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Indonesia Stock Market Tipped To Reclaim 6,700-Point Level
The Indonesia stock market has tracked lower in back-to-back sessions, sinking almost 60 points or 0.8 percent along the way. The Jakarta Composite Index now rests just above the 6,685-point plateau although it's expected to stop the bleeding on Monday.
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Australian Market Significantly Higher
The Australian stock market is significantly higher on Monday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 7,200 level, following the broadly positive cues from global markets on Friday, with gains across all sectors as traders react to the news of an "agreement in principle" reached on the US debt ceiling over the weekend.
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Hong Kong Bourse Expected To Find Traction On Monday
Ahead of Friday's holiday for Vesak Day, the Hong Kong stock market had moved lower in three straight sessions, plummeting more than 930 points or 4.8 percent along the way. The Hang Seng Index now sits just beneath the 18,750-point plateau although it's due for support on Monday.
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Higher Open Called For China Stock Market
The China stock market on Friday wrote a finish to the three-day slide in which it had tumbled almost 95 points or 3 percent. The Shanghai Composite Index now sits just above the 3,210-point plateau and it's expected to open in the green again on Monday.
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Taiwan Bourse Poised To Add To Its Winnings On Monday
The Taiwan stock market has moved higher in consecutive trading days, gathering almost 350 point or 2.1 percent along the way. The Taiwan Stock Exchange now rests just beneath the 16,500-point plateau and it looking at another green light for Monday's trade.
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Singapore Stock Market Tipped To End Losing Streak
The Singapore stock market has moved lower in three straight sessions, sinking more than 10 points or 0.3 percent along the way. The Straits Times Index now sits just beneath the 3,210-point plateau although it's looking at a strong lead for Monday's trade.
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Malaysia Stock Market May Extend Friday's Gains
The Malaysia stock market picked up less than a single point on Friday. But that was enough to end the four-day losing streak in which it had dropped more than 25 points or 1.8 percent. The Kuala Lumpur Composite Index now rests just above the 1,400-point plateau and it's likely to accelerate on Monday.
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South Korea Shares Tipped To Open In The Green
The South Korea stock market on Friday snapped the two-day slide in which it had fallen almost 15 points or 0.6 percent. The KOSPI now rests just beneath the 2,560-point plateau and it's poised to add to its winnings on Monday.
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Hong Kong Trade Data Due On Monday
Hong Kong will on Monday release April figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.
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TSX Ends On Firm Note As Technology, Financials Shares Rise
The Canadian market ended on a firm note on Friday, aided by strong gains in technology, consumer discretionary and financials sectors.
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Swiss Market Ends On Firm Note On Positive Global Cues
The Switzerland stock market briefly slipped into negative territory a little before noon on Friday, but recovered and gained in strength as the session progressed to eventually close on a bright note.
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European Stocks Close Higher Amid Signs Of Progress In U.S. Debt Ceiling Talks
European stocks shrugged off a late morning setback and closed on a strong note on Friday as firm commodity prices and signs of progress in U.S. debt ceiling talks lifted sentiment and prompted investors to indulge in some significant buying.
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U.S. Dollar Rebounds As Core PCE Inflation Picks Up
The U.S. dollar rebounded against its major counterparts in the New York session on Friday, as stronger-than-expected core personal consumption expenditure price index for April strengthened expectations for another interest rate hike from the Federal Reserve.
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