TOKYO, March 7- Japan's Nikkei share average rose to a fresh five-week high on Friday as a weak yen lifted risk appetites following better-than-expected U.S. jobless claims and the European Central Bank's decision to keep its rates unchanged. The Nikkei ended 0.9 percent higher at 15,274.07, the highest closing level since Jan. 29.» Read More
Asian markets were massacred Friday, led by South Korea's 10.6% plunge and Japan's 9.6% tumble, as the global economic slowdown slashed earnings prospects for an array of companies.
Asian markets' climb gained traction amid a choppy session on Monday, led by Hong Kong's 4 percent rally. But recession jitters continued to keep investors cautious.
Asian markets were battered as the Nikkei plunged more than 11 percent and South Korea tumbled 9.4 percent, as oil prices dropped to a one-year low Thursday after downbeat U.S. economic data spread fears of a more protracted and sharp global slowdown than initially expected.
The Dow and S&P both suffered the 2nd worst point drop ever today, and the Nikkei falls more than 10% at its lows for the session Thursday.
Asian markets fell and gold rose Wednesday on investor worries of lower corporate earnings in a weakening global economy, even as money markets continued to heal gradually.
Asian stocks surged, with Japan's Nikkei finishing 14% higher Tuesday after governments around the world readied plans to take stakes in banks to keep the global financial system from collapsing.
European governments announced plans to bail out banks by buying stakes in them and the U.S. is also expected to follow suit by injecting $250 million into banks, sending stocks soaring. What do you think?
Asian stocks bounced from a four-year low Monday after policymakers around the world took increasingly bold steps to rescue the financial system, including guaranteeing bank deposits and taking stakes in banks.
It feels like 1997 all over again in Asia. Japan down 10%, Hong Kong down 8%, Singapore down 7% and Australia down 8% as markets around the world are gripped by recession fears.
Investor nerves were frayed and that was reflected in Thursday's chopping trading session with markets weaving in and out of negative territory even after central banks around the world cut interest rates to support the global economy.
European stocks pared back some of the losses on Wednesday after plunging about 8 percent earlier in the session as credit fears grew.
Asian stocks saw a turnaround in trade Tuesday after a dramatic 100 basis point rate cut by the Reserve Bank of Australia. Markets were paring back sharp losses that had seen the Nikkei crashing the 10,000 level at one point in the session.
Asian markets fell 4% Monday and the yen surged to a 2-year high against the euro as investors doubted the scattered European response to the financial crisis and the $700 billion U.S. bank bailout could prevent a global recession.
Asian markets fell sharply Friday while the yen rose to a two-year high against the euro on fears the $700 billion financial rescue bill still needing final U.S. government approval may not be enough to keep the global economy from falling into recession.
Asian markets closed mostly lower Thursday and safe haven assets such as government debt gained after the U.S. Senate's approval of a massive bank bailout plan failed to dispel the deepening worries about the global economy. Japan closed 1.9 percent lower while South Korea shed 1.4 percent.
Stocks in Japan and Australia bounced higher Wednesday and the yen steadied as investors edged away from safety plays on hopes that a salvaged Wall Street rescue plan in Washington could keep global equities rallying.
Asian markets pared back losses Tuesday, but were still firmly in the red, putting them on course for the biggest monthly decline in more than a decade after U.S. lawmakers rejected a $700 billion plan to end financial panic and stave off recession. Both Japan and Australia finished over 4 percent lower.
Asian markets slipped into negative territory after a firm open Monday, as investors waited to see the details of the $700 billion rescue package agreed by U.S. lawmakers.
Asian markets fell Friday as political wrangling continued to stall approval of the U.S. government's $700 billion rescue plan for the financial sector, dashing hopes of a quick recovery.
Asian markets were mixed Thursday, pressured by doubts over the U.S. government's proposed $700 billion bailout plan and worries about the economic fallout from the crisis.