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June 4, 2007

Asia markets firmer, China slides

HONG KONG (Reuters) — Asian stock markets rose on Monday with Australia and Singapore following Wall Street’s lead to record highs, but a slump in mainland Chinese shares saw many regional markets lose grip of early peaks.
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Stocks Extend Advance As Oil Prices Dip

Stocks extended their advance Monday as oil prices dropped, falling $1 a barrel in early trading after Hurricane Dennis missed key Gulf of Mexico refineries and averted a disruption in fuel supplies.

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Indexes drop on PPI data, Oracle

U.S. stocks fell sharply on Tuesday after news of the sharpest rise in producer prices in 32 years and disappointing financial results from tech bellwether Oracle and Circuit City, a leading electronics retailer.

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Asian stocks subdued

HONG KONG (Reuters) -- Asian stock markets were subdued on Wednesday as investors worried Chinese shares might drop after Beijing raised stock trading stamp duty in a bid to cool a market that has nearly tripled in value since last May. Read more here

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