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Shanghai composite index

Asian stocks climb as US consumer spending improves

Tue, 08/30/2011 - 17:46 by Jaspreet Virk

Buoyed by unexpected rise in consumer spending in the United States, Asian stocks surged for the fourth day Tuesday.

Dollar falls to a 14-yr low vs. yen

Thu, 11/26/2009 - 10:01 by Ishita Sood

Tokyo, November 26 -- Japanese Yen rose to a 14-year high as the dollar dived to its lowest, putting pressure on exporters and all Central banks across Asia.

U.S. markets head lower Monday

Mon, 08/31/2009 - 23:57 by surajdogra

New York -- U.S. markets headed lower Monday following a sharp drop in the Shanghai Composite index, where a slump moved into its fifth consecutive week.

In early afternoon trading on Wall Street, the Dow Jones industrial average lost 93.11 points, 0.98 percent, to 9,455.70. The S&P 500 index lost 1.41 percent, 12.14 points, to 1,016.79. The Nasdaq composite index shed 28.55 points, 1.37 percent, to 2,000.93.

The Shanghai index lost 2.9 percent Friday and another 6.74 percent Monday. Stocks closed lower in most Asian markets Monday. The Nikkei 225 in Japan fell 0.4 percent, down 41.61 points, to 10,492.53.

The Hang Seng Index in Hong Kong fell 1.86 percent. The Sensex index in India dropped 1.61 percent.

U.S. markets pull up from skid

Thu, 08/20/2009 - 01:52 by surajdogra

New York -- U.S. markets regained their footing Wednesday after a 4.3 percent drop in the the Shanghai composite index in China prompted an early skid.

The Shanghai index technically entered a bear market, falling 20 percent since Aug. 4.

"I see this as long overdue ... nothing ever goes up on a straight line forever," Stephen Davies, chief executive officer of Javelin Wealth Management, told The New York Times.

U.S. markets bounced back from early losses with an 11 percent jump in American
Axel and Manufacturing and an 8.8 percent gain at American International Group.