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Sensex, Nifty Little Changed; Metal And IT Stocks Drag
Indian shares were little changed in early trade on Thursday despite weak global cues after Fed chair Jerome Powell's comments at the press conference post Fed meeting turned out to be more hawkish than expected.
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Asian Markets Tracks Global Markets Lower
Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from global markets overnight, as traders remain concerned about the outlook for interest rates and reacted to the US Federal Reserve's monetary policy announcement and subsequent comments by Fed Chair Jerome Powell. Asian Markets closed mixed on Wednesday.
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Sensex, Nifty Seen Drifting Lower On Powell's Hawkish Comments
Indian shares look set to open sharply lower on Thursday, mirroring weak global cues after Fed Chair Jerome Powell talked tough on inflation and poured cold water on any hope of a December Fed pivot.
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Thai Stock Market Tipped To Extend Wednesday's Losses
The Thai stock market on Wednesday wrote a finish to the four-day winning streak in which it had climbed almost 30 points or 1.9 percent. The Stock Exchange of Thailand now rests just above the 1,625-point plateau and the losses may accelerate on Thursday.
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Indonesia Bourse May Give Up Support At 7,000 Points
The Indonesia stock market has finished lower in two straight sessions, slumping almost 85 points or 1.2 percent along the way. The Jakarta Composite Index now rests just above the 7,015-point plateau and it may take further damage again on Thursday.
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Australian Market Sharply Lower
The Australian stock market is sharply lower on Thursday, giving up the gains in the previous three sessions, with the benchmark S&P/ASX 200 falling below the 6,900 level, following the broadly negative cues from global markets overnight, with losses across all sectors, led by technology stocks, on concerns about the outlook for interest rates following the US Fed's rate decision.
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Profit Taking Expected For Hong Kong Stock Market
The Hong Kong stock market has climbed higher in back-to-back sessions, surging more than 1,140 points or 8 percent in that span. The Hang Seng Index now sits just above the 15,825-point plateau although it's predicted to open under pressure on Thursday.
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China Stock Market May Spin Its Wheels On Thursday
The China stock market has tracked higher in two straight sessions, advancing almost 110 points or 3.7 percent along the way. The Shanghai Composite Index now sits just above the 3,000-point plateau although it's expected to turn lower again on Thursday.
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Australia Has A$12.444 Billion Trade Surplus As Exports Surge
Australia posted a seasonally adjusted merchandise trade surplus of A$12.444 billion in September, the Australian Bureau of Statistics said on Thursday.
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Hong Kong Private Sector PMI Improves To 49.3 In October - S&P Global
The private sector in Hong Kong continued to contract, albeit at a slower pace, the latest survey from S&P Global showed on Thursday with a PMI score of 49.3.
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Singapore Private Sector Accelerates In October - S&P Global
The private sector in Singapore continued to expand in October, and at a faster pace, the latest survey from S&P Global revealed on Thursday with a PMI score of 57.7.
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Soft Start Seen For Taiwan Stock Market
The Taiwan stock market has tracked higher in three straight sessions, collecting more than 310 points or 2.4 percent along the way. The Taiwan Stock Exchange now rests just above the 13,100-point plateau although the rally may stall on Thursday.
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Win Streak Expected To End For Singapore Shares
The Singapore stock market has climbed higher in seven straight sessions, collecting more than 170 points or 5.7 percent along the way. The Straits Times Index now rests just above the 3,140-point plateau although it's overdue for consolidation on Thursday.
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