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Australian Market Modestly Higher, Pares Early Losses
The Australian stock market pares early losses to be modestly higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 staying below the 7,300 level, following the mixed cues from global markets overnight, with particular strength in mining stocks amid improving base metal prices, partially offset by weakness in energy stocks.
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Profit Taking May Dent Hang Seng Shares On Wednesday
The Hong Kong stock market on Tuesday halted the two-day losing streak in which it had slumped more than 360 points or 2.1 percent. The Hang Seng Index now sits just above the 18,200-point plateau although investors may cash in on Wednesday.
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China Stock Market May See Soft Start On Wednesday
The China stock market has alternated between positive and negative finishes through the last four days since the end of the two-day winning streak in which it had picked up almost a dozen points or 0.4 percent. The Shanghai Composite Index now rests just shy of the 3,150-point plateau although it's expected to open under pressure again on Wednesday.
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Australia Construction Work Done Rises 2.2% In Q3
The value of construction work done in Australia was up a seasonally adjusted 2.2 percent on quarter in the third quarter of 2022, the Australian Bureau of Statistics said on Wednesday - coming in at A$54.787 billion.
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Australia Building Permits Shed 6.0% In October
The total number of building permits issued in Australia was down a seasonally adjusted 6.0 percent on month in October, the Australian Bureau of Statistics said on Wednesday - coming in at 15,382.
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Australia Private Sector Credit Rises 0.6% In October
Private sector credit in Australia was up 0.6 percent on month in October, the Reserve Bank of Australia said on Wednesday - in line with expectations and slowing from 0.7 percent in September.
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Tech Shares May Weigh On Taiwan Stock Market
The Taiwan stock market on Tuesday snapped the two-day slide in which it had dropped almost 230 points or 1.7 percent. The Taiwan Stock Exchange now rests just above the 14,700-point plateau although it's likely to see renewed selling pressure on Wednesday.
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more news
Japan Industrial Production Slips 2.6% In October
Industrial output in Japan fell a seasonally adjusted 2.6 percent on month in October, the Ministry of Economy, Trade and Industry said on Wednesday.
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Japan Industrial Output Declines 2.6% In October
Industrial production in Japan was down a seasonally adjusted 2.6 percent on month in October, the Ministry of Economy, Trade and Industry said on Wednesday.
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Renewed Consolidation Called For Singapore Stock Market
The Singapore stock market on Tuesday ended the two-day slide in which it had fallen almost 20 points or 0.6 percent. The Straits Times Index now rests just above the 3,275-point plateau although it figures to head south again on Wednesday.
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South Korea Industrial Output Falls 3.5% In October
Industrial production in South Korea slipped a seasonally adjusted 3.5 percent on month in October, Statistics Korea said on Wednesday.
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Little Movement Expected For Malaysia Stock Market
The Malaysia stock market has racked lower in back-to-back sessions, sinking almost 25 points or 1.7 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,475-point plateau and it's expected to remain in that neighborhood again on Wednesday.
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South Korea Retail Sales Dip 0.2% In October
The value of retail sales in South Korea was down a seasonally adjusted 0.2 percent on month in October, Statistics Korea said on Wednesday.
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