Asia Stocks Drop; Focus on Oil, Growth
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Asian stocks edged down on Tuesday as a reduced sales forecast by the world&#39;s biggest retailer, Wal-Mart, stoked concerns of slower economic growth and offset relief from lower oil prices.
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Asian stock markets closed lower on Tuesday, as concerns over the outlook for the US ahead of a slew of bank earnings and trumped initial technology-driven gains on better-than-expected results from companies including IBM, Samsung and LG Philips.
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Asian shares on Friday tracked a jump  in U.S. stocks after oil prices dropped below $49 a barrel,  easing pressure on the global economy, while the dollar was  mired near a record low against the euro ahead of U.S. jobs  data.
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Asian stocks edged down on Tuesday as  a reduced sales forecast by the world's biggest retailer,  Wal-Mart, stoked concerns of slower economic growth and offset  relief from lower oil prices.
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Asian shares slumped on Wednesday, tracking heavy losses on Wall Street amid fears a crisis in U.S. mortgage lending is spreading to the wider economy.
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Asian shares mostly eased on Monday with South Korea retreating from record highs on fears the government may move to cool the market, while Brent crude was about $1 away from its highest level due to supply worries.
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Asian investors took advantage of a pause in climbing oil prices on Thursday to buy beaten-down technology stocks, autos and other exporters, snapping a nine-session losing streak by Japan's key stock index.
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Oil prices were little changed on Monday as investors focused on Asian stock market gains, setting aside for now worries of a potential U.S. economic recession that had knocked prices 3 percent lower late last week.
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SINGAPORE : Crude oil prices fell in Asian trading on Monday after a three-day Christmas break as investors digested further the surprise rise in US petroleum stocks.
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Asian markets plunged Wednesday after a steep drop on Wall Street overnight fanned investors' fears the U.S. economy was sliding into a recession
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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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Asian stock markets fell on Monday, reacting to Friday&#39;s poor US economic news.
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SINGAPORE--Crude oil prices fell in Asian trading Monday as investors discounted initial worries over the prospects for a cold winter in the northern hemisphere and rising violence in Iraq, dealers said.
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Asian investors took advantage of a  pause in climbing oil prices on Thursday to buy beaten-down  technology stocks, autos and other exporters, snapping a  nine-session losing streak by Japan's key stock index.
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Asian share markets fell on Monday after oil hit a record above &#36;55 a barrel, with investors cautious ahead of earnings reports from bellwether firms IBM and Texas Instruments later in the day.
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Technology stocks led Asian shares  lower on Tuesday as investors reacted to evidence that Japan's  recovery was slowing and analysts cited risks in the outlook  for tech bellwether Intel Corp.
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Asian stock markets tumbled on Monday, with exporters hit hard as the dollar slumped to a 15-year low against a basket of major currencies on concerns the U.S. economy may be heading into a recession.