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HONG KONG, China (AFP) — Asian stocks were mainly higher during the opening skirmishes Thursday, taking their cue from a stronger session on Wall Street as investors judged recent trade war fears were overblown. Tokyo led the gainers, climbing a solid 1.5 percent as the more positive market sentiment reduced demand for the safe-haven yen, pushing the currency down. The dollar fetched 106.83 yen in early Asian trade, up slightly from 106.82 yen in New […]
HONG KONG, China (AFP) — Most Asian markets extended gains Tuesday, taking a lead from fresh records on Wall Street where a long-awaited tax-cut bill is expected to be passed this week. After months of uncertainty, the controversial fiscal reforms are due to be voted on in the next few days. They could be on Donald Trump’s desk before year-end, giving the embattled US president his first major legislative victory. “Equity markets have started […]
Japan’s Nikkei average went up 240.29 to 16949.19, while the broader Topix rose 23.08 points to 1383.31. South Korean shares bounded up early on Wednesday, helped by an overnight bounce on Wall Street and in crude oil prices while retail investors scrambled for bargains but gains were capped by weak China stocks and the pending outcome of a U.S. Federal Reserve meeting. The Korea Composite Stock Price Index (KOSPI) was up 0.7 percent at 1,1884.61 […]
Battered crude oil prices bounced back from their lows on Thursday (January 21, 2015), propelling solid gains in Asian shares and the dollar. Thursday’s gains built on Wall Street’s consolidation overnight in which major indexes finished with declines of more than 1 percent, but well off the 3 percent plus they plumbed in the previous session when U.S. crude had dropped to 2003 lows. Japan’s benchmark Nikkei average added 0.5 percent early after plunging 3.7 […]
Asian shares slid to their lowest levels since late 2011 on Monday (January 18) after weak U.S. economic data and massive falls in oil prices stoked further worries about a global economic downturn. Oil prices fell as much as four percent on Monday, with international benchmark Brent futures falling below $28 per barrel, touching their lowest level since 2003. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.0 percent in early trade, extending its […]
