Asian Shares Mixed as Oil Steady Near $47
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High oil prices kept Asian stock  markets in check on Wednesday as investors fretted over the  impact of energy costs on corporate earnings, but an upbeat  outlook from Applied Materials lifted some tech issues.
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Shares shuffled to a mixed finish yesterday, rebounding from earlier lows as oil prices retreated after surging past $50 a barrel.
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Crude oil prices hovered nearly five  percent below a 21-year high Monday, lifting most Asian shares  and giving investors some respite from concerns that energy  costs would choke off profits and economic growth.
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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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Oil prices marched toward $50 a  barrel on Friday, weighing on Asian stock markets as investors  fretted over the impact of high energy costs on corporate  profits, consumer spending and economic growth in general.
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Asian stocks fell more than 2 percent on Wednesday as oil prices topped $100 a barrel, rekindling inlfation fears.
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Asian stocks struggled to make gains  on Friday and the yen inched off lows against the euro and the  dollar as investors fretted about the health of the U.S.  economy ahead of the release of closely watched jobs data.
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Asian shares shrugged off record oil  prices on Wednesday to hit five-month highs as key technology  issues cheered resilience in their U.S. peers, but worries over  the impact of high energy costs on firms' profits capped gains.
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Asian shares struggled to break above  the flat line on Friday as dour economic reports in Japan and  South Korea followed lackluster trading in U.S. markets to cap  gains.
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U.S. shares were seen opening slightly  weaker on Wednesday as oil prices held near the $47 a barrel  level, while investors cooled to the Federal Reserve's   assessment of the economy.
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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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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 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 closed mixed Monday, with the key indexes dipping both in Hong Kong and Singapore. Japanese financial markets were closed for a national holiday.
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Asian stocks bounced in early trade on Wednesday after the strongest rally in the Dow Jones index since June, but gains were trimmed after an earthquake jolted northern Japan and chip-related stocks slumped.
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Asian stocks were mixed in thin pre-holiday trade on Friday, with steel shares tracking a fall in the U.S. steel sector overnight on concerns about slackening China demand.
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Asian share markets fell on Monday after oil hit a record above $55 a barrel, with investors cautious ahead of earnings reports from bellwether firms IBM and Texas Instruments later in the day.