Asian stocks ended the week with another rally Friday on optimism that central banks globally will step up to support growth in the face of uncertainty caused by Britain's vote to quit the European Union.
Investors' taste for risk picked up in Asian currency trading Thursday with the South Korean won and Malaysian ringgit rising on stimulus hopes and as fears about Britain's exit from the EU ease.
Most Asian markets rose Wednesday after a succession of losses but fears Britain will leave the European Union are keeping traders on edge, while Shanghai soared despite index compiler MSCI again refusing to include it in its list of key benchmarks.
Asian markets extended a global sell-off Tuesday following heavy losses in New York and Europe while fresh opinion polls fan fears that the UK will vote to leave the European Union.
Japanese stocks led a plunge in Asian markets Monday, tracking a sell-off in the U.S. and Europe on renewed worries about the global economy and uncertainty over Britain's future in the European Union.
Chinese independent oil companies are luring traders, marketers and risk managers away from dominant state behemoths, offering better pay and perks in a hiring spree triggered by the freeing up of China's crude import trade.
Asian stocks were on a weak footing on Wednesday as a slip in crude oil prices dampened investors' appetite for riskier assets, while the recently bullish U.S. dollar stalled against the euro and yen following a mixed bag of U.S. economic data.
Asian stocks rose on Tuesday, led by a surge in Shanghai, while the U.S. dollar edged higher as traders weighed the fallout from a likely U.S. interest rate rise this summer.
Asia stocks tilted upward Friday, shrugging off a weak lead from Wall Street as oil pulled back below US$50 a barrel, but remained cautious ahead of a speech from the U.S. central bank head.
Energy stocks jumped in Asia Thursday after oil surged past US$50 a barrel for the first time this year, providing a bright point as regional bourses generally took a breather.