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Mild Upside Seen For Taiwan Stock Market
The Taiwan stock market on Thursday wrote a finish to the two-day winning streak in which it had gathered more than 170 points or 1.2 percent. The Taiwan Stock Exchange now rests just above the 14,800-point plateau although it may tick higher on Friday.
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Singapore Stock Market Expected To Remain Rangebound
The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had picked up more than 15 points or 0.5 percent. The Straits Times Index now rests just beneath the 3,225-point plateau and it's expected to hold steady in that neighborhood again on Friday.
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South Korea Inflation Rises 5.7% On Year In August
Consumer prices in South Korea were up 5.7 percent on year in August, Statistics Korea said on Friday.
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New Zealand Terms Of Trade Fall 2.4% On Quarter In Q2
New Zealand's terms of trade fell a seasonally adjusted 2.4 percent on quarter in the second quarter of 2022, Statistics New Zealand said on Friday.
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Malaysia Stocks May See Mild Recovery On Friday
The Malaysia stock market on Thursday ended the two-day winning streak in which it had collected more than 20 points or 1.3 percent. The Kuala Lumpur Composite Index new rests just above the 1,490-point plateau although it may tick higher again on Friday.
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Little Movement Seen For South Korea Shares
The South Korea stock market on Thursday snapped the two-day winning streak in which it had advanced more than 45 points or 1.8 percent. The KOSPI now rests just above the 2,415-point plateau and it may be stuck in neutral again on Friday.
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New Zealand Terms Of Trade Data Due On Friday
New Zealand will on Friday release Q2 figures for import prices, export prices and terms of trade, headlining a light day for Asia-Pacific economic activity.
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TSX Ends Lower For 4th Session As Stocks Tumble On Recession Fears
Canadian stocks drifted lower on Thursday, extending recent losses, as worries about a global recession triggered another round of selling almost across the board.
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Dollar Rises Against Counterparts On Rate Hike Hopes
The U.S. dollar climbed higher on Thursday, scoring gains over its major counterparts, amid bets the Federal Reserve will remain aggressive with interest rate hikes in order to combat inflation.
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Swiss Stocks Close Sharply Lower As Inflation Accelerates To 29-year High
Swiss stocks tumbled on Thursday as fears about growth and data showing an acceleration in consumer price inflation triggered a sell-off across the board.
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European Stocks Close Sharply Lower On Recession Fears
European stocks closed sharply lower on Thursday, the first session of September, as worries about grown amid looming interest rate hikes rendered the mood bearish and triggered widespread selling in several sectors.
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U.S. Construction Spending Drops More Than Expected In July
With a decrease in spending on private construction more than offsetting a jump in spending on public construction, the Commerce Department released a report on Thursday showing U.S. construction spending fell by more than expected in the month of July.
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U.S. Manufacturing Index Remains At Two-Year Low In August
A report released by the Institute for Supply Management on Thursday showed its reading on U.S. manufacturing activity remained at a two-year low in August. The ISM said its manufacturing PMI came in at 52.8 in August, unchanged from July. Economists had expected the index to edge down to 52.0.
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