*China shares see biggest weekly drop in more than 3 months. "Miners are suffering from China and a stronger U.S. dollar outlook. There is clearly a risk that China will try and devalue the currency further, "said Ankit Gheedia, equity and derivative strategist at BNP Paribas.» Read More
Asian markets were sharply lower at the end of trading Monday, with most of the benchmark indexes over 3 percent down at the close. Financial stocks sank as rising U.S. inflation lessened expectations for rate cuts in the world's biggest economy.
A credit ratings downgrade for U.S. banking giant Citigroup sent Asian financial stocks lower Friday, while the yen sagged after Japanese business sentiment dropped to two-year lows.
Skepticism about plans by major central banks to tackle tight credit conditions kept Asian stocks subdued Thursday, with all of the benchmark indexes marking a loss for the day.
Asian markets closed mostly lower Tuesday, after the U.S. Federal Reserve's decision to cut interest rates failed to shore-up investor confidence. South Korean and Australian markets managed to finish slightly higher, however.
Asian markets ended firmly in the green Tuesday in the run up to an interest-rate decision in the U.S. and following a Wall Street rally Monday as credit concerns eased.
Asian markets ended mostly lower Monday as caution prevailed ahead of a U.S. central bank policy meeting due early this week. Japan closed a touch lower, but South Korea shed almost 1.4 percent.
Asian markets finished mostly higher Friday, as worries about a U.S. recession eased after American President George W. Bush unveiled plans aimed at stemming U.S. home-loan foreclosures. Japan closed at a four-week high, but Hong Kong and South Korea finished firmly in the red.
Asian markets closed mostly higher Thursday, as investors were cheered by upbeat U.S. data. Australia, South Korea and Japan all finished higher, but Singapore and China slipped into the red.
Asian markets closed in positive territory Wednesday, with the exception of Australia's S&P/ASX 200 index, despite growing fears the U.S. economy might slip into recession. Both South Korea and Japan closed higher after spending most of the morning in negative territory.
Asian markets finished mixed Tuesday as investors fretted over the health of the U.S. economy. Japan closed almost 1 percent lower, but South Korea and China made gains of almost 1 percent.
Asian stock markets took a breather Monday and were largely unchanged from Friday's close, after posting their best weekly gain in more than three months last week. Japan and South Korea both closed a touch lower.
Asian markets closed mostly higher Friday after comments by Federal Reserve Chairman Ben Bernanke raised hopes for an interest-rate cut in December, but China's Shanghai Composite Index ended sharply lower as PetroChina and financial stocks fell.
Asian markets ended higher across the board Thursday, as risk appetite returned to the market after comments from the vice chairman of the Federal Reserve bolstered expectations for a U.S. interest rate cut.
Asian markets slipped into the red Wednesday, with the exception of the Hang Seng index, paring back the modest gains made in the morning. Japan finished down while South Korea closed over 1 percent lower.
Asian markets see-sawed in volatile trade Tuesday to end mixed as financial counters rebounded on news that Citigroup will receive a large cash infusion from the investment arm of the Abu Dhabi government. The news pushed the Japanese and South Korean markets back into the black after spending most of the session in negative territory.
Asian markets surged to close firmly in the green Monday, with the exception of China's Shanghai Composite index, reversing four straight weeks of losses. Tokyo gained 1.6 percent, but South Korea came out tops with a whopping 4.7 percent advance.