Hang Seng

Recovery also attributed to encouraging US economic data.

Asian stocks bearish after negative Wall Street and FTSE close.

Yellen was optimistic of the US economy, but acknowledged that global risks such as China slowdown persist.

Deutsche Bank, BNP Paribas, Barclays and Intesa Sanpaolo have seen their share prices decline in recent times.

Oil prices increase after Saudi Arabia and Venezuela discuss need for price stabilisation.

On 4 February, Dow Jones Industrial Average was up 0.49%, while FTSE 100 closed higher by 1.06%.

Oil prices increased on speculation that the US Federal Reserve may not increase interest rates in 2016.

Oil prices slipped after China reported weak manufacturing data for January.

China's official manufacturing purchasing manager's index (PMI) for January 2016 came in at 49.4.

Bank of Japan has said that 0.1% interest would be charged for excess reserves parked with it.

Apple admits to feeling the impact of the China slowdown as it warns that iPhone sales are set to fall.

China's stocks tumbled to the lowest levels in 13 months.

Only the Indian and Australian were up following another down day for US markets.

Barring Japan, Asian stock markets in the green despite oil price worries after Iran sanctions were lifted.

Apart from China, stock markets across Hong Kong, Australia, India, Japan and South Korea were trading lower.

Standard Chartered warns that oil prices could slide to $10 a barrel.

China's Shanghai Composite Index, which lost all of its 2015 gains last week, was at 3,098.04, down 2.77%.

Chinese markets were in the green following suspension of its circuit breaker by CSRC.

Trading suspended for the day after CSI 300 index plunges and triggers the 'circuit breaker' rule.

The test added to investors' woes whose sentiment was already dampened because of the China slowdown.

The Shanghai Composite only lost slightly while tech-sensitive Hang Seng suffered more than others

People's bank of China revalued its yuan currency on 5 January at a much firmer rate than many had expected.

Weak China PMI and devaluation by People's Bank of China affect market sentiments.

Markets in Australia and Hong Kong close early ahead of New Year's Eve.

Australia's S&P/ASX 200 advances for ninth straight session, but Chinese markets lose ground.

Australian shares up 0.9% as trading resumes following four-day holiday.

Investors remain concerned about the extent of tightening the Fed could undertake in 2016.

Brent crude continues fall amid rising US Dollar Index.

For the overall week, Asian stock markets gained due to the depreciating Chinese yuan and the Fed's first rate rise.

The US Federal Reserve has announced a decision to increase its interest rates by 25 basis points to 0.5%.