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FTSE 100 Drifts Lower As Chancellor Jeremy Hunt Promises Tax Cuts
(RTTNews) - U.K. stocks traded lower on Friday as chancellor Jeremy Hunt delivers a speech on the state of the economy ahead of the general election.
The chancellor promised further tax cuts if the Conservatives win the general election, and has accused his shadow, Labour's Rachel Reeves, of plotting hikes to fund the opposition party's spending pledges.
The benchmark FTSE 100 was down 26 points, or 0.3 percent, at 8,412 after finishing marginally lower on Thursday.
In corporate news, property development firm Land Securities fell 2.3 percent after annual earnings from rental income dropped to £371 million from £393 million in 2023.
Consumer goods giant Unilever rose half a percent after launching its €1.5bn share buyback program.
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Australian Market Notably Higher
The Australian stock market is trading notably higher on Friday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level, with gains in financial stocks and a mixed performance across most other sectors.
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14 dakika önce
Hang Seng Tipped To End Losing Streak
The Hong Kong stock market has moved lower in three straight sessions, sinking more than 550 points or 2.2 percent in that span. The Hang Seng Index now sits just shy of the 25,060-point plateau although it's due for support on Friday.
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16 dakika önce
China Stock Market May Find Traction On Friday
The China stock market has moved lower in three straight sessions, dropping more than 110 points or 2.8 percent along the way. The Shanghai Composite Index now sits just above the 3,760-point plateau although it may stop the bleeding on Friday.
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31 dakika önce
Higher Open Called For Taiwan Stock Market
The Taiwan stock market has tracked higher in consecutive trading days, collecting more than 160 points or 0.7 percent along the way. The Taiwan Stock Exchange now sits just beneath the 24,180-point plateau expected to open to the upside again on Friday.
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1s 1 dakika önce
Singapore Shares May Crack Resistance At 4,300 Points
The Singapore stock market ticked higher again on Thursday, one day after ending the five-day winning streak in which it had climbed more than 50 points or 1.2 percent. The Straits Times Index now sits just shy of the 4,300-point plateau and it may see additional support on Friday.
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1s 31 dakika önce
Japan Household Spending Jumps 1.7% In July
The average of household spending in Japan was up a seasonally adjusted 1.7 percent on month in July, the Ministry of Internal Affairs and Communications said on Friday - coming in at 305,694 yen.
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1s 55 dakika önce
Japan Bourse May Extend Thursday's Gains
The Japanese stock market has moved higher in two of three trading days since the end of the two-day losing streak in which it had dropped almost 650 points or 1.4 percent. The Nikkei 225 now sits just above the 42,580-point plateau and it may add to its winnings on Friday.
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2s 1 dakika önce
Win Streak May Continue For South Korea Shares
The South Korea stock market has moved higher in three straight sessions, collecting more than 55 points or 1.8 percent along the way. The KOSPI now rests just above the 3,200-point plateau and it may extend its gains again on Friday.
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2s 31 dakika önce
