed by the United Nations refugee agency (UNHCR) before she can seek asylum in a third country.

UNHCR staff were interviewing her on Tuesday after meeting her the day before.

“It could take several days to process the case and determine next steps,” UNHCR’s Thailand representative Giuseppe de Vincentiis said in a statement.

“We are very grateful that the Thai authorities did not send back (Qunun) against her will and are extending protection to her,” he said.

The case has drawn new global attention to Saudi Arabia’s strict social rules, including a requirement that women have the permission of a male “guardian” to travel, which rights groups say can trap women and girls as prisoners of abusive families.

It comes at a time when Riyadh is facing unusually intense scrutiny from its Western allies over the killing of a journalist at its consulate in Istanbul in October and over the humanitarian consequences of its war in Yemen.

Qunun’s plight unfolded on social media, drawing support from around the world, which convinced Thai authorities to back down from sending her back to Saudi Arabia.

Saudi Arabia’s embassy in Thailand denied reports that Riyadh had requested her extradition.

In Australia, a senator, Sarah Hanson-Young, called on her government, through social media, to issue Qunun an emergency travel document so she could fly to Australia to seek asylum.

The Australian government said it was monitoring the case closely highlighting that “the claims made by Ms Al-Qunun that she may be harmed if returned to Saudi Arabia are deeply concerning”, said a spokesperson for the Department of Foreign Affairs and Trade.

A woman in Britain had launched an online petition calling on Foreign Secretary Jeremy Hunt to grant Qunan asylum and issue her an emergency travel document.

Within hours of launching the petition it had secured thousands of signatures.


Company: cnbc, Activity: cnbc, Date: 2019-01-08
Keywords: news, cnbc, companies, bangkok, teen, interviews, saudi, travel, thailand, refugee, social, seeking, women, asylum, australia, case


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Hong Kong and Australia close out 2018 with annual declines

Stocks in Asia were mixed on the final day of 2018, as most major markets around the globe were set to record calendar year declines. Hong Kong’s Hang Seng index rose 1.34 percent to finish the trading year at 25,845.70. The day’s gains, however, were unable to offset the index’s performance for 2018 — with it declining about 13.61 percent as compared to its final close of 2017. Hong Kong’s markets closed at 12:00 p.m. HK/SIN today for New Year’s Eve. The benchmark Australian index ended 2018 lo


Stocks in Asia were mixed on the final day of 2018, as most major markets around the globe were set to record calendar year declines. Hong Kong’s Hang Seng index rose 1.34 percent to finish the trading year at 25,845.70. The day’s gains, however, were unable to offset the index’s performance for 2018 — with it declining about 13.61 percent as compared to its final close of 2017. Hong Kong’s markets closed at 12:00 p.m. HK/SIN today for New Year’s Eve. The benchmark Australian index ended 2018 lo
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Hong Kong and Australia close out 2018 with annual declines

Stocks in Asia were mixed on the final day of 2018, as most major markets around the globe were set to record calendar year declines.

Hong Kong’s Hang Seng index rose 1.34 percent to finish the trading year at 25,845.70. The day’s gains, however, were unable to offset the index’s performance for 2018 — with it declining about 13.61 percent as compared to its final close of 2017. Hong Kong’s markets closed at 12:00 p.m. HK/SIN today for New Year’s Eve.

The ASX 200 in Australia, meanwhile, slipped 0.14 percent to close out 2018 at 5,646.40. The benchmark Australian index ended 2018 lower by 6.9 percent as compared to its final close of 2017. Australia’s markets closed at 11:10 a.m. HK/SIN today for New Year’s Eve.

On Monday, the materials subindex Down Under gained 0.4 percent, as shares of major miners advanced. Rio Tinto rose 0.50 percent, Fortescue advanced 1.21 percent and BHP Billiton climbed up by 0.82 percent.

Markets in Japan, South Korea and mainland China were closed.


