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Australian Market Sharply Higher
The Australian market is sharply higher on Thursday, adding to the gains in the previous session, following the broadly positive cues from global markets overnight. The benchmark S&P/ASX 200 is moving well above the 7,800 level, with gains across most sectors led by gold miners and technology stocks.
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Hong Kong Shares Tipped To Open In The Green
Ahead of Wednesday's holiday for Buddha's birthday, the Hong Kong stock market had ended the three-day winning streak in which hit had rallied almost 800 points or 4.4 percent. The Hang Seng Index now sits just beneath the 19,075-point plateau although it's likely to move back to the upside again on Thursday.
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China Stock Market May Find Traction On Thursday
The China stock market has tracked lower in three straight sessions, slipping almost 35 points or 1.1 percent along the way. The Shanghai Composite Index now sits just beneath the 3,120-point plateau although it may stop the bleeding on Thursday.
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Win Streak May Continue For Taiwan Stock Market
The Taiwan stock market has tracked higher in four straight sessions, advancing almost 600 points or 3 percent along the way. The Taiwan Stock Exchange now sits just beneath the 21,150-point plateau and it's tipped to open in the green again on Thursday.
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Singapore Shares Likely To Reverse Wednesday's Losses
The Singapore stock market on Wednesday ended the four-day winning streak in which it had advanced almost 50 points or 1.5 percent. The Straits Times Index now rests just beneath the 3,290-point plateau although it figures to see renewed support on Thursday.
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Japan GDP Slumps 0.5% In Q1
Japan's gross domestic product contracted a seasonally adjusted 0.5 percent on quarter in the first quarter of 2024, the Cabinet Office said on Thursday.
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Malaysia Shares Expected To Find Renewed Support
The Malaysia stock market on Wednesday snapped the two-day winning streak in which it had picked up more than 5 points or 0.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to rebound on Thursday.
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Higher Open Anticipated For South Korea Stock Market
Ahead of Wednesday's holiday for Buddha's birthday, the South Korea stock market had alternated between positive and negative finishes since the end of the two-day winning streak in which it had jumped almost 70 points or 2.6 percent. The KOSPI now sits just above the 2,730-point plateau and it's tipped to open in the green again on Thursday.
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TSX Snaps 3-day Losing Streak, Ends Modestly Higher
After posting losses in the previous three sessions, the Canadian market turned a bit positive on Wednesday and ended the day's session modestly higher, led by gains in utilities and technology sectors.
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Japan GDP Fata Due On Thursday
Japan will on Thursday release preliminary Q1 numbers for gross domestic product, highlighting a modest day for Asia-Pacific economic activity.
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Dollar Extends Losses After Soft Inflation Data
The U.S. dollar drifted lower on Wednesday, extending recent losses, as soft inflation data eased concerns about the outlook for interest rates.
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Canadian Market Holds Early Gains, Looks Headed For Firm Close
After a positive start and a subsequent retreat, the Canadian market is up again on Wednesday, with st0cks from utilities, real estate and technology sectors gaining ground on strong buying support.
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Swiss Market Ends On Strong Note
The Switzerland market ended on a strong note on Wednesday as stocks kept edging higher and higher after opening marginally up. Data showing a smaller than expected increase in U.S. consumer prices in the month of April helped ease concerns about interest rates, and rendered the mood positive.
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