Sian Fenner, senior economist of Oxford Economics, says the Malaysian currency will stay under pressure as thousands pressure the scandal-ridden prime minister to step down.» Read More
Asia stocks rallied Friday, led by industrial companies and exporters, after a big upward revision to second quarter U.S. economic growth boosted the outlook for demand. Japan closed 2.4% higher, the market's bigger one-day percentage gain in three weeks.
Asian markets ended mixed Thursday in seesaw trading, following the Dow's firm close Wednesday on a rebound in financial stocks. Japan finished flat whilst South Korea fell over 1 percent and Australia climbed 1 percent.
Asian markets were flatish Wednesday, with stocks swinging in and out of negative territory. But exporter shares fell as the U.S. and euro zone economies sputtered though investors found some value in companies dependent on domestic growth.
Asian stocks were weak Tuesday, after more trouble in the U.S. financial sector, including a ninth bank failure, reminded investors of the frail state of the global economy. But both Japan and Australia finished off their session lows.
Asian markets rebounded Monday from a two-year low as the drop in oil prices lifted exporter shares. Both Japan and Australia finished over 1% higher.
Asian stocks slipped to a two-year low Friday, falling for a fourth straight week, as a surge in oil prices to above $121 knocked the U.S. dollar and the spiraling financial crisis showed no signs of ending.
Asian markets fell Thursday on gloom about the ability of exporters to weather a widespread economic slowdown, while the U.S. dollar slipped as oil prices rose to above $116 a barrel and halted a rally in the currency.
Most Asian markets edged higher Wednesday, rebounding from a two-year low as Chinese shares surged on hopes for policies from Beijing to jumpstart growth, though many analysts say this is a long shot.
Asian markets fell to a two-year low Tuesday, led by exporter shares, on fears the U.S. government will have to bail out the top mortgage finance companies, further destabilizing the financial sector.
Asian markets were mostly softer Monday, with Chinese stocks sliding over 5 percent. But the weaker yen helped Japan close over 1% higher, with exporters supporting that market.
Asian markets were mixed Friday as investors struggled to factor in, what extent potential recessions in Britain, Europe and Japan would have on corporate Asia's bottom line.
Asian stocks were mixed Thursday in volatile trading with markets seesawing between the red and black. Japan closed weaker and Australia finished in the black though giving back some gains made earlier on in the session.
Malaysia's Islamist party is set to back Anwar Ibrahim at an assembly on Friday, despite his looming trial on sodomy charges, and downplay its traditional commitment to Islamic laws.
Asian markets fell Wednesday, with regional shares outside of Japan hitting a 17-month low, on the growing risk of a sharp global economic slowdown. Japan and Australia both fell 2 percent.
Asian markets were mixed Tuesday with oil prices retreating for five of the last six days, as focus centered on the potential for further economic weakness, particularly after data showed Japan's wholesale inflation at the highest in 27 years.
With the exception of China, Asian markets rose sharply Monday as the U.S. dollar hit a six-month high against the euro and oil briefly slipped below $115 a barrel.
Asian markets pulled both ways on Friday, as Taipei jumped over 2 percent while Shanghai skidded, with concerns about the health of domestic and global economies dominating investor sentiment.
Major Asian markets were lower across the board Friday, with bank stocks hit especially hard, as more bad news out of the U.S. financial sector exacerbated worries about banks.
Major Asian markets put on a strong showing on Wednesday, tracking a Wall Street rally that came on the heels of the U.S. Federal Reserve's decision to leave interest rates unchanged.
Asian markets extended Monday's losses amid sharp falls in commodities and deepening fears of a weakening global economy.