Most stocks in Asia edged lower Wednesday, weighed down by resource-related shares and doubts about a global economic recovery, while oil slipped to $70 a barrel ahead of U.S. inventory data that could reflect slowing energy demand.
Asian markets extended losses Tuesday, in the wake of Wall Street's biggest tumble in a month, while government bonds and the yen rose, as investors cut down on riskier assets, demanding evidence of a sustained recovery.
Asian markets edged lower Monday and pulled back from eight-month highs hit earlier this month, as investors fretted over whether the global economy had improved enough to justify a further rally.
Asian shares marched towards new highs for the year Friday as stronger-than-expected Chinese industrial output data and a rise in U.S. retail sales fuelled hopes that the worst was over for the global economy. Tokyo closed above 10,000 for the first time in eight months.
Commodity-related stocks in Asia and the Australian dollar rose for a third straight day Thursday as oil prices extended gains, keeping a rising trend in raw materials prices intact.
Commodity-related shares led Asian stocks higher Wednesday, snapping a two-day decline, after metals and oil prices rallied on a decline in the U.S. dollar and as hopes grew for stronger Chinese industrial demand.
Asian shares fell Tuesday for a second consecutive session as investors worried that a recent rally may be overdone, though oil prices extended gains ahead of data this week expected to show a fall in U.S. crude inventories.
Asian markets were mostly higher Monday after smaller than expected U.S. job losses suggested a recovery is under way, while government bonds slid as investors speculated central banks may have to raise interest rates sooner than previously thought.
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.