Asian shares steadied on Thursday as investors took to the sidelines, waiting for more clues over the timing and extent of any further stimulus to tackle the euro zone's debt crisis and support global growth.:clap:
Shares rose on Tuesday as investors held on to hopes the European Central Bank can trim borrowing costs and help restore confidence in the euro bloc, even as officials denied a report about the shape of its planned bond buying strategy.
Asian markets were trading higher. China’s Shanghai Composite was up 0.30% or 6.33 points at 2,114.04.
Hong Kong’s Hang Seng rose 0.99% or 196.91 points at 20,084.69.
Japan’s Nikkei was flat at 9,128.57.
Singapore’s Straits Times gained 0.59% or 17.86 points at 3,067.33.
South Korea’s Seoul Composite was up 0.24% or 4.62 points at 1,939.81.
Taiwan’s Taiwan Weighted added 0.23% or 17.47 points at 7,514.05..
Asian shares edged down in choppy trade, while gold and oil rose on Monday, encouraged by a fresh report of a potential framework for the European Central Bank's new bond buying scheme, as well as hopes of a strong easing from the Federal Reserve.
Asian shares inched up on Monday after U.S. Federal Reserve Chairman Ben Bernanke kept the door open for further stimulus if needed, but gains were capped by weak economic indicators across the region and caution over U.S. data due later this week.
Asian shares crept up on Monday with expectations rising that weak U.S. jobs data would prompt the Federal Reserve to announce fresh stimulus and Europe will make further progress in its debt crisis management this week, overshadowing soft Chinese data.
Asian shares rose to three-week highs on optimism that a German court will approve the legality of the euro zone's bailout fund later on Wednesday and the U.S. Federal Reserve may deliver further stimulus measures this week. :clap:
Good news is that Asian shares rose to be three-week highs on confidence that German courts will approve the legitimacy of the euro zone's bail out fund later this month, and the U.S. Federal Reserve possibly will deliver further stimulus measures this week!
Asian stocks held steady on Monday and gold, oil and copper hovered near multi-month highs, after markets rallied late last week on hopes that fresh stimulus measures from the developed world's big central banks will support flagging growth.
Asian shares fell as investors awaited manufacturing data from China later in the session for clues about whether Beijing would be prompted to take more stimulus action in the world's second-biggest economy.
Asian shares eased on Tuesday after sentiment was weakened by data showing Germany's business confidence dropped in September, and a weak earnings forecast from Caterpillar Inc , both of which underscored worries about a global growth slowdown
Asian shares steadied on Thursday and the safe-haven dollar eased after positive U.S. data, leaving investors waiting for more economic indicators from the world's largest economy later in the day and a European Central Bank policy meeting