HONG KONG— World stock markets mostly drifted lower Friday ahead of Greece's weekend austerity referendum, while China's main stock benchmark plunged as much as 7 percent as government market stabilization measures failed to reassure panicky investors. Britain's FTSE 100 edged 0.1 percent lower to 6,622.15. The government says a "No" vote will put it in a...» Read More
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.
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.