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Asian Markets Mostly Higher On Global Cues
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from the global markets on Friday, as fairly encouraging economic data from the U.S. and upbeat earnings updates from some top companies helped lift sentiment. Asian markets closed mostly mixed on Friday.
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Sensex, Nifty Set To Follow Global Peers Higher
Indian shares look set to open sharply higher on Monday, mirroring positive global cues amid optimism that U.S. inflation is slowing and that consumer spending remains healthy.
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Thai Bourse Poised To Halt Losing Streak
The Thai stock market had finished lower in five straight sessions, sinking almost 30 points or 1.9 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,535-point plateau although it's due for support on Monday.
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Renewed Support Expected For Indonesia Stock Market
The Indonesia stock market turned lower again on Friday, one session after snapping the three-day slide in which it had stumbled almost 100 points or 1.5 percent. The Jakarta Composite Index now sits just above the 6,650-point plateau although it figures to rebound again on Monday.
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Australian Market Modestly Higher
The Australian stock market is modestly higher on Monday, recouping some of the losses in the previous session, with the benchmark S&P/ASX 200 staying above the 6,600 level, following the broadly positive cues from the global markets on Friday, boosted by gains in energy and materials stocks.
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Hong Kong Stock Market Predicted To Halt Losing Streak
The Hong Kong stock market has moved lower in five straight sessions, surrendering almost 1,450 points or 7 percent along the way. The Hang Seng Index now sits just beneath the 20,300-point plateau although it's overdue for support on Monday.
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China Stock Market May Find Traction On Monday
The China stock market has moved lower in two straight sessions, surrendering more than 55 points or 1.7 percent along the way. The Shanghai Composite Index now sits just beneath the 3,230-point plateau although it's likely to stop the bleeding on Monday.
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more news
Singapore Non-Oil Domestic Exports Jump 3.7% In June
The value of non-oil domestic exports in Singapore climbed a seasonally adjusted 3.7 percent on month in June, Statistics Singapore said on Monday.
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Win Streak May Continue For Taiwan Stock Market
The Taiwan stock market has climbed higher in three straight sessions, improving almost 600 points or 4.1 percent along the way. The Taiwan Stock Exchange now rests just above the 14,550-point plateau and it's expected to open in the green again on Monday.
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Singapore Bourse May Add To Its Winnings On Monday
The Singapore stock market on Friday wrote a finish to the two-day slide in which it had stumbled more than 55 points or 1.7 percent. The Straits Times Index now rests just beneath the 3,100-point plateau and it's expected to extend its gains on Monday.
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Rebound Anticipated For Malaysia Stock Market
The Malaysia stock market has finished lower in two of three trading days since the end of 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 beneath the 1,420-point plateau although it figures to bounce higher again on Monday.
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New Zealand Consumer Prices Spike 7.3% On Year In Q2
Consumer prices in New Zealand jumped 7.3 percent on year in the second quarter of 2022, Statistics New Zealand said on Monday - touching a 32-year high.
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South Korea Stock Market Tipped To Open In The Green Again On Monday
The South Korea stock market has finished higher in two of three trading days since the end of the two-day slide in which it had fallen more than 30 points or 1.3 percent. The KOSPI now rests just above the 2,330-point plateau and it may add to its winnings on Monday.
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