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Singapore Inflation Data Due On Wednesday
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(RTTNews) - Singapore will on Wednesday release consumer price data for September, highlighting a light day for Asia-Pacific economic activity.
Overall inflation is expected to rise 0.5 percent on month and 1.9 percent on year, easing from 0.7 percent on month and 2.2 percent on year in August. Core CPI is called steady at an annual 2.7 percent.
Taiwan will see September figures for industrial production; in August, industrial production was up 13.42 percent on year.
Finally, the markets in Thailand are closed on Wednesday for Chulalongkorn Day and will re-open on Thursday.
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Asian Markets Mixed Amid Cautious Trades
Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and optimistic about an interest rate cut by the US Fed ahead of the Fed's monetary policy announcement on Wednesday. Traders have already factored in a rate cut by the US Fed as a "certainty." Asian markets closed mixed on Monday.
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Indian shares look set to open on a flat note on Tuesday despite mostly positive cues from global markets.
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Thai Shares May Crack Resistance At 1,300 Points
The Thai stock market has moved higher in seven straight sessions, adding more than 45 points or 3.8 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,300-point plateau and it may tick higher again on Tuesday.
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Japanese Market Slightly Higher
The Japanese stock market is slightly higher in post-holiday trading on Tuesday after opening well in the green, and briefly slipping in to the red, recouping the losses in the previous session, following the positive cues from Wall Street overnight. The Nikkei 225 is moving above the 44,800 level, with gains in automakers and technology stocks partially offset by weakness in financial stocks.
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Indonesia Bourse May Challenge 8,000-Point Level
The Indonesia stock market has moved higher in four straight sessions, advancing more than 300 points or 4 percent in that span. The Jakarta Composite Index now rests just beneath the 7,940-point plateau and it may extend its gains again on Tuesday.
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Hong Kong Stock Market May See Additional Support
The Hong Kong stock market has moved higher in consecutive trading days, advancing more than 360 points or 1.4 percent in that span. The Hang Seng Index now sits just beneath the 26,450-point plateau and it's expected to open in the green again on Tuesday.
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Australian Market Modestly Higher
The Australian stock market is trading modestly higher on Tuesday, recouping the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,850 level, with gains across most sectors led by mining and technology shares.
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China Shares Due For Support On Tuesday.
The China stock market has moved lower in consecutive trading days, sinking almost 15 points or 0.4 percent in that span. The Shanghai Composite Index now sits just above the 3,860-point plateau although it's expected to open to the upside on Tuesday.
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