Ahmad Usman, equity analyst for regional transportation at RHB Research Institute, discusses the impact of the ringgit's decline and accounting issues on AirAsia's results.» Read More
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.
Asian markets fell Monday as a rebound in oil prices to above $126 revived inflation concerns at a time when major economies such as the U.S. and Japan are already seen headed for tough times. Japan lost 1.2% while South Korea fell almost 2%.
Asian markets extended losses in the afternoon session Friday after disappointing U.S. economic data revived concerns about a recession in the world's top economy and bearish comments from former Fed chairman Alan Greenspan sank Wall Street.
Asian stocks were mostly higher Thursday, though markets pared back gains as investors weighed central bank support for the financial sector against continued uncertainty about growth and the worry that loose monetary policy could fuel inflation further out.
Asian markets rallied Wednesday as investors joined Wall Street's optimism that the worst news from U.S. banks might be over and took heart from a strengthening dollar and falling oil prices. Japan and Australia both closed higher.