At a time when the court trial in the Samjhauta Express blast case was nearly concluded, a Pakistan national who lost his limbs in the blast on Monday claimed he had seen the accused and the suspected person on the ill-fated day when the tragedy took …
Posts tagged as Samjhauta Express
Tribune News Service Amritsar, February 28. Amid tension between India and Pakistan, the bi-weekly Samjhauta Express train service between the two nations has been temporarily suspended.
HONG KONG: Asian markets fluctuated Thursday as optimism over China-US trade talks was tempered by Donald Trump’s top negotiator, while investors also digested weak factory data from Beijing and fresh geopolitical tensions in Kashmir.
The global rally that has characterised most of this year took a knock after US Trade Representative Robert Lighthizer told lawmakers that real progress had been made with China, but a lot of work was still needed before a pact is signed.
While his comments did not derail expectations of an agreement at some point with both sides reporting good progress and Trump delaying a deadline for a deal it did give traders pause for thought, observers said.Lighthizer said a trade deal hasnt been agreed yet, bringing some reality back to euphoric markets post-Trumps tariff extension, despite the fact Lighthizer also announced both sides had agreed on an enforcement process, said OANDA senior market analyst Jeffrey Halley.
After a negative lead from Wall Street, Asian markets swung Thursday and Tokyo went into the break 0.4 percent lower.Hong Kong was up 0.4 percent mid-morning, Shanghai gained 0.3 percent, Sydney put on 0.2 percent and Wellington was up 0.4 percent.But Singapore slipped 0.5 percent and Seoul shed 0.2 percent, while Jakarta retreated 0.5 percent and Manila lost 0.7 percent.
Also fuelling selling pressure was figures showing Chinese manufacturing activity contracted for a third straight month in February, with factories hit by the long Lunar New Year break, concerns about slowing growth and uncertainty from the trade row. Better sense-However, Zhou Hao, a senior emerging markets economist at Commerzbank AG, said the results were likely not as bad as they seemed and the outlook could be positive.
I think we still want to wait for the next months reading as this months is distorted by the holiday, he said.Also the economy could stabilise this month.
Rising input prices suggest that there is no need to worry about deflation, so the question now rests on whether the economy has enough impetus.Nervousness continues to stalk trading floors after Pakistan and India said they had shot down each others fighter jets on Wednesday, fuelling worries of a conflict between the nuclear-armed neighbours.
The developments followed the February 14 suicide bombing by militants in the disputed Kashmir region that that killed 40 Indian troops.Pakistan Prime Minister Imran Khan called for better sense to prevail.With politicians on both nuclear-armed sides making soothing comments overnight, the trick will be finding a mutually face-saving path to de-escalate the situation. Of course, this will be much easier said than done, and the potential for hostilities to ratchet higher remains very high, Halley added.
On currency markets the pound held gains after touching a near eight-month high earlier Thursday after MPs gave Prime Minister Theresa May more time to work on her EU withdrawal deal after she promised they could delay Brexit if necessary.Sterling was also given a boost after the opposition Labour Party said it would back a second referendum, having lost a vote on its own Brexit plan Wednesday.