Asian stocks rebounded Wednesday after Wall Street declined and China reported inflation edged higher. Already high oil prices rose further, adding more than USD 2 per barrel following President Joe Biden's ban on imports of Russian crude. Stock benchmarks in Shanghai, Tokyo and Sydney rose while Hong Kong declined. South Korean markets were closed for a presidential election. Wall Street's benchmark S&P 500 index sank 0.7 per cent amid enduring unease over the impact of Russian President Vladimir Putin's attack on Ukraine. Asian markets seem to be taking a breather from their sell-off, but Wall Street's retreat may drive some wait-and-see as geopolitical risks show no signs of easing, Yeap Jun Rong of IG said in a report. Also Wednesday, China's government reported consumer prices rose 0.6 per cent in February from the previous month while producer prices gained 0.5 per cent. The Shanghai Composite Index rose 0.6 per cent to 3,312.39 and the Nikkei 225 in Tokyo gained 0.9 to ...
Asian equities and the euro slumped on Friday after news of a fire near a Ukraine nuclear facility following fighting with Russian forces heightened investor fears
Asian shares rallied on Wednesday as fears of a Russian invasion of the Ukraine this week dissipated, after Moscow indicated it was returning some troops to base, thereby relieving the investors.
The standoff over Ukraine remains a thorn in the market's side, with concerns a Russian invasion would also cut vital gas supplies to western Europe
The case for a rebound should be aided by lower valuations after the MSCI Asia Pacific Index underperformed its global counterpart by around 20 percentage points last year
Asian shares flatlined on a slow as the spread of Omicron clouded what is the last trading day of the year for many exchanges, while oil was close to finishing 2021 with gains of more than 50%
MSCI's broadest index of Asia-Pacific shares outside Japan dropped as much as 1.3%, falling for a third consecutive session
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.31 per cent in morning trading
HONG KONG (Reuters) - Asian equity markets rose cautiously Tuesday, after touching year to date lows the day before, with traders keeping at least half an eye on the United States where major companies report earnings and the Federal Reserve meets on policy this week.
Asian shares were mixed on Monday after stocks rallied to records on Wall Street, with the Dow Jones Industrial Average closing above the 35,000 level for the first time.
US bond yields dipped to three-month lows and a broad gauge of Asian shares rose on Friday as investors looked past rising US consumer prices
The proliferation of cheap trading apps on smartphones and mobile devices remains a key catalyst for the trend
While inflation has emerged as the most immediate concern for equity investors worldwide, confidence in Asia has also been hit due to a worsening Covid-19 outbreak from Taiwan to Singapore
Markets in China and Hong Kong lagged, despite a rally in Alibaba Group Holding after the weekend announcement of a record antitrust fine removed a regulatory overhang
Asian share markets eased as a spike in global bond yields soured sentiment toward richly priced tech stocks, while a stampede out of crowded positions in oil caused the sharpest setback in months
European markets appeared set for a lower open with Euro Stoxx 50 futures down 0.38% and London's FTSE dropping 0.4%. Those of Germany's DAX fell 0.49%
Japan's Nikkei 225 was down 1.8 per cent while Hong Kong's Hang Seng index futures lost 1.69 per cent
Analysts have been revising their 12-month price targets higher for members in the MSCI Asia Pacific Index since early June
Each of the major falls since 2008 has seen the market rallying before falling again.
Risk sentiment is in a foul mood and stocks are sinking everywhere