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Sensex, Nifty To Open Lower As Fed Worries Return To Haunt
Indian shares are likely to open on a subdued note Monday as a bigger than expected increase in the U.S. producer price index stoked concerns that the Federal Reserve might keep interest rates higher for longer.
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Japanese Market Notably Lower
The Japanese stock market is notably lower on Monday, giving up the slight gains in the previous session, with the Nikkei 225 staying a tad above the 32,400 mark, following the mostly negative cues from Wall Street on Friday, weighed down by weakness across most sectors, led by exporters and technology stocks.
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Lower Open Called For Indonesia Stock Market
The Indonesia stock market on Friday snapped the two-day winning streak in which it had risen almost 25 points or 0.3 percent. The Jakarta Composite Index now sits just beneath the 6,880-point plateau and the losses may accelerate on Monday.
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Australian Market Modestly Lower
The Australian stock market is modestly lower on Monday, extending the losses in the previous session, with the benchmark S&P/ASX 200 staying above the 7,300 level, following the mostly negative cues from Wall Street on Friday, weighed down by weakness in miners, technology and financial stocks.
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Hong Kong Stock Market Tipped To Open Under Pressure
The Hong Kong stock market on Friday snapped the two-day winning streak in which it had picked up more than 60 points or 0.3 percent. The Hang Seng Index now sits just above the 19,075-point plateau and it's looking at another soft start again on Monday.
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Soft Start Predicted For China Stock Market
The China stock market headed south again on Friday, one session after halting the three-day losing streak in which it had dropped almost 45 points or 1.5 percent. The Shanghai Composite Index now sits just beneath the 3,190-point plateau and it's tipped to open in the red again on Monday.
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No Help Yet For Taiwan Stock Market
The Taiwan stock market has moved lower in four straight sessions, tumbling more than 530 points or 3.2 percent along the way. The Taiwan Stock Exchange now rests just above the 16,600-point plateau and it may take further damage again on Monday.
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Singapore Bourse Tipped To Open In The Red
The Singapore stock market on Friday wrote a finish to the three-day winning streak in which it had collected more than 30 points or 0.9 percent. The Straits Times Index now rests just beneath the 3,300-point plateau and it's likely to open under pressure again on Monday.
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Malaysia Stock Market May Take Further Damage On Monday
The Malaysia stock market has moved lower in two straight sessions, dipping almost 5 points or 0.3 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,455-point plateau and it may see continued consolidation again on Monday.
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South Korea Bourse May Extend Losing Streak
The South Korea stock market has moved lower in back-to-back sessions, slipping almost 15 points or 0.6 percent along the way. The KOSPI now rests just above the 2,590-point plateau and it may tick lower again on Monday.
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New Zealand Services Index Tumbles To 47.8 In July - BusinessNZ
The services sector continued to contract in July, and at a faster pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.8.
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New Zealand Services Index Data Due On Monday
New Zealand will on Monday see July results for the Performance of Services Index from BusinessNZ, highlighting a light day for Asia-Pacific economic activity. In June, the index score was 50.1.
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TSX Ends Marginally Up
The Canadian market ended modestly higher on Friday, led by gains in healthcare, materials, energy and communications shares.
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