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Australian Market Sharply Lower
The Australian stock market is sharply lower in post-holiday trading on Friday, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 7,600 level, with weakness across most sectors led by iron ore miners and technology stocks.
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507 days ago
Hong Kong Shares Overdue For Consolidation
The Hong Kong stock market has moved higher in four straight sessions, gathering almost 1,100 points or 6.5 percent along the way. The Hang Seng Index now sits just above the 17,280-point plateau although investors figure to lock in gains on Friday.
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507 days ago
China Bourse May Run Out Of Steam On Friday
The China stock market has moved higher in back-to-back sessions, gathering more than 30 points or 1 percent along the way. The Shanghai Composite Index now sits just above the 3,050-point plateau although the rally may stall on Friday.
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507 days ago
Soft Start Anticipated For Taiwan Stock Market
The Taiwan stock market on Thursday ended the two-day winning streak in which it had spiked more than 700 points or 3.5 percent. The Taiwan Stock Exchange now sits just above the 19,850-point plateau and it's expected to open under pressure again on Friday.
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507 days ago
Singapore Shares May Take Further Damage On Friday
The Singapore stock market on Thursday ended the three-day winning streak in which it had jumped almost 120 points or 3.6 percent. The Straits Times Index now rests just above the 3,285-point plateau and it may see continued consolidation on Friday.
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507 days ago
Tokyo Inflation Climbs 1.8% On Year In April
Consumer prices in the Tokyo region of Japan were up 1.8 percent on year in April, the Ministry of Internal Affairs and Communications said on Friday.
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507 days ago
Malaysia Stock Market May Extend Thursday's Losses
The Malaysia stock market on Thursday snapped the six-day winning streak in which it had climbed almost 40 points or 2.5 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,570-point plateau and the losses may accelerate on Friday.
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507 days ago
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Continued Consolidation Called For South Korea Shares
The South Korea stock market has alternated between positive and negative finishes through the last six trading days since the end of the four-day losing streak in which it had plunged almost 125 points or 4.6 percent. The KOSPI now sits just beneath the 2,630-point plateau and it may take further damage on Friday.
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507 days ago
Japan Rate Decision On Tap For Friday
The Bank of Japan will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate steady at 0.1 percent.
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507 days ago
TSX Recovers From Early Losses, Ends Session Marginally Up
After opening negative gap and plunging deeper into the red Thursday morning, the Canadian market recovered gradually and moved into positive territory around mid afternoon to eventually end the day's session marginally up, thanks to strong buying in materials stocks.
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507 days ago
Swiss Market Ends Notably Lower
The Switzerland market ended notably lower on Thursday, in line with markets across Europe, with investors largely tracking earnings updates, and making cautious moves amid uncertainty about the outlook for Fed interest rates.
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507 days ago
European Stocks Close Lower As Investors React To Earnings, Economic Data
European stocks closed lower on Thursday with investors digesting a slew of earnings updates and economic data from Europe and the U.S. Data showing a spike in U.S. personal consumption expenditures price index raised concerns the Fed might hold interest rates higher for a longer period.
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507 days ago
U.S. Dollar Climbs As Jobless Claims Fall, PCE Inflation Rises
The U.S. dollar appreciated against its major counterparts in the New York session on Thursday, as GDP data showed a hot inflation reading for the first quarter and initial jobless claims fell to a two-month low last week, dashing hopes of a rate cut before September.
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507 days ago
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