Tag: Yahoo Finance

Global Markets: Asian shares give up gains as HK chaos hits sentiment

Asian shares reversed gains on Monday, the yen ticked higher and gold jumped as fresh violence broke out in Hong Kong, while uncertainty still remained over whether the United States and China could end their damaging trade war. Hong Kong's Hang Seng index led the losses in Asia, down more than 1%, after police fired live rounds at protestors on the eastern side of Hong Kong island. Cable TV and other Hong Kong media reported at least one protester being wounded....

Oil slips as trade worries offset Cushing drawdown

Oil prices edged lower on Monday as little progress on U.S.-China trade negotiations kept prices pressured, but bullish inventory data in the United States offered some support. U.S. West Texas Intermediate (WTI) crude fell 38 cents to settle at $56.86 a barrel. U.S. President Donald Trump said on Saturday that trade talks with China were moving along "very nicely" but the United States would only make a deal if it was the right one for America....