Forex News

The Hong Kong stock market has moved higher in two straight sessions, advancing more than 250 points or 1.2 percent along the way. The Hang Seng Index now sits just above the 20,560-point plateau although it's likely to open under pressure on Tuesday. The global forecast for the Asian markets is flat to lower ahead of the U.S. presidential election and the Federal Reserve rate decision this week. The European and U.S. markets were down and the Asian bourses are tipped to open in similar fashion.

Reversing the gains in the previous session, the Australian stock market is trading notably lower on Tuesday, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to stay above the 8,100 level, with weakness across most sectors led by technology and financial stocks.

The China stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen more than 55 points or 1.7 percent. The Shanghai Composite now sits just above the 3,310-point plateau although it's looking at a soft start on Tuesday.

The Taiwan stock market on Monday ended the four-day losing streak in which it had stumbled more than 565 points or 2.7 percent. The Taiwan Stock Exchange now rests just above the 22,965-point plateau although it's likely to open under water again on Tuesday. The global forecast for the Asian markets is flat to lower ahead of the U.S. presidential election and the Federal Reserve rate decision this week. The European and U.S. markets were down and the Asian bourses are tipped to open in similar fashion.

The Singapore stock market on Monday ended the two-day slide in which it had dropped almost 35 points or 1 percent. The Straits Times Index now sits just above the 3,570-point plateau although it figures to head south again on Tuesday. The global forecast for the Asian markets is flat to lower ahead of the U.S. presidential election and the Federal Reserve rate decision this week. The European and U.S. markets were down and the Asian bourses are tipped to open in similar fashion.

The Malaysia stock market has finished higher in two straight sessions, collecting almost 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,615-point plateau although it may run out of steam on Tuesday. The global forecast for the Asian markets is flat to lower ahead of the U.S. presidential election and the Federal Reserve rate decision this week. The European and U.S. markets were down and the Asian bourses are tipped to open in similar fashion. The KLCI finished modestly higher on Monday following gains from the telecoms, plantations and industrials, while the financial sector was mixed. For the day, the index added 12.45 points or 0.78 percent to finish at the daily high of 1,616.43 after trading as low as 1,607.75. Among the actives, Axiata jumped 1.73 percent, while Celcomdigi perked 0.11 percent, CIMB Group advanced 1.13 percent, Genting rose 0.76 percent, Genting Malaysia was up 0.44 percent, IHH Healthcare gathered 0.69 percent, IOI Corporation surged 3.39 percent, Kuala Lumpur Kepong soared 2.79 percent, Maxis perked 0.55 percent, Maybank collected 0.38 percent, MISC strengthened 1.59 percent, MRDIY gained 0.90 percent, Nestle Malaysia rallied 1.80 percent, Petronas Chemicals accelerated 1.86 percent, PPB Group climbed 1.43 percent, Public Bank dropped 0.90 percent, QL Resources added 0.42 percent, RHB Bank rose 0.31 percent, Sunway improved 1.38 percent, Telekom Malaysia added 1.08 percent, Tenaga Nasional increased 1.29 percent, YTL Corporation skyrocketed 4.02 percent, YTL Power spiked 1.87 percent and Sime Darby, SD Guthrie and Press Metal were unchanged.