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Profit Taking Anticipated For Taiwan Shares
The Taiwan stock market has finished higher in four straight sessions, jumping more than 650 points or 5.2 percent along the way. The Taiwan Stock Exchange now rests just beneath the 13,640-point plateau although it's due for consolidation on Thursday.
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Rally May Stall For Singapore Stock Market
The Singapore stock market has finished higher in four straight sessions, improving almost 65 points or 2.1 percent along the way. The Straits Times Index now rests just above the 3,165-point plateau although it may see profit taking on Thursday.
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Malaysia Bourse May Turn Lower Again On Thursday
The Malaysia stock market bounced higher again on Wednesday, one day after snapping the two-day winning streak in which it had gathered more than 20 points or 1.4 percent. The Kuala Lumpur Composite Index now rests just above the 1,445-point plateau although it's predicted to face renewed selling pressure on Thursday.
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Win Streak May End For South Korea Stock Market
The South Korea stock market has moved higher in four straight sessions, advancing almost 100 points or 4 percent along the way. The KOSPI now rests just beneath the 2,425-point plateau although investors are likely to cash in on Thursday.
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China Yuan Loan Data Due On Thursday
China will on Thursday release October data for new yuan loans, highlighting a light day for Asia-Pacific economic activity.
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TSX Ends Sharply Lower
The Canadian market ended sharply lower on Wednesday on widespread selling almost right through the day's session.
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Dollar Climbs Higher Ahead Of Inflation Data
The U.S. dollar firmed against its major counterparts on Wednesday as traders awaited U.S. consumer price inflation data for clues about the outlook for interest rate hikes.
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Swiss Market Recovers After Weak Start, Ends On Firm Note
After swinging between gains and losses till around noon, Swiss stocks climbed higher on Wednesday to end the day's session on a fairly strong note.
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European Stocks Close On Weak Note After Cautious Session
European stocks closed lower on Wednesday, tracking weakness in the U.S. market amid uncertainty about the outcome of the U.S. midterm elections.
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Canadian Market Remains Weak After Early Setback
The Canadian market, which opened notably lower Wednesday morning, continues to languish in the red in late morning trades, with stocks from across several sectors reeling under sustained selling pressure.
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U.S. Wholesale Inventories Increase Less Than Expected In September
Wholesale inventories in the U.S. increased by less than expected in the month of September, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories rose by 0.6 percent in September after surging by an upwardly revised 1.4 percent in August.
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Meta Cuts More Than 11,000 Jobs; Backs Q4 Revenue View
Facebook parent Meta Platforms decided to lay off more than 11,000 employees, representing about 13 percent of its global workforce, CEO Mark Zuckerberg said. The reductions are across both Family of Apps and Reality Labs segments. In a message to Meta employees, Zuckerberg said the company intends to become a leaner and more efficient company by cutting discretionary spending...
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Tredegar Q3 Profit Plunges
Industrial manufacturer Tredegar Corp. (TG) reported Wednesday that net income for the third-quarter plunged to $1.03 million or $0.03 per share from $6.20 million or $0.19 per share in the prior-year quarter.
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