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July, 30, 2016

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Business > Asia > Asian Market
Asian markets mostly fell at the end of another volatile session Tuesday, a day after a global rout that saw trading suspended in Chinese markets and U.S. and European equities tank.
 
Asian markets broadly fell Monday as a decline in profits at China's industrial firms reignited worries about the world's number two economy, but bargain-buying helped Tokyo snap a five-day losing streak.
 
A luxury apartment in Hong Kong sold for a record HK$594.7 million (US$76.7 million), days before Christmas, making it the most expensive apartment in the city and possibly in Asia, reports said Friday.
 
Oil prices extended losses Monday with Brent hitting an 11-year low, fueling fears about the global economy, but most Asian stock markets recovered from early losses to rally in the afternoon.
 
Asian markets surged Wednesday, while the U.S. dollar held its strength after overnight gains as buying confidence returned to trading floors ahead of an expected U.S. interest rate rise.
 
Leaders of Turkmenistan, Afghanistan, Pakistan and India during a ceremony in the Turkmen desert broke ground Sunday on a major pipeline that could help ease energy deficits in South Asia.
 
Most Asia markets sank again Friday at the end of a painful week for global equities defined by an oil rout that analysts warn could continue for some time.
 
A sense of unease spread across Asian stock exchanges Thursday with investors spooked by the sharp sell-off in oil sending regional markets lower.
 
The East Asia Pacific region is aging at a faster rate than any other place in history, the World Bank warned Wednesday, a demographic shift likely to cramp public services and economic growth.
 
Asian markets tumbled Friday, in line with a global sell-off, while the euro held most of its earlier gains after the European Central Bank's revised economic stimulus measures came up short.
 
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