Hong Kong feeling the heat from global liquidity tightening, explains Richard Yetsenga, head of global markets research at ANZ.» Read More
Asian markets ended mixed Monday, with Sydney down 1.6 percent while Shanghai jumped 4.6 percent. However, sentiment remained weak after credit concerns pushed European indexes lower. The market lacked direction overall as investors waited for the U.S. to reopen after the Independence Day long holiday weekend.
Asian markets painted a mixed picture Friday, with exporters moving higher on a stronger U.S. dollar while record high oil prices weighed on oil distributors and airliners. Trade was cautious with U.S. markets closed for the Independence Day holiday.
Asian markets pared back losses, but were still closed in the red Thursday. Oil set fresh record highs and fears that stagflation will continue to hurt earnings and consumer spending dogged investors.
Most Asian markets stayed firmly in negative territory Wednesday, led by Seoul's 2.5 percent slide as persistently high oil prices and their impact on economies remained the key theme keeping investors worried.
Asian markets were weaker Tuesday as investors continued to fret about the economic impact of high oil prices. Japan, South Korea and Australia all finished lower.
Asian markets were mostly lower Monday, with Japan and Australia both closing down. Skyrocketing oil prices remained the key theme as investors worried over the impact of record oil prices on the health of the global economy.
Asia experienced a selloff across the board, led by Shanghai's 5 percent tumble, after shares plunged on Wall Street and oil prices shot above $140 a barrel, fanning investors' fears of high inflation and slowing economic growth. Japan and South Korea finished 2% lower.
Asian markets were mostly flat Thursday after the U.S. Federal Reserve kept rates steady while the euro hit a record high against the yen on the prospects for a euro zone rate rise.
Asian markets pared back losses Wednesday, with Tokyo closing just slightly lower. Concerns about the U.S. economy cast a cloud over the session and trade remained cautious as investors awaited the outcome of the Fed's two-day meeting, which is expected to leave interest rates at 2%.
Asian markets drifted to a mixed close Tuesday, with trade kept largely muted as investors stayed cautious ahead of the U.S. Federal Reserve's rate decision at the its two-day policy meeting starting later today. Japan and Australia closed flat.
In the movie, Kung Fu Panda, Master Oogway, the old wise tortoise tells Dustin Hoffman's red panda character Shifu, "There are no accidents". The best technical analysts will reach a similar conclusion when a chart like Hong Kong-listed Sinopec, flashes on the screen.
Asian markets closed in the red Monday, but were well off their session lows as investors took the opportunity to buy beaten down stocks.
Asian markets were mixed Friday as regional stocks reacted to China's hiking of fuel prices. Trading has been volatile throughout the session with markets, particularly in Shanghai, making radical swings between positive and negative territory.
Asian stocks took a beating Thursday, after Wall Street closed at a three-month low, sparking fears of a pullback in export demand with oil prices remaining high and feeding a rally in safe-haven government bond prices. Japan shed 2.2 percent while Australia gave up 1.4 percent.
Asian markets staged a late rally Wednesday with Japan and South Korea closing in the black, as oil dipped for the fourth straight session, signaling lower costs for firms following a plan by top exporter Saudi Arabia to raise crude output.
Asian markets ended mixed Tuesday with the weaker U.S. dollar pushing exporters such as Canon to a weaker finish. But financial shares moved higher, helping to offsetting losses.
Asian markets rallied Monday after muted U.S. consumer price data and softer oil prices helped ease concerns about inflation and higher interest rates in the world's top economy. Japan closed 2.7% higher.
Asian markets came off initial losses Friday in volatile trading, with gains in technology and export-related stocks offsetting weakness in financials and shippers. Japan, Australia and South Korea all closed stronger.
Asian stocks sank deep into the red Thursday, with markets battered down by 2% on average. Japan, Australia and South Korea all closed sharply lower.