Asian Shares Edge Up as Oil Eases
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Asian shares ticked higher on Tuesday as oil paused in its near-daily record climb, providing investors a chance to buy banks and some semiconductor shares such as NEC Electronics Corp.
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SINGAPORE -- Crude oil prices climbed back above the key $50 mark in Asian trade today,creeping close to an all-time high. After settling at $49.
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Asian shares on Friday tracked a jump in U.S. stocks after oil prices dropped below &#36;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 stock markets ended broadly higher on Thursday as investors took their cue from a late rally on Wall Street.
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Asian shares rallied on Thursday,  with Taiwan jumping more than 3 percent, as technology issues  chased a rise in their U.S. peers and investors showed  resilience to record oil prices.
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Japanese stocks edged higher early Tuesday after a modest overnight advance on Wall Street following a decline in oil prices. The dollar was higher against the yen.
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Oil prices edged higher on Wednesday ahead of weekly U.S. inventory data expected to show a fall in crude stockpiles but rising product tanks.
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Japanese stocks edged up by Wednesday afternoon, led by gains in firms like Mitsubishi Electric Corp., as solid earnings at some U.S. technology companies soothed worries about the sector's outlook.
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Asian shares traded flat to higher on  Thursday as investors picked through conflicting signals on  economic growth and pondered whether oil prices would fall  further after a steep slide overnight.
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Asian stock markets were mostly higher Wednesday, extending a tentative recovery as investors went fishing for bargains after Wall Street rebounded following a week of losses.
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Asian stocks rose on Thursday, with  an index of shares outside Japan at record levels for a second  successive day, as strong earnings from U.S. computer maker  Dell boosted shares in technology suppliers.
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Stock markets rose across Europe and Asia, oil prices edged up and the US dollar was modestly higher Wednesday as US President Bush crept closer to re-election in a tight race for the White House.
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MUMBAI: Asian markets were up in early trades on Friday. While Tokyo Nikkei gained 119.90 points at 10966.22, Hong Kong&#39;s Hang Seng index was up 147.
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Asian stocks rose, led by PetroChina Co., after crude oil climbed to a four-week high and comments by Vice Premier Huang Ju increased speculation that China won&#39;t adopt new measures to slow the economy.
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Asian stocks edged higher on Monday following a strong performance by Wall Street last week, but Seoul shares eased from a record high as Kookmin Bank dropped after being ordered to pay back taxes.
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Asian stocks hit a fresh all-time high on Monday, thanks to gains in energy shares such as INPEX Holdings as oil prices pushed deeper into record territory above $92 a barrel in early Asian session.
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Asian stocks were mostly higher on Monday, led by electronics and telecoms firms, while oil extended gains and the dollar edged up ahead of an expected U.S. Federal Reserve interest rate rise on Tuesday.