Singapore Unemployment Data Due On Tuesday
(RTTNews) - Singapore will on Tuesday release Q1 numbers for unemployment, highlighting a very light day for Asia-Pacific economic activity.
In the three months prior, the jobless rate was 1.9 percent.
Also, the markets in Japan are closed on Tuesday for Showa Day and will re-open on Wednesday.
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Lower Open Anticipated For Thai Stock Market
The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of 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 1,600-point plateau and it's expected to see continued consolidation on Tuesday.
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Japanese Market Significantly Lower
The Japanese stock market is trading significantly lower on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling well below the 65,250 level, with weakness in index heavyweights and financial stocks partially offset by some gains in technology stocks.
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Indonesia Bourse May Give Up Support At 6,100 Points
The Indonesia stock market has finished lower in three straight sessions, tumbling more than 225 points or 3.2 percent along the way. The Jakarta Composite Index now sits just shy of the 6,150-point plateau and it's expected to open under water again on Tuesday.
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Australian Markets Slightly Higher
The Australian stock market is slightly higher on Tuesday, extending the slight gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 index is moving up to near the 8,700 level, with gains in technology stocks partially offset by weakness in gold miners, energy and financial stocks.
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Hong Kong May See Renewed Selling Pressure
The Hong Kong stock market on Monday snapped the three-day losing streak in which it had stumbled almost 600 points or 2.5 percent. The Hang Seng Index now sits just above the 24,640-point plateau although it figures to head south again on Tuesday.
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China Shares May Take Further Damage On Tuesday
The China stock market has tracked lower in three straight sessions, surrendering more than 120 points or 4.1 percent along the way. The Shanghai Composite Index now sits just above the 3,820-point plateau and it's looking at another soft start again on Tuesday.
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Taiwan Likely To See Continued Consolidation On Tuesday
Ahead of the long holiday weekend for the Mid-Autumn Festival, the Taiwan stock market had ended the six-day winning streak in which it had rallied more than 2,600 points or 5 percent. The Taiwan Stock Exchange now sits just above the 48,020-point plateau and it's expected to open in the red gain on Tuesday.
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Singapore Stock Market May Spin Its Wheels On Tuesday
The Singapore stock market has finished higher in back-to-back sessions, collecting more than 45 points or 0.8 percent in that span. The Straits Times Index now sits just shy of the 5,730-point plateau although the rally may stall on Tuesday.
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