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Australian Market Significantly Higher
Recouping some of the losses in the previous four sessions, the Australian stock market is significantly higher on Thursday, following the broadly positive cues from global markets overnight. The benchmark S&P/ASX 200 is moving to a tad below the 7,600 level, with gains in technology and financial stocks.
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Hong Kong Shares Tipped To Open In The Green On Thursday
The Hong Kong stock market returned from the Lunar New Year break on Wednesday by snapping the three-session losing streak in which it had clumped more than 380 points or 2.5 percent. The Hang Seng Index now rests just beneath the 15,880-point plateau and it's expected to open to the upside again on Thursday.
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Australia Jobless Rate Climbs To 4.1% In January
The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in January, the Australian Bureau of Statistics said on Thursday.
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Singapore GDP Adds 1.2% On Quarter In Q4
Singapore's gross domestic product expanded a seasonally adjusted 1.2 percent on quarter in the fourth quarter of 2023, the Ministry of Trade and Industry said on Thursday.
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Taiwan Bourse Expected To Return To The Upside From Holiday
Ahead of the long break for the Lunar New Year, the Taiwan stock market had moved higher in three straight sessions, gathering more than 200 points or 1.2 percent in that span. The Taiwan Stock Exchange now sits just beneath the 18,100-point plateau and it may add to its winnings on Thursday.
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Japan Sinks Into Recession In Q4
Japan's gross domestic product contracted by a seasonally adjusted 0.1 percent on quarter in the fourth quarter of 2023, the Cabinet Office said on Thursday.
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Higher Open Expected For Singapore Stock Market
The Singapore stock market turned lower again on Wednesday, one day after ending the two-day losing streak in which it had fallen almost 20 points or 0.6 percent. The Straits Times Index now sits just beneath the 3,140-point plateau although it's tipped to open in the green again on Thursday.
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Malaysia Shares Tipped To See Renewed Support On Thursday
The Malaysia stock market headed south again on Wednesday, one day after snapping the two-day slide in which it had eased less than a single point or 0.1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,530-point plateau although the market is expected to rebound on Thursday.
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Rebound Anticipated For South Korea Stock Market
The South Korea stock market on Wednesday snapped the three-day winning streak in which it had collected almost 75 points or 2.9 percent. The KOSPI market now rests just above the 2,620-point plateau although it's expected to bounce higher again on Thursday.
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Japan GDP Data Due On Thursday
Japan will on Thursday release preliminary Q4 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to add 0.2 percent on quarter and fall 1.0 percent on year after slipping 0.7 percent on quarter and 2.9 percent on year.
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TSX Rises 1.5% As Stocks Rebound On Bargain Hunting
The Canadian market ended on a buoyant note on Wednesday, with stocks rebounding from previous session's losses, thanks to hectic bargain hunting. Positive lead from U.S. and European markets helped as well.
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Dollar Turns Weak Against Major Rivals As Market Awaits More Economic Data
The U.S. dollar shed ground against most of its major counterparts on Wednesday, giving up some recent gains, as investors looked ahead to the next batch of U.S. economic data, due later in the week.
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Canadian Market Notably Higher As Stocks Rise On Bargain Hunting
Canadian stocks are notably higher Wednesday afternoon, with investors indulging in some bargain hunting after the sharp setback in the previous session. Positive cues from Wall Street and firm European stock, as well as some encouraging earnings updates are also contributing to market's rise.
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