Japan Industrial Production Data Due On Monday
(RTTNews) - Japan will on Monday see final August numbers for industrial production, highlighting a light day for Asia-Pacific economic activity. Output is called flat on month after sinking 1.8 percent in July.
New Zealand will see September results for the Performance of Services Index from BusinessNZ; in August, the index score was 47.1.
Indonesia will provide September figures for imports, exports and trade balance. In August, imports were down 14.77 percent on year and exports stumbled an annual 21.21 percent for a trade surplus of $3.12 billion.
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Asian Markets Trade Mixed
Asian stock markets are trading mixed on Monday, following the broadly positive cues from Wall Street on Friday, amid continued uncertainty over the end to the U.S.-Iran conflict after US President Donald Trump rejected Iran's latest conditional proposal to reopen the Strait of Hormuz. Trump said he expects negotiations to resume this week, but Iran said it would not soften its conditions.
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Thai Stock Market Tipped To Open In The Green
The Thai stock market bounced higher again on Friday, one day after ending the five-day winning streak in which it had jumped almost 50 points or 3.1 percent. The Stock Exchange of Thailand now sits just above the 1,605-point plateau and it's likely to open to the upside again on Monday.
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Higher Open Called For Indonesia Stock Market
The Indonesia stock market has finished lower in back-to-back sessions, retreating more than 130 points or 2 percent in that span. The Jakarta Composite Index now sits just above the 6,240-point plateau although it's du for support on Monday.
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Japanese Market Slightly Higher
The Japanese stock market is slightly higher on Monday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The Nikkei 225 is moving up to near the 66,450 level, with gains in automakers, financial and technology stocks partially offset by weakness in financial stocks.
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