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    Asian stocks closed firmly higher Wednesday, though off their earlier highs, after the U.S. Federal Reserve, in a joint effort with other central banks, said it would add up to $200 billion in funds to help resuscitate strained credit markets.

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    Asian markets moved out of negative territory and closed higher Tuesday. Japan and South Korea both ended over 1 percent higher despite initial sharp losses during the morning.

  • Investors study shares prices during the morning trading at RHB private stock market gallery in Kuala Lumpur, Friday, Feb.3, 2006. Malaysia's key stock index rose Friday to a 15-week high as foreign funds plowed into key bluechips after a long holiday. The Composite Index of 100 blue chip stocks ended at 927.85 points, up 13.84 points or 1.5 percent from last Friday's close. (AP Photo) **MALAYSIA OUT**

    Asian stocks slumped to a seven-week low Monday, following a fall in U.S. stocks last Friday, after data showed employment fell in February at its fastest rate in five years, heightening worries about the economy.

  • Stock investors watch stock movement at a stock exchange in Chengdu, China.

    Asian markets performed dismally Friday as fears of more credit-related losses hit financial shares and a record low U.S. dollar routed exporters. Japan, Australia and Hong Kong all closed over 3 percent lower. 

  • South Korea's central bank held interest rates steady for a seventh consecutive month on Friday, as widely expected, but economists said rates have probably peaked and may head down from as early as next month.

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    Asian markets rallied Thursday, with Japan and South Korea both finishing over 1 percent higher after more positive economic data out of the U.S. eased investor concerns over a global recession.

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    Asian stocks had a shaky performance Wednesday with markets drifting back and forth for most of the session, but ending mainly lower as credit worries and fears over the health of the U.S. economy lingered.

  • A man uses his mobile phone in front of electronic stock boards at the Australian Securities Exchange (ASX Ltd.) headquarters in Sydney, Australia.

    Asian markets closed mostly lower Tuesday, having drifted in and out of negative territory during volatile trading. Japan closed flat, but Chinese stocks ended 2.3 percent in the red. Gold and platinum hovered at or near record highs.

  • Stock investors watch stock movement at a stock exchange in Chengdu, China.

    Asian stocks bled into the afternoon Monday, with Tokyo the hardest hit market, closing 4.5 percent lower, burdened by growing fears about a U.S. recession and more writedowns in the financial sector.

  • South Korean February exports rose more than expected over a year before, while the trade deficit shrank sharply from January, alleviating worries a slowing global economy is denting demand for the country's products.

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    Asian markets were heavily soldoff Friday, with the exception of Chinese stocks, as the specter of a U.S. recession haunted Asian investors as the U.S. dollar hit a three-year lower against the yen and gold and oil prices struck all-time highs.

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    Asian markets ended mostly lower Thursday as worries about the sickly U.S. economy were exacerbated by a falling dollar, which could prop up U.S. firms at the expense of Asia's exporters.

  • South Korea posted its biggest monthly current account deficit in almost 11 years in January as the goods trade account swung to a deficit while the services account deficit rose, central bank data showed on Thursday.

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    Asian markets closed higher across the board Wednesday, marking a third straight session of gains. Hong Kong was the best performer, closing over 3 percent higher, and Japan ended over 1 percent up.

  • A man uses his mobile phone in front of electronic stock boards at the Australian Securities Exchange (ASX Ltd.) headquarters in Sydney, Australia.

    Asian stocks pulled back from an early rally to close broadly higher Tuesday. Japan ended weaker and South Korea closed flat. But Australia managed to hang on to its advance to finish in positive territory.

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    Asian markets rallied in the afternoon session Monday with financials stocks advancing on talks of a possible rescue plan for U.S. bond insurer Ambac. Japan surged 3 percent, but Shanghai shares slumped over 4 percent.  

  • Asian markets closed lower Friday, with investors spooked by fresh evidence that the U.S. economy is in recession. Japan and South Korea both closed 1 percent lower.

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    Most Asian markets made firm gains Thursday, as solid earnings and expectations of further U.S. interest rate cuts outweighed worries about inflation, even as oil hit a record high above $101 a barrel.

  • South Korean investigators looking into allegations the president-elect was involved in securities fraud said on Thursday they found no wrongdoing, defusing a scandal that analysts said could have undermined his authority.

  • Asian markets closed sharply lower Wednesday with Japan losing over 3 percent lower and both Australia and South Korea ending around 2 percent down.