Asia: Stocks mixed ahead of G-20, Iran and weak dollar lift gold

Asian equities were mixed on Tuesday as investors sat on their hands days before this week's crucial meeting between Donald Trump and Xi Jinping, while gold hit a fresh six-year high on a weaker dollar and the US-Iran crisis.[HONG KONG] Asian equities were mixed on Tuesday as investors sat on their hands days before this week's crucial meeting between Donald Trump and Xi Jinping, while gold hit a fresh six-year high on a weaker dollar and the US-Iran crisis.

On Tuesday Chinese state media said top-level negotiators for both sides had held discussions ahead of the meeting, and"exchanged opinions on economic and trade issues". The call took place"at the request of the US side" and they agreed to maintain contact, the Xinhua news agency said.

Gold prices continue to rise - sitting at highs not seen since September 2013 - as investors seek out the safe haven to hedge against a possible US-Iran conflagration, while the softening dollar is also providing support. Oil prices were unable to sustain the surge started last week by the drone incident, with both main contracts dipping Tuesday.

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Asian stocks subdued, oil rises on US-Iran tensionsAsian shares were off to a cautious start on Monday as investors pinned their hopes on any signs of a thaw in Sino-U.S. trade negotiations while ...
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CapBridge, UOB in deal to provide companies in Asia with access to private capitalGLOBAL private capital platform CapBridge has inked a deal with United Overseas Bank (UOB) to offer a range of private capital solutions to private, high-growth companies in Singapore and in the bank's key markets including China, Hong Kong, Indonesia, Malaysia, Thailand and Vietnam. Read more at The Business Times.
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