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Asian markets closed mixed Thursday while the U.S. dollar remained weak on concerns about the impact of a credit crisis on the global economy and as record oil prices fuel inflation worries.
Asian markets took a turn into negative territory while the U.S. dollar stayed weak Wednesday as worries resurfaced about the economy and a global financial crisis. Japan closed 1.1% lower.
Most Asian markets sagged Tuesday, led by financials as news of a possible capital injection at Washington Mutual failed to eliminate concerns about more bank writedowns.
Asian markets rose Monday, with resource companies benefiting from stronger metals and oil prices, while the dollar rose, shrugging off worse-than-expected U.S. job losses. But concerns about the impact of the credit crisis on the financial system lingered, driving banking shares lower. Japan closed over 1 percent higher.
Asian markets closed near one-month highs Friday, with investors trading cautiously ahead of U.S. jobs report that is expected to raise fresh concerns that the economy is closer to a recession. Japan finished lower, but South Korea and Australia closed almost unchanged.
Asian stocks rose to their highest in a month Thursday as a rally in gold and oil lifted resource shares. Japan and Australia both finished over 1% higher.
Markets surged Wednesday after a Lehman Brothers securities offering in the U.S. met strong demand, raising hopes in Asia that the worst of the credit crisis might be over. Japan closed over 4% higher, while Australia and South Korea both added 2%.
Asian stocks closed mixed Tuesday as markets pared back gains ahead of a raft of economic indicators due out this week. Investors are wary over the prospect of a serious global economic slowdown.
Asian markets ended mostly weaker Monday, heading for their worst quarterly performance in over five years. Japan finished down over 2 percent, but South Korea and Australia managed to eke out slight gains after treading lower for most of the session.
South Korea's Kookmin Bank said on Monday it would sell its 14 percent stake in Bank Internasional Indonesia to Malayan Banking for $378 million.
Asian markets closed firmly higher Friday, despite a weak start to trading, with Chinese stocks jumping nearly 5 percent. Gains were all the more impressive given Wall Street's fall.
Asian markets ended mostly lower Thursday as financials slipped on worries over bank earnings, and after a drop in U.S. durable goods stoked concerns the world's top economy is already in a recession. Both Japan and China finished weaker.
Shares in Malaysia's biggest lender, Malayan Banking, tumbled to a 3-1/2-year low on Thursday after it offered to buy Bank Internasional Indonesia for $2.7 billion.
Asian markets were mixed Wednesday, with Japan closing lower but South Korea edging up. The U.S. dollar sagged after the biggest drop in U.S. consumer confidence in five years cast doubt on the economy's resilience in the face of a housing and credit slump.
Malaysian lender Malayan Banking, has secured a controlling stake in Indonesia's sixth-biggest lender, Bank Internasional Indonesia, for $1.5 billion, Maybank said on Wednesday.
Asian markets climbed Tuesday following news of JPMorgan's raised bid for Bear Stearns. Expectations for a recovery in U.S. credit markets cheered investors. Hong Kong stocks jumped over 6 percent and Japan finished over 2 percent higher.
Malaysia's prime minister vowed on Tuesday to speed up economic reform after voters gave his government a sharp wake-up call at elections this month.
Asian stocks ran flat to higher Monday. Japan and South Korea finished in the black. Trading activity was muted markets in Australia and Hong Kong closed for the Easter holiday. They will reopen Tuesday. Friday was a holiday in the United States and around 40 other countries worldwide.
Asian stocks were mostly stronger this Good Friday, following gains on Wall Street. Japan and South Korea both finished over 1% higher. Markets in Australia, Hong Kong, India, Indonesia and Singapore are closed for the Good Friday holiday.
Asian stocks bounced around in the afternoon session Thursday, with Chinese markets oscillating wildly, losing as much as 6.5% at one point, but swinging back into the black, now trading over 2% higher.