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Hong Kong, China (AFP) — Asian stocks mostly fell Tuesday but pared early losses after data showed China’s economy grew more than expected last year, while traders remain hopeful about the country’s outlook as it emerges from years of debilitating zero-Covid measures. The three percent expansion was the slowest in four decades — excluding pandemic-hit 2020 — and sharply down from the previous year, as widespread lockdowns and other containment policies hammered business activity. However, […]
HONG KONG, CHINA (AFP) — Asian stocks tumbled with the South Korean won Monday while the safe haven yen rallied on news that North Korea had tested what it claimed was a miniaturized hydrogen bomb, ramping up tensions on the peninsula. Less than a week after it rattled global markets by firing a rocket over Japan, Pyongyang on Sunday conducted its sixth nuclear test, sparking further condemnation and a warning from defence secretary Jim […]
HONG KONG, China (AFP) — The rally in Asia stocks fizzled out Friday, as a renewed weakening in the price of oil dampened sentiment and safe haven assets such as the yen received a boost. US crude fell below $31 a barrel as traders digested news that American stockpiles rose to the highest in more than eight decades. While turbulence in Asian markets has abated this week with losses earlier in the year being partially […]
TOKYO, Japan (AFP) — Tokyo stocks dropped again Wednesday to their lowest level since late 2014, as fears of a global recession hammered investor confidence ahead of testimony by the head of the US central bank. The plunge came the day after the benchmark Nikkei index posted a 5.4-percent drop, its steepest one-day decline in percentage terms since June 2013. On Wednesday, the Nikkei slipped 2.31 percent, or 372.05 points, lower at 15,713.39, the lowest […]
Asian equities were subdued on Friday (February 5) and the dollar wobbled ahead of the closely watched U.S. jobs report, which could provide clues on the Federal Reserve’s monetary policy outlook. The markets will look to the U.S. jobs data for direction, with the employment report expected to how employers adding 190,000 jobs in January, the median estimate of 108 economists polled by Reuters. Japan’s benchmark Nikkei stock average was down 1 percent despite an […]
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 […]
Japan’s Nikkei share average tumbled 4 percent on Thursday (January 14) morning after Wall Street languished on worries about weak oil prices and a slowdown in the global economy, battering global cyclical stocks such as exporters. The Nikkei 225 stumbled 3.7 percent to 17,063.21 in mid-morning trade after hitting as low as 17,004.12, the lowest since late September of 2015. If the benchmark index falls below 16,901.49, an intraday low marked on September 29, 2015 […]
Asian stocks held near four-year lows and crude oil prices approached a 20 percent drop in less than two weeks as investors worried over the extent of China’s economic slowdown and its impact on emerging markets. MSCI’s broadest index of Asia-Pacific shares outside Japan edged 0.4 percent higher but still stood near a four-year low touched on Monday, and was still down more than 8 percent since the start of 2016. It fell 12 percent […]
Asian share markets swept lower Monday (January 11) after Wall Street suffered its worst starting week in history and doubts over Beijing’s economic competence sent investors into the arms of the safe-haven yen and sovereign bonds. The absence of Tokyo for a holiday only made liquidity even harder to come by, heightening volatility. South Korean shares fell, led by concerns about China and caution ahead of earnings later this month. The Korea Composite Stock Price […]
Most Asian stock markets rallied on Wednesday (September 30) after sliding to 3-year lows, but concerns lingered over a weak outlook for commodities and China’s economic growth. Japan’s Nikkei share average rebounded after tumbling in the previous day, with strength in exporters and financials offsetting weak industrial production and a sharp drop in Japan Tobacco. The Nikkei average went up 263 points to 17193.84, while the broader Topix rose 21.37 points to 1396.89. Seoul shares, […]
