Asian stocks were locked in a fresh round of volatility Wednesday, as further evidence of slowing growth in China's economy cast gloom over global markets.
The yen faced selling pressure Thursday as investors' fears over mainland China's economy began to ease, and as equity markets rebounded following hints the U.S. Federal Reserve may not lift rates next month.
Shares fell Wednesday in Europe and Asian markets were mixed as an initial burst of euphoria over an interest rate cut by mainland China the day before succumbed to lingering worries over longer-term problems with its economy.
Asian markets were mixed after a seesaw session on Tuesday, with Tokyo diving and Shanghai extending its worst rout in almost 20 years, while other regional markets bounced into positive territory.
SHANGHAI - Shanghai stocks tumbled on Tuesday, extending their steepest four-day rout in almost 20 years after worries about China's faltering economy sent world markets reeling, but other Asian stocks bounced back from heavy early losses.
Asian shares slumped on Thursday, led lower by Shanghai as concerns about the health of China's economy battered confidence and after unexpectedly bearish minutes from the U.S. Federal Reserve.
China's main Shanghai stock index reversed its loss to finish higher on Wednesday while other stock markets were mostly lower as investors were rattled by volatile mainland Chinese stocks and concerns about growth in the world's second-largest economy.
Asian shares fell on Tuesday, with Shanghai leading the declines as investors doubted Beijing's commitment to prop up shares while Bangkok slumped after a bomb attack in the Thai capital.
Salaries across Asia-Pacific are expected to increase by an average of 7.3 percent in 2015, with wages in the Philippines expected to rise by 6.5 percent, a recent labor market study showed.
Asian shares were mixed on Monday, with Tokyo helped by better than expected Japanese growth figures and Shanghai boosted by a government pledge to support China's volatile stock markets.