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Asian markets finished higher across the board Tuesday, with Hong Kong, Australia, Singapore and South Korea in record-breaking territory lifted by financial companies after big banks, including Citigroup, set out their losses from subprime crisis, raising hopes that the worst may be over.
South Korea's president arrived in Pyongyang on Tuesday to the cheers of North Koreans and the handshake of leader Kim Jong-il for a summit aimed at ending a half century of animosity born in the Cold War.
South Korea's current account surplus hit a nine-month high in August on booming exports despite a slow U.S. economy, data showed on Tuesday, putting fresh upward pressure on an already-rising won.
Asian markets finished broadly in positive territory Monday, with Singapore seeing the best of the day's gains. Japan and South Korea both finished higher but Australia gave up earlier gains to close just a touch lower.
South Korean exports in September unexpectedly suffered their first annual drop in more than five years on long holidays, data showed on Monday, amid lingering concern about increasingly uncertain global economic conditions.
Asian markets finished the week mixed Friday with Australia setting a new record as the surge in oil and commodity prices boosted shares of resource producers. But Japanese stocks lost steam after yesterday's advance and finished the day weaker.
Asian markets closed higher across the board Thursday, with banking and technology stocks climbing after gains on Wall Street. Australia closed at a new peak while Japan finished at a six-week high.
Asian stocks finished mostly in the green Wednesday, following a quiet trading day with a couple of markets closed for public holidays. The U.S. dollar hit another record low against the euro after weak U.S. economic data boosted expectations the Federal Reserve will cut interest rates again next month.
Renewed concerns about credit markets and a slide in the U.S. dollar hurt some Asian financial and technology stocks Tuesday, but higher metals prices pushed Australian shares to close at a record high.
Asian markets closed firmly higher Monday with Australia setting a new record close, though trading was light due to holidays in Japan, South Korea and Taiwan.
Asian markets had a mixed end to the week as worries about U.S. inflation grew on the back of a persistently weak U.S. dollar. Japan closed lower but South Korea finished at a seven-week high despite spending most of the session in flat territory.
Asian stocks were mixed in lackluster trade Thursday. Markets drifted in a narrow range in and out of positive territory. But Japan, South Korea and Australia managed to make some gains.
Global index compiler FTSE dashed hopes on Thursday that South Korea and Taiwan would be upgraded to advanced market status, saying more work was needed in areas such as off-exchange transactions.
Asian markets rallied Wednesday after the U.S. Federal Reserve slashed two key interest rates -- the benchmark fed fund rate and the discount rate -- by 50 basis points each. Japan soared 3.7% and South Korea closed 3.5% higher.
Asian markets were mostly lower Tuesday as financial shares lost ground amid spreading turmoil in financial markets. Japan shed 2% while South Korea closed 1.77% lower.
Asian stocks finished mostly lower Monday, taking a breather after four straight weeks of gains. The Shanghai Composite Index closed 2% higher and South Korea ended a touch stronger after spending most of the day in negative territory. Australia finished weaker. A public holiday in Japan kept the yen subdued. Markets there were closed for a holiday and will reopen Tuesday.
Asian markets finished the week higher across the board, boosted by financial shares with Japan closing almost 2% higher. However caution ahead of U.S. retail sales data due later in the session kept the U.S. dollar under pressure.
Most of the Asian indexes closed in positive territory Thursday following a very choppy trading session, with South Korea closing almost 2% higher. Energy shares rallied as oil held near a record peak above $80 set overnight.
South Korea will loosen regulations on foreign asset management firms and domestic private equity funds as early as this year, the finance ministry said on Thursday.
Asian markets finished mixed Wednesday with Tokyo stocks closing lower on news that Prime Minister Shinzo Abe had resigned.