Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.
MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.
The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.
Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.
S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.
Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.
US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.
"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.
Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.
The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.
Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.
MORE STIMULUS
Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.
That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.
Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.
US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".
Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.
Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.
"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.
Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.
The dollar index dropped 0.3 percent to its lowest level in nearly two years.
The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.
Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.
Oil prices dipped on worries about the worsening Sino-US relations.
Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.
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Inna lillaahi wa inna ilaihi Rajioon.Visited him on Eid day,was very cheerful.
He was a great visionary known for his clean image, integrity and his concern for the society and the Community.
May Allah grant strength to his family and friends to over come this moment of grief
May Allah Grant him Jannat
Aameen........
Real Wonderful Man he was. RIP
As a politician he had sacrificed his life for the people and party. But his party leaders sacrificed him for their selfish gains.
ಲೋಕಾರ್ಪಣೆಗೊಳ್ಳುವ ಮುನ್ನವೇ ಅಲ್ಲಾಹನ ಕರೆಗೆ ಓಗೊಟ್ಟು ಇಂದು ನಮ್ಮನ್ನಗಲಿದ ಕರ್ನಾಟಕ ರಾಜ್ಯ ಕಂಡ ಸರಳ, ಸಜ್ಜನ ಮತ್ತು ನೇರ ನಡೆ ನುಡಿಯ ಪ್ರಾಮಾಣಿಕ ಮುಸ್ಲಿಮ್ ಸಮುದಾಯದ ಹೆಮ್ಮೆಯ ರಾಜಕಾರಣಿ......
ಇವರ ಮರಣವು ಸಮಾಜಕ್ಕೆ ತುಂಬಲಾರದ ನಷ್ಟ ಇವರು ಶಿಕ್ಷಣದಲ್ಲಿ ಯಾವ ರೀತಿ ಕ್ರಾಂತಿಯ ಅಲೆ ಎಬ್ಬಿಸಿದ್ದರೆಂದರೆ ದಕ್ಷಿಣ ಕನ್ನಡ ಜಿಲ್ಲೆಯಲ್ಲಿ ಮಾತ್ರವಲ್ಲ ಕರ್ನಾಟಕ ರಾಜ್ಯದಲ್ಲಿ ಶಿಕ್ಷಣದ ಅಲೆಯನ್ನೇ ಎಬ್ಬಿಸಿ , ಹಗಲಲ್ಲಿ ಖಾಲಿಯಾಗಿರುವ ಮದರಸಾಗಳಲ್ಲಿ ಆಂಗ್ಲ ಮಾಧ್ಯಮ ತರಗತಿಯನ್ನು ಪ್ರಾರಂಭಿಸಲು ಹೆಚ್ಚು ಒತ್ತು ನೀಡಿ , ಅಲ್ಪಸಂಖ್ಯಾತ ಸಮುದಾಯದಲ್ಲಿ ಶಿಕ್ಷಣದ ಕ್ರಾಂತಿ ಮೂಡಿಸಿದವರು. ಶಿಕ್ಷಣ ಸಚಿವರು ಆಗುವ ಮೊದಲು ಮತ್ತು ನಂತರವೂ ತನ್ನ ಜೀವನವನ್ನೇ ಈ ಸಮಾಜದ ಶಿಕ್ಷಣದ ಸಬಲೀಕರಣಕ್ಕಾಗಿ ಒತ್ತೆ ಇಟ್ಟ ಸರಳ , ಸಜ್ಜನ, ಪ್ರಾಮಾಣಿಕ ನಾಯಕ ..ಇವರ ಅಗಲುವಿಕೆಗೆ ಇಂದು ಬೆಳಗ್ಗೆ ಎಸ್.ಡಿ.ಪಿ.ಐ. ಜಿಲ್ಲಾ ಕಛೇರಿಯಲ್ಲಿ ಜಿಲ್ಲಾ ಸಮಿತಿ ಸಭೆ ಕರೆದು ಸಭೆಯಲ್ಲಿ ತೀವ್ರ ಸಂತಾಪ ಸೂಚಿಸುತ್ತಾ , ಸರ್ವಶಕ್ತನು ಅವರ ಸೇವೆಯನ್ನು ಸ್ವೀಕರಿಸಲಿ ಮತ್ತು ಇವರ ರಾಜಕೀಯ ಮತ್ತು ಸಾಮಾಜಿಕ ಜೀವನವು ಜನಪ್ರತಿನಿಧಿಗಳಿಗೆ ಮಾದರಿಯಾಗಲಿ .
