Japanese blue-chip stocks fell Friday, extending losses into a second day after sharp gains earlier in the week, though Chinese and Australian shares inched higher. The moves came as Hong Kong and South Korean markets were closed for holidays, reportedly curbing trading volumes in bourses that were open. Japan’s Nikkei Stock Average moved off opening lows but still traded with ... Read More »
BANGKOK (AP) — Asian stock markets powered higher Thursday after a U.S. communications company posted a surprise jump in earnings that led to big gains in technology stocks and new highs on Wall Street. Markets took additional encouragement from the release of minutes from the U.S. Federal Reserve’s March meeting, which showed a majority of policymakers in favor of continuing ... Read More »
Asian stocks rose, with the benchmark regional equities gauge heading for its longest winning streak in seven weeks, as investors speculated stimulus measures will boost economic growth and increase profits. BHP Billiton Ltd. (BHP), the world’s largest miner, climbed 1.7 percent to advance for a fourth day in Sydney, its longest winning streak in more than two months. Mitsubishi UFJ ... Read More »
Asian equities have lagged the global stock market rally since the start of the year, but according to HSBC, Asian stocks could still deliver a 20 percent upside by the end of 2013. Devendra Joshi, equity strategist for Asia Pacific at HSBC said that based on the current consensus estimates of 13 percent earnings growth for Asian stocks this year, ... Read More »
Nikkei's weekly gain biggest since Dec 2011 * U.S. data, optimism on BOJ encourage investors * Yen/dollar falls to 3-1/2-year low * Fast Retailing up 24 percent for the week By Ayai Tomisawa TOKYO, March 8 (Reuters) - Japan's Nikkei share average ended at a new 53-month high on Friday, as exporters and real estate shares rose helped by bullish ... Read More »
(MarketWatch) — Japanese stocks extended gains Tuesday on hopes for further monetary easing under a new central bank chief, while Australian shares rebounded strongly from the previous day’s losses in the wake of positive cues from Wall Street. The Nikkei Stock Average rose 0.8% in Tokyo, while Australia’s S&P/ASX 200 index rose 1.5% and South Korea’s Kospi gained 0.7%. Japanese ... Read More »
HONG KONG: Asian markets were mostly up on Wednesday, with Sydney hitting a near three-year high, but Tokyo sank on profit-taking and as the yen picked up strength against the euro and dollar. The Japanese currency picked up after a Group of Seven (G7) statement on Tuesday that said “excessive volatility” in exchange markets hurts financial stability, as they tried ... Read More »
SINGAPORE— Asian shares fell on Friday, growth-linked currencies such as the Australian dollar were shunned after data showing shrinking factory activity in China, and the euro zone heightened concerns about a slowdown in the global economy. Materials stocks such as miner BHP Billiton were prominent among the losers, but crude oil steadied after tumbling overnight and copper bounced off a ... Read More »
(03-12) 03:41 PDT LONDON, United Kingdom (AP) – Markets were steady Monday ahead of a meeting of European finance ministers that is expected to pave the way for a second massive bailout for Greece that will prevent the debt-ridden country’s imminent bankruptcy. Ministers from the 17 countries that use the euro are meeting later and Greece will again be at ... Read More »
SINGAPORE—Asian stock markets were higher Thursday amid growing optimism that Greece’s debt swap would prove successful, while Japanese exporter stocks benefited from a weaker yen, which fell after Japan posted a record current account deficit. As Thursday’s deadline approached, investors were cautiously optimistic that improving participation in a key debt swap for Greece, needed to keep the debt-laden nation from ... Read More »
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