Most Asian markets edged up Wednesday but early gains from an oil rally tapered off, with worries about the global economy and the upcoming earnings season keeping traders on edge.
Energy firms led losses in Asia Tuesday as oil prices extended their recent losses, while most stock markets tumbled again and analysts questioned whether a recent rally may have run its course.
A senior officer of Brunei's Ministry of Foreign Affairs and Trade (MoFAT) on Saturday stressed the importance of economic initiatives under the ASEAN Economic Community (AEC) and Trans-Pacific Partnership (TPP), which can create significant opportunities for Brunei's local companies, including small-medium enterprises (SMEs).
Asian stock markets ended a volatile first quarter on a cautious note Thursday, as upbeat sentiment fueled by the prospect of lower U.S. borrowing costs was offset by profit-taking after recent gains.
Asian markets rallied and the U.S. dollar extended losses Wednesday after Federal Reserve boss Janet Yellen struck a cautious note on the global economy that lessened the prospects of an interest rate rise any time soon.
Asian markets mostly retreated Tuesday as investors returned to trading floors after the long Easter break, with attention turning to a speech by U.S. Federal Reserve chief Janet Yellen later in the day.
The few Asian stock markets that were trading Friday mostly advanced, with shares in Tokyo and Shanghai up and Seoul stocks slightly lower. Financial markets in Europe, the United States and most of Asia were closed for the Good Friday holiday.
Tokyo stocks rose sharply on Tuesday, fueled by weakness in the yen, but broader Asian markets were subdued as last week's rally waned.
Chinese stocks surged Monday after authorities relaxed rules on borrowing to buy shares, but other Asian markets struggled as oil ticked lower on renewed fears of oversupply.
Asian investors traded cautiously Wednesday ahead of the Federal Reserve's latest policy meeting, hoping the U.S. central bank will provide some guidance on its plans for interest rates this year.