Asian stocks rebound after Tokyo drop
Asian stocks rebounded Friday from Tokyo’s sharp decline after investors were encouraged by positive U.S. economic news.
Asian stocks rebounded Friday from Tokyo’s sharp decline after investors were encouraged by positive U.S. economic news.
Tokyo stocks tumbled more than five percent on Thursday afternoon as jittery investors dumped shares following an overnight fall on Wall Street on the back of concerns over global growth.
Tokyo stocks lost 0.42 percent on Friday morning, dragged down by a stronger yen as investors await a Bank of Japan policy meeting ahead of a holiday-studded week in Japan.
The National Historical Commission of the Philippines (NHCP) declared on March 11 the Philippine Ambassador to Japan’s official residence at Fujimi Chiyoda-ku, Tokyo, a national historical landmark, and urges the Philippine government to retain, protect and preserve the site as part of the national patrimony.
Tokyo stocks lost early gains Friday morning as investors took their bets off the table in low-volume trade with many regional and overseas markets closed for public holidays, dealers said.
Tokyo stocks opened 1.51 percent higher on Tuesday as the yen weakened against the dollar and euro after eurozone finance ministers told Cyprus to drop a controversial levy on smaller bank deposits.
Asian markets mostly rose on Wednesday after US Federal Reserve head Ben Bernanke reaffirmed the central bank’s huge monetary easing scheme, but a stronger yen sent Tokyo lower.
Asian markets were mixed Friday, with Tokyo supported by further weakness in the yen, while Hong Kong and Shanghai dipped after official data showed Chinese manufacturing saw a moderate slowdown.
Tokyo stocks opened 1.42 percent lower on Monday, following a sharp fall on Wall Street last week.
Tokyo shares were mostly flat on Friday morning, weighed down by sharp falls in mobile carrier Softbank and clothing company Fast Retailing.
When global finance ministers meet this week in Tokyo, they’ll confront a triple challenge: Economic troubles in three major regions are threatening the world’s economy.
Tokyo stocks opened 0.21 percent lower on Monday on a strong yen and profit-taking, after weak US jobs figures Friday led to hopes of fresh monetary easing by the US Federal Reserve, brokers said.
