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Australia Building Approval Data Due On Monday
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(RTTNews) - Australia will on Monday release November numbers for building approvals, highlighting a light day for Asia-Pacific economic activity. In October, approvals were down 6.0 percent on month and 6.4 percent on year.
Also, the markets in Japan are closed on Monday for Coming of Age Day and will re-open on Tuesday.
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Sensex, Nifty Tad Higher In Early Trade
Indian shares opened a tad higher on Friday despite weak cues from global markets and disappointing earnings results from the likes of TCS and Tata Elxsi.
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Australian Market Trims Early Losses In Mid-market
The Australian stock market is trimming its early losses in mid-market moves on Friday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is well below the 9,000 mark, with weakness in mining and energy stocks partially offset by gains in financial and technology stocks.
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Asian Markets Track Wall Street Lower
Asian markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, on waning optimism over the outlook for interest rate amid concerns about the ongoing U.S. government shutdown, which entered its ninth day with no end in sight. The economic impact of a prolonged suspension of non-essential government services may be starting to weigh on the markets.
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Sensex, Nifty Seen Lower With Earnings In Focus
Indian shares look set to open on a sluggish note Friday after TCS and Tata Elxsi reported disappointing earnings results.
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Thai Shares Expected To Remain Rangebound On Friday
The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had climbed almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just beneath the 1,315-point plateau and it's likely to open under water again on Friday.
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Profit Taking May Dent Indonesia Shares
The Indonesia stock market bounced higher again on Thursday, one day after ending the four-day winning streak in which it had rallied almost 130 points or 1.6 percent. Now at a fresh record closing high, the Jakarta Composite Index sits just above the 8,250-point plateau although investors figure to lock in gains on Friday.
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Japanese Market Notably Lower
Reversing the sharp gains in the previous session, the Japanese market is notably lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 48,350 level, with weakness across most sectors led by exporters and financial stocks.
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Continued Consolidation Called For Hong Kong Shares
The Hong Kong stock market had moved lower in four straight sessions, shedding more than 525 points or 1.9 percent along the way. The Hang Seng Index now sits just above the 26,750-point plateau and it may extend its slide on Friday.
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