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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 on weaker note

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: 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 rises on lower oil prices

Asia rises on lower oil prices SINGAPORE (Reuters) -- Shares in Asian exporters such as Honda Motor Co. Ltd. and Samsung Electronics Co. rose on Monday, as lower oil prices eased fears of higher energy costs crimping consumer spending in the key U.S. market. U.S. oil futures steadied above $58 a barrel, after slipping to a three-week low due to forecasts of milder winter weather and high crude stockpiles in the United States. The dollar recovered from a seven-week low against the yen as investors bet the worst was over for the U.S. currency, which suffered its biggest one-week loss against the yen

Asia Roundup: Markets ride on Wall Street gains

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.