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Asian stocks rose Friday as hopes for a global economic recovery drove up appetite for riskier assets, but traders were cautious ahead of U.S. monthly job data. Resource shares were among the leading gainers after oil prices surged to a seven-month high on hopes that the global recession had bottomed out.
Asian markets slipped Thursday, after disappointing U.S. private employment and services sector data led investors to trim over extended bets and look for better points to buy again.
Hong Kong officials said they found traces of cocaine in cans of energy drink Red Bull, Agence France Press reported Tuesday.
Asian stocks hovered close to eight-month highs Wednesday, pausing for breath after rallying on optimism that the global economy is through the worst, while the dollar struggled near its latest set of lows for the year.
Improving global manufacturing data lifted some Asian markets Tuesday, bringing a regional index near to levels before the collapse of Lehman Brothers in September, but the pace of gains slowed as investors weighed how much longer a heady, three-month rally will last.
Asian markets shot to eight-month highs Monday after a gauge of China's manufacturing activity offered fresh evidence of a recovery in the world's third-largest economy.
Asian markets were mostly higher Friday, but lagging Wall Street's rise after some solid gains earlier in the week. Higher commodity prices also supported mining and energy-related stocks in Asia, though investors were reluctant to take big bets on increasingly expensive shares until more evidence emerged of a sustained recovery.
Asian markets were mixed Thursday in choppy trade as concerns grew that rising yields on U.S. government debt could push up borrowing costs and choke off a potential recovery in the world's largest economy. South Korea though managed a 2 percent jump later in the session.
As the buzz about economic recovery grows louder, a new survey reveals the best place in the world to ride out the rest of the recession, which could be one of the first stops on the recovery train.
Asian markets rose Wednesday to their highest level in more than seven months after a jump in U.S. consumer confidence reinforced expectations the global economy has hit a bottom, even if recovery appears fragile.
Global stocks fell Tuesday, as the recent rally was dented on reports that North Korea test-fired two short-range missiles. Experts told CNBC they see value in soft commodities but not in base metals.
Asian markets edged lower Tuesday with stocks in Seoul ending the session down 2 percent after North Korea threatened to launch more missiles while investor doubts about the world economy kept riskier assets such as the euro under pressure.
Asian markets were mixed in extremely choppy trade Monday with South Korean stocks and the won tumbling after North Korea said it had conducted a nuclear test. This hit regional shares, which were trading higher until the news, stirring caution among investors.
Asian markets were mostly lower Friday with the U.S. dollar falling to its weakest in almost five months against major currencies on investor worries that the United States would lose its AAA rating.
Asian markets weakened Thursday after news that the Federal Reserve lowered its forecasts for U.S. economic growth over the next three years.
As global stocks fell Thursday on concerns about the economic recovery after the Federal Reserve lowered its forecasts for U.S. growth for the next three years, safe-haven play gold rose. Experts tell CNBC the precious metal's price is likely to resume its upward climb.
Asian stocks faltered Wednesday while the Australian dollar and emerging market currencies slid, with investors reluctant to keep a near three-month rally in risky assets going without more good economic news.
Global stocks were higher Wednesday but trade was cautious as investors question the longevity of the recent rally. Experts tell CNBC that a market correction is due and how to prepare for it.
Asian shares climbed to their highest level in seven months Tuesday on fresh hopes the global recession is easing, and oil hovered at six-month peaks as supply concerns helped buoy up prices.
Asian shares fell Monday as concerns about slumping corporate profits and the still-uncertain outlook for the global economy fueled a retreat from recent highs, keeping the safe-haven yen broadly higher.