|
|
|
Monday, March 22, 2010
|
|
|
|
Monday, March 22, 2010
|
Asian investors shook off concerns of Dubai’s financial woes Monday, pushing banks and regional stock markets higher.
The yen hit a new 14-year peak against the dollar Friday due to concerns about Dubai's debt problems.
Stocks tumbled on Friday afternoon as news of a possible default by Dubai World roiled Wall Street.
Investors recoiled from risky assets on Friday and dumped shares in Asian banks and builders.
Asian banks and financial shares dipped Wednesday, as investors sold after weaker-than expected U.S. economic data was released.
Oil prices fell below $76 a barrel after data showed the U.S. economy grew at a slower pace last quarter.
Gold powered to another record high in Asia Monday, as U.S. economic doubts grow.
Doubts about the pace of economic recovery hit Asian markets on Thursday, with Japanese stocks falling to a four-month low.
Asian shares edged higher Wednesday while global inflation and recovery worries pushed gold to another new high.
Asian stocks gave up early gains, while the dollar was pinned near 15-month lows.