Asian shares were set to hold on to this week's gains, while the dollar took a breather on Friday after stepping back from seven-month highs as investors grappled with the prospects of higher US borrowing costs and slower global economic g
Asian shares slumped on Friday after commodity prices plunged to multi-year lows on worries that slower global growth may worsen a supply glut, while US Federal Reserve officials kept beating the drum for a rate hike next month.
Asian shares slipped on Friday as investors braced for US employment data that is expected to bolster the case for a Federal Reserve interest rate increase as early as next month.
MSCI's broadest index of A
Asian shares were down on Friday and on track for a weekly loss as investors, anxious over faltering global growth, fretted about the possibility that the US Federal Reserve could still raise borrowing costs this year.
Tech giant Samsung Electronics Company on Thursday unveiled a 11.3 trillion won ($9.9 billion) share buyback after reporting its first on-year profit growth in two years thanks to strong component sales, pushing its shares sharply higher.
Stock markets worldwide soared on Friday after China cut interest rates for the fourth time this year and several large-cap US technology companies reported better-than-expected quarterly results.
Shares across Asia, Europe and th
Asian shares hit a two-month high on Friday, catching some of Wall Street's shine after upbeat US price and jobless claims data calmed some concerns about the strength of the US economy.
Asian shares rose to two-month highs on Thursday and the dollar struggled near multi-week lows after weak US economic data added to expectations that the Federal Reserve will delay hiking interest rates.
Shares in trader and miner Glencore surged as much as 20 per cent in London on Monday, following a 25-per cent leap on the Hong Kong market, as hopes for deal-making trumped worries over a slump in metals prices.
Asian shares slumped on Friday, while the dollar firmed after Federal Reserve chair Janet Yellen suggested the central bank is still on track to raise interest rates later this year.
MSCI's broadest index o