By Sarah Turner, MarketWatch
SYDNEY (MarketWatch) — Tokyo shares surged Wednesday after the Bank of Japan announced more policy-easing moves, pulling many other Asian markets along for the ride higher.
Japan’s Nikkei Stock Average (TYO:JP:100000018) rallied 1.5%, while Hong Kong’s Hang Seng Index (HSI:HK:HSI) climbed 0.9% and Australia’s S&P/ASX 200 index(ASX:AU:XJO) traded up 0.5%.
The Shanghai Composite Index (SHA:CN:000001) edged up 0.2%, though South Korea’s Kospi (KRX:KR:SEU) lagged with a 0.3% loss.
Wall Street ended little changed on Tuesday, [...]
(Reuters) – Risk assets fell broadly on Monday after elections in Greece and France fuelled questions about whether struggling euro zone economies will continue to pursue austerity measures which are seen by markets as crucial to resolving the bloc’s debt crisis.
U.S. stock futures were down 1.1 percent, indicating a big drop for MSCI’s broadest index of Asia-Pacific shares. Japan’s Nikkei stock average is expected to open sharply lower on Monday.
By LESLIE SHAFFER
SINGAPORE–Asian shares were sharply lower Friday following a selloff on Wall Street as grim U.S. data triggered fresh concerns of a global economic slowdown.
Gold hit a fresh high buoyed by its safe-haven status.
“Concerns about the outlook for the U.S. and the global economy have been reinforced yet again,” said Tsuyoshi Segawa, an equity strategist at Mizuho Securities.
“So much for two-way risk in markets. [...]
By BRAD FRISCHKORN
Employees of the Tokyo Stock Exchange work at the bourse in Tokyo March 14, 2011.
TOKYO—An early decline in Japanese shares picked up speed Tuesday afternoon, with the main index skidding 14.4% as the country’s prime minister warned of a high risk of elevated levels of radiation from a reactor at the Fukushima nuclear-power plant after another explosion earlier in the day.
Bargain hunters were [...]