Asian stocks rose Friday, with Japan's Nikkei closing almost 3 percent higher, led by chipmakers on expectations a slump in the sector may soon end, while oil prices retreated after testing a record high above $112 a barrel.
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.
South Koreans vote on Wednesday for a new parliament, widely expected to give conservatives the majority that new President Lee Myung-bak needs to push through his plans for sweeping change to revitalize the economy.
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.
Hynix Semiconductor, the world's second-biggest memory chip maker, said on Tuesday it had "marginally" raised the contract price for its computer memory chips for early April and expected further gains.
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.
South Korea's economy is estimated to have grown nearly 6 percent in the first quarter of this year over a year earlier but faces difficulty in the current quarter, a senior Finance Ministry official said on Friday.
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.
South Korean exports in March rose more than expected and by their fastest annual pace in five months, data showed on Tuesday, soothing concerns that a slowing U.S. economy was denting demand for the country's goods.
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.
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.
South Korea's current account deficit narrowed in February from the previous month as the goods account swung to surplus, central bank data showed on Friday.
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.
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.
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.
South Korea's central bank chief on Tuesday said an expected annual current account deficit and high inflation favored higher interest rates, although a slowing economy supported the case for steady or lower rates.