Asian markets

Tokyo's record run continues as most Asia markets rise

Tokyo - Muslimchronicle

Tokyo's Nikkei led another broad advance across Asian markets on Tuesday, with the Nikkei chalking up its 16th straight gain to extend an impressive record streak. The Japanese market pushed to fresh 21-year highs on the back of a weaker yen and hopes that Prime Minister Shinzo Abe's weekend election landslide victory will usher in further measures to boost theRead more

Asian markets mostly gain, dollar struggles after inflation data

Hong Kong - Muslimchronicle

Asian markets extended gains on Monday after a positive lead from Wall Street while the dollar struggled following more weak US inflation figures. Equities around the world continue to rally on optimism about the global economy and the current corporate earnings season, with all three main New York indexes up following robust retail sales figures in the world’s largest economy.Read more

European stock markets recover

London - AFP

The rally in the stock markets that we have seen over the last few days seems to be dying a slow death as the Asian markets closed in a mixed manner and the European markets are also in the red but not by much. The move up in the stock markets can be viewed more as a relief rally ratherRead more

Asia markets slump as US tech sell-off spreads

Hong Kong - AFP

Asian markets tumbled Friday to end two days of gains as a US tech sell-off spread to the region, adding to concerns over corporate results. Despite yet another Dow Jones record Thursday, Tokyo and Hong Kong both closed down 0.6 per cent while Seoul and Sydney ended the day losing more than one percent. Chinese internet giant Tencent and SouthRead more

Asia markets struggle as dollar resumes losses ahead of Fed

Hong Kong - AFP

Asian markets struggled Tuesday while the dollar resumed its downward shift, with the focus turning to the Federal Reserve's latest gathering this week. While it is not expected to bring any change in interest rates, the Fed meeting will be pored over by traders hoping for some clues about future increases and the Fed's timetable for winding down its bondRead more

Most Asia markets up after Wall St record, China growth stable

Hong Kong - AFP

Most Asian markets rose Monday following another record close on Wall Street, while Shanghai stocks pared steep early losses thanks to stronger than expected growth figures. The world's number two economy expanded an annualised 6.9 percent in April-June, beating forecasts in an AFP survey and indicating it is stabilising after a years-long slowdown. However, while the reading was the sameRead more

Asian markets mostly down on Trump woes, oil prices extend gains

Washington - AFP

Most Asian markets retreated Wednesday after two days of gains with confidence hit by fresh revelations regarding Donald Trump's Russia links. The sell-off overshadowed a pick-up in energy firms, which tracked a second successive jump in oil prices. Crude, which has seen wild swings in recent months, has bounced back from last week's losses with gains of more than oneRead more

Asian markets push rally into second day ahead of earnings

Hong Kong - AFP

Most Asian markets on Tuesday built on the previous day's rally after a broadly positive lead from Europe and Wall Street, while traders look ahead to the start of US earnings. Dealers remain upbeat after Friday's surprisingly strong US jobs data that analysts said has put the Federal Reserve on course for at least one more interest rate hike thisRead more

Asia markets, dollar rally after US jobs data

Tokyo - AFP

Asian markets mostly rose Monday and the dollar built on gains, following a rally on Wall Street that came on the back of forecast-busting jobs data out of the United States. All three main indexes in New York surged Friday after the Labor Department said the world's top economy created almost 50,000 more jobs than expected in June, reinforcing theRead more

Asia markets mostly higher but uncertainty prevails

Tokyo - AFP

Asian markets mostly rose Thursday following broad losses the previous two days but they struggled to maintain early momentum as analysts warned caution was prevailing on geopolitical worries and fading hopes for Donald Trump's stimulus drive. Energy firms were among the main laggards, tracking losses in their US counterparts, after a surprise jump in US petroleum inventories sent oil pricesRead more