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.
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.
Asian markets rallied on Wednesday as investors took a shine to the U.S. Federal Reserve's interest rate cut. Australia had a spectacular session, finishing 4% higher. Japan and South Korea both ended over 2% higher.
Asian stocks closed mostly higher Tuesday after Monday's selloff as battered financials regained some luster ahead of a Federal Reserve meeting that is expected to yield steep U.S. rate cuts. Japan finished 1.5 percent higher, but Australia closed flat.
Asian markets plunged Monday, but stocks were off session lows. Japan closed 3.7 percent lower and Hong Kong fell 5 percent.
Asian stocks ended mixed Friday as investors were uncertain about whether the worst was indeed over for credit markets. Japan shed 1.5 percent but Australia managed to hang on to gains closing 1.4 percent higher.
Asian markets sank Thursday with investors spooked by news that Netherlands-listed fund Carlyle Capital, expects its lenders to seize its assets and cause its likely liquidation. Carlyle Capital is an affiliate of private equity firm Carlyle Group.
Dutch electronics giant Philips continued to offload stock in its South Korean flat screen joint venture, selling about $1 billion worth of shares in LG Display.