Singapore Inflation Data Due On Wednesday
(RTTNews) - Singapore will on Wednesday release June figures for consumer prices, highlighting a light day for Asia-Pacific economic activity. In May, overall inflation was up 0.6 percent on month and 0.8 percent on year, while core CPI rose an annual 0.6 percent.
Taiwan will provide June numbers for industrial production; in May, production jumped 22.6 percent on year.
Australia will see June results for the leading index from the Melbourne Institute; in May, the index fell 0.1 percent on month.
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Asian Markets Trade Mostly Higher
Asian markets are mostly higher on Wednesday, following the mixed cues from Wall Street overnight, amid optimism about a diplomatic resolution to the US-Iran conflict after US and Iranian officials held a three-hour meeting on the sidelines of the UN gathering. The continued fall in crude oil prices also eased global inflation concerns and the possibility of another interest rate hike this year.
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18 minutes ago
Indian Shares Seen Little Changed At Open
Indian shares are seen opening flat to slightly higher on Wednesday after reports suggested that Saudi Arabia has restarted its East-West oil pipeline and may have resumed exports from the Red Sea port of Yanbu following drone attacks on September 11.
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53 minutes ago
Thai Stock Market Tipped To Open Under Water On Wednesday
The Thai stock market has moved higher in four straight sessions, collecting more than 40 points or 2.7 percent in that span. The Stock Exchange of Thailand now sits just beneath the 1,605-point plateau although it's likely to open to the downside on Wednesday.
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1h 30min ago
Indonesia Stock Market May Tick Higher On Wednesday
The Indonesia stock market has finished lower in three straight sessions, surrendering almost 190 points or 3 percent in that span. The Jakarta Composite Index now sits just above the 6,275-point plateau although it's due for support on Wednesday.
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2h 0min ago
Rally May Stall For Hong Kong Stock Market
The Hong Kong stock market has climbed higher in three straight sessions, improving more than 480 points or 1.9 percent in that span. The Hang Seng Index now sits just above the 25,080-point plateau although it's looking at a soft start on Wednesday.
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2h 15min ago
Australian Market Modestly Higher
Australian shares are trading modestly higher on Wednesday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 moving well above the 8,750 level, with gains in mining stocks partially offset by weakness in energy and technology stocks.
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2h 22min ago
China Stock Market May Spin Its Wheels On Wednesday
The China stock market has finished higher in three straight sessions, climbing more than 75 points or 1.7 percent in that span. The Shanghai Composite Index now sits just above the 3,950-point plateau although it may open in the red on Wednesday.
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2h 30min ago
Taiwan Stock Market Due For Consolidation
The Taiwan stock market has tracked higher in five straight sessions, surging more than 2,880 points or 6.4 percent along the way. The Taiwan Stock Exchange now sits just above the 47,800-point plateau although it's likely to run out of steam on Wednesday.
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3h 0min ago
