Asian equity markets were higher Monday after a weak U.S. jobs report fueled speculation that the world's number one economy is not ready for an interest rate rise any time soon.
Talks on the ambitious Trans-Pacific Partnership remained stuck on a handful of tough issues including auto parts and drug protections as trade ministers moved to a second day of negotiations Thursday.
Emerging market currencies strengthened against the U.S. dollar Thursday, helped by an upbeat mood across Asian equity markets on speculation of increased monetary stimulus.
Top trade representatives of 12 Pacific Rim countries begin two days of talks in Atlanta Wednesday hoping to finalize the ambitious Trans-Pacific Partnership Agreement after July negotiations in Hawaii failed.
The yen gained Tuesday on worries that China's economy will weigh on global growth, while other Asian currencies retreated against the U.S. dollar on an expected rate hike by the U.S. Federal Reserve.
Ministers from 12 Pacific nations have set a date this month for what is hoped will be final talks to clinch a vast Pacific free-trade deal covering 40 percent of world trade, U.S. officials said Thursday.
Asian markets mostly recovered Thursday from the previous day's sharp losses but Tokyo tumbled as investors returned from a long weekend to play catch-up, with auto giants hit by the Volkswagen scandal.
Asian stocks took a hit from weak Chinese factory data Wednesday while European stocks rose, with shares of Volkswagen stabilizing after its emissions rigging scandal triggered a dramatic slide.
Asian emerging market currencies sank Wednesday after data showing further weakening in China's key manufacturing sector added to concerns about the global economy, sending investors flocking to safer assets.
The global market for major domestic appliances posted negative growth in the first six months of 2015, but key markets in the Asia-Pacific region, including Taiwan, turned in an overall positive performance.