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Higher Open Predicted For Hong Kong Stock Market
The Hong Kong stock market has moved lower in two straight sessions, slumping almost 300 points or 1.9 percent in that span. The Hang Seng Index now sits just above the 16,500-point plateau although it's likely to find support on Wednesday.
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China Shares Likely To Open In The Green On Wednesday
The China stock market on Tuesday ended the four-day losing streak in which it had slumped more than 70 points or 2.4 percent. The Shanghai Composite Index now sits just above the 2,930-point plateau and it's expected to find continued strength on Wednesday,
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Taiwan Bourse Expected To Snap Losing Streak
The Taiwan stock market has moved lower in two straight sessions, giving up almost 100 points or 0.6 percent along the way. The Taiwan Stock Exchange now sits just above the 17,575-point plateau although it may stop the bleeding on Wednesday.
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Japan Has 776.9 Billion Trade Shortfall In November
Japan posted a merchandise trade deficit of 776.9 billion yen in November, the Ministry of Finance said on Wednesday.
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Singapore Shares Tipped To Open To The Upside
The Singapore stock market on Tuesday ended the two-day slide in which it had dipped almost 10 points or 0.3 percent. The Straits Times Index now sits just above the 3,115-point plateau and it's expected to extend its gains on Wednesday.
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Win Streak May Continue For Malaysia Stock Market
The Malaysia stock market has moved higher in seven straight sessions, gathering almost 25 points or 1.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,465-point plateau and it's tipped to open in the green again.
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Additional Support Anticipated For South Korea Shares
The South Korea stock market has moved higher in four straight sessions, collecting more than 55 points or 2.1 percent along the way. The KOSPI now sits just beneath the 2,570-point plateau and it may add to its winnings again on Wednesday.
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Japan Trade Data On Tap For Wednesday
Japan will on Wednesday release November numbers for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.
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TSX Posts Fresh 52-week Intraday, Closing Highs
As stocks climbed higher on hopes the Fed will start cutting rates from early next year, the Canadian benchmark S&P/TSX Composite Index raced to a fresh 52-week high on Tuesday.
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Dollar Drifts Lower Against Major Counterparts
The U.S. dollar edged lower against its major counterparts on Tuesday as traders continued to bet the Federal Reserve will start reducing interest rates from the first quarter of the coming year.
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Swiss Market Ends Marginally Down
The Switzerland market failed to hold early gains and ended slightly down on Tuesday.
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European Stocks Close Higher On Rate Cut Hopes
European stocks closed higher on Tuesday amid hopes major central banks will start reducing interest rates from early next year. However, gains were just modest in most of the markets in the region, as investors awaited some crucial European and U.S. economic data, including reports on inflation.
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TSX Up Nearly 1%; Materials Shares Rally
The Canadian market is up firmly in positive territory around late afternoon on Tuesday, with materials stocks leading the benchmark up north.
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