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July, 26, 2016

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Business > Asia > Asian Market
Asian stocks mostly rose on Tuesday after the U.S. and some European markets advanced overnight, though the hangover from China's slowing growth still lingered.
Asian stocks fell Monday and oil prices dropped as investors weighed fresh data showing China's slowdown could be deeper than previously thought, while the U.S. dollar extended losses against the yen and most emerging currencies.
The yen slipped in Asian trading Friday afternoon after a brief surge on the Bank of Japan's (BOJ) decision to hold off fresh easing measures, as markets bet that it would be forced to act sooner than later.
Fuel-starved Nepal has signed an agreement with mainland China to provide gasoline, diesel and cooking gas, after India restricted its supplies as a result of ongoing political protests in the Himalayan nation, officials said Thursday.
Japanese Prime Minister Shinzo Abe and business leaders will return Wednesday evening from a week-long tour of Central Asia after striking business deals worth more than US$26 billion.
Weak U.S. economic data dented confidence on Asian trading floors Wednesday, sending investors running for safe investments ahead of policy announcements by the U.S. Federal Reserve and Japan's central bank.
Asian stock markets Monday welcomed mainland China's latest cut in interest rates ahead of this week's policy meeting, but analysts warned the move indicates further weakness in the world's No. 2 economy.
A fall in Japanese exports to mainland China in September fanned expectations that Tokyo will unveil fresh stimulus, putting pressure on the yen and helping the country's main stock market lead most Asian equity markets higher Wednesday.
Asian stocks were muted Tuesday after mainland China's better-than-expected quarterly growth figure revived expectations in financial markets for a U.S. Federal Reserve rate hike.
An increasing expectation the U.S. Federal Reserve will keep interest rates at record lows fed further gains in Asia's stock markets on Friday but the U.S. dollar edged up against most emerging currencies following recent losses.
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