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Australian Market Notably Higher
Adding to the gains in the previous session, the Australian stock market is notably higher on Friday, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 7,600 level, with gains across most sectors led by technology stocks partially offset by weakness in gold mining stocks.
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Overbought Hang Seng Has Positive Lead Again
The Hong Kong stock market has moved higher in eight straight sessions, gathering more than 2,000 points or 11.8 percent along the way. The Hang Seng Index now sits just above the 18,200-point plateau and it's nonetheless tipped to open higher again on Friday.
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Taiwan Bourse Due For Support On Friday
The Taiwan stock market has moved lower in back-to-back sessions, stumbling almost 275 points or 1.4 percent along the way. The Taiwan Stock Exchange now sits just above the 20,220-point plateau although it may stop the bleeding on Friday.
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Win Streak May Continue For Singapore Shares
The Singapore stock market has moved higher in three straight sessions, collecting more than 15 points or 0.5 percent along the way. The Straits Times Index now rests just beneath the 3,300-point plateau and it may extend its gains on Friday.
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Malaysia Stock Market May Test Resistance At 1,600 Points
The Malaysia stock market bounced higher again on Thursday, one session after ending the two-day winning streak in which it had advanced almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau and it may add to its winnings on Friday.
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Australia Services PMI Slips To 53.6 In April - Judo Bank
The services sector in Australia continued to expand in April, albeit at a slower rate, the latest survey from Judo Bank revealed on Friday with a services PMI score of 53.6.
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South Korea Shares May Bounce Higher Again On Friday
The South Korea stock market on Thursday ended the three-day winning streak in which it had climbed almost 65 points or 2.5 percent. The KOSPI now sits just above the 2,680-point plateau and it's tipped to open in the green on Friday.
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more news
Australia Home Loan Data Due On Friday
Australia will on Friday release March figures for home loans, highlighting a light day for Asia-Pacific economic activity. In February, loans were up 1.6 percent on month and investment lending added 1.2 percent.
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TSX Ends Moderately Higher
After a slightly positive start and a subsequent drop, the Canadian market recovered and edged higher to eventually settle on a firm note on Thursday, as comments from Bank of India Governor Tiff Macklem that the central bank is getting closer to start reducing interest rates aided sentiment.
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Swiss Market Ends Weak After Hot Inflation Data
After staying a bit positive till around mid morning, Swiss stocks struggled for direction till a couple of hours past noon, and then drifted lower to end on a weak note on Thursday. Hotter than expected inflation data, and a report showing a drop in retail sales weighed on sentiment.
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Euro Weakens Against Some Majors
The euro dropped against some of major counterparts in the New York session on Thursday.
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Major European Markets Close Lower On Rate Uncertainty, Growth Concerns
The major European markets closed lower on Thursday as investors reacted to corporate earnings updates, and the Federal Reserve's monetary policy announcement that indicated interest rate in the U.S. will remain higher for a longer period.
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Canadian Dollar Rises Against U.S. Dollar, Euro
The Canadian dollar moved up against the U.S. dollar and the euro in the New York session on Thursday.
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