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China Industrial Profit Data Due On Monday
(RTTNews) - China will on Monday release June figures for industrial profits, highlighting a light day for Asia-Pacific economic activity. In the previous month, profits were down 8.3 percent on year.
Hong Kong will see June numbers for imports, exports and trade balance. In May, imports were up 18.9 percent on month and exports rose 15.5 percent for a trade deficit of HKD27.3 billion.
Finally, the markets in Thailand are closed on Monday for King Maha's birthday and will re-open on Tuesday.
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Rebound Anticipated For Thai Stock Market
Ahead of the long holiday weekend for Queen Sirikit's birthday, the Thai stock market had ended the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just beneath the 1,260-point plateau although it's expected to bounce higher again on Wednesday.
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Japanese Market Sharply Higher
The Japanese stock market is sharply higher on Wednesday, extending the gains in the previous six sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving a tad above the 43,300 level to fresh record all-time highs, with gains across all sectors led by exporters and financial stocks.
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37 minuter sedan
Indonesia Bourse May Test Resistance At 7,800 Points
The Indonesia stock market has tracked higher in three straight sessions, improving more than 300 points or 4 percent along the way. The Jakarta Composite Index now sits just above the 7,790-point plateau and it may at least open higher again on Wednesday.
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Additional Support Called For Hong Kong Stock Market
The Hong Kong stock market has moved higher in back-to-back sessions, gathering more than 110 points or 0.4 percent along the way. The Hang Seng Index now rests just beneath the 24,970-point plateau and it's expected to open to the upside again on Wednesday.
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Australian Market Modestly Lower
Australian shares are trading modestly lower on Wednesday after opening in the green, reversing the gains in the previous two sessions, with the benchmark S&P/ASX 200 staying well below the 8,900 level, despite the broadly positive cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in mining and technology stocks.
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China Bourse May Extend Winning Streak
The China stock market has moved higher in back-to-back sessions, collecting more than 30 points or 0.9 percent along the way. The Shanghai Composite Index now sits just above the 3,665-point plateau and it may add to its winnings on Wednesday.
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Taiwan Stock Market Expected To Open In The Green
The Taiwan stock market has moved higher in four straight sessions, rallying more than 700 points or 3 percent along the way. The Taiwan Stock Exchange now sits just beneath the 24,160-point plateau and it may see additional support again on Wednesday.
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Singapore Shares May Stop The Bleeding On Wednesday
The Singapore stock market has finished lower in three straight sessions, slipping almost 40 points or 0.9 percent along the way. The Straits Times Index now sits just above the 4,220-point plateau although it may find traction on Wednesday.
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