KEEPING SCORE: Japan's Nikkei 225 gained 0.3 percent to 18,847.19 and South Korea's Kospi added 0.2 percent to 1,989.27. Hong Kong's Hang Seng Index rose 0.3 percent to 24,898.25 and the Shanghai Composite Index advanced 0.4 percent to 3,322.23. CHINA RATE CUT: The People's Bank of China cut interest rates for the second time in three months Saturday, reducing...» Read More
Asia stocks gained momentum in the afternoon to trade firmly in positive territory after the Bank of Japan said it would buy corporate bonds to ease an increasingly severe funding squeeze. Financials were mostly higher across the board after bank shares fuelled a Wall Street rally, but with global economic gloom still pervasive, safe-haven trades such as the yen and U.S. Treasuries also rose.
Continued signs of trouble in the financial sector and worrisome economic data sent Asian shares to their lowest in more than six weeks Wednesday, bolstering the dollar and other assets that shine in uncertain times.
Asian markets slumped Tuesday on concerns that increasing woes in the global financial sector will deepen the world's economic downturn, highlighting the difficulties confronting incoming U.S. President Barack Obama.
Asian markets were mostly higher Monday while the greenback lost ground as investors looked for U.S. President-elect Barack Obama to quickly roll out hefty economic stimulus spending and a revived plan to buy bad bank assets.
Major Asian markets rose on Wednesday, with markets from Japan to China and Australia logging decent gains, but continued worries about corporate earnings persisted.
Fears of steep losses at corporate bellwethers from Citigroup to Sony hit Asian shares on Tuesday, signaling the extent of the global economic slowdown and bolstering less risky assets such as government debt.
Asian stocks slipped for a fourth consecutive session and the yen climbed against the euro Monday, as a relentless global economic slowdown renewed investor caution about taking on risk.
Asian markets were mixed Friday, with South Korea's Kospi shedding 2 percent after the central bank cut rates.
Asian stocks dropped sharply Thursday, with a recent rebound in investor willingness to take risks jeopardized by dire U.S. private employment data and fears about corporate earnings.
Asian stocks were mostly higher Wednesday, extending their recent rally into an eighth straight day, inspired by hopes massive U.S. government spending and tax cuts will continue to support the dollar and stimulate demand for exports.
Asian markets were mostly higher Tuesday despite some weakness on Wall Street, with shares of Japanese exporters spurred by recent weakness in the yen.
Asian stocks hit a two-month high Monday, with investors betting the global economy will start to recover later this year by shedding some of their big holdings of safe-haven government bonds.
It's a quiet start to the New Year in Asia this Friday, with major markets like Japan and China closed for holidays. Trading volumes are very thin with many investors still away on vacation.
Asian markets ended the last trading session of 2008 mostly higher. However, markets suffered record losses for the whole year.
Asian markets closed mixed Tuesday in thin year-end trading. Oil prices and shares of resource producers rose as violence in the middle east escalated stirring caution among investors and denting the dollar.
Asian stocks closed mixed Monday with Japan pushing back into the black right at the end of the Nikkei's trading session. Bank and financial shares weaker and energy-sensitive shares such as airlines falling on the oil rebound. Trading activity was limited before New Year's holiday.
Asian stocks finished the Christmas Eve session mixed with markets closing early, in holiday-thinned trade Wednesday.
Asia stock markets retreated for a third straight day Tuesday as more investors locked in profits on the year-end rally and prepared to close their books on one of the worst years in decades.
Asia markets were mostly lower Monday though Japan managed to finish higher, while the dollar retreated after the U.S. government's $17.4 billion of rescue loans to ailing automakers last week.
Asian markets were mostly higher, helped by property and bank shares, on hopes policymakers will follow the Fed's lead and cut rates with abandon to spur growth. But the U.S. dollar sank to 13-year lows against the yen.