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Swiss Market Settles On Firm Note
(RTTNews) - The Switzerland market closed on a firm note on Wednesday, tracking positive cues from other markets in Europe, amid rising prospects of an end to the U.S. government shutdown this week, and hopes about an interest rate cut by the Federal Reserve next month.
The benchmark SMI, which climbed to 12,823.52, settled with a gain of 91.66 points or 0.72% at 12,793.74.
Alcon rallied nearly 4%. Richemont, Galderma Group, Sonova, Geberit, UBS Group, Holcim, Amrize, Sandoz Group and SGS gained 1 to 1.8%.
Lindt & Spruengli, Kuehne + Nagel, Swatch Group, Novartis, ABB, Schindler Ps, Roche Holding and Nestle posted moderate gains.
Swiss Life Holding ended down by about 1.1%. VAT Group, Swisscom and Partners Group lost 0.5 to 0.65%.
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Australian Market Maintains Early Sharp Losses In Mid-market
The Australian stock market is maintaining its early sharp losses in mid-market moves on Friday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,650 level, with weakness across all sectors led by mining and technology stocks.
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Asian Markets Track Wall Street Lower
Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, reflecting uncertainty whether key U.S. economic reports will be released following the end of the longest government shutdown in U.S. history, which could alter the US Fed's decision on interest rates. Asian markets ended mostly higher on Thursday.
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Indian Shares Set For Muted Opening; Bihar Election Results Eyed
Indian shares are set for a muted opening on Friday as investors await the Bihar election results for directional cues.
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China Industrial Output Gains An Annual 4.9% In October
Industrial production in China was up 4.9 percent on year in October, the National Bureau of Statistics said on Friday.
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Thai Stock Market May Turn Lower Again On Friday
The Thai stock market on Thursday snapped the two-day slide in which it had given up more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,285-point plateau although it may hand back those gains on Friday.
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Soft Start Expected For Indonesia Stock Market
The Indonesia stock market turned lower again on Thursday, one day after ending the two-day slide in which it had fallen almost 30 points or 0.4 percent. The Jakarta Composite Index now sits just above the 8,370-point plateau and the losses may accelerate on Friday.
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Hong Kong Shares Tipped To Open In The Red On Friday
The Hong Kong stock market has moved higher in four straight sessions, advancing almost 825 points or 3.5 percent along the way. The Hang Seng Index now rests just above the 27,070-point plateau although profit taking is expected on Friday.
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Japanese Market Sharply Lower
Reversing the gains in the previous two sessions, the Japanese market is sharply lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 50,500 level, with weakness across most sectors led by index heavyweights and technology stocks.
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