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Taiwan Bourse May Take Further Damage On Wednesday
The Taiwan stock market has moved lower in three straight sessions, stumbling more than 150 points or 0.8 percent along the way. The Taiwan Stock Exchange now sits just above the 17,180-point plateau and it's likely in store for more misery on Wednesday.
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BoJ Minutes: Japan Economy Continues To Strengthen
Members of the Bank of Japan's Monetary Policy Board said that the country's economy remains on an upward trend, minutes from its monetary policy meeting on April 27 and 28 revealed on Wednesday.
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Singapore Stock Market May Give Up Support At 3,200 Points
The Singapore stock market has moved lower in two straight sessions, sinking almost 40 points or 1.2 percent along the way. The Straits Times Index now sits just above the 3,220-point plateau and it may take further damage on Wednesday.
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Renewed Selling Pressure Likely For Malaysia Bourse
The Malaysia stock market has alternated between positive and negative finished through the last six trading days since the end of the two-day winning streak in which it had gathered almost a dozen points or 0.9 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,390-point plateau although it's likely to head south again on Wednesday.
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Losing Streak May Continue For South Korea Shares
The South Korea stock market has finished lower in back-to-back sessions, dropping more than 20 points or 0.8 percent along the way. The KOSPI now rests just above the 2,600-point plateau although it's likely to slip beneath that support on Wednesday.
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South Korea Producer Prices Sink 0.3% In May
Producer prices in South Korea were down 0.3 percent on month in May, the Bank of Korea said on Wednesday.
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BoJ Minutes On Tap For Wednesday
The Bank of Japan will on Wednesday release the minutes from its monetary policy meeting on April 27 and 28, highlighting a light day for Asia-Pacific economic activity.
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TSX Ends Notably Lower
The Canadian market ended notably lower on Tuesday, pushed down by losses in materials and energy sectors as commodity prices fell amid concerns about global economic slowdown.
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Dollar Gains Against Major Counterparts On Rate Hike Bets
The U.S. dollar firmed against most of its major counterparts on Tuesday after stronger-than-expected housing starts and building permits data raised expectations for a rate hike by the Federal Reserve next month.
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Swiss Market Ends Notably Lower
The Switzerland stock market ended notably lower on Tuesday, tracking weak global markets, as worries about the impact of interest rate hikes continued to weigh on sentiment.
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European Stocks Close Lower After Cautious Session
European stocks closed lower on Tuesday after a cautious session as investors awaited some crucial economic data and the Federal Reserve Chair Jerome Powell's congressional testimonies later this week.
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U.S. Dollar Higher As Housing Starts Beat Expectations
The U.S. dollar appreciated against its major counterparts in the New York session on Tuesday, as stronger-than-expected housing starts and permits for May supported expectations for a rate hike by the Federal Reserve in July.
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U.S. Housing Starts Unexpectedly Skyrocket To 13-Month High In May
A report released by the Commerce Department on Tuesday showed new residential construction in the U.S. unexpectedly skyrocketed in the month of May. The Commerce Department said housing starts soared by 21.7 percent to an annual rate of 1.631 million in May after tumbling by 2.9 percent to a revised rate of 1.340 million in April.
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