Asian stocks rebounded sharply on Thursday after weeks of uncertainty as Wall Street helped sooth investors’ edgy nerves. Global markets showed signs of regaining their footing after an extended rout fueled by growth concerns.
All of this would not have been possible if a key Federal Reserve official had not hinted that, considering the recent market turmoil, a September rate increase by the US had become less likely.
TOKYO: Asian shares fell in early trading on Tuesday, while the dollar held near highs scaled in holiday-thinned trading in the previous session. European shares marked a weak finish in thin trade on Monday, with many markets in the region closed for holidays. US markets were also closed for Memorial Day. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 per cent in early trade, after eking out a late gain in the previous session. Japan's Nikkei stock index edged up 0.1 per cent, after logging seven straight gains and closing at a fresh 15-year high on Monday.