NEW YORK— More encouraging economic news and friendly signals from the Federal Reserve cheered investors on Thursday, as the stock market climbed to another record high. The gains came a day after the Fed made clear that it's in no hurry to raise a key bank lending rate, easing a major concern for the stock market.» Read More
Asian markets rebounded in the afternoon session Wednesday after initially falling to three-week lows on the back of Wall Street's dismal performance Tuesday. Both Japan and South Korea clawed back into positive territory to finish the session stronger.
Most Asian markets were edging higher in the afternoon session Tuesday following recent falls. Japan managed to finish slightly higher after spending most of the day in negative territory. But South Korea closed lower.
Asian stocks continued the negative start to the year Monday as many indexes sank to two-week lows, but Chinese and Indian indexes managed robust gains. Taiwan's TIAEX closed over 4 percent lower and Singapore' Straits Times Index ended 2.5 percent down.
Japanese stocks tumbled as much as 5 percent on Friday, the first trading day in a week, as growing worries about the U.S. economy battered Wall Street.
Asian stock indexes finished lower across the board Thursday, with the exception of the Shanghai Composite Index, as investors were spooked by the surprise contraction in U.S. manufacturing, and the impact of record oil prices on global growth.
Asian markets kicked off the new year under pressure on worries about a slowing global economy. But oil and gold prices continued to edge higher approaching record highs.
Asian stocks were mostly higher Monday in thin holiday trading, with most investors away to usher in the new year. But Pakistan's shares slid in its first reaction to the assassination of former prime minister Benazir Bhutto whose death last week plunged the country into one of its deepest crises.
Most Asian markets closed lower Friday as investors were rattled by the assassination of Pakistan opposition leader Benazir Bhutto, and data pointed to continuing economic weakness in the United States.
Asian closed mixed, with some boosted by resources companies such as BHP Billiton as oil and commodities prices firmed. But Tokyo closed down, staying on course to end the year as the world's worst performing major stock market.
Asian stocks were mostly higher in the afternoon session Wednesday. Trade was thin as many investors were away for Christmas holidays. Japan closed higher be South Korea declined. Other Asian markets including Australia and Hong Kong were shut, and many markets in Europe will also be closed.
Japanese stocks closed at their highest in nearly two weeks Tuesday as investors picked up recently pressured shares such as Sony, encouraged by a softening yen and after news from Merrill Lynch prompted a rally on Wall Street.
Asian markets rallied on the Christmas Eve Monday, lifted by technology and bank stocks as stronger-than-expected U.S. consumer spending calmed fears the world's top economy was heading into a recession.
Asian markets closed higher across the board Friday, having got a lift from technology stocks and year-end program buying by funds. Most of the major indexes finished over 1 percent higher, while the Hang Seng gained 2.3 percent.
Asian markets closed mixed Thursday with Australia slipping into the red after initially rising in the morning and South Korea paring back gains to trade flat. But Chinese shares managed to move higher with property stocks on the advance.
Asian stocks were mixed in the afternoon session Wednesday, as markets failed to sustain an earlier recovery. Japan shed 1 percent despite spending most of the session in positive territory. Australia also closed lower.
Asian stocks seesawed in volatile trade Tuesday with financial counters and exporters taking a roller-coaster ride. Japan closed slightly lower though the market was well over 1 percent lower at one point. South Korea finished the session up 1.2 percent.
Asian markets were sharply lower at the end of trading Monday, with most of the benchmark indexes over 3 percent down at the close. Financial stocks sank as rising U.S. inflation lessened expectations for rate cuts in the world's biggest economy.
A credit ratings downgrade for U.S. banking giant Citigroup sent Asian financial stocks lower Friday, while the yen sagged after Japanese business sentiment dropped to two-year lows.
Skepticism about plans by major central banks to tackle tight credit conditions kept Asian stocks subdued Thursday, with all of the benchmark indexes marking a loss for the day.
Asian markets closed mostly lower Tuesday, after the U.S. Federal Reserve's decision to cut interest rates failed to shore-up investor confidence. South Korean and Australian markets managed to finish slightly higher, however.