Asian stocks turn higher in choppy trade, growth concerns persist

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Asian stocks turn higher in choppy trade, growth concerns persist

Investing.com-- Most Asian stocks pared early losses and rose on Thursday, although persistent concerns over slowing economic growth and higher interest rates kept markets volatile and still limited overall gains.

Heightened fears of a U.S. recession battered Wall Street in recent sessions, as did a string of middling earnings from heavyweight technology stocks.indexes moved in a flat-to-low range on Thursday as a rebound over the past two days ran dry. The two had fallen sharply in early morning trade, but pared a bulk of their losses.

An unexpectedly hawkish tone from the BOJ was the main driver of a recent rout in Japanese markets, which saw the Nikkei and the TOPIX enter bear market territory on Monday.Major Asian technology stocks also fell tracking weak signals from their U.S. peers, especially in the chipmaking sector. U.S.

 

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