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May, 26, 2016

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Business > Asia > Asian Market
Asian stocks jumped Wednesday after a strong lead from Wall Street and Europe, and as investors adjusted to the prospect of a U.S. rate rise in the near future.
 
Asian markets rallied Monday following last week's sharp losses, with Tokyo boosted by a report that Japan's prime minister plans to delay a planned sales tax increase.
 
Eight budget airlines from Southeast Asia, Japan and Australia said Monday they have formed what they called the world's largest alliance of low-cost carriers, enabling customers to book connections using a shared platform.
 
Asian stocks mostly fell on Thursday tracking a sell-off on Wall Street and oil consolidated after hitting a six-month high, but Tokyo's Nikkei bounced into positive territory thanks to a softer yen.
 
Asian markets tapered Wednesday after an early rally as nerves returned to trading floors, with a pick-up in the yen skimming Japan's Nikkei.
 
Tokyo led Asian markets higher Tuesday as exporters were lifted by a weakening yen, while tighter Chinese inflation data also provided some cheer.
 
Asian stocks were mixed Monday after mainland China's trade contracted in April and U.S. job growth came in weaker than expected.
 
Asian stock markets moved cautiously Thursday as worries over the global economy sap confidence but the U.S. dollar held the previous day's gains and oil prices extended a rally.
 
China, Japan growth to slow sharply in 2016: IMF
China and Japan's economies are expected to slow sharply over the next two years but Asian growth will remain strong as domestic demand takes up the slack from weak global trade, the IMF said Tuesday.
 
The U.S. dollar struggled at multi-month lows against the yen and euro Tuesday following more weak U.S. data, while most stock markets rose in line with a strong lead from Wall Street.
 
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