Asian Shares Firm in Face of High Oil
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Asian shares shrugged off record oil  prices on Wednesday to hit five-month highs as key technology  issues cheered resilience in their U.S. peers, but concern  about the impact of high energy costs on firms' profits capped  gains.
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Asian shares rose on Thursday, led by  exporters such as Honda and Samsung and resource stocks, after  upbeat U.S. growth data eased worries about the health of the  economy in Asia's biggest export market.
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Oil prices marched toward $50 a  barrel on Friday, weighing on Asian stock markets as investors  fretted over the impact of high energy costs on corporate  profits, consumer spending and economic growth in general.
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Oil prices held steady above &#36;46 and most Asian stock markets edged higher on Monday, but Japanese pharmaceutical shares fell after U.S. drug maker Pfizer reported safety risks for its Celebrex arthritis drug.
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Oil prices steadied on Friday after an  eight percent rout driven by a surprise interest rate hike in  China that raised doubts about demand from the world's second  largest energy user.
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Asian share markets were trapped in  narrow ranges Tuesday as oil prices edged higher and after a  warning of lower sales from semiconductor maker Advanced Micro  Devices, which offset upbeat U.S. economic and corporate news.
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Oil prices held steady above $46 and  most Asian stock markets edged higher on Monday, but Japanese  pharmaceutical shares fell after U.S. drug maker Pfizer  reported safety risks for its Celebrex arthritis drug.
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Asian stocks edged higher on Thursday as a rally in crude oil prices underpinned resource stocks, while the dollar was supported by U.S. Fed chief Alan Greenspan's comment that U.S. interest rates were "fairly low."
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Asian share markets were trapped in  narrow ranges on Tuesday as higher oil prices and a sales  warning by chip maker Advanced Micro Devices offset upbeat U.S.  economic and corporate news.
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Leading shares have closed comfortably higher, fuelled by energy stocks as crude prices tested 60 usd a barrel, but with index gains capped by mixed trading on Wall Street as the oil price dampened a flurry of M&amp;A activity.
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Asian shares were mostly flat to  lower on Monday as investors kept a wary eye on stabilizing oil  prices and looked past signs Japanese consumers were beginning  to spend more freely.
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Japanese shares rebounded from three-month lows on Tuesday but stubbornly high oil prices and concern over their impact on corporate earnings capped gains.
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Technology shares edged up in Asia on Tuesday, as crude oil prices hovered near $44 a barrel and the dollar languished ahead of key US economic data.
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Asian stocks fell more than 2 percent on Wednesday as oil prices topped $100 a barrel, rekindling inlfation fears.
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High oil prices kept Asian stock  markets in check on Wednesday as investors fretted over the  impact of energy costs on corporate earnings, but an upbeat  outlook from Applied Materials lifted some tech issues.
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Asian shares stuck to narrow ranges Friday as record oil prices supported energy stocks and miners rebounded on steadier metals markets, countering worries about technology earnings and falls in Japanese automakers.
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Asian stocks edged higher on Thursday  as a rally in crude oil prices underpinned resource stocks,  while the dollar was supported by U.S. Fed chief Alan  Greenspan's comment that U.S. interest rates were "fairly low."