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Australian Market Notably Higher
The Australian stock market is notably higher on Wednesday, recouping the losses in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 7,300 level, following the broadly positive cues from global markets overnight, with gains across most sectors, led by technology stocks as well as mining and energy stocks amid a spike in commodity prices.
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Higher Open Projected For Hong Kong Stock Market
The Hong Kong stock market on Tuesday wrote a finish to the five-day winning streak in which it had surged almost 1,100 points or 6 percent. The Hang Seng Index now sits just above the 19,000-point plateau and it's tipped to open in the green on Wednesday.
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China Bourse Tipped To End Losing Streak
The China stock market has tracked lower in back-to-back sessions, surrendering almost 40 points or 1.3 percent along the way. The Shanghai Composite Index now sits just shy of the 3,200-point plateau, although it's predicted to stop the bleeding on Wednesday.
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New Zealand Inflation Climbs 6.0% On Year In Q2
New Zealand's consumer prices rose 6.0 percent on year in the second quarter of 2023, Statistics New Zealand said on Wednesday.
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Rebound Anticipated For Taiwan Stock Market
The Taiwan stock market on Tuesday halted the five-day winning streak in which it had surged almost 700 points or 4 percent. The Taiwan Stock Exchange now rests just above the 17,225-point plateau although it figures to bounce higher again on Wednesday.
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Singapore Shares Likely Rangebound Again On Wednesday
The Singapore stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had picked up more than 80 points or 2.5 percent. The Straits Times Index now rests just beneath the 3,255-point plateau although it's expected to bounce higher again on Wednesday.
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South Korea Shares May Stop The Bleeding On Wednesday
The South Korea stock market has moved lower in consecutive trading days, slumping more than 20 points or 0.8 percent along the way. The KOSPI now rests just shy of the 2,610-point plateau although it figures to find traction on Wednesday.
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New Zealand Inflation Data Due On Wednesday
New Zealand will on Wednesday release Q2 numbers for consumer prices, highlighting a light day for Asia-Pacific economic activity.
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TSX Ends At 9-week High After Soft Inflation Data
The Canadian market ended on a firm note on Tuesday as soft inflation data and a sharp rise in housing starts, as well as higher commodity prices helped underpin sentiment.
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Dollar Mixed Against Major Counterparts
The U.S. dollar was somewhat subdued against its major counterparts on Tuesday with traders digesting the latest batch of economic data and assessing the likely move by the Federal Reserve, which is scheduled to announce its monetary policy next week.
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Swiss Market Ends On Buoyant Note
The Switzerland stock market ended on a buoyant note on Tuesday, gaining ground consistently after a marginally positive start.
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European Stocks Rally In The Final Hour, End Session On Firm Note
After struggling for direction till well past noon, European stocks climbed higher in the final hour of the session on Tuesday, with investors reacting positively to comments from ECB council member Klass Knot that the central bank might pause its tightening cycle sometime soon.
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Canadian Stocks Rise On Soft Inflation Data, Higher Commodity Prices
The Canadian market is up firmly in positive territory around noon on Tuesday with soft inflation data and encouraging housing starts numbers aiding sentiment.
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