Company: cnbc, Activity: cnbc, Date: 2018-12-31  Authors: eustance huang
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Asian stocks trade mixed following Wall Street turbulence

Shares in Asia mostly traded mixed on Friday morning following a turbulent session on Wall Street that saw the Dow Jones Industrial Average plunge more than 600 points at its low. The mainland Chinese markets, closely watched in relation to the Sino-U.S. trade war, were cautious in early trade. The ASX 200 in Australia gained 0.55 percent, with the sectors mostly higher. The heavily weighted financial subindex rose 1.49 percent as shares of Australia’s so-called Big Four banks saw gains. Austral


Shares in Asia mostly traded mixed on Friday morning following a turbulent session on Wall Street that saw the Dow Jones Industrial Average plunge more than 600 points at its low. The mainland Chinese markets, closely watched in relation to the Sino-U.S. trade war, were cautious in early trade. The ASX 200 in Australia gained 0.55 percent, with the sectors mostly higher. The heavily weighted financial subindex rose 1.49 percent as shares of Australia’s so-called Big Four banks saw gains. Austral
Asian stocks trade mixed following Wall Street turbulence Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: eustance huang
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Asian stocks trade mixed following Wall Street turbulence

Shares in Asia mostly traded mixed on Friday morning following a turbulent session on Wall Street that saw the Dow Jones Industrial Average plunge more than 600 points at its low.

The mainland Chinese markets, closely watched in relation to the Sino-U.S. trade war, were cautious in early trade. The Shanghai composite was largely flat while the Shenzhen composite saw a 0.322 percent decline and the Shenzhen component slipped 0.380 percent.

Meanwhile, Hong Kong’s Hang Seng index traded slightly higher and South Korea’s Kospi gained 0.44 percent.

The ASX 200 in Australia gained 0.55 percent, with the sectors mostly higher. The heavily weighted financial subindex rose 1.49 percent as shares of Australia’s so-called Big Four banks saw gains. Australia and New Zealand Banking Group climbed up by 1.27 percent, Commonwealth Bank of Australia rose 1.46 percent, Westpac gained 1.82 percent and National Australia Bank advanced 1.78 percent.

Japan’s Nikkei 225 and Topix index, however, both slipped around 0.6 percent in morning trade after two straight days of gains. Shares of Fast Retailing, the company behind the Uniqlo chain of apparel stores, lost their earlier gains to drop about 1.6 percent.

The moves in Japan came after the country’s central bank released its summary of opinions from its December monetary policy meeting, where it noted the “heightening” of downside risks to economic activity.

“Regarding the outlook for the global economy, risks have been tilted to the downside on the whole amid heightening uncertainties and a prevailing view that such situation will be protracted,” said the note from the Bank of Japan.


Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: eustance huang
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Japan leads declines amid broad slip in Asian stocks

Stocks in Asia were broadly lower on Friday, with Japanese equities leading the fall. Shares of Japanese banks fell on the back of the Bank of Japan’s decision on Thursday to keep interest rate targets unchanged. Mitsubishi UFJ Financial Group shed 2.22 percent while Sumitomo Mitsui Financial Group dropped 2.21 percent. Japanese banks have suffered as a result of the central bank’s loose monetary policy, which has had the side effect of impacting the revenues of the country’s lenders. In Austral


Stocks in Asia were broadly lower on Friday, with Japanese equities leading the fall. Shares of Japanese banks fell on the back of the Bank of Japan’s decision on Thursday to keep interest rate targets unchanged. Mitsubishi UFJ Financial Group shed 2.22 percent while Sumitomo Mitsui Financial Group dropped 2.21 percent. Japanese banks have suffered as a result of the central bank’s loose monetary policy, which has had the side effect of impacting the revenues of the country’s lenders. In Austral
Japan leads declines amid broad slip in Asian stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: eustance huang
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Japan leads declines amid broad slip in Asian stocks

Stocks in Asia were broadly lower on Friday, with Japanese equities leading the fall.

The Nikkei 225 fell 1.11 percent on the day as it closed at 20,166.19, while the Topix index declined by 1.91 percent to finish its trading week at 1,488.19. The benchmark Nikkei 225 dropped more than 2.5 percent in the previous trading session.

