Asia Stocks Follow Dowâs Decline; Europe Is Steady
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The Nikkei and Hang Seng indexes were down sharply amid fears about shrinking consumption in the U.S.
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European and Asian stock markets begin to claw back some ground following five days of losses.
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Stocks opened the week in grim fashion in Asia and Europe, falling heavily amid worries about banking sector debts and a slowdown in the U.S. economy. Wall Street was modestly lower.
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Most Asian and European markets fell Friday following on a tumble in the U.S. a day earlier amid growing speculation a U.S. interest rate cut was unlikely. Declines in Europe were muted, however, and Chinese stocks bucked the trend and rose for a fourth straight session.
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Asian investors shrugged off a rash  of weak economic indicators on Monday to pick up stocks that  looked like weathering a downturn, while oil and metals kept  close to record prices as supply concerns continued to bite.
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Oil prices held steady above $46 and  most Asian stock markets edged higher on Monday, but Japanese  pharmaceutical shares fell after U.S. drug maker Pfizer  reported safety risks for its Celebrex arthritis drug.
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SHANGHAI, JAN. 22 -- Stocks across Asia took precipitous falls Tuesday for the second day in a row, reflecting fears that a weak U.S. economy could derail growth worldwide.
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Asian share markets were flat on  Tuesday, ignoring weaker oil prices and a mild rise in U.S.  stock markets, and the dollar paused as officials in Europe and  Japan fretted about its recent decline.
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European shares clung to 2-1/2 year  highs in lackluster trading on Thursday, while Swiss Re rallied  on news its likely pay-out in the wake of Asia's tsunami  tragedy will be less than 100 million Swiss francs ($88.3  million).
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Europe&#39;s main stock markets dropped on Wednesday, mirroring losses in Asia, after a weak performance by Wall Street overnight, dealers said.
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World equities lost steam Wednesday, with European stock markets turning lower despite bumper gains in Asia and after the European Central Bank hinted it was not about to cut eurozone interest rates.
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TOKYO -- Markets in Asia and Europe fell again Monday, extending their slide into a second week as investors worried about a possible global slowdown dumped stocks that had surged in recent weeks.
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Wall Street managed to recoup early losses today after sharp market declines in Asia and Europe that reflected lingering fears over a tight credit market.
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Asian stocks edged lower in Monday trade, led by airlines and other travel related firms, as investors reacted to a devastating earthquake and tsunami that killed thousands of people across parts of South and Southeast Asia.
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Chinese stocks bounced back Wednesday after their biggest decline in a decade, but stock markets elsewhere in Asia and Europe fell for a second day amid investor jitters about possible slowdowns in the Chinese and U.S. economies.
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Asian stocks slipped on Monday after four straight weeks of gains, with expectations of a U.S. interest rate cut later this week offset by renewed concerns about a global credit squeeze.
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Calm returns to global markets, with Asian shares down only slightly after Friday's sharp falls in the US.