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.
There wasn't much doubt by the end of last week that come late Saturday evening, Australia would indeed see a new Prime Minister and a Labor win. But few suspected the bloodbath, John Howard's ruling Coalition government of 11 solid years would suffer.
It was a mixed session for Asian stocks on Friday with some markets gaining ground as investors picked up beaten-down shares after a six-session losing streak. But trading was dulled by holidays in Japan and the United States.
After more than 11 years in power, Australia's Prime Minister John Howard is now fighting for his political life as opinion polls continue to point to a Labor victory.
Shareholders of Publishing and Broadcasting on Friday voted to approve the company's split into separate gaming and publishing arms.
After a volatile trading session, Asian markets ended mostly lower as caution prevailed amid worries about the health of the U.S. economy -- the region's top export destination.
Oil prices spiked to a record high just shy of $100 a barrel lifting the shares of energy firms, but financial stocks sank Asian markets. Japan closed 2.4 percent lower whilst South Korea shed 3.5 percent.
Trading proved volatile in the afternoon Asia session Tuesday with markets see-sawing and in out of the black. Australia and South Korea ended lower, but a late turnaround pushed Japanese stocks out of the red with the Nikkei closing 1.1 percent higher.
Asian markets closed mostly lower Monday with investors selling stocks on U.S. economic concerns amid a lack of market-moving factors. Japan and South Korea both finished lower after initial gains during the morning session.
Asian markets closed sharply down Friday, amid renewed worries about the health of the U.S. economy and the effects of the credit crunch on the broader global economy. Japan, South Korea and Australia all declined.
Asian markets closed lower Thursday, with investors selling ahead of key U.S. October consumer inflation data due later today. Japan, South Korea and Australia all finished lower despite trading higher throughout most of the session.
Asian markets rebounded after four straight sessions of losses, with some markets climbing nearly 5 percent as investors picked up financials and other battered stocks.
Asian markets closed mixed Tuesday, with Japan ending weaker for an eight consecutive session. But South Korea and Australia managed to eke out gains after weaving in and out of negative territory throughout the day.
Asian markets closed sharply down Monday, with investors dumping stocks and seeking safer bets after more evidence that U.S. subprime-mortgage related woes continue to feed into the global banking sector and economy. Japan and South Korea closed sharply lower, with today's losses wiping out all of the Nikkei's gains for 2007.
Australia's central bank on Monday raised its forecasts for underlying inflation to above its 2 to 3 percent comfort zone, strongly suggesting that further increases in interest rates might be needed to restrain price pressures and cool the red-hot economy
BHP Billiton, the world's biggest mining group, is considering the sale of one of its largest units, BHP Petroleum, to help finance a hostile takeover of Rio Tinto, the UK Sunday Times newspaper said.
Asian markets closed mixed, with stocks under pressure as the U.S. dollar slumped to a record low against the euro in the afternoon session Friday. Japan shed over 1 percent but South Korea and Australia both finished higher.
Asian markets closed deep in the red Thursday as investors dumped financial shares on credit fears. Japan finished 2 percent lower and South Korea shed 3.1 percent.