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Thai Stock Market May See Continued Consolidation
The Thai stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had risen just a single point. The Stock Exchange of Thailand now rests just beneath the 1,620-point plateau and it's predicted to open under pressure again on Thursday.
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Japanese Market Sharply Lower
The Japanese stock market is sharply lower in choppy trading on Thursday, extending the losses in the previous session, with the Nikkei 225 just a tad above the 27,400 level, following the broadly negative cues from global markets overnight, with exporters, technology and financial stocks leading the declines.
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Indonesia Stock Market May Reverse Wednesday's Gains
The Indonesia stock market bounced higher again on Wednesday, one day after snapping 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 above the 7,070-point plateau, although it's expected to see renewed selling pressure on Thursday.
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Australian Market Modestly Lower
The Australian stock market is modestly lower on Thursday, snapping a four-session winning streak, with the benchmark S&P/ASX 200 falling below the 7,000 mark, following the broadly negative cues from global markets overnight, with the decline led by technology, resources and energy stocks amid the drop in commodity prices.
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Hong Kong Stock Market May Take Further Damage On Thursday
The Hong Kong stock market has finished lower in back-to-back sessions, slumping more than 230 points or 1.4 percent along the way. The Hang Seng Index now rests just beneath the 16,360-point plateau and it may extend its losses on Thursday.
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China Stock Market May Extend Losing Streak
The China stock market has tracked lower in two straight sessions, slumping almost 30 points or 1 percent along the way. The Shanghai Composite Index now sits just beneath the 3,050-point plateau and it may take further damage on Thursday.
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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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