Source: International Business Times
Alibaba led tech losses in Hong Kong after its earnings disappointed traders AFP Markets limped into the weekend as investors consolidated gains fed by the China-US trade war hiatus, having enjoyed one of their best weeks since Donald Trump unloaded his "Liberation Day" tariff bazooka last month. The dollar edged down after data showed US wholesale prices rose less than expected last month and retail sales were flat -- following below-forecast consumer inflation figures -- providing hope the Federal Reserve could cut interest rates this year. Oil prices inched up, though they remain subdued after sinking Thursday on hopes for a breakthrough in Iran nuclear talks after Trump said progress had been made on a deal.
