A Japanese volcano about 50 km (30 miles) from a nuclear plant erupted on Friday, Japan's Meteorological Agency said.» Read More
Commodity-related shares led Asian stocks higher Wednesday, snapping a two-day decline, after metals and oil prices rallied on a decline in the U.S. dollar and as hopes grew for stronger Chinese industrial demand.
Asian shares fell Tuesday for a second consecutive session as investors worried that a recent rally may be overdone, though oil prices extended gains ahead of data this week expected to show a fall in U.S. crude inventories.
Asian markets were mostly higher Monday after smaller than expected U.S. job losses suggested a recovery is under way, while government bonds slid as investors speculated central banks may have to raise interest rates sooner than previously thought.
Asian stocks rose Friday as hopes for a global economic recovery drove up appetite for riskier assets, but traders were cautious ahead of U.S. monthly job data. Resource shares were among the leading gainers after oil prices surged to a seven-month high on hopes that the global recession had bottomed out.
Asian markets slipped Thursday, after disappointing U.S. private employment and services sector data led investors to trim over extended bets and look for better points to buy again.
Today on Capitol Hill, the Senate Commerce Committee will question GM CEO Fritz Henderson and Chrysler President Jim Press about their moves to close roughly 2000 dealerships. For all the importance that comes with a Congressional hearing, don't expect much to change after this one.
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.
As the buzz about economic recovery grows louder, a new survey reveals the best place in the world to ride out the rest of the recession, which could be one of the first stops on the recovery train.
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.
Fears about a downgrade of the US credit rating are premature, but not entirely unwarranted after Britain's outlook was cut to negative, analysts told CNBC.
After the S&P Ratings Agency lowered its outlook on Britain to negative from stable, stoking fears other AAA-rated countries which are running huge debt levels could share a similar fate. Experts tell CNBC that a global government debt crisis is coming.
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.