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Asia-Pacific News Australia

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  • Asian markets rose for a fourth day Friday, with investors awaiting a vote on a massive U.S. stimulus package, while the greenback was steady ahead of U.S. employment data likely to reflect a deep recession.

  • Asian Markets Are Shaky, Hit by US Consumer Concerns Thursday, 5 Feb 2009 | 6:01 AM ET

    Asian stocks were shaky in uneven trading Thursday with markets weaving in and out of negative territory on fears about how far U.S. consumers will cut spending, while the euro steadied and sterling dipped ahead of meetings by their respective central banks.

  • Asian Markets Gain on Hopes for Global Economy Wednesday, 4 Feb 2009 | 5:19 AM ET

    Asian markets were mostly higher for a second consecutive session Wednesday on tentative signs of an improving outlook for the battered global economy, while oil gained ground in anticipation of more production cuts.

  • Asian Stocks Waver as Early Rally Loses Steam Tuesday, 3 Feb 2009 | 5:13 AM ET

    Asian stocks were all over the place Tuesday in choppy trade. Markets initially rallied on the back of increasingly aggressive efforts by governments to stabilize markets and support their economies. But the rally lost steam in the afternoon with Japan closing in negative territory.

  • Asian Markets Slide on Grim Corporate Outlook Monday, 2 Feb 2009 | 5:58 AM ET

    Asian markets were mostly lower Monday as the yen and U.S. dollar advanced, with investors expecting another week of grim news on corporate earnings and the global economy.

  • Asian Stocks Fall, Global Economy Worsens Friday, 30 Jan 2009 | 6:18 AM ET

    Asian markets snapped a four-day winning streak Friday and the yen and U.S. dollar rose as investors retreated to safety with job losses accelerating globally while Washington scrambled to finalize a fix for banks.

  • Asia Climbs on US Stimulus Hopes Thursday, 29 Jan 2009 | 5:46 AM ET

    Asian markets climbed Thursday while the greenback gained as investors took heart from the U.S. House of Representatives, making headway on a $825 billion stimulus spending package and other efforts to stem the financial crisis.

  • Asian Markets Bounce Higher as BOJ to Ease Liquidity Wednesday, 28 Jan 2009 | 3:45 AM ET

    Asia stocks gained momentum in the afternoon to trade firmly in positive territory after the Bank of Japan said it would buy corporate bonds to ease an increasingly severe funding squeeze. Financials were mostly higher across the board after bank shares fuelled a Wall Street rally, but with global economic gloom still pervasive, safe-haven trades such as the yen and U.S. Treasuries also rose.

  • Chip Stocks Give Asian Markets a Boost Wednesday, 28 Jan 2009 | 2:06 AM ET

    Asian markets rose Wednesday, helped by gains on Wall Street Tuesday and sharp gains in semiconductor stocks across the region, boosted by hopes the sector's chronic supply glut would ease after German chipmaker Qimonda filed for insolvency.

  • Peabody's Reports Higher Profit, Tops Forecasts Tuesday, 27 Jan 2009 | 12:07 PM ET
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    Coal-mining Peabody Energy reported fourth-quarter profits that easily topped Wall Street expectations on surging contract prices in Australia. Company shares surged 12 percent.

  • Japan Climbs 5% on Weaker Yen, Sydney Rises 3% Monday, 26 Jan 2009 | 7:28 PM ET

    Asian stocks rose Tuesday, with Japan's Nikkei surging almost 5 percent higher following a gain in U.S. markets and as exporters rebounded on a weaker yen.

  • Tokyo Stocks Closer Lower in Holiday-Thinned Trade Monday, 26 Jan 2009 | 5:10 AM ET

    Japanese stocks finished lower Monday. Tokyo was the only major Asian market open amid a slew of regional holidays, as investors braced for key earning results this week from Sony, Honda and other major names.

  • Poor Earnings Push Asian Markets Lower Friday, 23 Jan 2009 | 5:05 AM ET

    Asian stocks fell to a 1-1/2-month low Friday, weighed by poor corporate results in the technology sector.  The Australian market was the worst hit, shedding 4% with financials leading the declines.

  • Asian Markets Bounce Higher as BOJ to Ease Liquidity Thursday, 22 Jan 2009 | 5:28 AM ET

    Asia stocks gained momentum in the afternoon to trade firmly in positive territory after the Bank of Japan said it would buy corporate bonds to ease an increasingly severe funding squeeze. Financials were mostly higher across the board after bank shares fuelled a Wall Street rally, but with global economic gloom still pervasive, safe-haven trades such as the yen and U.S. Treasuries also rose.

  • Asian Markets Fall on Grim Data, Financials Wednesday, 21 Jan 2009 | 5:27 AM ET

    Continued signs of trouble in the financial sector and worrisome economic data sent Asian shares to their lowest in more than six weeks Wednesday, bolstering the dollar and other assets that shine in uncertain times.

  • Stock Picker: Diversity is the Key Tuesday, 20 Jan 2009 | 5:38 AM ET

    Wouter Weijand from Fortis Investors recommended three stocks in three different parts of the world -- stocks he sees as strong picks for investors: The Netherlands' Koninklijke DSM, Australia's Toll Holdings, and the US's Boardwalk Pipeline Partners. All three companies have been fairly beaten up in the past year but still have high yields.

  • Asian Markets Tumble on Global Banking Woes Tuesday, 20 Jan 2009 | 5:11 AM ET

    Asian markets slumped Tuesday on concerns that increasing woes in the global financial sector will deepen the world's economic downturn, highlighting the difficulties confronting incoming U.S. President Barack Obama.

  • Asian Markets Are Mostly Higher on Obama Hopes Monday, 19 Jan 2009 | 5:16 AM ET

    Asian markets were mostly higher Monday while the greenback lost ground as investors looked for U.S. President-elect Barack Obama to quickly roll out hefty economic stimulus spending and a revived plan to buy bad bank assets.

  • Asian Shares Rise But Earnings Worries Persist Wednesday, 14 Jan 2009 | 5:18 AM ET

    Major Asian markets rose on Wednesday, with markets from Japan to China and Australia logging decent gains, but continued worries about corporate earnings persisted.

  • Asian Markets Hit by Profit Woes Tuesday, 13 Jan 2009 | 5:07 AM ET

    Fears of steep losses at corporate bellwethers from Citigroup to Sony hit Asian shares on Tuesday, signaling the extent of the global economic slowdown and bolstering less risky assets such as government debt.