Asia stocks tipped to the negative on Wednesday with financials hurt after a broker warning about further losses at global giant Citigroup. Japan's Nikkei ended 0.2 percent lower (12,972) as investors worried about the slowing pace of economic growth. Fresh data on Wednesday revealed Japanese companies cut spending on plant and equipment by a hefty 7.7 percent in Q4 last year. Analysts believe the news will lead to a downward revision of economic growth figures. China shares were among the worst performers. Shanghai's index was dragged down as shareholders in Ping An Insurance met to vote on its proposal to make one of the world's largest equity issues. Earlier in the day China premier Wen Jiabao warned the nation still faces worries over economic overheating, and vowed a fight against skyrocketing inflation. SOUNDBITE (MANDARIN WITH ENGLISH TRANSLATION) CHINESE PREMIER WEN JIABAO SAYING: "Our major task for macro-economic regulation this year is to prevent...
Asia stocks largely gained on Thursday with investors gaining confidence following solid business spending data out of the United States. Japan's Nikkei rose 3 percent (14,124) its best daily...
Asia stocks ended the week on a high note with investors soothed by signs of bigger than expected economic growth figures in the United States. Exporters such as Toyota were among the top gainers....
A bleak day for Asian investors with both stocks and the dollar tumbling on fears of a global credit squeeze. News that U.S. bank JPMorgan Chase stepped in to buy ailing peer Bear Stearns sparked...
Asia stocks fell on Friday with inflation worries magnified by record high oil prices and slowing economic growth. News that Japan's annual inflation rate rose to a decade high also unnerved...
Asia stocks dropped for a fourth consecutive session on Wednesday with sky high oil prices and inflation woes punishing markets across the region. Japan's Nikkei fell 1.3 percent (13,286 )...
Asia stocks slid on Monday with investors worried about rising inflation and sluggish U.S. economic growth. Japan's benchmark Nikkei fell 2.3 percent (13,690) its biggest fall in six weeks....
A confidence boosting cash injection into troubled banks soothes investors MOREINFO: Expectations the U.S. Federal Reserve will cut rates this week also boosts confidence. SCRIPT: Asia stocks...
Asia stocks slid on geopolitical tensions on Friday, while gold and oil prices rose. MOREINFO: Japan's stock market ended the trading year on a sour note with markets shut for a holiday on...
Asia stocks ended mixed after a topsy turvy session which saw shares dive on credit woes then recover on talk of Japan banking sector deals. Japan's Nikkei ended 1.2 percent higher ( 15,212)...
Asia stocks slid on Thursday with sentiment hit by a fresh rise in oil prices and growing worries about inflation. Japan's Nikkei fell 2.1 percent (13,889) to a two-week low. Household names...
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