تَمَزُّق
Allah yarhemuhu
RIP. He was anyway inactive in politics for a long time. But his departure from the active politics was a tragedy. We should not forgive Poojary, Moily, Oscar for cheating this rare politician.
ಮುತ್ಸದ್ದಿ, ಹಿರಿಯ ರಾಜಕಾರಣಿ, ಜಾತ್ಯಾತೀತ ಸಿದ್ದಾಂತದ ಪ್ರಬಲ ಪ್ರತಿಪಾದಕ ಬಿ ಎ ಮೊಯಿದ್ದೀನ್ ರವರ ನಿಧನ ದುಃಖಕರ. ಜಾತ್ಯಾತೀತತೆ, ಪ್ರಾಮಾಣಿಕತೆ, ಸರಳತೆಗಳು ರಾಜಕಾರಣದಲ್ಲಿ, ಸಮಾಜದಲ್ಲಿ ನಿಧಾನಕ್ಕೆ ಮರೆಯಾಗುತ್ತಿರುವ ಕಾಲಘಟ್ಟದಲ್ಲಿ ಒಂದು ಸಂಕೇತದಂತೆ ನಮ್ಮ ನಡುವೆ ಬದುಕಿದ್ದ ಶ್ರೀಯುತರ ನಿಧನ ನಿಜಕ್ಕೂ ಸಮಾಜಕ್ಕಾದ ಬಹುದೊಡ್ಡ ನಷ್ಟ.
ಓರ್ವ ಉದಾರವಾದಿ ಮುಸಲ್ಮಾನರಾಗಿದ್ದ ಮೊಯಿದ್ದೀನ್ ರವರು ಇತ್ತೀಚೆಗೆ ಯುವಜನರು ಹೆಚ್ಚು ಹೆಚ್ಚು ಮತೀಯವಾದದತ್ತ ಆಕರ್ಷಿತರಾಗುತ್ತಿರುವುದರ ಕುರಿತು ಆತಂಕಿತರಾಗಿದ್ದರು. ಶಿಕ್ಷಣಕ್ಕೆ ಅಪಾರ ಮಹತ್ವ ನೀಡುತ್ತಿದ್ದ ಅವರು ಶೈಕ್ಷಣಿಕವಾಗಿ ಹಿಂದುಳಿದಿದ್ದ ಬ್ಯಾರಿ ಸಮುದಾಯ ಶಿಕ್ಷಣದಲ್ಲಿ ಮುಂದಕ್ಕೆ ಬರಬೇಕು ಎಂಬ ತುಡಿತ ಹೊಂದಿದ್ದರು. ಆ ಕುರಿತು ಪ್ರಾಮಾಣಿಕವಾಗಿ ತನ್ನ ಕೊಡುಗೆ ನೀಡಿದ್ದರು.
dyfi ಸಂಘಟನೆಯ ಹಿತೈಷಿಯಾಗಿ ಯುವಜನ ಚಳುವಳಿಯನ್ನು ಪ್ರೋತ್ಸಾಹಿಸುತ್ತಿದ್ದ ಬಿ ಎ ಮೊಯಿದ್ದೀನ್ ಅವರ ಅಗಲಿಕಗೆ ಡಿವೈಎಫ್ಐ ಕರ್ನಾಟಕ ರಾಜ್ಯ ಸಮಿತಿ ಭಾವಪೂರ್ಣ ಸಂತಾಪ ಸಲ್ಲಿಸುತ್ತದೆ .
Rest in peace. He passed away today peacefully. But the release of his autobiography will kill three more giants from coastal Karnataka
A rare statesman indeed. Probably, he was the only non-corrupt politician from coastal Karnataka. Rest in peace
Shocking news. May allah grant him jannah
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