Asian share indexes gained ground Monday, after upbeat earnings from U.S. retailers underpinned confidence that a global economic recovery is under way.
Stock markets in Asia finished mostly lower. after shares on Wall Street snapped a six-day winning streak. China markets, however, managed to buck the uptrend.
Asia's key indexes failed to hang on to the morning's modest gains and closed lower, as Tokyo, Sydney and Seoul slipped into the red. Markets had earlier tracked Wall Street, after the Dow Jones Industrials closed higher for the sixth straight session.
Asian stock markets made modest gains on Wednesday, as investors shrugged off the rocky session on Wall Street overnight and focused instead on strong data out of China, which showed factory output jumping to a 19-month high in October.
Asian shares finished higher on Tuesday, following a rally on Wall Street which saw U.S. indices finishing at their highest levels in more than a year.
Asian markets chalked up gains on Monday, led by Sydney's 1.8 percent advance. However, investors remained concern over the state of the U.S. economy after the mixed jobs report released on Friday.
Asia's key indexes rebounded Friday from losses in the previous session, after strong U.S. jobs data reinforced hopes the economy is recovering.
Most expect Korea to bump rates up and to start its exit program to get in front of any potential inflation. There has also been chatter about resource based Norway raising rates as well.
Fed Chairman Bernanke called for the US to whittle down its record-high budget deficits and for countries like China to get their consumers to spend more.
This is the right time to take profit on property investments, said Matt Nacard, head of property research, Asia at Macquarie Securities, especially across Asia where governments are looking to cool things down.
Global stocks were slightly lower in subdued trade on Tuesday, with weaker commodity shares offsetting gains in bank stocks. Experts tell CNBC to short energy companies when oil prices rise and that Japan is still cheap.
An ex-Morgan Stanley banker was sentenced Friday to seven years in prison in Hong Kong's biggest insider trading case -- an "unprecedented" scam a judge said undermined the integrity of a leading Asian financial center.
Asia has already emerged more forcefully from recession than the U.S. and Europe and that upturn is starting to feed into the job market. Hiring is starting to pick up again, recruiters and bankers say.
Asian stocks ended slightly higher on Tuesday but investors stayed cautious after economic data from China showed a weaker-than-expected increase in July industrial output. This also followed a lower end in the U.S. as investors took a breather after a four-week rally.
Asian markets marched higher on Monday after the latest U.S. employment numbers showed signs of a stabilizing job market, raising hopes that the United States can lead the world out of a recession.
Asian stocks dipped Friday as investors grew cautious before a key U.S. jobs report, while the Australian dollar got only a brief lift despite signals from the central bank that interest rates could rise over time.
Stocks in Shanghai dropped as much as 3% Thursday, weighed by speculation China may take more steps to rein in liquidity, slashing the Australian dollar's gains, while copper slid from 10-month highs after disappointing U.S. services data.
Asian markets took a tumble late in the session Wednesday, as selling accelerated causing stocks to slump. Japan closed down over 1% after trading flat for most of the session.
Asian stocks climbed to an 11-month high Tuesday on hopes a V-shaped recovery may be forming in the United States, while the Australian dollar hit its highest since late September after solid housing and retail sales data.
Asian markets inched up to an 11-month high Monday on mounting evidence that the global economic recovery is picking up speed, giving a boost to oil and copper prices while hurting the safe-haven U.S. dollar.