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South Korea GDP Data Due On Thursday
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(RTTNews) - South Korea will on Thursday see preliminary Q1 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity.
GDP is expected to add 0.1 percent on quarter and 0.2 percent on year after expanding 0.1 percent on quarter and 1.2 percent on year in the three months prior.
Japan will release March numbers for producer prices, with forecasts suggesting no change at an annual 3.0 percent.
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Asian Markets Track Wall Street Higher
Asian markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as some traders looked to pick up stocks at reduced levels following the recent sell-off. Traders also react to upbeat private US economic data and growing expectations that the US Supreme Court may reject the Trump administration's aggressive trade policy.
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Japanese Market Sharply Higher
The Japanese market is sharply higher on Thursday, snapping a five-session losing streak, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving up almost 2 percent to above the 50,900 level, with gains across most sectors led by index heavyweights, exporters and financial stocks.
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Thai Stock Market May Reclaim 1,300-Point Plateau
The Thai stock market has moved lower in five straight sessions, slumping more than 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,300-point plateau although it's expected to open to the upside on Thursday.
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Additional Support Anticipated For Indonesia Shares
The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just beneath the 8,320-point plateau and it may add to its winnings on Thursday.
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Hong Kong Bourse May Halt Its Slide On Thursday
The Hong Kong stock market has moved lower in consecutive trading days, sinking more than 220 points or 0.8 percent along the way. The Hang Seng Index now rests just above the 25,930-point plateau although it may find traction on Thursday.
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China Shares May Extend Wednesday's Gains
The China stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped more than 60 points or 1.5 percent. The Shanghai Composite Index now sits just beneath the 3,970-point plateau and it may tick higher again on Thursday.
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Australian Market Notably Higher
The Australian market is trading notably higher on Thursday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,800 level, with gains across most sectors led by mining and energy stocks amid rebounding commodity prices.
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