After a brief pause in the morning session, Asian stocks regained momentum to extend their record run in the afternoon and close higher across the board. Markets in Hong Kong, Australia and South Korea all touched lifetime highs.
Asian markets closed broadly higher Wednesday, having been cheered by a rally on Wall Street the previous day after the Federal Open Market Committee's meeting minutes revealed a unanimous decision to cut US interest rates.
Singapore's central bank unexpectedly moved to keep inflation in check by tightening its monetary policy and allowing the Singapore dollar to rise, amid signs that it is worried over rising prices. Separately, the economy grew a seasonally adjusted rate of 6.4% in the third quarter.
Singapore's state investment firm Temasek Holdings said on Wednesday that it would defend itself against the findings by Indonesia's anti-trust body KPPU that it had violated the country's anti-monopoly laws.
Asian markets swung back into positive territory to close higher Tuesday with Australia setting a new record and South Korea finishing almost flat after an erratic session with stocks see-sawing.
Asian markets finished mixed Monday, with South Korea closing at a new record high while China closed having reached record intra-day peaks. Trading volume was thin with Japanese markets closed for a one-day holiday.
Asian stocks had a mixed end to the week as many investors stayed out of the market in the run-up to the U.S. jobs data due later Friday. Japanese, South Korean and Taiwanese stocks were weaker, but the Heng Seng enjoyed a late-session rally.
Asian stocks finished mostly lower Thursday as losses in the chip sector pulled the major indexes into the red, following a negative report on Intel.
Asian stocks finished mixed Wednesday following a late-session decline in Hong Kong and Singapore as investors took profits in the wake of a two-day rally.
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.
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.
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.
Singapore Exchange, Asia's second-largest listed bourse operator, said on Friday it may acquire small stakes in other stock market operators or allow them to take stakes in it.
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.
Shares of China Eastern Airlines, Cathay Pacific Airways and Air China nose-dived on Tuesday after Air China and Cathay said they would not proceed with a plan to buy a slice of China Eastern. .
Singapore lender DBS Group's chief executive resigned, after a run of bad news battered the company's share price, leaving an unfulfilled quest to make the bank a big Asian player.
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.
Cathay Pacific Airways is looking to invest in China Eastern Airlines, a move that could derail rival Singapore Airlines's deal to acquire a stake in the mainland carrier, according to newspaper reports.