Asia stocks slid on Tuesday with financial shares down on credit fears. Large banks such as Mitsubishi UFJ tumbled even though fresh data showed Japanese lending logged its fastest growth in two years. The rising cost of commodities means firms were borrowing to buy materials used in making cars and and other products. Analysts expect lending will weaken in coming months due to slowing consumer demand, especially in the property sector. While car sales weaken in many parts of the world -- China is seeing signs of steady growth. U.S. carmaker Ford said it had posted a 21 percent gain in first half China sales. China is one of the fastest growing car markets in the world -- with newly wealthy consumers buying shiny new vehicles. Toyota this week also announced it was investing to double its production capacity in China. Also in Beijing investor optimism as workmen put the finishing touches on a $40-billion dollar investment in the city's infrastructure one month before the...
Asian stocks dropped by around 5 percent on Monday, and the yen surged to a 2-year high against the euro as investors doubted a scattered European response to the financial crisis and a 700 billion...
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....
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 gain...
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 ) with...
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 Monday....
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