Kelvin Blacklock, CIO at Eastspring Investments says the markets that have moved up recently are those that have seen strong earnings growth. He says these defensive markets are looking expensive while the cyclicals appear cheap.» Read More
Asian markets were mixed Friday and the yen slipped, after upbeat results from JPMorgan and Google kept a revival of risk taking alive, with shares outside Japan on track for a sixth week of gains.
Asian stocks pulled back from a six-month high Thursday, while the safe-haven yen gained after China posted its slowest ever quarterly growth in a signal of the frailty of the global economy.
Asian markets pulled back from six-month highs Wednesday but held up after the drop on Wall Street, with hopes for more Chinese stimulus spending helping offset reports of weak first-quarter growth.
Asian markets bounced back and forth in a narrow trading band Monday. Trading was quiet after most major overseas centers were closed on Friday due to the long Easter weekend.
Asian markets were mixed Tuesday after Goldman Sachs' stronger-than-expected profit signaled the worst could be behind for U.S. banks, emboldening investors to chase after riskier assets.
Japan has decided to remove a special tariff on computer memory chips made by South Korea's Hynix Semiconductor, Japan's Kyodo news agency reported on Monday.
Shares of DBS, Southeast Asia's biggest bank, rose Monday, as a broad rally in banks offset news of the death of CEO Richard Stanley, and investors showed faith in the bank's experienced chairman.
Tokyo stocks closed at a three-month high while Seoul shares rose to their highest in six months Friday. Trading was limited around the region with the Australian, Hong Kong and Singapore markets closed for the Good Friday holiday.
Asian stocks pushed back towards a six-month high Thursday as technology shares resumed their rally, while Japan's surprisingly big stimulus spending and signs of stabilizing economic activity drove up government bond yields.
Asian stocks slid for a second day Wednesday while the U.S. dollar climbed, with investors fleeing to the sidelines to await companies' business outlooks as what is expected to be a grim results season begins.
Asian stocks teetered Tuesday, snuffing a five-day rally as uncertainty about U.S. banks pushed dealers to take profits on recent gains, while investors' reduced willingness to take risks lifted the U.S. dollar and yen.
Asian shares climbed to a six-month high Monday, as hopes that the global economic downturn is nearing its bottom spur demand for riskier assets while hitting the yen and safe-haven government bonds.
Efforts by G20 leaders convinced investors that policy makers were united enough to keep a risk taking rally alive Friday, pushing up Asian markets higher for a fourth day.
Asian markets surged Thursday, with investors seeing a sliver of hope the U.S. economy has bottomed, while the euro edged up before a European Central Bank meeting at which rates may be cut for the last time in a while.
Asian markets started the new quarter with more gains after an impressive performance in March on expectations the frail global economy is about to bottom out and hopes the financial system was on the mend.
Asian stocks wobbled Tuesday with markets weaving in and out of negative territory as some investors bet the most painful stretch of corporate earnings damage may be over and bought technology shares.
Asian markets dived and U.S. stock futures slumped Monday, while safe-haven U.S. Treasuries gained after the Obama administration's autos task force rejected turnaround plans for troubled automakers GM and Chrysler.
Asian markets touched two-month highs on Tuesday, with financial stocks among the leaders, as the U.S. government's plan to absorb toxic debts met with investor approval.
Asian stocks rose to a two-month high Monday and high-yielding currencies advanced on the yen after details on a U.S. plan to rid banks of up to $1 trillion of toxic assets improved confidence about risk taking.
Asian markets were mixed Friday, but looked set to gain for a second consecutive week -- marking their best weekly back to back gains since mid-December -- as the Fed's plan to inject a combined $1.15 trillion into the U.S. financial system improved battered confidence in the banking sector.