*Sterling tumbles as poor U.K. data stoke recession worries. NEW YORK, July 22- U.S. stock prices rose on Friday, marking four straight weeks of gains, while sterling dropped on bleak data that raised fears about a possible British recession following the country's June 23 vote to leave the European Union. You have a strong package of data that have been constructive... » Read More
Asian stocks rose Tuesday, with Japan's Nikkei surging almost 5 percent higher following a gain in U.S. markets and as exporters rebounded on a weaker yen.
Japanese stocks finished lower Monday. Tokyo was the only major Asian market open amid a slew of regional holidays, as investors braced for key earning results this week from Sony, Honda and other major names.
Asian stocks fell to a 1-1/2-month low Friday, weighed by poor corporate results in the technology sector. The Australian market was the worst hit, shedding 4% with financials leading the declines.
Asia stocks gained momentum in the afternoon to trade firmly in positive territory after the Bank of Japan said it would buy corporate bonds to ease an increasingly severe funding squeeze. Financials were mostly higher across the board after bank shares fuelled a Wall Street rally, but with global economic gloom still pervasive, safe-haven trades such as the yen and U.S. Treasuries also rose.
Continued signs of trouble in the financial sector and worrisome economic data sent Asian shares to their lowest in more than six weeks Wednesday, bolstering the dollar and other assets that shine in uncertain times.
Asian markets slumped Tuesday on concerns that increasing woes in the global financial sector will deepen the world's economic downturn, highlighting the difficulties confronting incoming U.S. President Barack Obama.
Asian markets were mostly higher Monday while the greenback lost ground as investors looked for U.S. President-elect Barack Obama to quickly roll out hefty economic stimulus spending and a revived plan to buy bad bank assets.
Major Asian markets rose on Wednesday, with markets from Japan to China and Australia logging decent gains, but continued worries about corporate earnings persisted.
Fears of steep losses at corporate bellwethers from Citigroup to Sony hit Asian shares on Tuesday, signaling the extent of the global economic slowdown and bolstering less risky assets such as government debt.
Asian stocks slipped for a fourth consecutive session and the yen climbed against the euro Monday, as a relentless global economic slowdown renewed investor caution about taking on risk.
Asian markets were mixed Friday, with South Korea's Kospi shedding 2 percent after the central bank cut rates.
Asian stocks dropped sharply Thursday, with a recent rebound in investor willingness to take risks jeopardized by dire U.S. private employment data and fears about corporate earnings.
Asian stocks were mostly higher Wednesday, extending their recent rally into an eighth straight day, inspired by hopes massive U.S. government spending and tax cuts will continue to support the dollar and stimulate demand for exports.
Asian markets were mostly higher Tuesday despite some weakness on Wall Street, with shares of Japanese exporters spurred by recent weakness in the yen.
Asian stocks hit a two-month high Monday, with investors betting the global economy will start to recover later this year by shedding some of their big holdings of safe-haven government bonds.
It's a quiet start to the New Year in Asia this Friday, with major markets like Japan and China closed for holidays. Trading volumes are very thin with many investors still away on vacation.
Asian markets ended the last trading session of 2008 mostly higher. However, markets suffered record losses for the whole year.
Asian markets closed mixed Tuesday in thin year-end trading. Oil prices and shares of resource producers rose as violence in the middle east escalated stirring caution among investors and denting the dollar.
Asian stocks closed mixed Monday with Japan pushing back into the black right at the end of the Nikkei's trading session. Bank and financial shares weaker and energy-sensitive shares such as airlines falling on the oil rebound. Trading activity was limited before New Year's holiday.
Asian stocks finished the Christmas Eve session mixed with markets closing early, in holiday-thinned trade Wednesday.