Asian shares fluctuate as Australian banks drop

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Source: Bloomberg
© Scanpix/RS
Asian stocks swung between gains and losses on Friday as Australian banks decreased and as the Japanese currency increased after the Bank of Japan Governor Haruhiko Kuroda said the central bank had announced sufficient stimulus. The MSCI Asia Pacific Index fell by 0.3% to 138.31 by 3:10 p.m. Tokyo time and it is set to complete a fall of 2.9% this week.

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Fri, 24 May 2013 08:38:03 GMT

Philippine Peso drops most in nine months on stocks loss

The Peso lost 1.1% this week to 41.635 per U.S. Dollar by midday trading session in Manila on Friday. The Peso made the biggest weekly drop in nine months, as some investors cashed out some profit pushing stocks lower. Generally, traders are concerned about the Federal Reserve monetary easing programme, as a suspension of it would possibly lead to capital outflows from emerging markets, including Philippine.

Fri, 24 May 2013 08:16:04 GMT

Emerging-market stocks gain led by technology companies

Emerging-market shares advanced on Friday pushing the regional benchmark index up from the steepest decline in a 10-month period as consumer-discretionary and technology-sector companies gained. The MSCI Emerging Market Index added 0.2% to 1,027.96 at 1:50 p.m. Hong Kong time after the index fell by 2.1% yesterday as China's manufacturing contracted.

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