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Sensex, Nifty Marginally Higher In Lackluster Trade
Indian shares were little changed in early trade on Thursday despite encouraging Q4 GDP data and easing U.S. debt worries.
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Asian Markets Mostly Higher
Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from global markets overnight, as traders react to the passage of the US debt ceiling bill by the U.S. House of Representatives by a wide margin. The U.S. Senate must vote on the bill later this week before US President Joe Biden can sign it into law to avoid a potentially disastrous default.
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Sensex, Nifty Seen Tad Higher As US Default Concerns Ease
Indian shares may open a tad higher on Thursday as investors react to the passage of debt ceiling bill by the U.S. House of Representatives and domestic economic data released after market hours the previous day.
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Japanese Market Modestly Higher
The Japanese stock market is modestly higher on Thursday, recouping the losses in the previous session, with the Nikkei 225 just below the 31,000 mark, despite the broadly negative cues from global markets overnight, boosted by gains in exporters and technology stocks. Traders also digested data that showed Japanese manufacturing activity climbed back into expansion territory in May.
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No Relief Yet For Thai Stock Market
The Thai stock market has moved lower in consecutive trading days, slipping more than 7 points or 0.5 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,535-point plateau and it's likely to remain stuck in neutral again on Thursday.
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Australian Market Slightly Higher
The Australian stock market is slightly higher on Thursday, recouping some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 moving to a tad below the 7,100 level, despite the broadly negative cues from global markets overnight, boosted by gains in gold miners and technology stocks.
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Japan Manufacturing Sector Moves To Expansion In May - Jibun
The manufacturing sector in Japan climbed back into expansion territory in May, the latest survey from Jibun Bank revealed on Thursday with a manufacturing PMI score of 50.6.
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Lower Open Predicted For Hong Kong Stock Market
The Hong Kong stock market headed south again on Wednesday, one day after ending the four-day losing streak in which it had slumped almost 1,230 points or 6 percent. The Hang Seng Index now rests just above the 18,230-point plateau and it's expected to open in the red again on Thursday.
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Philippines Manufacturing Sector Accelerates In May - S&P Global
The manufacturing sector in the Philippines continued to expand in May, and at a faster rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 52.2.
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Thailand Manufacturing PMI Slows In May - S&P Global
The manufacturing sector in Thailand continued to expand in May, albeit at a slower rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 58.2.
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Lower Open Called For China Stock Market
The China stock market on Wednesday snapped the three-day winning streak in which it had advanced almost 25 points or 0.8 percent. The Shanghai Composite Index now rests just above the 3,200-point plateau and the losses may accelerate on Thursday.
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Malaysia Manufacturing PMI Declines Further In May - S&P Global
The manufacturing sector in Malaysia continued to contract in May, and at a faster rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 47.8.
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Vietnam Manufacturing PMI Falls To 45.3 In May - S&P Global
The manufacturing sector in Vietnam continued to contract in May, and at a faster rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 45.3.
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