Wall Street stocks tumbled overnight on a second downgrade of Greece's sovereign debt in a month and Citigroup's capital raising. The US dollar rebounded as investors cut riskier assets. The US dollar index, which measures its performance against a basket of major currencies, rose to its highest level in more than three months.
Esprit Holdings Limited
Asia's major markets including Tokyo, Shanghai and Hong Kong closed higher on Wednesday after the US stocks rose on the positive economy data and progress on government's stimulus plan. Tokyo stocks opened lower Thursday as investor sentiment was dampened by bleak U.S. corporate earnings.