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Losing Streak Likely To Continue For Singapore Stock Market
The Singapore stock market has moved lower in three straight sessions, slipping more than 25 points or 0.8 percent along the way. The Straits Times Index now sits just above the 3,240-point plateau and it's tipped to open under pressure again on Wednesday.
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Malaysia Stock Market May Extend Tuesday's Losses
The Malaysia stock market on Tuesday ended the two-day winning streak in which it had risen almost 8 points or 0.5 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,435-point plateau and the losses may accelerate on Wednesday.
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South Korea Has $0.27 Billion Current Account Surplus In March
South Korea posted a current account surplus of $0.27 billion in March, the Bank of Korea said on Wednesday.
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South Korea Shares May Open Under Pressure On Wednesday
The South Korea stock market turned lower again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 25 points or 1 percent. The KOSPI now rests just above the 2,510-point plateau and it may take further damage on Wednesday.
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Japan Leading Index Data Due On Wednesday
Japan will on Wednesday see March figures for its leading index, highlighting alight day for Asia-Pacific economic activity.
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TSX Recovers After Early Setback, Ends Flat
The Canadian market started off on a weak note on Tuesday and drifted down further, but recovered gradually and eventually ended the session flat.
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Dollar Remains Firm Ahead Of Inflation Data
U.S. dollar stayed firm against most of its major counterparts on Tuesday as traders awaited key U.S. inflation data for clues about the Federal Reserve's rate hike moves.
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Swiss Market Ends Lower On Weak Global Cues
The Switzerland stock market ended weak on Tuesday, in line with markets across Europe, as investors largely stayed wary of picking up shares amid worries about growth and caution ahead of U.S. inflation data.
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European Stocks Close Lower On Growth Concerns
European stocks closed lower on Tuesday, weighed down largely by losses in banking and energy sectors.
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Canadian Market Remains In Negative Territory After Weak Start
After opening notably lower and drifting further down, Canadian stocks have regained some lost ground thanks to selective buying at lower levels at a few frontline counters.
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Currency Markets Encounter Rate Hike Turbulence
Three major central banks viz the Reserve Bank of Australia, the Federal Reserve and the European Central Bank undertook a review of monetary policy and interest rates during the week ended May 5. The outcomes were drastically different. Nevertheless, the turbulence that ensued gripped the wider currency markets.
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Fox Q3 Results Top Estimates
Fox Corp. on Tuesday reported a net loss for the third quarter compared to a profit last year, primarily reflecting charges associated with legal settlement costs at FOX News Media. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also authorized a $7 billion stock repurchase program.
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Australia To Log First Budget Surplus In 15 Years
Australia's budget is projected to return to surplus in 2022-23 for the first time in 15 years amid high commodity prices and a record low unemployment, and then to post smaller deficits and lower debt across the forward years, Treasurer Jim Chalmers said in his budget statement on Tuesday. The surplus for the fiscal year ending June 2023 is projected at A$4.2 billion.
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