Asian bourses News

Asia stocks staged another rally in early trade on Friday, taking heart from strong US growth figures to cement a recovery after a torrid week when global markets took fright over China`s gloomy economic outlook.

Asian share markets were broadly higher on Monday as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding.

Tokyo fell 0.85 percent and Sydney lost 0.16 percent while Hong Kong shed 0.17 percent. But Shanghai edged up 0.12 percent and Seoul put on 0.20 percent.

Asian stocks mostly fell on Thursday as fresh data signalling a further loss of momentum in China`s economy weighed on sentiment, while the yen slid to multi-year lows against the dollar and euro.

Tokyo, which has surged more than 10 percent this month, sank 1.92 percent and Sydney fell 0.56 percent, while Hong Kong lost 0.14 percent and Shanghai put on 0.11 percent. Seoul was 0.10 percent lower.

The index has been confined to a narrow range this week as the US economy outperforms the euro zone and China.

Japan`s Nikkei added 0.2 percent after big gains in the previous two sessions on expectations that Prime Minister Shinzo Abe will postpone a planned tax hike next year to support the economy.

The Nikkei share average ended 1.0 percent higher to 15,291.64, the best closing level since Oct 10.

Asian markets were mixed on Friday following strong gains on Wall Street, with Tokyo enjoying a significant bump due to the dollar`s rise against the yen.

Asian bourses were listless in early trade Tuesday ahead of the US Federal Reserve`s monetary policy meeting, and as lingering concerns over Chinese and US economic data weighed heavily on global markets.