SEOUL, South Korea— Global stock markets were mostly lower on Friday while stocks in mainland China extended their gains on expectations of further policy easing. KEEPING SCORE: European markets opened mixed with Britain's FTSE 100 up 0.4 percent at 7,090.82 and France's CAC 40 adding 0.1 percent to 5,227.91. CHINA STIMULUS: Stocks in Shanghai continued their...» Read More
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.
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.
Asian markets were mixed in extremely choppy trade Monday with South Korean stocks and the won tumbling after North Korea said it had conducted a nuclear test. This hit regional shares, which were trading higher until the news, stirring caution among investors.
Asian markets were mostly lower Friday with the U.S. dollar falling to its weakest in almost five months against major currencies on investor worries that the United States would lose its AAA rating.
Asian markets weakened Thursday after news that the Federal Reserve lowered its forecasts for U.S. economic growth over the next three years.
Asian stocks faltered Wednesday while the Australian dollar and emerging market currencies slid, with investors reluctant to keep a near three-month rally in risky assets going without more good economic news.
Asian shares climbed to their highest level in seven months Tuesday on fresh hopes the global recession is easing, and oil hovered at six-month peaks as supply concerns helped buoy up prices.
Asian shares fell Monday as concerns about slumping corporate profits and the still-uncertain outlook for the global economy fueled a retreat from recent highs, keeping the safe-haven yen broadly higher.
Asian markets rose Friday as investors bought shares that stood to benefit the most from an expected global recovery, but still looked set to post their biggest weekly decline since March on worries equity markets have risen too far, too fast.
Asian markets were sharply lower Thursday as weak U.S. retail sales highlighted the long road to economic recovery, prompting profit-taking on winning bets in equities, higher-yielding currencies and commodities over the past two months.
Asian stocks wobbled Wednesday with markets in Japan and South Korea finishing higher but Australia closing lower as investors bought back defensive sectors after a solid rally in the last few months left them wondering whether it would last.
Asian shares fell for a second consecutive session on Tuesday as some of the confidence that fuelled a recent rally was dampened by reports that highlighted the weakness in the global economy.
The rally in Asian markets ran out of steam Monday afternoon as investors took profits from the recent run up in stocks. The key benchmarks in Tokyo and Seoul crept up to close marginally higher after a choppy session.
Asian markets were on shaky ground Friday ahead of U.S. monthly employment data, due out later in the session, that will provide another step in determining whether the recent signs of an improving global economy are real or just wishful thinking.
Asian markets rallied Thursday, as encouraging signs about the health of U.S. banks and the state of the global economy bolstered riskier assets such as oil and hurt safe-havens such as the yen.
Asian stocks were mostly lower while the yen rose Wednesday after news Bank of America needs $34 billion in fresh capital, sending shivers through investors ahead of official results of stress tests on U.S. banks due for release on Thursday.
Asian stocks were higher Tuesday with cyclical stocks and coal miners rising on signs of stability in the global economy, and greater China markets buoyed by cross-strait hopes. Trade though was quiet with markets shut in Japan, South Korea and Thailand.
Asian stocks punched to a seven-month peak Monday, fueled by confidence the global economy is recovering faster than expected and on a further jump in Taiwanese shares on hopes for an influx of Chinese investment.
Asian markets open the Monday session higher as optimism grows that the United States economy is starting to stabilize. Trade in equities is thin due to the Golden Week holidays in Japan, with markets there closed until Thursday.
Asian markets hit four-month highs Thursday as investors took heart from signs of improvement in the U.S. economy suggesting regional exporters may need to start cranking up production.