Shares of Japanese banks fell on the back of the Bank of Japan’s decision on Thursday to keep interest rate targets unchanged. Mitsubishi UFJ Financial Group shed 2.22 percent while Sumitomo Mitsui Financial Group dropped 2.21 percent. Japanese banks have suffered as a result of the central bank’s loose monetary policy, which has had the side effect of impacting the revenues of the country’s lenders.

Over in South Korea, the Kospi recovered from earlier losses to close slightly higher at 2,061.49 — up 0.07 percent.

In Australia, the ASX 200 lost its earlier gains to close 0.69 percent lower at 5,467.6, with most sectors slipping. Shares of the country’s so-called Big Four banks declined, with Australia and New Zealand Banking Group, Westpac and National Australia Bank all seeing declines of at least 1 percent.


Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: eustance huang
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Chinese banks drag Shanghai lower; Japan slips more than 2.5 percent

Stocks in Asia were broadly lower on Thursday after the U.S. Federal Reserve raised interest rates for the fourth time in 2018. China’s central bank decided to keep short-term borrowing rates steady on Thursday,a day after announcing measures to encourage lending to small firms. Meanwhile, South Korea’s Kospi shed 0.9 percent, as shares of LG Electronics declined by 4.13 percent. And in Australia, the ASX 200 fell 1.34 percent to close at 5,505.8, with shares of the country’s so-called Big Four


Stocks in Asia were broadly lower on Thursday after the U.S. Federal Reserve raised interest rates for the fourth time in 2018. China’s central bank decided to keep short-term borrowing rates steady on Thursday,a day after announcing measures to encourage lending to small firms. Meanwhile, South Korea’s Kospi shed 0.9 percent, as shares of LG Electronics declined by 4.13 percent. And in Australia, the ASX 200 fell 1.34 percent to close at 5,505.8, with shares of the country’s so-called Big Four
Chinese banks drag Shanghai lower; Japan slips more than 2.5 percent Cached Page below :
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Chinese banks drag Shanghai lower; Japan slips more than 2.5 percent

Stocks in Asia were broadly lower on Thursday after the U.S. Federal Reserve raised interest rates for the fourth time in 2018.

The mainland Chinese markets were mixed on the day, with the Shanghai composite slipping 0.52 percent to close at about 2,536.27 and the Shenzhen composite recovering from earlier losses to end the trading day up by 0.202 percent at around 1,297.10.

China’s central bank decided to keep short-term borrowing rates steady on Thursday,a day after announcing measures to encourage lending to small firms.

Following the People’s Bank of China’s move to spur lending to small businesses, Shanghai-listed shares of major banks declined as Industrial and Commercial Bank of China fell 1.88 percent, Agricultural Bank of China shed 0.57 percent and China Construction Bank dropped 2.14 percent. Financial stocks make up nearly 40 percent of the Shanghai composite.

Hong Kong’s Hang Seng index fell 1.05 percent, as of its final hour of trade, with Hong Kong-listed shares of HSBC declining by around 1 percent.

Meanwhile, Japan’s Nikkei 225 slipped 2.84 percent to close at 20,392.58 while the Topix index declined by 2.51 percent to finish the trading day at 1,517.16. Shares of conglomerate Softbank Group continued to remain under pressure on Thursday as they slipped 4.72 percent, a day after the lackluster public debut of its mobile unit on Wednesday.

Shares of the newly listed Softbank Corp fell as much as 8 percent earlier on Thursday, according to Reuters, before recovering to see gains of 1.09 percent on the day.

Meanwhile, South Korea’s Kospi shed 0.9 percent, as shares of LG Electronics declined by 4.13 percent. John Ko, an analyst at NH Investment and Securities, estimated a 15 percent year-on-year decline in fourth quarter operating profit for LG Electronics, citing weakness in sectors such as its television and smartphone divisions.

And in Australia, the ASX 200 fell 1.34 percent to close at 5,505.8, with shares of the country’s so-called Big Four banks seeing declines. Australia and New Zealand Banking Group fell 1.63 percent, National Australia Bank slipped 0.99 percent, Commonwealth Bank of Australia shed 0.69 percent and Westpac lost 1.07 percent.


