Stay updated with breaking news from Stocks Close. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Japanese shares soared on Friday led by cyclical stocks on economic recovery hopes, as investors were optimistic that any fallout from China Evergrande's debt woes would not spillover to other markets.
China stocks closed lower on Wednesday, as a widening power crunch prompted investors to exit sectors vulnerable to factory shutdowns, including chemicals and steelmaking.
Japanese shares tracked weakness in global markets to close lower on Tuesday, as investors dumped risky assets on fears of a potential default by China's Evergrande Group, although some bargain buying helped limit the losses.
The Nikkei hit a more than two-week low on Wednesday as investors looked ahead warily to the outcome of a U.S. Federal Reserve meeting, seeking more clues on when policymakers will wind down stimulus and lift interest rates.
Japanese shares closed lower for a second straight session on Thursday, as investors continued to cash in after a recent rally that was led by hopes of new political leadership.