With nuclear power in the doldrums after the Fukushima disaster, it's solar energy that is becoming the alternative in Japan.» Read More
Asian markets ended mostly lower Thursday as worries about the sickly U.S. economy were exacerbated by a falling dollar, which could prop up U.S. firms at the expense of Asia's exporters.
Japan's industrial production fell twice as much as expected in January, sending stock prices lower on heightening concern that the country's economy may slow down or even contract in the first quarter of 2008.
Asian markets closed higher across the board Wednesday, marking a third straight session of gains. Hong Kong was the best performer, closing over 3 percent higher, and Japan ended over 1 percent up.
Asian stocks pulled back from an early rally to close broadly higher Tuesday. Japan ended weaker and South Korea closed flat. But Australia managed to hang on to its advance to finish in positive territory.
Asian markets rallied in the afternoon session Monday with financials stocks advancing on talks of a possible rescue plan for U.S. bond insurer Ambac. Japan surged 3 percent, but Shanghai shares slumped over 4 percent.
China's sovereign wealth fund plans to buy as much as $10 billion in Japanese stocks and may consider purchasing a large stake in oil and gas developer Inpex Holdings, Britain's Times newspaper said.
Asian markets closed lower Friday, with investors spooked by fresh evidence that the U.S. economy is in recession. Japan and South Korea both closed 1 percent lower.
Most Asian markets made firm gains Thursday, as solid earnings and expectations of further U.S. interest rate cuts outweighed worries about inflation, even as oil hit a record high above $101 a barrel.
Asia is weaker (Japan down over 3 percent). Some chatter about a unit of KR asking for restructuring of billions of dollars in short-term debt, reported overnight by the Wall Street Journal in Tokyo. Commodities--including energy, base and precious metals--taking a breather this morning.
Asian markets closed sharply lower Wednesday with Japan losing over 3 percent lower and both Australia and South Korea ending around 2 percent down.
I hear it all the time from car buffs, Chrysler fans, and those who lament the struggles of the American automakers. It goes something like this: "Why is Chrysler cutting back here in the U.S. and looking to expand overseas?"
Asian stocks ended mostly in the green Tuesday as investors, sought undervalued bank shares and exporters that could gain from a modestly stronger U.S. dollar. Japan, South Korea and Australia all closed stronger.
Asian stocks closed mixed Monday, as investors shrugged off a rash of weak economic indicators to keep most markets afloat. Japan and South Korea closed just a touch higher, which the Hong Kong market fell.
Asian stocks ended the week with a mixed session Friday, but off their earlier lows. Japan closed almost flat despite making sharp losses in the morning. South Korea finished just slightly lower.
The Bank of Japan left its policy rate target unchanged at 0.5 percent on Friday as uncertainty persists over the nation's economic outlook despite resilient growth figures for the last quarter of 2007.
Asian markets surged in the afternoon session, buoyed by a surprise increase in U.S. retail sales and unexpectedly strong growth figures for the Japanese economy. Both Tokyo and Seoul closed over 4 percent higher.
Asian markets received an early boost after billionaire investor Warren Buffett made an offer to take on $800 billion of U.S. municipal bond risk. But many of the Asian indexes gave back earlier gains to close mixed. Indian and Hong Kong stocks closed firmly higher, while China and Australia fell.
Japanese annual wholesale inflation hit a 27-year high of 3 percent in January due to rising oil and other raw material costs, but the Bank of Japan is likely to sit tight on rates in the face of cost-push inflation and slowing global growth.
Asian markets were slightly higher on Tuesday driven by a rebound in the U.S., but financials remained fragile after American International Group raised fears it would become the latest casualty of the credit crisis.
Want an illustration of why traders are nervous about how stable earnings forecasts are? New York State Governor Eliot Spitzer is lowering projections for tax revenue by $384 million, only three weeks after presenting his budget!