Asia shares steady; gold at record high as trade war ratchets up

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SINGAPORE: Asia shares rose on Friday and global markets attempted a rebound after a brutal selloff, while gold reached a record as an escalation of global trade tensions left investors nervous and sparked a flight to safe-haven assets.

Relief over the likely aversion of a U.S.government shutdown boosted stocks in early Asian trade, after Senate Democrat Chuck Schumer said he would vote to advance a Republican stopgap funding bill, signalling that his party would provide the necessary support.

The dollar was last up 0.3% against the yen at 148.25, though was set for a slight weekly loss against the Japanese currency as bets for more Bank of Japan (BOJ) rate hikes ramp up.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaGermanyHong KongJapanSingapore

Topics: Asia Markets Securities Equities Stock Trading /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-14 @ 11:28:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 730 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © The Star

News ID: 26976236

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