Forex News

Indian shares look set to open on a positive note Tuesday on the back of firm global cues and a continued fall in oil prices as the risk of a significant escalation of hostilities between Israel and Iran eased.

The Thai stock market on Monday ended the four-day losing streak in which it had plummeted almost 80 points or 5.7 percent. The Stock Exchange of Thailand now sits just beneath the 1,350-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is upbeat on bargain hunting, especially among the technology tocks that were battered last week. The European and U.S. markets were up and the Asian bourses are expected to follow suit.

The Indonesia stock market has moved lower in back-to-back sessions, sinking more than 90 points or 1.2 percent along the way. The Jakarta Composite Index now sits just beneath the 7,075-point plateau although it's expected to open higher on Tuesday. The global forecast for the Asian markets is upbeat on bargain hunting, especially among the technology tocks that were battered last week. The European and U.S. markets were up and the Asian bourses are expected to follow suit. The JCI finished slightly lower on Monday following mixed performances from the financial shares, cement stocks and resource companies. For the day, the index dipped 13.50 points or 0.19 percent to finish at 7,073.82 after trading between 7,026.48 and 7,117.02. Among the actives, Bank CIMB Niaga perked 0.14 percent, while Bank Negara Indonesia rallied 2.39 percent, Bank Central Asia retreated 1.32 percent, Bank Rakyat Indonesia collected 0.47 percent, Indosat Ooredoo Hutchison tanked 2.83 percent, Indocement advanced 0.98 percent, Semen Indonesia dropped 0.99 percent, Indofood Sukses Makmur improved 0.82 percent, United Tractors dipped 0.20 percent, Astra International climbed 1.02 percent, Energi Mega Persada plunged 3.67 percent, Astra Agro Lestari fell 0.38 percent, Aneka Tambang added 0.57 percent, Vale Indonesia rose 0.23 percent, Timah surged 6.50 percent and Bumi Resources, Bank Mandiri and Bank Danamon Indonesia were unchanged.

Adding to the gains in the previous session, the Australian stock market is notably higher on Tuesday, following the broadly positive cues from global markets overnight. The benchmark S&P/ASX 200 is moving to a tad below the 7,700 level, with gains in iron ore miners, financial and technology stocks.

The Hong Kong stock market rebounded on Monday, one session after snapping the two-day winning streak in which it had advanced almost 140 points or 0.9 percent. The Hang Seng Index now sits just above the 16,510-point plateau and it's tipped to see additional support on Tuesday. The global forecast for the Asian markets is upbeat on bargain hunting, especially among the technology tocks that were battered last week. The European and U.S. markets were up and the Asian bourses are expected to follow suit.

The China stock market has moved lower in two straight sessions, sinking almost 30 points or 1 percent in that span. The Shanghai Composite Index now sits just above the 3,040-point plateau although it may find support on Tuesday. The global forecast for the Asian markets is upbeat on bargain hunting, especially among the technology tocks that were battered last week. The European and U.S. markets were up and the Asian bourses are expected to follow suit. The SCI finished modestly lower on Monday following losses from the financial shares, property stocks and oil companies. For the day, the index shed 20.67 points or 0.67 percent to finish at 3,044.60 after trading between 3,042.54 and 3,078.42. The Shenzhen Composite Index lost 8.30 points or 0.49 percent to end at 1,678.26. Among the actives, Industrial and Commercial Bank of China retreated 1.26 percent, while Bank of China declined 1.27 percent, China Construction Bank shed 0.68 percent, China Merchants Bank sank 0.83 percent, Bank of Communications dropped 0.87 percent, China Life Insurance collected 1.32 percent, Jiangxi Copper tanked 3.27 percent, Aluminum Corp of China (Chalco) perked 0.14 percent, Yankuang Energy plunged 4.71 percent, PetroChina tumbled 2.66 percent, China Petroleum and Chemical (Sinopec) surrendered 2.55 percent, Huaneng Power lost 0.73 percent, China Shenhua Energy plummeted 3.80 percent, Gemdale fell 0.31 percent, Poly Developments eased 0.12 percent and China Vanke was down 0.15 percent.