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Hong Kong Shares Due For Support On Monday
The Hong Kong stock market has moved lower in consecutive trading days, slumping more than 500 points or 2.5 percent along the way. The Hang Seng Index now rests just above the 19,450-point plateau and it's tipped to open in the green on Monday.
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China Stock Market May See Additional Support
The China stock market on Friday snapped the three-day slide in which it had dropped almost 60 points or 1.9 percent. The Shanghai Composite Index new sits just above the 3,185-point plateau and it may add to its winnings on Monday.
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Higher Open Anticipated For Taiwan Stock Market
The Taiwan stock market has finished lower in consecutive trading days, slumping more than 420 points or 2.9 percent along the way. The Taiwan Stock Exchange now rests just above the 14,670-point plateau although it's due for support on Monday.
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Singapore Bourse: Support Expected At 3,200 Points
The Singapore stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had picked up more than 15 points or 0.5 percent. The Straits Times Index now rests just above the 3,200-point plateau and it's expected to move higher again on Monday.
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Malaysia Shares May Find Traction On Monday
The Malaysia stock market has finished lower in two straight sessions, sinking more than 20 points or 1.3 percent along the way. The Kuala Lumpur Composite Index new rests just above the 1,490-point plateau although it may stop the bleeding on Monday.
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South Korea Stock Market May Halt Slide On Monday
The South Korea stock market has tracked lower in back-to-back sessions, slipping more than 60 points or 2.5 percent along the way. The KOSPI now rests just beneath the 2,410-point plateau although it may find support on Monday.
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Australia Retail Sales Data Due On Monday
Australia will on Monday release July data for retail sales, highlighting a busy day for Asia-Pacific economic activity. Sales are predicted to rise 1.3 percent on month, accelerating from 0.2 percent in June.
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Pilot In Custody After Threatening To Crash Plane Into Walmart Store In Mississippi
A pilot, who threatened to crash a plane into a Walmart store in Mississippi's Tupelo in U.S., landed safely after it ran out of fuel. It remains unclear what was behind the pilot's motive, but he has been taken into custody by authorities.
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TSX Snaps 4-day Losing Streak, Ends On Firm Note
The Canadian market ended on a firm note on Friday despite giving up a substantial portion of its gains.
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Dollar Turns Weak After Jobs Data
The U.S. dollar turned weak on Friday amid easing worries about an aggressive rate hike by the Fed later this month after data showed a moderation in the pace of U.S. job growth and an uptick in unemployment rate in August.
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Swiss Market Ends On Upbeat Note
The Switzerland stock market closed on an upbeat note on Friday, in line with markets across the globe amid slightly easing concerns about monetary tightening after data showed an increase in U.S. unemployment rate.
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European Stocks Close On Bright Note Amid Easing Worries About Rate Hikes
European stocks closed on a strong note, snapping a long losing streak, after data showing an uptick in U.S. unemployment rate helped ease concerns about aggressive monetary tightening by the Federal Reserve.
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Dollar Drops As U.S. Job Growth Moderates
The U.S. dollar fell against its major counterparts in the European session on Friday, as a moderation in the pace of U.S. job growth and a spike in the unemployment rate in August helped ease inflation worries and trimmed expectations of a 75 basis point hike from the Federal Reserve at its meeting later this month.
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