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Asian stocks weaken as Turkey worries weigh, dollar stands tall

August 13, 2018 by metro Leave a Comment

By Shinichi SaoshiroTOKYO (Reuters) - Asian stocks sagged on Wednesday, failing to track Wall Street's gains and with the dollar near a 13-month high as concerns about Turkey's financial crisis weighed on investor appetite, despite the lira's move away from an all-time low.The lira <TRYTOM=D3>--which plummeted to a record low of 7.24 to the dollar at the week's start, rattling global markets--stood little changed at 6.375 after rebounding more than 8 percent overnight.Wall Street's three main indexes rose on Tuesday as the lira's climb eased fears of broader financial contagion for now. A string of robust earnings also boosted U.S. shares. [.N]But the rise in U.S. shares did not carry through to Asia, with MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> dipping 0.15 percent after bouncing 0.4 percent the previous day when the lira showed signs of stabilizing. Australian stocks <.AXJO> lost 0.15 percent and Japan's Nikkei <.N225> … [Read more...] about Asian stocks weaken as Turkey worries weigh, dollar stands tall

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Asian stocks sink as Turkey fears hurt emerging markets

August 12, 2018 by sfgate Leave a Comment

Joe Mcdonald, Ap Business Writer Updated 8:57 pm PDT, Sunday, August 12, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-3', placement: 'Interstitial Gallery Thumbnails 3', target_type: 'mix' }); _taboola.push({flush: true}); Photo: Vincent Yu, AP Image 1of/3 CaptionClose Image 1 of 3 A woman walks past a bank electronic board showing the Hong Kong share index outside a Hong Kong local bank Monday, Aug. 13, 2018. Asian stock prices sank Monday as Turkey’s financial turmoil fueled fears contagion might spread to other emerging markets. less A woman walks past a bank electronic board showing the Hong Kong share index outside a Hong Kong local bank Monday, Aug. 13, 2018. Asian stock prices sank Monday as Turkey’s financial turmoil fueled fears ... more … [Read more...] about Asian stocks sink as Turkey fears hurt emerging markets

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Asian stock markets follow Wall Street higher

August 6, 2018 by sfgate Leave a Comment

Joe Mcdonald, Ap Business Writer Updated 11:08 pm PDT, Monday, August 6, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-3', placement: 'Interstitial Gallery Thumbnails 3', target_type: 'mix' }); _taboola.push({flush: true}); Photo: Eugene Hoshiko, AP Image 1of/3 CaptionClose Image 1 of 3 In this Friday, Aug. 3, 2018, photo, a woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo. Asian stock markets followed Wall Street higher on Tuesday, Aug. 7, 2018, as strong corporate profits helped to defuse fears over U.S.-China trade tensions. less In this Friday, Aug. 3, 2018, photo, a woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo. Asian stock markets followed Wall Street higher on Tuesday, Aug. ... … [Read more...] about Asian stock markets follow Wall Street higher

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Asian stocks struggle as trade anxiety weighs

August 6, 2018 by metro Leave a Comment

By Shinichi SaoshiroTOKYO (Reuters) - Asian stocks wobbled on Tuesday as simmering worries over the U.S.-China trade conflict offset positive leads from earnings-led gains on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> was up 0.05 percent.The index dipped early and struggled to gain traction amid volatility in Chinese stocks. The Shanghai Composite Index <.SSEC> rose over 0.6 percent in early trade following a four-day losing run. It was last up 0.1 percent.Australian stocks <.AXJO> dipped 0.25 percent, South Korea's KOSPI <.KS11> rose 0.2 percent and Japan's Nikkei <.N225> added 0.25 percent. The three major U.S. stock indexes closed higher on Monday amid a strong U.S. earnings season, with results from Berkshire Hathaway <BRKa.N> impressing and Facebook <FB.O> lifting the Nasdaq <.IXIC> after a report it was planning new services. [US/] "Global markets are (being) buffeted by conflicting … [Read more...] about Asian stocks struggle as trade anxiety weighs

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Asian stocks rise after solid US jobs report

August 5, 2018 by chron Leave a Comment

Joe Mcdonald, Ap Business Writer Updated 11:05 pm CDT, Sunday, August 5, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-4', placement: 'Interstitial Gallery Thumbnails 4', target_type: 'mix' }); _taboola.push({flush: true}); Photo: Ahn Young-joon, AP Image 1of/4 CaptionClose Image 1 of 4 A currency trader stretches himself while working at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Aug. 6, 2018. Asian stocks rose Monday despite a new Chinese threat of tariff hikes on U.S. goods after Washington reported solid employment numbers. less A currency trader stretches himself while working at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Aug. 6, 2018. Asian stocks rose Monday despite a new ... more … [Read more...] about Asian stocks rise after solid US jobs report

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