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Malaysia Trade Data Due On Monday
(RTTNews) - Malaysia will on Monday release October figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In September, imports were down 11.1 percent on year and exports dropped 13.7 percent for a trade surplus of MYR24.50 billion.
Taiwan will provide October numbers for export orders and Q# data for current account. In September, export orders slumped 15.6 percent on year, while the current account surplus in Q2 was $22.24 billion.
Thailand will see Q3 figures for gross domestic product; in the three months prior, GDP was up 0.2 percent on quarter and 1.8 percent on year.
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Little Movement Seen For Hong Kong Stock Market
The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,030-point plateau and it's likely to remain rangebound on Friday.
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Australian Market Slightly Lower
The Australian stock market is trading slightly lower on Friday after opening in the green, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,600 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
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China Stock Market May Add To Its Winnings On Friday
The China stock market has moved higher in back-to-back sessions, collecting more than 15 points or 0.4 percent in that span. The Shanghai Composite Index now sits just above the 3,400-point plateau and it's expected to see continued strength on Friday.
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Taiwan Shares May Bounce Higher Again On Friday
The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
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Singapore Bourse May Extend Thursday's Gains
The Singapore stock market on Thursday ended the two-day slide in which it had fallen more than 15 points or 0.4 percent. The Straits Times Index now sits just above the 3,920-point plateau and it's tipped to open to the upside again on Friday.
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Malaysia Stock Market May See Additional Support
The Malaysia stock market has ticked higher in consecutive trading days, gathering almost 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau and it may add to its winnings again on Friday.
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Win Streak May Continue For South Korea Stock Market
The South Korea stock market has finished higher in seven straight sessions, collecting more than 225 points or 8.2 percent along the way. The KOSPI now rests just above the 2,920-point plateau and it's tipped to open in the green again on Friday.
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New Zealand Manufacturing PMI Data Due On Friday
New Zealand will on Friday release May results for the manufacturing PMI from BusinessNZ, highlighting a light day for Asia-Pacific economic activity. In April, the PMI score was 53.9.
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