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No Relief Yet For China Stock Market
The China stock market has moved lower in three straight sessions, sliding more than 100 points or 3.4 percent along the way. The Shanghai Composite Index now rests just above the 2,980-point plateau and it's expected to extend its losses again on Monday.
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Losses May Accelerate For Taiwan Stock Market
The Taiwan stock market headed south again on Friday, one session after snapping the four-day losing streak in which it had stumbled more than 385 points or 2.4 percent. The Taiwan Stock Exchange now sits just above the 16,440-point plateau and it's expected to open in the red again on Monday.
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Singapore Shares Expected To Open In The Red
The Singapore stock market has tracked lower in three straight sessions, stumbling more than 90 points or 3 percent along the way. The Straits Times Index now sits just above the 3,075-point plateau and it's expected to open under pressure again on Monday.
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Malaysia Shares May Take Further Damage On Monday
The Malaysia stock market has moved lower in back-to-back sessions, slipping more than 5 points or 0.3 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,440-point plateau and the losses may accelerate on Monday.
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Continued Consolidation Called For KOSPI
The South Korea stock market has finished lower in two straight sessions, stumbling more than 85 points or 3.5 percent in that span. The KOSPI now sits just above the 2,375-point plateau and it may take further damage on Monday.
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Singapore Inflation Data Due On Monday
Singapore will on Monday release September figures for consumer prices, highlighting a light day for Asia-Pacific economic activity.
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U.S. Dollar Gives Back Ground After Hitting 150 Yen
After seeing some strength overnight, the value of the U.S. dollar has moved modestly lower over the course of trading on Friday. The greenback reached as high as 150 yen but has pulled back to 149.84 amid concerns about intervention by Japanese monetary officials.
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Swiss Market Ends Weak For 7th Straight Day
Swiss stocks tumbled on Friday, tracking weakness in global markets amid concerns over higher borrowing costs, an escalation in tensions in the Middle East, and rising bond yields.
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European Stocks Close Sharply Lower
European stocks fell sharply on Friday with investors rushing for safe-haven assets as rising Treasury yields, higher interest rates and escalating tensions in the Middle East hurt risk sentiment.
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MetroCity Bankshares Q3 Profit Declines
MetroCity Bankshares, Inc. (MCBS), holding company for Metro City Bank, reported Friday that net income for the third quarter declined to $11.43 million or $0.45 per share from $16.89 million or $0.66 per share in the prior-year quarter.
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GMS Board Approves $250 Mln Share Repurchase Program
GMS Inc. (GMS), a specialty distributor of interior building products, announced Friday that its Board of Directors have approved a share repurchase program under which it is authorized to repurchase up to $250 million of its outstanding common stock.
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Virginia National Bankshares Q3 Profit Declines
Virginia National Bankshares Corp. (VABK) reported Friday that net income for the third quarter declined to $4.7 million or $0.86 per share from $5.8 million or $1.08 per share in the prior-year quarter.
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CVS To Remove Some Cold, Cough Medicines With Phenylephrine
CVS Health is removing certain over-the-counter or OTC cold and cough products with phenylephrine as the only active ingredient from its Pharmacy stores, reports said. The decision follows the U.S. Food and Drug Administration Advisory Committee's position on oral phenylephrine or PE.
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