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International Business Times
International Business Times
Business

Asian Markets Stagger Into Weekend As Trade Rally Runs Out Of Legs

Alibaba led tech losses in Hong Kong after its earnings disappointed traders (Credit: 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.

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