Chief Correspondent, commodities and energy, Japan
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Jun 28, 2013

Asian shares edge higher on global equity gains

TOKYO, June 28 (Reuters) – Asian shares edged higher to
extend gains for a third day on Friday, tracking an overnight
rise in global equities on easing fears of an early end to U.S.
monetary stimulus, but caution remained about the recently
volatile Chinese markets.

Global equity markets and bonds extended gains on Thursday,
recovering further from the recent acute selloff, after three
U.S. Federal Reserve officials sought to downplay market fears
that the central bank would soon ease its unprecedented
bond-buying stimulus programme known as quantitative easing or
QE.

Jun 27, 2013

Asian shares rise on global recovery as Fed fears ease

TOKYO, June 27 (Reuters) – Asian shares extended gains on
Thursday, buoyed by rising global equities overnight on
expectations the U.S. Federal Reserve will not rush to end its
stimulus programme, but investor caution over Chinese markets
capped the upside.

The dollar rose and global equity markets advanced for a
second day on Wednesday after a surprisingly sharp downward
revision to first-quarter U.S. economic growth eased fears that
the Fed would soon wind down its bond-buying scheme which has
underpinned investor risk appetite.

Jun 26, 2013

Most Asia shares rebound but Shanghai extends slide

TOKYO (Reuters) – Most Asian shares turned around a four-day losing streak and rose on Wednesday as investors took comfort from U.S. data underscoring an American recovery and assurances from China’s central bank that it will offer funds to banks if needed.

Struggling markets, worried investors: see this slideshow

Jun 26, 2013

Asian shares rebound on PBOC reassurances, U.S. data

TOKYO (Reuters) – Asian shares edged higher to reverse a four-day losing streak on Wednesday as investors took comfort from firm U.S. data underscoring an American recovery, and assurances from China’s central bank to provide funds to institutions if needed.

Global equity markets and the dollar rose on Tuesday after U.S. economic reports ranging from manufacturing and housing to consumer confidence buoyed optimism – after days of nerve-wracking uncertainty over the intentions of the world’s biggest central banks.

Jun 25, 2013

China markets at lowest since early 2009; Asia weak

TOKYO (Reuters) – Chinese shares sank deeper into bear market territory on Tuesday, pulling down most other Asian stock markets, as worries spread that tight liquidity could threaten China’s economic growth and take the shine off an emerging U.S. recovery.

Commodities also fell, with copper hovering near a three-year low, on fears of weaker Chinese demand.

Jun 25, 2013

Asian shares drift lower, focus on China liquidity

TOKYO (Reuters) – Asian shares slipped further on Tuesday and investors braced for more volatility in Chinese markets as worries spread that tight liquidity could impede China’s economic growth and take the shine off an emerging U.S. recovery.

Japan’s Nikkei stock average .N225 opened up 0.1 percent but quickly gave up early gains and fell 0.7 percent. .T

Jun 24, 2013

Asia shares slide on China worries, Fed outlook; dollar firms

TOKYO (Reuters) – Asian shares fell to a fresh 9-1/2-month low on Monday as investors worried about China’s economic and financial stability and markets scrambled to price in the Federal Reserve’s plan to tone down its stimulus drive starting later this year.

MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 1.2 percent to its lowest since early September, after posting its worst week since May 2012 with a drop of 4.5 percent last week.

Jun 24, 2013

Global Markets – Fed outlook bolsters dollar, caps Asian shares

TOKYO (Reuters) – The dollar rose on Monday as the prospect of an improving U.S. economy that has prompted the Federal Reserve to consider toning down its stimulus drive in coming months, but Asian shares were capped as investors adapted to the Fed’s evolving plan.

The dollar was up 0.5 percent against the yen at 98.38, slowly extending gains and moving away from its 10-week low of 93.75 yen hit earlier in the month.

Jun 24, 2013

Fed outlook bolsters dollar, caps Asian shares

TOKYO (Reuters) – The dollar rose on Monday as the prospect of an improving U.S. economy that has prompted the Federal Reserve to consider toning down its stimulus drive in coming months, but Asian shares were capped as investors adapted to the Fed’s evolving plan.

The dollar was up 0.5 percent against the yen at 98.38, slowly extending gains and moving away from its 10-week low of 93.75 yen hit earlier in the month.

Jun 21, 2013

Asian shares hit nine-month lows on Fed, China rates ease

TOKYO (Reuters) – Asian stocks hit a fresh 9-1/2-month low on Friday while spot gold slipped to its lowest price in nearly three years as the U.S. Federal Reserve’s plan to scale back stimulus continued to worry investors.

But China’s central bank offered some comfort to stressed money markets, relieving Thursday’s crushing liquidity squeeze with “window guidance” to major state banks to resume supplying funds, after indicative interbank rates reached highs above 25 percent on Thursday.

    • About Chikako

      "I oversee coverage of commodities and energy related news in Japan, which ranges from the rubberfutures market, copper and aluminium output to nuclear power operations. I am based in Tokyo and my previous roles include a senior correspondent in the treasury team, specialising on the Bank of Japan's money market operations, and banking correspondent."
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