Taiwan Bourse May Spin Its Wheels On Thursday

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(RTTNews) - The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 130 points or 0.8 percent along the way. The Taiwan Stock Exchange now sits just above the 17,370-point plateau although it may be stuck in neutral on Thursday.

The global forecast for the Asian markets is mixed and flat ahead of key U.S. inflation data later today. The European markets were up and the U.S. bourses were mixed and the Asian markets expect to follow the latter lead.

The TSE finished slightly higher on Wednesday following gains from the steel companies, weakness from the financials and plastics and a mixed picture from the technology companies.

For the day, the index rose 29.31 points or 0.17 percent to finish at 17,370.56 after trading between 17,323.27 and 17,441.79.

Among the actives, Cathay Financial slumped 0.54 percent, while Mega Financial retreated 1.26 percent, CTBC Financial skidded 1.10 percent, First Financial fell 0.36 percent, Fubon Financial was down 0.31 percent, E Sun Financial sank 0.58 percent, Taiwan Semiconductor Manufacturing Company eased 0.17 percent, United Microelectronics Corporation rose 0.31 percent, Hon Hai Precision shed 0.49 percent, Largan Precision soared 3.25 percent, Catcher Technology climbed 1.03 percent, MediaTek added 0.64 percent, Delta Electronics lost 0.47 percent, Novatek Microelectronics jumped 1.99 percent, Formosa Plastics stumbled 0.73 percent, Nan Ya Plastics weakened 0.29 percent, Asia Cement slid 0.24 percent, Taiwan Cement dropped 0.72 percent and China Steel gained 0.38 percent.

The lead from Wall Street offers little clarity as the major averages opened higher on Wednesday but faded as the day progressed, ending mixed and little changed.

The Dow rose 13.44 points or 0.04 percent to finish at 35,430.42, while the NASDAQ slid 23.27 points or 0.16 percent to close at 14,258.49 and the S&P 500 dipped 4.31 points or 0.09 percent to end at 4,550.58.

Stocks saw early strength amid ongoing optimism about the outlook for interest rates, also riding a surge by shares of General Motors (GM) after the auto giant announced a $10 billion stock buyback and increased dividend.

Buying interest waned as the day has progress, however, with traders looking ahead to the release of key inflation readings later today.

Crude oil showed another strong move to the upside on Wednesday, extending gains from the previous session ahead of a key OPEC meeting later today. West Texas Intermediate for January delivery jumped $1.45 or 1.9 percent to $77.86 a barrel.

Australian Market Trims Early Gains In Mid-market

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Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.

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Japanese Market Sharply Higher; Up 2%

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Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

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Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

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Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.

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China Stock Market May Hand Back Monday's Gains

The China stock market bounced higher again on Monday, one session after halting the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just beneath the 3,650-point plateau although it's likely to head south again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

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EURUSD	1.1619	GBPUSD	1.34318	AUDUSD	0.65186
USDJPY	148.399	USDCAD	1.37775	USDCHF	0.81136