Asian Stocks | featured news

Asian stocks slumped Friday after a spike in Spanish government borrowing costs added to the uncertainty over Europe's debt crisis and investors braced themselves for China.

Stocks plummeted across the Asia-Pacific region on Monday and the euro hit fresh four-year lows on renewed fears that the European debt crisis may be spreading.

The euro began the week by hitting a four-year low against the dollar and Chinese equities joined the decline in global stocks Monday, adding a new element of concern to the recent market turmoil.

In the global descent into recession, Japan continues to lead the way.

Asian stock markets fell sharply Tuesday, with benchmarks in Hong Kong and South Korea down about 4 percent, as renewed financial fears sent banks across the region tumbling.

HONG KONG — Asian stocks rebounded today from the previous day's rout, with Tokyo's index gaining nearly 3 percent, as the U.S. bailed out Bank of America again and a weaker yen lifted exporters like Toyota Motor Corp.