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New Zealand Trade Data On Tap For Tuesday
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(RTTNews) - New Zealand will on Tuesday release March figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In February, imports were worth NZ$6.23 billion and exports were at NZ$6.74 billion for a trade surplus of NZ$510 million.
Taiwan will see March numbers for export orders and unemployment; in February, orders surged 31.1 percent on year and the jobless rate was 3.35 percent.
Hong Kong will provide March data for unemployment; in February, the jobless rate was 3.2 percent.
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Sensex, Nifty Likely To Open On Cautious Note As Oil Resumes Upward Climb
Indian shares look set to open lower on Wednesday after oil prices jumped more than 4 percent on Tuesday to hit a near five-month high amid concerns that an escalation of tensions in the Middle East will trigger more direct American involvement.
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Thai Stock Market May Test Support At 1,100 Points
The Thai stock market has finished lower in four straight sessions, slumping more than 25 points or 2.2 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,115-point plateau and it's likely to open to the downside again on Wednesday.
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Indonesia Bourse May Hand Back Tuesday's Gains
The Indonesia stock market on Tuesday ended the four-day losing streak in which it had dropped more than 110 points or 1.6 percent. The Jakarta Composite Index now sits just above the 7,150-point plateau although it's tipped to open in the red again on Wednesday.
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Japanese Market Modestly Higher
The Japanese stock market is trading modestly higher on Wednesday after opening in the red, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving a tad above the 38,600 level, with gains in some index heavyweights and exporters partially offset by weakness in financial and technology stocks.
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More Pain Predicted For Hong Kong Stock Market
The Hong Kong stock market turned lower again on Tuesday, one day after snapping the two-day losing streak in which it had given up more than 470 points or 2 percent. The Hang Seng Index now sits just above the 23,980-point plateau and the losses may accelerate on Wednesday.
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Australian Market Slightly Lower
Australian shares are trading slightly lower on Wednesday, extending the slight losses in the previous session, with the benchmark S&P/ASX 200 staying above the 8,500 level, following the broadly negative cues from Wall Street overnight, with weakness in mining and financial stocks partially offset by gains in energy stocks.
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China Shares Tipped To Open In The Red
The China stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had collected almost 20 points or 0.6 percent. The Shanghai Composite Index now sits just shy of the 3,390-point plateau and it's looking at another soft start again on Wednesday.
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Taiwan Stock Market May Head South Again On Wednesday
The Taiwan stock market on Tuesday wrote a finish to the three-day losing streak in which it had given up more than 420 points or 1.9 percent. The Taiwan Stock Exchange now sits just above the 22,210-point plateau although it may see renewed selling pressure on Wednesday.
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