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Profit Taking Predicted For China Stock Market
The China stock market has climbed higher in four straight sessions, collecting almost 90 points or 3 percent along the way. The Shanghai Composite Index now rests just beneath the 3,050-point plateau although investors are likely to cash in on Wednesday.
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Australia Retail Sales Add 1.1% In January
The total value of retail sales in Australia was up a seasonally adjusted 1.1 percent on month in January, the Australian Bureau of Statistics said on Wednesday - coming in at A$35.723billion.
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Australia GDP Improves 0.2% On Quarter In Q4
Australia's gross domestic product expanded a seasonally adjusted 0.2% on quarter in the fourth quarter of 2024, the Australian Bureau of Statistics said on Wednesday.
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Rally May Stall For Taiwan Stock Market
The Taiwan stock market has finished higher in back-to-back sessions, advancing more than 450 points or 2.2 percent in that span. The Taiwan Stock Exchange now sits just above the 19,380-point plateau although it may see profit taking on Wednesday.
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Singapore Stock Market Poised To Extend Losing Streak
The Singapore stock market has moved lower in three straight sessions, slipping almost 35 points or 1.1 percent along the way. The Straits Times Index now sits just beneath the 3,110-point plateau and it's looking at another soft start again on Wednesday.
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Malaysia Shares Tipped To Open In The Red
The Malaysia stock market has alternated between positive and negative finishes through the last eight trading days since the end of the two-day slide in which it had slipped more than 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just above the 1,535-point plateau and the losses may accelerate on Wednesday.
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South Korea Inflation Climbs 3.1% On Year In February
Consumer prices in South Korea were up 3.1 percent on year in February, Statistics Korea said on Wednesday.
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South Korea Bourse May Extend Tuesday's Losses
The South Korea stock market has alternated between positive and negative finishes through the last four three trading days since the end of the two-day slide in which it had stumbled more than 40 points or 1.7 percent. The KOSPI now rests just beneath the 2,650-point plateau and it may open under pressure again on Wednesday.
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Australia GDP Data Due On Wednesday
Australia will on Wednesday release Q4 figures for gross domestic product, highlighting a light day for Asia-Pacific economic activity.
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Dollar Loses Ground On Weak Economic Data
The U.S. dollar struggled to find support on Tuesday as weaker than expected economic data, including a reading on the nation's services sector activity, raised the possibility of a rate cut in June.
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TSX Ends Slightly Down; Technology Stocks Lose Ground
The Canadian market ended flat on Tuesday after stocks turned in a mixed performance as investors awaited the Canadian central bank's monetary policy announcement.
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Swiss Market Ends Slightly Lower
The Switzerland market ended marginally down on Tuesday after a choppy session as investors refrained from making significant moves ahead of crucial economic events in the U.S. and Europe.
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European Stocks Close Lower Ahead Of Key Economic Events
European stocks closed lower on Tuesday as concerns about the outlook for global economic growth amid disappointment from the lack of fresh stimulus from China and uncertainty about the timeline for interest rate cuts rendered the mood cautious.
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