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 just as long as the lead is absolutely clear to allow for a rational calculation of profit and loss.
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Asia Roundup: Marts end on weaker note
HONG KONG: Asian markets closed mostly lower yesterday as investors took profits on Thursdays sharp gains after a volatile week marked by high oil prices and escalating violence in the Middle East, dealers said.
TOKYO: Shares fell for the first day in three as a pullback on Wall Street overnight prompted investors to lock in some of the sharp gains posted Thursday, dealers said. The Nikkei-225 index declined 125.58 points at 14,821.26.
SEOUL: Prices closed 0.15 per cent lower, slipping back after Thursdays sharp gains following a weaker Wall Street performance overnight, dealers said. The
Asia Roundup: Markets ride on Wall Street gains
HONG KONG: Asian stocks managed a solid rebound yesterday following Wall Streets lead as investors resigned themselves to a US rate hike later and hoped for some policy clarity from the US Federal Reserve (Fed), dealers said.
They said the gains were encouraging as they suggested investors were calmer about the prospect of higher US interest rates but much would depend on what the Fed had to say on the outlook for monetary policy.
TOKYO: Shares rallied 1.58 per cent as bargain hunters scooped up beaten down stocks, encouraged by overnight gains on Wall Street.
Asia Roundup: Marts end week mostly higher
Asian stocks closed mostly higher yesterday but gains were capped by limited profit- taking ahead of the release of key US employment data due out later in the day.
Tokyo closed flat, while mild gains were registered in Hong Kong, Seoul, Singapore, Manila, Wellington and Kuala Lumpur which was also buoyed by company tax cuts announced in the Governments latest budget.
Mutual funds supported a solid finish in Mumbai while Bangkok and Jakarta were sharply higher on improved inflation numbers.
Shanghai and Sydney were lower as profit-taking won out on the day.
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Asia Roundup: Local issues dominate trade
HONG KONG: Asian stocks closed mixed yesterday helped partially by gains on Wall Street but dealers said local issues again dominated trade.
They said an easing in oil prices and a steady dollar had enabled investors to content themselves with domestic factors.
TOKYO: Share prices closed 0.34 per cent higher, supported by positive domestic earnings news and a jump in Wall Streets blue-chip index to a six-year high. The Nikkei-225 index advanced 58.61 points to 17,114.54. Volume was 1.65 billion shares, up from 1.61 billion Wednesday.
SEOUL: Share prices eked out narrow gains for another record finish. The
Asia Roundup: Technical rebound for regions stocks
HONG KONG: Asian stocks closed mostly higher yesterday in a technical bounce following a sell-off last week prompted by an unexpected increase in Chinese interest rates.
Dealers said the sell-down had been over-done and created buying opportunities with sentiment strong enough to offset the negative impact of overnight falls on Wall Street.
Shanghai was closed for a holiday.
TOKYO: Share prices closed 1.35 per cent higher as a weaker yen, which helps exporters, encouraged buying ahead of a three-day national holiday.
The Nikkei-225 index advanced 228.06 points to 17,153.77. Volume was 1.44 million shares, up from 1.32
