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Steady Start Seen For Thai Stock Market
The Thai stock market on Monday ended the two-day winning streak in which it had jumped almost 40 points or 2.9 percent. The Stock Exchange of Thailand now rests just beneath the 1,420-point plateau and it may tick lower again on Tuesday.
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Indonesia Stock Market Has Flat Lead For Tuesday's Trade
The Indonesia stock market has moved higher in three straight sessions, gathering almost 140 points or 2.1 percent along the way. The Jakarta Composite Index now sits just beneath the 6,880-point plateau and it's likely to be rangebound on Tuesday.
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Hong Kong Shares May Open Under Mild Pressure On Tuesday
The Hong Kong stock market has moved higher in three straight sessions, accelerating more than 950 points or 5.5 percent along the way. The Hang Seng Index now rests just above the 17,960-point plateau although it may spin its wheels on Tuesday.
The global forecast for the Asian markets is mixed and fairly flat, with many of the regional bourses due for profit taking after big recent gains. The European markets were slightly lower and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
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Japan Household Spending Climbs 0.3% In September
The average of household spending in Japan was up 0.3 percent on month in September, the Ministry of Internal Affairs and Communications said on Tuesday - coming in at 282,969 yen.
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China Stock Market Likely Rangebound On Tuesday
The China stock market has moved higher in back-to-back sessions, improving almost 50 points or 1.7 percent along the way. The Shanghai Composite Index now rests just beneath the 3,060-point plateau and it's expected to see little movement on Tuesday.
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Taiwan Stock Market Due For Consolidation On Tuesday
The Taiwan stock market has moved higher in four straight sessions, accelerating almost 650 points or 4.3 percent along the way. The Taiwan Stock Exchange now sits just beneath the 16,650-point plateau although it's likely to see some profit taking on Tuesday.
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Singapore Shares Due For Profit Taking On Tuesday
The Singapore stock market has moved higher in six straight sessions, collecting more than 115 points or 4 percent along the way. The Straits Times Index now sits just above the 3,180-point plateau although it may run out of steam on Tuesday.
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Little Movement Expected For Malaysia Bourse
The Malaysia stock market has moved higher in three straight sessions, collecting almost 30 points or 2 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,465-point plateau although the rally may stall on Tuesday.
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Rally May Stall For South Korea Stock Market
The South Korea stock market has moved higher in four straight sessions, gathering more than 230 points or 9.4 percent along the way. The KOSPI now sits just above the 2,500-point plateau although investors figure to cash in on Tuesday.
The global forecast for the Asian markets is mixed and fairly flat, with many of the regional bourses due for profit taking after big recent gains. The European markets were slightly lower and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
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Australia Rate Decision On Tap For Tuesday
The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The RBA is expected to hike its benchmark lending rate by 25 basis points, to 4,35 percent from 4.10 percent.
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Dollar Gains Against Major Counterparts
The U.S. dollar, which saw some weak spells last week, and dropped to a near 8-week low Monday morning, recovered some lost ground as the session progressed with traders looking ahead to speeches from Fed officials including Chair Jerome Powell.
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TSX Ends 81 Pts Down; Materials, Energy Stocks Among Notable Losers
After opening higher Monday morning, the Canadian market fell into the red, and despite briefly emerging above the flat line around noon, faltered again and eventually ended the day's session on a weak note.
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Canadian Stocks Turning In Mixed Performance
Canadian stocks are turning in a mixed performance Monday afternoon with investors looking for directional clues and largely making cautious moves.
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