Asian Shares Fall on Tech Profit Worries
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Asian stocks slid on Monday as investors fretted over high oil prices and bleak earnings prospects at technology firms, while Australian markets cheered a resounding election win for Prime Minister John Howard.
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Asian stocks slipped on Monday after four straight weeks of gains, with expectations of a U.S. interest rate cut later this week offset by renewed concerns about a global credit squeeze.
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TOKYO (CBS.MW) -- The Nikkei Average edged down by midday Tuesday as tech stocks fell on profit-taking, but the declines were limited by extended gains in banking issues.
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The Nikkei average fell 0.04 percent on  Friday as investors took profits in recent gainers such as  Toshiba Corp. (6502.T), although trade was relatively slow  ahead of a closely watched U.S. jobs report.
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Technology stocks led a tumble in  Asian shares Tuesday as a gloomy outlook from LG.Philips LCD  and record high oil prices fueled investor concerns about a  slowdown in corporate profits and global economic growth.
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Asian stocks edged down on Tuesday as a reduced sales forecast by the world's biggest retailer, Wal-Mart, stoked concerns of slower economic growth and offset relief from lower oil prices.
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Asian shares fell on Tuesday as a soft dollar and concerns about weak holiday spending in the key U.S. market prompted investors to unload shares in exporters such as Samsung Electronics  and Honda
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Asian share markets staged a  broad-based retreat on Wednesday, led by steelmakers amid  warnings of price declines, but also enveloping technology and  financial stocks on worries that earnings may disappoint.
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Tokyo stocks fell on Thursday as caution  about earnings hurt Canon Inc. and other tech firms after  disappointing outlooks this week from Elpida Memory Inc. and  Nintendo Co.
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Asian stocks tumbled anew on Friday after the latest salvo of sour signals about the U.S. economy pummeled Wall Street, sending the benchmark S&P 500  down 3 percent to a 15-month nadir.
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Asian stocks edged lower on Wednesday as profit taking set in after two days of gains and the dollar firmed ahead of comments from Fed chief Alan Greenspan that are expected to cement the case for further U.S. rate rises.
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Asian stock markets closed lower on Tuesday, as concerns over the outlook for the US ahead of a slew of bank earnings and trumped initial technology-driven gains on better-than-expected results from companies including IBM, Samsung and LG Philips.
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Asian shares were mostly lower on  Monday amid weak volume and as a price war for Nippon Telegraph  and Telephone Corp.'s fixed-line business sent its shares  tumbling 5.7 percent.
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Asian stocks slid on Monday on gloomy U.S. jobs data, bleak earnings prospects at tech firms and high oil prices, while the Australian dollar hit a six-month peak after the coalition government was swept back to power.
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Asian markets slide following the dip in global stocks on fears about China, with the Nikkei losing 2.9%.
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Asian stocks edged lower on Wednesday  as profit taking set in after two days of gains and the dollar  firmed ahead of comments from Fed chief Alan Greenspan that are  expected to cement the case for further U.S. rate rises.
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Asian shares slumped on Wednesday, tracking heavy losses on Wall Street on fears about an intensifying crisis in U.S. mortgage lending that spooked investors nursing losses from a sharp sell-off two weeks ago.