Asian shares inched higher on Friday, helped by a slight uptick in U.S. shares overnight that encouraged investors to return cautiously to buy up bargains after recent slides, but weak global data and Europe's fiscal woes limited the gains.
Asian shares eased on Thursday as markets were vulnerable to faltering factory orders in China and lack of concrete measures shown by European leaders to tackle the risk of Greece leaving the currency bloc.
Asian shares retreated on Wednesday as hopes for fresh measures to tackle euro zone debt faded and caution set in ahead of a meeting of European leaders, with renewed fears Greece would leave the euro bloc dampening appetite for riskier assets.
Asian markets kept gains on Tuesday after reclaiming some ground to move off lows for the year the day before, as hopes grew that Europe would embark on fresh action to address its debt crisis while promoting growth.
Asian markets recovered some ground on Monday after last week's heavy losses, but investors remained wary about the euro zone despite world leaders calling for Greece to stay in the monetary union and for Europe to balance austerity with growth.
Asian shares ended lower on Friday as concerns about the global economic outlook grew due to an escalating banking crisis in Spain and political uncertainty in Greece that has fueled concerns of a euro zone break-up.
Asian shares recovered some ground on Thursday from the previous day's sell-off, but investors found little reason to chase risk amid deepening turmoil in Greece and fears of contagion to other stressed euro zone economies.
Asian shares slumped on Wednesday after efforts to form a new government in Greece collapsed, fuelling fears that a second election in June could precipitate Athens' exit from the euro zone and deepen the bloc's debt crisis.
Asian shares fell to multi-month lows on Tuesday as investors sought refuge from the political turmoil that is fuelling fears of Greece's exit from the euro and threatening to undo progress made so far to solve the euro zone's debt crisis.
Asian shares remained under pressure on Monday after talks to form a Greek government failed, with China's latest move to loosen monetary policy only adding to investor risk aversion as it underscored how Europe's plight is hampering global growth.
Asian shares slid on Friday, driving declines in other risk assets, as deepening euro zone political turmoil and weak economic data from China raised growth concerns, while a huge hedging loss from JPMorgan added to market jitters.
Asian shares struggled on Thursday, as a weak Chinese trade data stoked fears of a growth slowdown and further undermined risk appetite already reduced by worries about the health of Spanish banks and deepening political chaos in Greece.
Asian shares fell on Wednesday, as Greece struggled to form a government two days after elections, raising the risk that a hard-won bailout could be nullified.
Asian shares edged up on Tuesday after the previous day's plunge, as sentiment improved on hopes Spain will use public funds to bolster its struggling banks, although persistent worry over Greece capped gains.
Asian stocks fell sharply on Monday after elections in France and Greece raised concerns over the euro zone's ability to carry out further austerity measures and U.S. jobs data came in weaker than expected.
A recent survey of 2,800 millionaires across the region, conducted by Scorpio Partnership, a global wealth-management consultancy, shows that high net worth individuals, especially those living in India and Indonesia, are the happiest, and most optimistic about growing their fortune.... Read More