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Higher Open Predicted For Hong Kong Stock Market
The Hong Kong stock market turned lower again on Tuesday, one day after snapping the three-day losing streak in which it had stumbled more than 370 points or 2.2 percent. The Hang Seng Index now sits just beneath the 16,530-point plateau although it's expected to erase those losses on Wednesday.
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China Shares Expected To Open In The Green
The China stock market on Tuesday snapped the two-day winning streak in which it had collected almost 50 points or 1.6 percent. The Shanghai Composite Index now rests just above the 3,060-point plateau and it's likely to see additional support on Wednesday.
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Taiwan Stock Market Called To The Upside On Wednesday
The Taiwan stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had advanced more than 210 points or 1.1 percent. The Taiwan Stock Exchange now sits just beneath the 19,860-point plateau although it's expected to open in the green on Wednesday.
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Additional Support Predicted For Singapore Shares
The Singapore stock market on Tuesday ended the two-day slide in which it had slipped almost 15 points or 0.5 percent. The Straits Times Index now sits just beneath the 3,175-point plateau and it may extend its gains on Wednesday.
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Malaysia Shares May Erase Tuesday's Losses
The Malaysia stock market on Tuesday ended the three-day winning streak in which it had collected more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,545-point plateau although it's likely to bounce higher again on Wednesday.
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Renewed Support Anticipated For South Korea Shares
The South Korea stock market has finished lower in two of three trading days since the end of the three-day winning streak in which it had advanced almost 60 points or 2.2 percent. The KOSPI now rests just above the 2,655-point plateau although it's expected to rebound on Wednesday.
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New Zealand Has NZ$6.9 Billion Current Account Deficit In Q4
New Zealand posted a seasonally adjusted current account deficit of NZ$6.9 billion in the fourth quarter of 2023, Statistics New Zealand said on Wednesday.
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Indonesia Rate Decision On Tap For Wednesday
The central bank in Indonesia will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity.
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Dollar Extends Gains Against Major Counterparts
The U.S. dollar gained against its major counterparts on Tuesday, with traders reacting to Canadian inflation data, policy announcements from the Bank of Japan and the Reserve Bank of Australia, and looking ahead to the Federal Reserve's monetary policy decision.
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TSX Ends Marginally Up After Surprise Drop In Headline Inflation
The Canadian market ended slightly higher on Tuesday, thanks largely to data showing a surprise fall in the nation's headline inflation aiding sentiment.
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Swiss Market Ends Lower Again
Despite a fairly positive mood across Europe, the Switzerland market ended weak on Tuesday, as investors remained a bit reluctant to pick up stocks ahead of policy decisions by the Federal Reserve and the Swiss National Bank.
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European Stocks Close Broadly Higher Ahead Of Fed Policy
European stocks closed higher on Tuesday, with investors digesting some regional economic data and earnings news, in addition to assessing the monetary policy decisions from the Reserve Bank of Australia and the Bank of Japan, ahead of the Federal Reserve's policy announcement.
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Canadian Market Modestly Higher After Inflation Data
The Canadian market is up in positive territory Tuesday afternoon, supported by gains in energy, utilities and consumer sectors, although the mood remains cautious ahead of the Federal Reserve's policy announcement due tomorrow.
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