Nyshka Chandran writes the Asia-Pacific stock market updates for CNBC.com. She previously worked as a content writer in Toronto after graduating from the University of Toronto, where she majored in Political Science.
Follow Nyshka on Twitter: @NyshkaCNBC
A decision by Southeast Asia's biggest bank to quit a year-long pursuit of Indonesia's Bank Danamon could deter other foreign banks from the banking sector.
Asian stocks were mixed on Wednesday as investors adopted a wait-and-see approach ahead of the Federal Reserve's policy statement.
Asian stocks rebounded on Tuesday after China's central bank injected funds into money markets and as the Japanese yen weakened ahead of key global central bank meetings this week.
China's central bank on Tuesday did something it hasn't done in five months: it actively injected cash into local money markets, easing concerns of another credit squeeze.
Asian equity markets declined across the board on Monday with Japanese stocks falling to a new three-week low on the back of a stronger currency while renewed fears of an economic slowdown in China hindered gains.
Bank lending conditions in emerging Asia have tightened the most since the global financial crisis, according to the latest survey from the Institute of International Finance (IIF).
Japan's benchmark index tumbled to its lowest level in nearly three weeks on Friday as the yen rose against the greenback while the rest of Asia traded mixed as attention turned to the region's corporate earnings results.
Asian stocks declined on Thursday, as disappointing quarterly corporate earnings offset potential gains from positive global economic data.
Asian stocks closed mixed on Wednesday after HSBC's key survey of Chinese manufacturing activity fell to an eleven-month low in July, confirming signs of a further slowdown in the world's second-largest economy.