Asian shares bounce in choppy trade, trade war worries remain

Asian shares clawed back earlier losses on Tuesday as China made a fresh attempt to stabilise its stock markets although activity was choppy with investors cautious about further escalations in the Sino-U.S. trade war. Financial spreadbetters expect London’s FTSE <.FTSE> to open almost flat, Frankfurt’s DAX <.DAX> to rise 0.1 percent, and Paris’s CAC <.FCHI>
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Asian spot prices for liquefied natural gas fell to an over two-month low this week amid increased supply and lower demand especially in Japan which is expecting a warmer-than-usual winter and the restart of nuclear reactors. High freight rates are also weighing on Asian demand, with deliveries of LNG heading to northwest Europe instead. December
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Some Asian flour mills are looking to lock in wheat supplies until well into the middle of 2019, potentially shaking off a years-long trend for hand-to-mouth buying as global output is set to drop for the first time in six years. World wheat supplies are forecast to tighten in the second quarter of 2019 as
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After a slump in U.S. stocks, Asia’s main equity gauge has finally succumbed, entering a bear market overnight. The region’s equities have already lost more than $4.9 trillion in value this year, and Thursday isn’t looking pretty. The MSCI Asia Pacific Index fell 2 percent as of 4:30p.m. in Hong Kong, taking its slide from
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Asian spot liquefied natural gas (LNG) prices eased slightly over the past week as healthy supplies going into the northern hemisphere’s autumn season countered upward pressure from a bullish oil market. Spot prices for November delivery LNG-AS dipped by 10 cents to $11 per million British thermal units (mmBtu), industry sources said. That slip came
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China remained the trading nation best connected to others by sea in 2018 according to UNCTAD’s latest Liner Shipping Connectivity Index (LSCI), released alongside the Review of Maritime Transport 2018. The country’s LSCI number has increased by 88% since UNCTAD first compiled the index in 2004. The best-connected territories for seaborne trade were all in
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Healthy economic growth will likely continue driving Asian oil and fuel demand growth in the coming decades, but the strong uptrend in international crude prices this year and the recent sharp depreciation in emerging market Asian currencies could hit regional consumer confidence in the short term, industry executives and market sources said Tuesday. Non-OECD and
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In Asia Pacific thermal coal circles it is known as the “great decoupling” and refers to the yawning gap between spot traded prices for Newcastle 6,000 NAR thermal coal and another grade of Newcastle thermal coal, 5,500 kcal/kg NAR. That gap has blown out to an unprecedented $50/mt, from only $10/mt in early February, and
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A total of seven incidents of armed robbery against ships were reported in Asia in July 2018, Asian piracy watchdog ReCAAP ISC informed. During the month, seven actual incidents were reported. All have been verified and reported to the ReCAAP ISC by ReCAAP Focal Points and Contact Point. There has been an increase in the
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Asian spot LNG prices averaged $9.58/MMBtu last week, down by 6.99% from the previous week and falling below the $10/MMBtu mark for the first time since mid-June. Sufficient stockpiles at terminals softened demand among buyers. Robust gas-fired power generation in China pushed up end-user prices for trucked LNG in 17 of the country’s 19 major
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