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Thai Stock Market May Extend Tuesday's Losses
The Thai stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had picked up just 3 points or 0.2 percent. The Stock Exchange of Thailand now sits just above the 1,380-point plateau and it may take further damage on Wednesday.
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Australian Market Notably Lower
The Australian stock market is trading notably lower on Wednesday, adding to the losses in the previous session, with the benchmark S&P/ASX 200 falling to near the 7,600 level, following the broadly negative cues from Wall Street overnight, dragged by strong losses in mining stocks amid weaker metal prices.
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Soft Start Seen For Indonesia Stock Market
The Indonesia stock market rebounded on Tuesday, one session after halting the two-day winning streak in which it had risen more than 125 points or 1.7 percent. The Jakarta Composite Index now sits just above the 7,350-point plateau although it's likely to turn lower again on Wednesday.
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Renewed Consolidation Called For Hong Kong Stock Market
The Hong Kong stock market bounced higher again on Tuesday, one day after ending the three-day winning streak in which it had jumped almost 600 points or 3.8 percent. The Hang Seng Index now sits just shy of the 16,250-point plateau although it's likely to head south again on Wednesday.
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China Investors May Lock In Gains On Wednesday
The China stock market has moved higher in five straight sessions, accelerating more than 220 points or 8 percent along the way. The Shanghai Composite Index now rests just above the 2,920-point plateau although it's overdue for profit taking on Wednesday.
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Australia Wage Price Index Climbs 0.9% In Q4
Australia's wage price index was up a seasonally adjusted 0.9 percent on quarter in the fourth quarter of 2023, the Australian Bureau of Statistics said on Wednesday.
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New Zealand Producer Price Inputs Rise 0.9% On Quarter In Q4
Producer price inputs in New Zealand were up 0.9 percent on quarter in the fourth quarter of 2023, Statistics New Zealand said on Wednesday.
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Taiwan Stock Market Tipped To Open In The Red
The Taiwan stock market has moved higher in two straight sessions, advancing almost 150 points or 0.8 percent in that span. The Taiwan Stock Exchange now sits just above the 18,750-point plateau although it's likely to run out of steam on Wednesday.
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Japan Has Y1,758.3 Billion Trade Shortfall
Japan posted a merchandise trade deficit of 1,758.3 billion yen in January, the Ministry of Finance said on Wednesday.
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Rally May Stall For Singapore Stock Market
The Singapore stock market has climbed higher in four straight sessions, rallying almost 110 points or 3.2 percent along the way. The Straits Times Index now sits just shy of the 3,245-point plateau although it's likely to see consolidation on Wednesday.
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Malaysia Shares Due For Profit Taking
The Malaysia stock market has moved higher in back-to-back sessions, advancing more than 20 points or 1.3 percent along the way. Ther Kuala Lumpur Composite Index now sits just above the 1,555-point plateau although investors may lock in gains on Wednesday.
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South Korea Bourse Expected To Open Under Pressure
The South Korea stock market on Tuesday ended the two-day winning streak in which it had advanced almost 70 points or 2.7 percent. The KOSPI now rests just shy of the 2,660-point plateau and it may take further damage on Wednesday.
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South Korea Producer Prices Sink 0.5% In January
Producer prices in South Korea were down a seasonally adjusted 0.5 percent on month in January, the Bank of Korea on Wednesday.
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