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Japanese Market Modestly Higher
The Japanese stock market is modestly higher in choppy trading on Friday after slipping in to the red briefly in mid-morning, extending the gains in the previous two sessions, with the benchmark Nikkei 225 moving above the 26,700 level, following the mixed cues from Wall Street overnight.
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Thai Stock Market May Find Traction On Friday
The Thai stock market had finished lower in four straight sessions, sinking more than 25 points or 1.7 percent along the way. The Stock Exchange of Thailand now rests just above the 1,535-point plateau although it may stop the bleeding on Friday.
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Indonesia Stock Market May Be Stuck In Neutral On Friday
The Indonesia stock market on Thursday wrote a finish to the three-day slide in which it had stumbled almost 100 points or 1.5 percent. The Jakarta Composite Index now sits just beneath the 6,690-point plateau although it may head south again on Friday.
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Australian Market Sharply Lower
The Australian stock market is sharply lower on Friday, giving up some of the gains in the previous two sessions, with the benchmark S&P/ASX 200 falling below the 6,600 level, following the mixed cues overnight from Wall Street, dragged by weakness in materials and energy stocks amid tumbling commodity prices on fears of demand slowdown from top importer China. Financial stocks are also weak.
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Bargain Hunting May Boost Hong Kong Stock Market
The Hong Kong stock market has finished lower in four straight sessions, surrendering almost 1,000 points or 4.8 percent along the way. The Hang Seng Index now sits just above the 20,750-point plateau although it's due for support on Friday.
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China Shares Waiting On GDP Data
The China stock market turned lower again on Thursday, one day after halting the three-day losing streak in which it had slumped more than 80 points or 2.6 percent. The Shanghai Composite Index now sits just above the 3,280-point plateau and it figures to open flat on Friday.
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Little Movement Expected For Taiwan Stock Market
The Taiwan stock market has moved higher in consecutive trading days, improving almost 490 points or 3.3 percent along the way. The Taiwan Stock Exchange now rests just beneath the 14,440-point plateau although it may spin its wheels on Friday.
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Singapore Stock Market Tipped To Be Rangebound On Friday
The Singapore stock market has finished lower in back-to-back sessions, slumping more than 55 points or 1.7 percent along the way. The Straits Times Index now rests just above the 3,090-point plateau and it's expected to remain in that neighborhood again on Friday.
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Renewed Selling Pressure Tipped For Malaysia Shares
The Malaysia stock market rebounded on Thursday, one session after snapping the two-day winning streak in which it had gathered more than 7 points or 0.5 percent. The Kuala Lumpur Composite Index now rests just above the 1,420-point plateau although it may head south again on Friday.
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Mild Upside Predicted For South Korea Stock Market
The South Korea stock market headed south again on Thursday, one session after snapping the two-day slide in which it had fallen more than 30 points or 1.3 percent. The KOSPI now rests just above the 2,320-point plateau and it may tick higher again on Friday.
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New Zealand Manufacturing Sector Slips Into Contraction - BusinessNZ
The manufacturing sector in New Zealand fell back into contraction territory in June, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 48.7.
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China GDP Data Due On Friday
China is scheduled to release a raft of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are Q2 numbers for gross domestic product and June figures for industrial production, retail sales, fixed asset investment, house prices and unemployment.
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TSX Extends Losses To 5th Straight Session, Ends Sharply Lower
The Canadian market tumbled on Thursday as fears about a recession due to aggressive monetary tightening by central banks to rein in inflation rendered the mood bearish.
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