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Apr 17, 2014

Asian stocks creep ahead, tech sector a drag

SYDNEY, April 17 (Reuters) – Asian share markets crept
higher on Thursday as dovish comments from the head of the U.S.
Federal Reserve lifted Wall Street while weighing on the dollar,
with trade light heading into the Easter holidays.

Disappointing results from Google and IBM had also knocked
their shares lower after the bell and put a crimp on technology
stocks in the region.

Apr 17, 2014

Canny Australians build a bulwark out of housing debt

SYDNEY (Reuters) – The adage “safe as houses” has been an oxymoron since the global financial crisis. But it still has a resonance for Australians who use their homes as a piggy bank, salting away money by paying down their mortgages at a breakneck pace.

It’s a distinctive feature of the Australian housing market that gives borrowers a vital buffer should the economy take a turn for the worse. It is also a major reason policymakers have been sanguine about a run-up in house prices that some worry could morph into a bubble if left unchecked.

Apr 17, 2014

Asian stocks struggle higher, lack conviction

SYDNEY, April 17 (Reuters) – Asian share markets eked out
gains on Thursday as dovish comments from the head of the U.S.
Federal Reserve combined with an upbeat economic assessment from
the central bank to lift Wall Street for a third straight
session.

However, disappointing results from Google and IBM knocked
their shares lower after the bell and could crimp technology
stocks in the region.

Apr 17, 2014

Asian stocks struggle to match Wall Street vigor

SYDNEY (Reuters) – Asian share markets were trying to rally on Thursday as dovish comments from the head of the U.S. Federal Reserve coupled with an upbeat economic assessment from the central bank to lift Wall Street for a third straight session.

However, disappointing results from Google and IBM knocked their shares lower after the bell and could crimp technology stocks in the region. Indeed, the tech and telecoms sectors in

Apr 16, 2014

Asian shares up on China relief, Softbank stars

SYDNEY, April 16 (Reuters) – Asian share markets made broad
gains on Wednesday after China reported economic growth a touch
above forecasts, a relief for investors who had feared a much
weaker outcome.

China’s economy grew 7.4 percent in the first quarter, from
a year earlier, pipping forecasts of 7.3 percent. That was
welcome news to many given there had been foreboding whispers
that growth would be nearer 7.0 percent following a string of
soft numbers recently.

Apr 16, 2014

Asian shares offer muted cheer to China growth

SYDNEY, April 16 (Reuters) – Asian share markets were mostly
in the black on Wednesday after China reported economic growth a
touch above forecasts, a relief for investors who had feared a
much weaker outcome.

China’s economy grew 7.4 percent in the first quarter, from
a year earlier, pipping forecasts of 7.3 percent. That was
welcome news to many investors given foreboding whispers that
growth would be nearer 7.0 percent following a string of soft
numbers recently.

Apr 16, 2014

On edge for China growth data, Nikkei tries to rally

SYDNEY (Reuters) – Asian markets took some comfort from a late spurt by Wall Street on Wednesday as investors tensed for a reading on Chinese economic growth, while rising tensions in Ukraine kept safe-haven sovereign debt well bid.

Japan’s Nikkei managed to bounce 1.6 percent having found solid support around 13,885 for a couple of sessions. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, with Australian stocks edging 0.2 percent up in early trade.

Apr 11, 2014

Japan stocks spooked to 6-mth lows by Wall St retreat

SYDNEY, April 11 (Reuters) – Japanese shares sank to
six-month lows on Friday as an escalating selloff on Wall Street
spread to Asia and slugged markets that had been fairly
resilient up to now.

What was increasingly looking like a major portfolio shift
from momentum plays in U.S. technology and biotechnology stocks
was having a knock-on effect across all regions and sectors,
pressuring even defensive shares.

Apr 11, 2014

Japanese stocks sink as Wall Street selloff spreads

SYDNEY (Reuters) – Japanese shares sank to six-month lows on Friday as an escalating selloff on Wall Street spread to Asia and slugged markets that had been fairly resilient up to now.

What was increasingly looking like a major portfolio shift from momentum plays in U.S. technology and biotechnology stocks was having a knock-on effect across all regions and sectors, pressuring even defensive shares.

Apr 10, 2014

Japan stocks under pressure after Wall Street slump

SYDNEY (Reuters) – Japanese shares are set to open sharply lower on Friday after Wall Street took a fresh tumble in what is increasingly looking like a major portfolio shift from equities to bonds, emerging markets and, to a lesser extent, gold.

Still, other Asian markets should prove resilient, as they have done all week, given fund managers seem to be re-weighting in favor of emerging stocks as they trim their large exposure to momentum plays in the technology and biotechnology sectors.