Company: cnbc, Activity: cnbc, Date: 2018-12-20  Authors: eustance huang
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Asian stocks take a breather after days of declines

The hard-hit mainland Chinese markets ended the trading day mostly unchanged, with both the Shanghai composite and the Shenzhen composite largely flat at around 2,605.89 and about 1,350.70, respectively. Shares of Softbank, which saw significant declines in the previous trading day, extended losses as it fell 2.09 percent on the day. The ASX 200 in Australia rose 0.42 percent to close at 5,681.50, with almost sectors in positive territory. That was a rebound from Thursday, when the index saw dec


The hard-hit mainland Chinese markets ended the trading day mostly unchanged, with both the Shanghai composite and the Shenzhen composite largely flat at around 2,605.89 and about 1,350.70, respectively. Shares of Softbank, which saw significant declines in the previous trading day, extended losses as it fell 2.09 percent on the day. The ASX 200 in Australia rose 0.42 percent to close at 5,681.50, with almost sectors in positive territory. That was a rebound from Thursday, when the index saw dec
Asian stocks take a breather after days of declines Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-07  Authors: eustance huang
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Asian stocks take a breather after days of declines

Shares in Asia were mostly higher on Friday on the back of a report suggesting the U.S. Federal Reserve could consider a slower tempo of increasing interest rates than had been previously expected.

The hard-hit mainland Chinese markets ended the trading day mostly unchanged, with both the Shanghai composite and the Shenzhen composite largely flat at around 2,605.89 and about 1,350.70, respectively.

Meanwhile, the Hang Seng index in Hong Kong traded down by around 0.1 percent as of its final hour of trade.

Japan’s Nikkei 225 rose 0.82 percent to close at 21,678.68 while the Topix index gained 0.61 percent to finish the trading week at 1,620.45.

Shares of Softbank, which saw significant declines in the previous trading day, extended losses as it fell 2.09 percent on the day. The company had earlier announced that there was no change in its earnings and dividend forecasts after a mobile service outage on Thursday.

Over in South Korea, the Kospi gained 0.34 percent to close at 2,075.76, with shares of chipmaker SK Hynix rising 1.21 percent.

The ASX 200 in Australia rose 0.42 percent to close at 5,681.50, with almost sectors in positive territory. That was a rebound from Thursday, when the index saw declines amid a broader sell-off across the Asia Pacific region.

Shares of Australia’s so-called Big Four banks saw gains on the day. Australia and New Zealand Banking Group rose 0.16 percent, Commonwealth Bank of Australia gained 1.00 percent while Westpac advanced 0.23 percent and National Australia Bank climbed up by 0.25 percent.


Company: cnbc, Activity: cnbc, Date: 2018-12-07  Authors: eustance huang
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Asian stocks mostly decline as ‘warm fuzzy feeling’ of US-China trade agreement fades

Stocks in Asia slipped Tuesday afternoon amid uncertainty about the future of U.S.-China trade relations. The mainland Chinese markets, which have been closely watched in relation to Beijing’s trade war with Washington, were largely unchanged by the end of the morning session. Elsewhere in Asia, Japan’s Nikkei 225 fell by 1.28 percent in afternoon trade while the Topix index shed 1.59 percent. Over in Australia, the ASX 200 traded down by 0.92 percent in the afternoon, with almost all sectors in


Stocks in Asia slipped Tuesday afternoon amid uncertainty about the future of U.S.-China trade relations. The mainland Chinese markets, which have been closely watched in relation to Beijing’s trade war with Washington, were largely unchanged by the end of the morning session. Elsewhere in Asia, Japan’s Nikkei 225 fell by 1.28 percent in afternoon trade while the Topix index shed 1.59 percent. Over in Australia, the ASX 200 traded down by 0.92 percent in the afternoon, with almost all sectors in
Asian stocks mostly decline as ‘warm fuzzy feeling’ of US-China trade agreement fades Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: eustance huang
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Asian stocks mostly decline as 'warm fuzzy feeling' of US-China trade agreement fades

Stocks in Asia slipped Tuesday afternoon amid uncertainty about the future of U.S.-China trade relations.

