Asia News

Related Travel Information

Asia Roundup: Stocks continue sharp falls

Asia Roundup: Stocks continue sharp falls HONG KONG: Asian stocks continued their sharp decline yesterday with sentiment turning increasingly negative on the short-term outlook amid tumbling commodity prices and volatile trade on Wall Street. Investors desperately looking for clear direction only got more confusion from very mixed US housing and durable goods data overnight, adding to the uncertainty on future interest rate trends in the United States. TOKYO: Share prices closed down 1.34 per cent as foreign investors pulled out funds on worries about higher US interest rates and recent falls in commodities prices. The Nikkei-225 index fell 213.45 points to 15,693.75. Volume

East Asia summit ends with Japan-China handshake

East Asia summit ends with Japan-China handshake East Asia’s first summit of leaders ended on Wednesday with an agreement to hold annual talks on strategic issues such as trade and security — and a rare handshake between the leaders of Japan and China. The gesture, after months of feuding between Asia’s two biggest economies over their wartime past, came after 16 leaders signed a declaration calling for annual talks on issues that also included health scares such as bird flu and energy security. “We have all agreed that East Asian community will be a reality in the future,” Malaysian Prime Minister

Asia Roundup: Shares finish mostly lower

Asia Roundup: Shares finish mostly lower Asian stocks closed mostly lower yesterday, extending losses after US wage data undercut the widely held view that the US Federal Reserve had no more reason to hike interest rates again, dealers said. TOKYO: Japanese share prices were down sharply after a soft performance on Wall Street overnight, dealers said. The Tokyo Stock Exchanges benchmark Nikkei-225 index fell 271.68 points or 1.67 per cent to 16,012.41, off a low of 15,944.03. The broader TOPIX index of all first-section stocks dropped 29.36 points or 1.79 per cent to 1,613.46. Volume fell to 1.72 billion shares. More : btimes.com.my

Asia Roundup: Marts rebound on Wall St gains

Asia Roundup: Marts rebound on Wall St gains Asian stocks rebounded yesterday in a continued roller coaster ride, with investors taking courage from gains on Wall Street after US growth figures suggested the recent panic over interest rates might be overdone. Dealers said it was a relief to see solid gains after the battering the markets have taken over the past few weeks on fears the US Federal Reserve could hike rates further than expected to dampen growth and inflation. Dealers said investors need certainty above all on US interest rates - let them be up, unchanged or down, it does not matter

Asia Roundup: Markets narrowly mixed

Asia Roundup: Markets narrowly mixed Asian stocks closed narrowly mixed yesterday with investors taking to the wings ahead of key economic data due out of the US and possible leads on the future of interest rates. Broadly the mood remained positive with oil prices retreating again in the wake of a ceasefire in Lebanon and the prospect that BP would maintain half of its output in a key Alaskan oil field. TOKYO: Share prices closed mixed, with the key Nikkei index falling slightly on profit-taking following solid gains the previous day. The Nikkei-225 Index fell 40.92 points, or 0.26 per cent, to