Asian stocks ended mixed Wednesday, with Tokyo down 1 percent but Shanghai posting strong gains, after Wall Street finished mixed in choppy trading.
Most Asian stock indexes were on positive ground, led by Australia's 1.2 percent rise, as traders paused in their selloff of risky assets ahead of Chinese economic data and a European Central Bank meeting later in the week.
Asian stock markets tumbled on Monday, after Wall Street on Friday closed at its lowest level since February, spooked by disappointing U.S. jobs data and concerns over Hungary's debt problems.
Asian stock markets traded mixed on Friday, amid caution ahead of the U.S. jobs report, which is expected to show the economy gained 513,000 jobs in May, adding to a string of recent positive economic data.
Asian stocks rose for the first time in three days on Thursday as U.S. housing data fueled optimism about the world's largest economy, while the yen was pressured by expectations that Japan's new political leaders will favor a weaker currency.
Asian markets ended the Monday session mixed with Tokyo and Seoul shrugging off a downgrade of Spain's credit rating while China shares booked sharp losses, hit by concerns over further tightening measures.
Hong Kong’s notoriously volatile property market has emerged virtually unscathed by the credit crunch... Instead of fretting about underwater mortgages and defaults, the Hong Kong government is attempting to cool the market.
Asian stocks surged out of the gates on Friday, after China's denial that it was reviewing its euro bond holdings prompted an impressive rally on Wall Street where the Dow jumped nearly 3 percent to close back over the 10,000 mark.
Asian equities were firmly higher on Thursday afteroon, as bargain hunting helped to pull indexes out of early losses. Markets also rebounded after a Chinese government response to a report that China was reviewing its euro zone bond holdings, helped to calm nerves.
Asian stock markets staged a rebound on Wednesday, after Wall Street made a comeback from earlier session lows, helping U.S. indices end mostly flat after first falling more than 3 percent on growing questions about the stability of the European banking system.
Asian stock markets tumbled on Tuesday, as worries that the euro zone's troubles might spread kept investors wary about holding riskier assets.
Most Asian indexes rose, as the Chinese market's strong performance offered support to its peers in the region but investors continued to keep a wary eye on the debt problems in the euro zone.
Asian stock markets suffered losses on Friday, with Tokyo and Taipei slumping 3 percent at one point, as persistent worries over the euro zone debt crisis and its negative impact on global economic growth sent investors heading for the exit.
Asian markets lost ground as political divisions in Europe and fears of more market regulation kept investors nervous and pressured stocks.
As the United States and Europe increasingly exhibit risks typically associated with emerging markets, consider investing in China, India and Brazil, said Richard Kang, chief investment officer at Emerging Global Advisors told CNBC on Wednesday.
Asian stocks lost ground on Wednesday, as moves to toughen financial regulation in both the U.S. and Europe rattled markets and reduced the appetite for risk.
Most Asian indexes lost ground on Tuesday in a choppy session. A late turnaround in U.S. markets overnight when the dollar pulled back from a four-year high against the euro, failed to inspire investors as they remained wary of the problems in Europe.
Asian equities fell sharply on Monday, with the Shanghai Composite Index ending more than 5 percent lower, as concerns over the long-term health of the euro zone and weak U.S. earning forecasts dampened investor appetite for risk.
Asian stocks were under pressure on Friday, surrendering part of the prior session's rally, as investors remained skittish in the face of euro zone debt worries and doubts about the U.S. economic recovery.
Asian stocks logged impressive gains on Thursday, following the strong gains on Wall Street, after Spain outlined measures to cut its deficit, easing fears that the Greek debt crisis could spread in Europe.