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Thai Stock Market Tipped To Halt Losing Streak
The Thai stock market has finished lower in two straight sessions, slumping more than a dozen points or 0.7 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,620-point plateau although it's due for support on Friday.
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Sensex, Nifty Set To Join Global Rally As Fed Worries Ease
Indian shares may follow global peers higher today and the rupee is tipped to strengthen, as cooler-than-expected U.S. inflation data suggested that the Federal Reserve's efforts to contain inflation are having an effect.
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Strong Open Predicted For Indonesia Stock Market
The Indonesia stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had advanced more than 85 points or 1.2 percent. The Jakarta Composite Index now sits just beneath the 6,970-point plateau, although it's expected to bounce firmly higher again on Friday.
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Hong Kong Stock Market Due For Support On Friday
The Hong Kong stock market has finished lower in three straight sessions, slumping more than 500 points or 3.1 percent along the way. The Hang Seng Index now rests just above the 16,080-point plateau although it's expected to rebound on Friday.
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Australian Market Sharply Higher
The Australian stock market is sharply higher on Friday, recouping losses in the previous session, with the benchmark S&P/ASX 200 at five-month highs to move above the 7,100 level, following the positive cues from global markets overnight, with strong gains across all sectors, led by technology stocks, as softer-than-expected US inflation data raised hopes for a slower pace of interest rate hikes.
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China Bourse Predicted To End Losing Streak
The China stock market has finished lower in three straight sessions, slumping more than 40 points or 1.4 percent along the way. The Shanghai Composite Index now sits just above the 3,035-point plateau although it's due for support on Friday.
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Renewed Support Expected For Taiwan Stock Market
The Taiwan stock market on Thursday halted the four-day winning streak in which it had spiked more than 650 points or 5.2 percent. The Taiwan Stock Exchange now rests just above the 13,500-point plateau although it's expected to break significantly higher again on Friday.
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more news
Japan Producer Prices Rise 0.6% On Month In October
Producer prices in Japan were up 0.6 percent on month in October, the Bank of Japan said on Friday
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Singapore Bourse May Crack Resistance At 3,200 Points
The Singapore stock market has climbed higher in five straight sessions, improving more than 70 points or 2.4 percent along the way. The Straits Times Index now rests just beneath the 3,175-point plateau and it's expected to extend its winning streak on Friday.
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Malaysia Stock Market May Extend Winning Streak
The Malaysia stock market has ticked higher in two straight sessions, collecting almost 10 points or 0.7 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,450-point plateau and it may add to its winnings on Friday.
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Tech Surge Poised To Propel South Korea Shares
The South Korea stock market on Thursday halted the four-day winning streak in which it had soared almost 100 points or 4 percent. The KOSPI now rests just above the 2,400-point plateau although it's expected to bounce higher again on Friday.
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Canadian Shares Rally On Soft U.S. Inflation Data; TSX Ends 3.3% Up
The Canadian market ended on an upbeat note on Thursday as stocks rallied sharply as investors went on a buying spree after data showed a smaller than expected increase in U.S. consumer prices, lifting hopes the Fed will start slowing the pace of its policy tightening measures.
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New Zealand Manufacturing Sector Slips Into Contraction - BusinessNZ
The business sector in New Zealand fell into contraction in October, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 49.3.
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