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Japanese Market Significantly Higher
The Japanese stock market is trading significantly higher on Monday, snapping a six-session losing streak. The benchmark S&P/ASX 200 is moving a tad above the 39,000 mark, following the broadly positive cues from Wall Street on Friday, with gains across most sectors led by index heavyweights, exporters and technology stocks.
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Higher Open Anticipated For Hong Kong Stock Market
The Hong Kong stock market has moved lower in two straight sessions, shedding more than 140 points or 0.7 percent along the way. The Hang Seng Index now rests just above the 19,720-point plateau although it's got a firm lead for Monday's trade.
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Australian Market Notably Higher
The Australian stock market is currently trading notably higher on Monday, snapping a three-session losing streak, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,100.00 level, with gains across most sectors led by technology and financial stocks.
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China Shares May Open To The Upside On Monday
The China stock market has ticked lower in back-to-back sessions, slipping almost 15 points or 0.4 percent along the way. The Shanghai Composite Index now rests just beneath the 3,370-point plateau although it may inch higher on Monday.
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Taiwan Bourse May Halt Losing Streak
The Taiwan stock market has moved lower in back-to-back sessions, tumbling more than 650 points or 2.8 percent along the way. The Taiwan Stock Exchange now rests just above the 22,510-point plateau although it may stop the bleeding on Monday.
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Singapore Stock Market May Find Support On Monday
The Singapore stock market has moved lower in four straight sessions, falling almost 100 points or 2.8 percent along the way. The Straits Times Index now sits just beneath the 3,720-point plateau although it may find traction on Monday.
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Malaysia Shares May Bounce Higher Again On Monday
The Malaysia stock market on Friday ended the two-day winning streak in which it had picked up more than 3 points or 0.2 percent. The Kuala Lumpur Composite Index now sits just above the 1,590-point plateau although it's expected to bounce higher again on Monday.
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Japan Stock Market Expected To Halt Its Slide On Monday
The Japanese stock market has finished lower in six straight sessions, declining more than 1,160 points or 3 percent in that span. The Nikkei 225 now rests just above the 38,700-point plateau although it's overdue for support on Monday.
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Bargain Hunting May Boost South Korea Shares
The South Korea stock market has finished lower in two straight sessions, sinking more than 80 points or 3.2 percent along the way. The KOSPI now rests just above the 2,400-point plateau although it's due for support on Monday.
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Singapore Inflation Data Due On Monday
Singapore will on Monday release November numbers for consumer prices, highlighting a light day for Asia-Pacific economic activity. In October, overall inflation was down 0.3 percent on month and up 1.4 percent on year, while core CPI rose an annual 2.1 percent.
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TSX Snaps 6-day Losing Streak, Ends 0.76% Up
The Canadian market closed on a bright note on Friday, snapping a 6-day losing streak, after data from U.S. Commerce Department showing a slower than expected pace of acceleration by the PCE price index raised hopes for more interest rate cuts by the Federal Reserve next year.
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Dollar Slips Against Major Counterparts After PCE Data
The U.S. dollar shed ground against its major counterparts on Friday after soft personal consumption expenditures (PCE) data raised hopes of more interest rate cuts by the Federal Reserve next year.
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Canadian Stocks Up Firmly After Long Losing Streak, Set To End On Bright Note
Canadian stocks are firmly up in positive territory on Friday, rebounding strongly with investors indulging in some hectic bargain hunting after six straight days of losses.
The market's rise is also due to the positive reaction to the Federal Reserve's preferred readings on consumer price inflation.
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