50 per tonne on Thursday before bouncing to $4,630. Chinese authorities are desperate to support share prices while the European Central Bank has also clearly indicated an easing in December," said Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities..Oil prices were also not far from near three-month lows hit earlier this week."Share prices are boosted by ample liquidity. Japan's Nikkei retreated from three-month highs hit on Thursday, falling 0. It slumped to a 6-1/2-year low of $4,573. Demand for raw materials remain very weak," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management.The dollar weakened across the board on Thursday after rising for four straight sessions, as investors cashed in recent gains driven by widespread expectations of a US Federal Reserve interest rate increase next month.0617 on Wednesday.MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat on the day, though it held on to gains of 1."People who sold shares in the summer on concerns about slowdown in China are buying back.5 per cent as the dollar dipped versus the yen though it is likely to post its fifth consecutive week of gains.
The dollar index stepped back from Wednesday's seven-month high of 99.In another sign of weak global demand, the Baltic Index, which tracks rates for ships carrying dry bulk commodities, fell to a record low, having fallen 58.0 per cent so far this week.A case in point is copper, which seen as a good gauge of the global economy because of its wide industrial use.011 per cent .0724 after having hit a seven-month low of from $1.Many economies in Asia and emerging markets are still not doing that good Tokyo: Asian shares looked set to hold on to this week's gains, while the dollar took a breather on Friday after Spring pressure gauge stepping back from seven-month highs as investors grappled with the prospects of higher US borrowing costs and slower global economic growth.26 per barrel, compared to Monday's low of 43.15. The euro bounced back to $1. It last stood at 3.At the shorter end, money market futures continue to price in around a 70 per cent chance of a rate hike by the Fed in December. But they are turning a blind eye to the poor state of economic fundamentals," he said. Markets showed limited reaction to comments from Fed Vice Chairman Stanley Fischer that the Federal Reserve has telegraphed its imminent interest rate hike so well to avoid rate liftoff surprise.988 per cent on Thursday.Long-dated US debt yields also dipped, with the 30-year yield hitting a two-week low of 2. Global benchmark Brent futures last stood at $44.89 on Thursday.8 per cent from its peak this year.50, and is down 4.It would mark the biggest weekly fall since late September if sustained by Friday's close, driven by persistent worries that supply cuts won't be enough to offset the pressure on prices caused by weak demand in top user China.853 to stand at 99.05. Commodity prices were pressured, with copper near 6-1/2-year lows and a major sea freight index hitting its lowest level on record, underscoring worries over slackening world demand.7 per cent so far this week."Many economies in Asia and emerging markets are still not doing that good.54, having fallen to near three-month lows of $39. US crude futures traded at $40
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