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Elon Musk Asks Twitter Users Whether He Should Step Down As Social Media Site Head
Elon Musk tweeted a poll on Sunday asking users whether he should step down as the head of Twitter. The poll comes after Twitter banned users from linking to some competing platforms. Musk said he will abide by the results of the poll.
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Soft Start Anticipated For Indonesia Stock Market
The Indonesia stock market on Friday ended the two-day slide in which it had slumped almost 60 points or 0.8 percent. The Jakarta Composite Index now rests just above the 6,910-point plateau although it's likely to open in the red again on Monday.
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Hong Kong Shares Predicted To Open Under Pressure
The Hong Kong stock market bounced higher again on Friday, one session after halting the two-day winning streak in which it had gathered almost 210 points or 1.1 percent. The Hang Seng Index now sits just above the 19,450-point plateau although it's likely to see renewed selling pressure on Monday.
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Australian Market Modestly Lower
The Australian stock market is modestly lower on Monday, extending the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying above the 7,100 level, following the broadly negative cues from global markets on Friday, with the losses in technology and financial stocks, partially offset by gains in gold miners and materials stocks.
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China Stock Market May Take Further Damage On Monday
The China stock market has moved lower in two straight sessions, falling almost 9 points or 0.4 percent along the way. The Shanghai Composite Index now rests just beneath the 3,170-point plateau and it's expected to see continued consolidation on Monday.
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Taiwan Stock Market Tipped To Open In The Red
The Taiwan stock market has moved lower in two straight sessions, dropping more than 210 points or 1.5 percent along the way. The Taiwan Stock Exchange now rests just beneath the 14,530-point plateau and it's expected to open under pressure again on Monday.
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Losing Streak May Continue For Singapore Stock Market
The Singapore stock market has moved lower in back-to-back sessions, sliding almost 40 points or 1.2 percent along the way. The Straits Times Index now rests just above the 3,240-point plateau and it may extend its losses on Monday.
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Malaysia Stock Market May Head South Again On Monday
The Malaysia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had stumbled almost 7 points or 0.5 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,480-point plateau although it's likely to head south again on Monday.
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More Pain Predicted For South Korea Stock Market
The South Korea stock market has moved lower in consecutive trading days, sinking almost 40 points or 1.8 percent along the way. The KOSPI now rests just above the 2,360-point plateau and the losses may accelerate on Monday.
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China FDI Data On Tap For Monday
China will on Monday release November numbers for foreign direct investment, highlighting a light day for Asia-Pacific economic activity. In October, FDI was up 14.4 percent on year.
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New Zealand Services Sector Slows In November - BusinessNZ
The services sector in New Zealand continued to expand in November, albeit at a lower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 53.7.
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Dollar Continues To Stay Firm
The U.S. dollar firmed against most of its major counterparts on Friday after staying a bit sluggish for much of the day's session.
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TSX Ends Weak For 3rd Straight Day, Sheds 2.5% In Week
The Canadian market ended weak on Friday, extending recent losses, as concerns about rising interest rates and fears of a global economic recession continued to weigh on sentiment.
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