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Stock fund selling eases in Asia, but outlook shaky

Stock fund selling eases in Asia, but outlook shaky Foreign investors have started cautiously nibbling at beaten-down Indian stocks and could start returning to other Asian markets after having been net sellers over the previous five weeks. Foreign cash was a major factor in powering last years run towards record highs in Asian share markets, but a global correction that began in the second week of May has prompted many funds to pull cash out of riskier emerging market assets. In the past six years, sustained outflows from Asia-dedicated funds tended to persist for six to seven weeks. The longest such stretch

Autos drive European shares down

Autos drive European shares down European shares ended lower on Friday but U.S. data showing strong economic growth and softer inflation helped the market pare losses from car and technology stocks after disappointing earnings. A below-forecast profit rise pounded Volkswagen shares 5.4 percent lower, dragging down the sector, while a lower-than-expected profit and forecasts from tech bellwether Microsoft hit European peers such as SAP. But pharmaceutical stocks shone for a second session as a panel of European experts backed the use of Sanofi-Aventiss anti-obesity pill Acomplia, the French groups biggest new drug hope, while GlaxoSmithKline basked in broker upgrades a day after the

Profit optimism fuels rise in Asia

Profit optimism fuels rise in Asia Asian stocks rose Wednesday, led by Toyota Motor Corp., as speculation that the regions economy will sustain profit growth halted a slide after the biggest drop in more than two years. The declines this week and the last were just excessive, and that has prompted some buying of companies with sound earnings outlooks, said Haruo Otsuka at Toyota Asset Management Co. in Tokyo. The Morgan Stanley Capital International Asia Pacific index increased 0.5 percent after falling 3.9 percent Tuesday, its biggest drop since May 2004. Japans Nikkei 225 index gained 0.6 percent, while Hong Kongs Hang Seng Index

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

Japan’s rising but Asia’s economic gains must wait

Japan's rising but Asia's economic gains must wait Japan's emergence from more than a decade of stagnation could mean greater demand for its neighbors' exports, more Japanese investment in the rest of the region and stronger Asian currencies. But people are not holding their breath and expecting Japan to give a sudden boost to Asian growth. Economists say it could take years for income levels in Japan to rise to levels that will translate into big demand for Asian goods or for Japanese capitalists to invest with vigor in Asia. All it may mean in the near term is some extra investment in