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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: Marts end week mostly higher

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. More : btimes.com.my

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 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: 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