The mainland Chinese markets, which have been closely watched in relation to Beijing’s trade war with Washington, were largely unchanged by the end of the morning session. Both the Shanghai composite and the Shenzhen composite were near flat.

In Hong Kong, the Hang Seng index slipped 0.26 percent.

Elsewhere in Asia, Japan’s Nikkei 225 fell by 1.28 percent in afternoon trade while the Topix index shed 1.59 percent.

Shares of automaker Nissan slipped 0.69 percent following a Reuters report that the company’s external board is set to meet today to discuss a replacement for arrested former Chairman Carlos Ghosn. The Sankei newspaper reported that Tokyo prosecutors were planning to arrest Ghosn amid new claims that he understated his income, according to Reuters.

Meanwhile in South Korea, the Kospi slipped 0.72 percent.

Over in Australia, the ASX 200 traded down by 0.92 percent in the afternoon, with almost all sectors in negative territory.

The heavily weighted financial subindex in Australia slipped more than 1 percent. Shares of the country’s so-called Big Four banks saw losses: Australia and New Zealand Banking Group slipped 1.16 percent, Westpac fell 1.28 percent, National Australia Bank traded down by 1.02 percent and Commonwealth Bank of Australia declined by 1.03 percent.

The Reserve Bank of Australia announced earlier than it was keeping the cash rate unchanged at 1.50 percent, with the central bank’s Governor Philip Lowe saying in a media release that “the low level of interest rates is continuing to support the Australian economy.”

“Further progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual,” Lowe said in the release.


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: eustance huang
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Asia trades cautiously ahead of crucial Trump-Xi talks at G-20 summit

Japan’s Nikkei 225 was up 0.25 percent while the Topix index rose 0.23 percent. In Australia, the benchmark ASX 200 slipped 0.7 percent in morning trade, with most sectors declining. The session in Asia follows a lower finish on Wall Street, where the Dow Jones industrial average snapped a three-day winning streak. Trump told reporters Thursday that he was “close” to doing something on trade with China but added he wasn’t sure if he wanted to do it. “Because what we have right now is billions an


Japan’s Nikkei 225 was up 0.25 percent while the Topix index rose 0.23 percent. In Australia, the benchmark ASX 200 slipped 0.7 percent in morning trade, with most sectors declining. The session in Asia follows a lower finish on Wall Street, where the Dow Jones industrial average snapped a three-day winning streak. Trump told reporters Thursday that he was “close” to doing something on trade with China but added he wasn’t sure if he wanted to do it. “Because what we have right now is billions an
Asia trades cautiously ahead of crucial Trump-Xi talks at G-20 summit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, wrote, morning, ahead, trump, g20, trades, billions, summit, talks, trade, xi, australia, crucial, cautiously, asia, markets, trumpxi


Asia trades cautiously ahead of crucial Trump-Xi talks at G-20 summit

Asia Pacific markets were cautious Friday morning as investors waited for a highly-anticipated meeting between President Donald Trump and his Chinese counterpart Xi Jinping at the G-20 summit in Argentina, which many are hoping would help ease escalating trade tensions between the two countries.

Japan’s Nikkei 225 was up 0.25 percent while the Topix index rose 0.23 percent. South Korea’s Kospi traded fractionally higher at 2,116.04.

In Australia, the benchmark ASX 200 slipped 0.7 percent in morning trade, with most sectors declining. The heavily-weighted financial subindex was down 0.79 percent while the materials sector fell 0.15 percent.

The session in Asia follows a lower finish on Wall Street, where the Dow Jones industrial average snapped a three-day winning streak.

“Markets have been choppy this morning amid varying views on the prospect of any sort of trade deal this weekend between Trump and Xi at the G20,” David de Garis, director of economics and markets at the National Australia Bank, wrote in a morning note.

Trump told reporters Thursday that he was “close” to doing something on trade with China but added he wasn’t sure if he wanted to do it. “Because what we have right now is billions and billions of dollars coming into the United States in the form of tariffs or taxes, so I really don’t know,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, wrote, morning, ahead, trump, g20, trades, billions, summit, talks, trade, xi, australia, crucial, cautiously, asia, markets, trumpxi


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