Asian markets lifted by China manufacturing data
By Danny McCord
Asian markets were mixed Thursday as Chinese data showing manufacturing activity in the world’s No. 2 economy picked up in March, while Tokyo was lifted by renewed weakness in the yen.
Asian markets were mixed Thursday as Chinese data showing manufacturing activity in the world’s No. 2 economy picked up in March, while Tokyo was lifted by renewed weakness in the yen.
Asian markets mostly fell on Wednesday, with few catalysts to drive buying after recent gains, while Wall Street provided a limp lead.
Asian markets mostly rose and the dollar extended its run against the yen Tuesday after Wall Street started the week on another high.
Asian markets were mixed Monday after another record-breaking performance on Wall Street while Shanghai dipped as disappointing economic data fueled concerns about China’s economy.
Asian stock markets on Thursday mostly reversed gains from the previous day even though the Dow hit another record on Wall Street, but Tokyo’s Nikkei was supported by a weaker yen.
Asian markets rallied Wednesday following a record-breaking performance by shares on Wall Street, with Tokyo and Sydney both hitting multi-year highs.
Asian markets climbed Tuesday following a big sell-off in the previous session, with Shanghai leading the rebound as China’s annual parliamentary gathering kicked off.
Asian markets mostly fell Monday after US lawmakers failed to prevent the imposition of $85 billion in spending cuts that kicked in at the end of last week.
Asian markets rose Thursday after the Dow on Wall Street hit a more than five-year high, while the head of the European Central Bank soothed concerns over the eurozone.
Asian markets mostly fell on Tuesday, with dealers spooked by an election in Italy that left no clear winner, leading to political uncertainty and fresh fears about eurozone stability.
Asian markets mostly rose Monday, with Tokyo surging after the yen hit a near three-year low against the dollar, while concerns eased that the US Federal Reserve could soon end its loose monetary policy.
Asian markets suffered a heavy sell-off on Thursday following a tumble on Wall Street as traders grow concerned that the US Federal Reserve could bring an early end to its huge stimulus program.
