Asian stock markets rallied for a second straight session Thursday, tracking gains in New York where traders cheered surprisingly upbeat earnings from Wall Street titan JPMorgan Chase.
Commodity-linked currencies rose Wednesday on the back of a surge in oil prices with upbeat Chinese trade data also boosting sentiment, while the safe-haven yen slipped off 17-month highs against the U.S. dollar.
A fall in the yen pushed Japan's stock market higher Tuesday, helping it lead a broad Asia-wide advance, although analysts said worries about the world economy and earnings would temper any rally.
Growth in developing East Asia and the Pacific is expected to remain resilient despite the slowdown in China and a gloomy global outlook, the World Bank said Monday.
Japan's Nikkei led most Asian stock markets lower Monday as the yen resumed its march against the dollar and investors nervous about the stuttering global economy tentatively await the start of corporate earnings season.
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.