Asian Stocks Slip as Oil Moves Above $55
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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.
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Asian stocks edged lower on Tuesday  and the dollar hovered above a record low against a basket of  major currencies as investors held their fire ahead of a U.S.  Federal Reserve policy-setting meeting that is expected to cut  interest rates.
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Crude oil extended its retreat on Monday from a 21-year high near &#36;50 a barrel, 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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SINGAPORE - Crude oil futures were lower in Asian trade on Thursday after sharp gains overnight on news of a twin car bomb attacks against security targets in oil kingpin Saudi Arabia, dealers said.
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Technology stocks led Asian share  markets lower Friday after a retreat by their U.S. peers, with  investors cautious amid record-breaking oil prices and ahead of  U.S. jobs data later in the day.
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The latest jump in oil prices to over $55 a barrel pushed stocks down yesterday, with blue chips falling to their lowest levels this year.
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Asian stocks dropped on Tuesday as fresh fears over turmoil in the credit markets  weighed on banking shares, though energy companies benefitted from a record price for US crude.
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Oil prices simmered near $55 a barrel on  Friday on rising fears of a winter fuel supply crunch and  robust but slowing economic growth in China, the world's number  two user.
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Technology stocks led Asian share  markets lower on Friday after a retreat by their U.S. peers,  with investors cautious amid record-breaking oil prices and  ahead of U.S. jobs data later in the day.
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Asian share markets were trapped in  narrow ranges on Tuesday as higher oil prices and a sales  warning by chip maker Advanced Micro Devices offset upbeat U.S.  economic and corporate news.
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Asian stocks slid on Monday on gloomy U.S. jobs data, bleak earnings prospects at tech firms and high oil prices, while the Australian dollar hit a six-month peak after the coalition government was swept back to power.
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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 stocks rose after oil prices fell from a record on Friday, easing concern higher energy costs will damp consumer spending and corporate profits.
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Asian stocks edged higher on Thursday  as a rally in crude oil prices underpinned resource stocks,  while the dollar was supported by U.S. Fed chief Alan  Greenspan's comment that U.S. interest rates were "fairly low."
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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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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 shares stuck to narrow ranges  Friday as record oil prices supported energy stocks and miners  rebounded on steadier metals markets, countering worries about  technology earnings and falls in Japanese automakers.