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Oversold Taiwan Stock Market Due For Positive Bounce
The Taiwan stock market turned lower again on Wednesday, one session after ending the five-day losing streak in which it had plummeted more than 1,300 points or 8.5 percent. The Taiwan Stock Exchange now rests just beneath the 14,000-point plateau although it may find support on Thursday.
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Singapore Stock Market Tipped To Snap Losing Streak
The Singapore stock market has moved lower in back-to-back trading days, slipping almost 20 points or 0.6 percent along the way. The Straits Times Index now rests just above the 3,100-point plateau although it's expected to find traction on Thursday.
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Malaysia Stock Market Predicted To Remain Rangebound
The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had fallen more than 10 points or 0.7 percent. The Kuala Lumpur Composite Index now rests just above the 1,420-point plateau although it's likely to rebound again on Thursday.
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South Korea Posts $3.86 Billion Current Account Surplus In May
South Korea had a current account surplus of $3.86 billion in May, the Bank of Korea said on Thursday - following the $0.08 billion shortfall in April.
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South Korea Has $3.86 Billion Current Account Surplus In May
South Korea posted a current account surplus of $3.86 billion in May, the Bank of Korea said on Thursday - following the $0.08 billion shortfall in April.
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Rebound Called For South Korea Stock Market
The South Korea stock market turned emphatically lower again on Wednesday, one day after ending the four-day losing streak in which it had tumbled more than 120 points or 4.8 percent. The KOSPI now rests just above the 2,290-point plateau although it's predicted to bounce higher again on Thursday.
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Australia Trade Data Due On Thursday
Australia will on Thursday release May figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. The trade balance is expected to show a surplus of A$10.725 billion, up from A$10.495 billion in April - when imports dipped 0.7 percent on month and exports rose 1.0 percent.
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more news
TSX Ends Weak For 2nd Straight Day
Despite coming off the day's lows, the Canadian market ended on a weak note on Wednesday due to sharp losses in energy and consumer sections.
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Dollar Stays Firm Against Major Counterparts
The U.S. dollar extended is gains against its most major counterparts as rising worries about global economic slowdown and strong services sector data boosted the demand for the safe-have currency on Wednesday.
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Major U.S. Averages Close Higher As Fed Minutes Trigger Some Late Buying
U.S. stocks settled modestly higher on Wednesday, gaining in strength in late afternoon trades after the minutes from the Federal Reserve's latest monetary policy meeting showed the central bank was committed to bringing down inflation.
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Canadian Shares Languishing In Negative Territory On Grown Concerns
The Canadian market, which fell after opening slightly up Wednesday morning, continues to languish in negative territory in afternoon trades with stocks from several sectors reeling under sustained selling pressure.
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Stocks Turning In Mixed Performance Ahead Of Fed Minutes
U.S. stocks are swinging between gains and losses on Wednesday with investors looking for direction and making largely cautious moves.
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Swiss Market Ends Sharply Higher As Stocks Rally On Bargain Hunting
The Switzerland stock market ended on a buoyant note on Wednesday, tracking positive cues from the major markets across Europe.
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