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STOCKS NEWS ASIA-Tokyo slips but energy stocks rise

STOCKS NEWS ASIA-Tokyo slips but energy stocks rise Asian stock markets were mixed on Tuesday with Tokyo down slightly as investors sold shares such as MUFG, the worlds biggest bank by assets, a day after it posted a drop in profit. Higher oil prices helped drive energy stocks such as Australias Woodside Petroleum higher. U.S. crude was at $74.35 in early trade, up from a low of $72.77 on Monday. At 0025 GMT, Tokyos Nikkei average < .N225> had lost 0.18 percent as chip-tester maker Advantest Corp. (6857.T: Quote, Profile, Research), industrial robot maker Fanuc (6954.T: Quote, Profile, Research) and

Asia Roundup: Technical rebound for regions stocks

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

Asia Pacific airlines should cut fuel surcharges on passengers - CAPA

Asia Pacific airlines should cut fuel surcharges on passengers - CAPA SINGAPORE (AFX) - The Centre for Asia Pacific Aviation (CAPA) warned that airlines should consider cutting their fuel surcharges on passenger tickets in the face of slowing travel demand and amid concerns over bird flu. CAPA executive chairman Peter Harbison said he will push this message in the annual aviation outlook summit which will be held on Dec. 5-6 in Kuala Lumpur. He noted that some freight carriers have already started to ease their surcharges to reflect the lower jet fuel prices. 'But passenger airlines appear reluctant to move on

Markets dragged down by tech stocks

Markets dragged down by tech stocks Asian technology stocks , such as South Koreas Samsung Electronics, fell on Tuesday in line with their U.S. peers as earnings worries grew after a profit warning from U.S. data storage equipment maker EMC Corp. (EMC.N: Quote, Profile, Research). A drop in oil prices also weighed on energy stocks such as Australias Woodside Petroleum (WPL.AX: Quote, Profile, Research). U.S. crude was at $73.45 in early Asian trade, down from the record peak of $75.78 set on Friday. By 0020 GMT, Tokyos Nikkei average < .N225> had lost 0.61 percent, due partly to falls of

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