An investor monitors stock price movements at a securities company in Shanghai on May 8, 2019. Photo: Agence-France Presse

Shanghai extends losses for fifth day while Hong Kong finishes ahead, as traders battle nerves amid trade tensions

  • Markets partied at the opening over news the US Fed is open to rate cut if needed
  • But then, trade gloominess set back in
Topic |   China stock market

TOP PICKS

An investor monitors stock price movements at a securities company in Shanghai on May 8, 2019. Photo: Agence-France Presse
READ FULL ARTICLE
US Federal Reserve Board Chairman Jerome Powell speaking during a news conference on May 1, 2019 in Washington, DC. Photo: Getty Images/AFP

The US Federal Reserve is inching toward a cut in interest rate as Trump’s trade war with China tests financial markets’ patience

  • In separate comments on Tuesday, Fed chairman Jerome Powell and his No. 2, Richard Clarida, reassured nervous investors that they are watching closely for signs that trade war is denting the outlook for the world’s economy
  • Their remarks moved the Fed slightly closer to its first rate cut since 2008
Topic |   Federal Reserve

TOP PICKS

US Federal Reserve Board Chairman Jerome Powell speaking during a news conference on May 1, 2019 in Washington, DC. Photo: Getty Images/AFP
READ FULL ARTICLE