Page 18 - Asian Stocks

Asian stocks firm after Wall Street rout, but Omicron variant risks loom

HONG KONG (Reuters) -Asian shares advanced on Tuesday, shrugging off a bruising Wall Street session, as Chinese markets cheered Beijing's move to help troubled property firms, although surging cases of the Omicron coronavirus variant remain a worry for investors.

Asian shares rise after some losses due to Omicron but risks loom large

Asian stocks rose on Tuesday shrugging off a bruising Wall Street session

Asian stocks fall on concern about Covid, tighter Fed Reserve's policy

Asian stock markets followed Wall Street lower on Monday amid concern about the coronavirus's latest variant and tighter Federal Reserve policy. Shanghai, Tokyo, Hong Kong and Sydney retreated at the start of a trading week that will be shortened by the Christmas holiday. Wall Street fell Friday as traders took money off the table after the Fed indicated it would fight inflation by speeding up withdrawal of economic stimulus. The spread of the omicron variant has fueled fears that renewed curbs on business and travel might worsen supply chain disruptions and boost inflation. Omicron threatens to be the Grinch to rob Christmas, Mizuho Bank's Vishnu Varathan said in a report. The jury is out, which squares with a market that prefers safety to nasty surprises. The Shanghai Composite Index fell 0.5 per cent to 3,613.50 and the Nikkei 225 in Tokyo tumbled 1.7 per cent to 28,055.28. The Hang Seng in Hong Kong sank 0.9 per cent to 22,976.86. The Kospi in Seoul retreated 1.4 per cent to

Asia stocks, oil prices suffer as new coronavirus variant Omicron spreads

A seasonal lack of liquidity made for a bumpy start and S&P 500 futures led the way with a 0.7% drop, while Nasdaq futures shed 0.6%.

Asian stocks rise with bond yields as Fed outcome boosts risk sentiment

Asian stocks followed Wall Street higher after US Federal Reserve said it would end bond-buying stimulus in March

Asian market counts down to Fed Reserve lift off, China data underwhelms

Asian markets stood still on Wednesday as the world waited to hear from US Federal Reserve on when it would stop buying assets and start raising interest rates

Asian stocks, oil prices dip as Omicron spreads, Fed decision looms

Asian stocks and oil prices slipped on Tuesday as the spread of the Omicron coronavirus variant rattled investors who were already on edge ahead of a slew of central bank decisions this week

Asia stocks edge higher, Fed stars in central bank extravaganza

Asian stocks crept higher on Monday as investors prepared to tiptoe through a minefield of 17 central bank meetings this week

Asia stocks bounce from one-year low, China gains on monetary easing

Asian shares staged a recovery on Tuesday on receding worries about the impact of the Omicron variant while Chinese markets were supported by the central bank easing monetary policy

Asian tech stocks gain while dollar rises amid Fed rate hike expectations

Japan's Nikkei rose 0.8%, helped by gains in tech stocks such as Sony

Asian shares soar after Wall Street hits record, Japan inflation eases

Asian stock markets were mostly higher Friday after Wall Street hit a record and Japanese inflation eased. Market benchmarks in Shanghai, Tokyo and Sydney advanced. Hong Kong declined. Wall Street's benchmark S&P 500 index advanced 0.3%, putting it on track for a weekly gain. Investors are shifting focus from corporate earnings to the longer-term outlook for global economies and whether central banks might feel pressure to cool rising prices by rolling back stimulus faster than planned. Inflation is currently the main focal area for the markets, Fawad Razaqzada of ThinkMarkets said in a report. On Friday, Japan's government reported October consumer inflation eased to 0.1% over a year earlier from the previous month's 0.2%. The Shanghai Composite Index rose 0.3% to 3,531.26 and the Nikkei 225 in Tokyo gained 0.4% to 29,718.62. The Hang Seng in Hong Kong sank 1.7% to 24,878.87. The Kospi in Seoul advanced 0.4% to 2,958.64 and Sydney's S&P-ASX 200 added 0.2% to 7,391.60. New ...

Asian shares decline after stock indexes shuffle lower on Wall Street

Asian shares mostly declined Thursday after stock indexes shuffled lower on Wall Street. Japan's benchmark Nikkei 225 dipped 0.7% to 29,490.53 in early trading. Australia's S&P/ASX 200 edged up 0.2% to 7,381.40, while South Korea's Kospi slipped 0.6% to 2,944.52. Hong Kong's Hang Seng dropped 1.7% to 25,227.83. The Shanghai Composite shed 0.5% to 3,520.77. Recent government data have shown the coronavirus pandemic continues to hurt the Japanese economy. A supply crunch in chips and other parts needed to produce autos, a mainstay of the world's third-largest economy, is one reason. The damage to consumer spending brought on by recent government measures to close restaurants early and open theaters to limited crowds is another factor. Japan has never had a lockdown but has called periodically for a state of emergency to curb the spread of infections. Junichi Makino, chief economist for SMBC Nikko Securities, said the Japanese recovery that many initially expected to get started this

Asian stocks rise after Joe Biden, Xi Jinping hold first summit virtually

Asian stock markets rose Tuesday after President Joe Biden and China's Xi Jinping held a summit meeting by video link. Shanghai, Tokyo and Hong Kong, which make up the bulk of the region's market value, advanced. Seoul and Sydney declined. Wall Street's benchmark S&P 500 index lost less than 0.1% as makers of household goods rose and health care stocks fell. Biden told Xi their goal should be to ensure competition does not veer into conflict. The two leaders met amid tension over trade, technology, human rights, Hong Kong and Taiwan. Xi said he was ready to build consensus" and said the two sides need to improve communication. The meeting will dominate the session ahead, though White House officials have tempered expectations for any meaningful progress, said Anderson Alves of ActivTrades in a report. The Shanghai Composite Index rose 0.3% to 3,543.46 and Tokyo's Nikkei 225 added less than 0.1% to 29,783.18. The Hang Seng in Hong Kong was 1% higher at 25,658.04. The Kospi in Seou

Asian stocks stumble as weak China data fan global growth worries

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.82%, extending earlier losses after the release of the Chinese data

Asia shares make sluggish start, Nikkei hesitates near 30-year high

Japanese shares have been on a tear as hopes for fresh stimulus from a new Prime Minister saw the Nikkei surge 4.3% last week

Asian shares on edge in choppy trading as more risk-averse mood spread

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.13% having posted gains, if sometimes small, for 11 of the last 12 sessions

Asian shares hold gains, dollar weak ahead of major US jobs data

Japan's Nikkei rose 0.38%, and MSCI's all-country world index edged higher having ended the previous session at its fifth consecutive closing high

Asian shares up on dovish Fed chair, oil up as hurricane batters Louisiana

Asian shares started the week with gains and the dollar was not far off two-week lows after US Fed Reserve Chairman Powell struck a more dovish tone than some investors expected in long-awaited speech

Asian shares spooked by Delta variant's spread as Jackson Hole looms

Investors are mostly waiting for the Federal Reserve's Jackson Hole symposium on Friday and what central bank chair Jerome Powell might say about U.S. tapering monetary stimulus

Asian stocks rally on extended Wall Street bounce, easing Fed taper worries

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.2%, with Japan and South Korean indexes jumping more than 1%. Australia shares were up 0.2% and Taiwan stocks rose 0.7%.