Skip to main content

Global Financial News: Nikkei 225 Snaps Losing Streak

Markets in Asia attempted to bridge the gap between U.S. and European markets overnight before paring gains as the session wound to a close

Round-up of the financial news from around the world:

    Samsung Electronics'  link to a scandal that has gripped South Korea and lead to the impeachment of its President deepened Tuesday after authorities formally charged the heir to the company's founder with bribery and embezzlement. Jay Y. Lee, vice chairman of the executive board and four other senior Samsung executives were charged Tuesday in Seoul, with Lee facing and added allegation of perjury to parliament. Lee, 48, has been the subject of an investigation into a cash-for-influence scandal that brought down Park Geun-hye late last year.

      Fresnillo Plc shares fell in early London trading Tuesday after the precious metals miner posted better-than-expected full year earnings but lowered its gold production targets for 2017.

        AstraZeneca  stock gained in early London trading Tuesday after it received approval from the U.S. Food and Drug Administration for a type-2 diabetes medication.

          Japan's Nikkei 225, however, managed to snap a three day losing streak and edge 0.1% higher to close at 19,118.99 points.