CANBERA (dpa-AFX) - Asian stock markets snapped the losing streak and are mostly higher on Friday, after three straight sessions of losses, following the broadly positive cues overnight from Wall
TOKYO (dpa-AFX) - The Japanese stock market is sharply higher on Friday, staging a strong comeback after suffering losses in the previous three sessions, with the benchmark Nikkei 225 just below
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Japanese shares end higher on cyclicals boost, tech weakness caps gains Reuters 2 hrs ago
TOKYO, May 6 (Reuters) - Japanese shares gained on Thursday to mark their biggest percentage gain in two weeks, as investors scooped up cyclical shares following Wall Street gains, although the gains were capped by technology shares that tracked the Nasdaq lower.
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The Nikkei share average advanced 1.8% to close at 29,331.37, while the broader Topix gained 1.54% to 1,927.40. The market reopened on Thursday after three days of public holidays. The market rebounded after sell-offs before the Golden Week holiday when investors were too cautious about the market outlook, said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.
Asian Markets Mixed Amid Pandemic Woes
CANBERA (dpa-AFX) - Asian stock markets are mixed on Thursday, following thin trading in the previous three sessions due to holiday s in couple of major markets, as concerns remain about the continuing surge in daily coronavirus cases in most markets in the region and the related restrictions or lockdown in several areas restricting economic activity. Asian markets closed mixed in thin trading on Wednesday.
Meanwhile, U.S. Treasury Secretary Janet Yellen eased market concerns of a rate hike after she clarified that she was neither predicting nor recommending a rate increase. Yellen had suggested yesterday that interest rates may have to rise modestly to prevent the economy from overheating amid the recent spike in government spending.