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Asia shares higher after US rally despite rising virus fears

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TOKYO (Net) — Asian shares were mostly higher on Wednesday with another mood boost from Wall Street, but fears persist over the surge in coronavirus cases in parts of the world.
Japan's benchmark Nikkei 225 edged 0.1% higher to 22,576.63. Australia's S&P/ASX 200 also picked up 0.1% to 5,958.40. South Korea's Kospi added 1.5% to 2,162.46. Hong Kong's Hang Seng slipped 0.1% to 24,854.72, while the Shanghai Composite added 0.2% to 2,976.39.
Analysts are warning that, despite the recent...

Trump-backed House candidates lose in Kentucky, N Carolina

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Voters rebuffed President Donald Trump and nominated two Republicans he opposed to House seats from North Carolina and Kentucky on Tuesday. Calls in higher-profile races in Kentucky and probably New York faced days of delay as swamped officials count mountains of mail-in ballots.
In western North...

US economist says export controls on Huawei overstep trade deal with China

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WASHINGTON, June 24 (Net) -- The United States has "overstepped" the China-U.S. phase-one economic and trade agreement by imposing export controls on Huawei, said a renowned U.S. economist Tuesday, urging the U.S. administration to suspend any new punitive measures.
"The Trump Administration...

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