Asian Stock Markets

Asian shares mixed, Nikkei up on weaker yen

Wall Street helped support Asian markets after the Dow and S&P 500 closed at record highs for a third straight session. Photo: AFP

Asian markets were mixed on Tuesday following a rally in the previous session, while Tokyo enjoyed a pick-up after a long weekend as the dollar remained strong against the yen.

Tuesday, 16 July, 2013, 11:59am

Asian shares up after China growth data, Wall St rally

Asian markets edged higher after economic data from China was in line with expectations. Photo: AFP

Asian markets rose on Monday after China released data showing the economy grew in line with expectations in the April-June quarter.

While the news out of Beijing pointed to a further weakening in the economy, it met forecasts and added to broadly upbeat sentiment that was helped by another record-breaking finish on Wall Street.

15 Jul 2013 - 11:41am

Asia shares rise as ECB says rates rise ’very distant’

Comments by European Central Bank chief Mario Draghi that the ECB would keep interest rates at record lows for “as long as necessary” helped allay investor fears. Photo: Xinhua

Asian markets climbed on Friday after the European Central Bank said it would keep interest rates at record lows for “as long as necessary”, while concerns over Portugal’s political crisis also abated.

5 Jul 2013 - 11:00am

Asian shares mostly higher on bargain buying

Asian stock markets found support in early trade on Tuesday, propped up by a wave of bargain-hunters. Photo: AFP

Asian markets mostly edged up on Tuesday as bargain hunters moved in following a sell-off over the past week, while ongoing concerns about liquidity in China kept Shanghai in negative territory.

25 Jun 2013 - 11:01am

Asian shares fall on Fed plan, credit fears hit China

China led the region’s stock markets down, with investors jittery that the People’s Bank of China may inadvertently unsettle the mainland economy. Photo: AFP

Asian markets tumbled Monday, extending last week’s falls after the US Federal Reserve indicated it could reel in its stimulus later in the year, while Hong Kong and Shanghai were stung by a liquidity crisis in China.

However, the Fed’s announcement that it could soon start winding down its bond-buying continued to provide support to the dollar, pushing it back towards 100 yen.

24 Jun 2013 - 5:35pm

Asian stocks steady after wild week

Investors have found safety in the Japanese yen. Photo: Reuters

Asian equities ended a volatile week on a calm note, recovering some of the poise lost when Japanese stocks sank into bear market territory. The best gauge of what is happening to stocks remains the currency markets, where the rapid unwinding of underwater short yen positions saw investors sell stocks to close those positions.

15 Jun 2013 - 4:01am

Asian markets rebound after sell-off

Bargainhunting helped lift Japan’s Nikkei index after it slumped more than six per cent in the previous session. Markets across the region also rose. Photo: AFP

Asian markets rebounded on Friday after the previous day’s huge sell-off, with dealers picking up bargains in Tokyo, helped by a Wall Street rally and upbeat US data.

The dollar slipped after enjoying a bright start, however, which in turn pared early gains for Japan’s Nikkei index, with fears over a possible end to central bank monetary easing continuing to drag on sentiment.

14 Jun 2013 - 11:38am

Asia shares buoyed by US data, dollar holds steady

Asian shares were mostly higher on Tuesday, with the greenback holding on to its gains after better-than-expected US retail figures highlighted a steady recovery in the world’s largest economy.

15 May 2013 - 8:02am

Asian stocks up on Wall St rise, German data

Corey Prinz (centre) and Mary Harris (right) applaud as the Dow Jones Industrial Average closes above 15,000 for the first time. Wall Street is helping lift Asian stocks in early trade. Photo: AP

Asian markets rose on Wednesday after the Dow closed at a record high on renewed optimism over the US economy and European markets soared following the release of impressive German factory orders data.

Tokyo climbed 1.35 per cent by the break, a day after the Nikkei finished at its highest level in almost five years, Seoul gained 0.25 per cent and Sydney increased 0.77 per cent.

8 May 2013 - 11:50am

Asian markets up on China data, yen sinks further

Asian markets rose on Tuesday, boosted by positive inflation data from China, while Tokyo extended its winning streak as the yen sank to multi-year lows.

Wall Street also provided a strong lead ahead of the January-March corporate earnings season.

9 Apr 2013 - 11:44am

Asian markets mostly rise, strong yen hits Nikkei

Asian markets mostly rose on Tuesday in the first full session after the Easter break, but Japanese shares sank for a second straight day as the yen extended its recent gains.

The greenback came under renewed selling pressure after a weak set of US manufacturing data raised concerns about the economy, while the euro remains under pressure owing to political deadlock in Italy.

2 Apr 2013 - 11:50am

Asian markets slip, spooked by euro zone fears

Asian markets slipped on Thursday and the euro sat around four-month dollar lows as euro zone fears reared again, with Italy’s politicians still unable to form a government weeks after an election.

The dollar also slipped as traders moved into the safety of the yen owing to growing uncertainty over the global outlook.

28 Mar 2013 - 11:16am

Asian markets rise as Dow sets new record

Asian markets rose on Wednesday, boosted by another record high for the Dow on Wall Street while concerns over the Cyprus bailout receded.

The euro also edged higher, although dealers remain uneasy about the outlook for the wider euro zone in light of the Cyprus crisis while there is also ongoing political uncertainty in Italy.

27 Mar 2013 - 11:32am

Asian markets slip on Europe bank levy comments

Asian markets dipped on Tuesday after a top euro zone official suggested a levy on bank deposits used as part of the Cyprus bailout could be a template for future rescues in the troubled region.

26 Mar 2013 - 11:20am

Cyprus deal boosts Asian markets

Asian markets rallied on Monday after Cyprus and and its international leaders struck a deal that will qualify the island for a bailout and avoid the collapse of its banking system.

The euro also enjoyed a bump as investors bought on relief that European officials had come to a last-minute agreement they hope will draw a line under a crisis that sent shares tumbling last week.

25 Mar 2013 - 11:07am