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Taiwan Stock Market Due For Support On Tuesday
The Taiwan stock market has finished lower in three straight sessions, slumping more than 70 points or 0.5 percent along the way. The Taiwan Stock Exchange now rests just beneath the 15,550-point plateau although it figures to stop the bleeding on Tuesday.
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1307 days ago
Singapore Bourse Tipped To Reverse Monday's Losses
The Singapore stock market headed south again on Monday, one session after ending the two-day losing streak in which it had slumped more than 25 points or 0.7 percent. The Straits Times Index now rests just beneath the 3,325-point plateau although it figures to bounce higher again on Tuesday.
The global forecast for the Asian markets is positive on optimism over the outlook for interest rates. The European and U.S. markets finished firmly higher and the Asian bourses are expected to open in similar fashion.
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1307 days ago
Win Streak May Continue For Malaysia Stock Market
The Malaysia stock market has finished higher in back-to-back sessions, gathering more than 20 points or 1.4 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,475-point plateau and it's expected to extend its gains on Tuesday.
The global forecast for the Asian markets is positive on optimism over the outlook for interest rates. The European and U.S. markets finished firmly higher and the Asian bourses are expected to open in similar fashion.
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1307 days ago
South Korea Bourse Poised To Halt Losing Streak
The South Korea stock market has moved lower in three straight sessions, slipping more than 30 points or 1.3 percent along the way. The KOSPI now rests just above the 2,450-point plateau although it may stop the bleeding on Tuesday.
The global forecast for the Asian markets is positive on optimism over the outlook for interest rates. The European and U.S. markets finished firmly higher and the Asian bourses are expected to open in similar fashion.
The KOSPI finished modestly lower on Monday following losses from the technology stocks and mixed performances from the oil, financial and industrial groups
For the day, the index sank 17.03 points or 0.69 percent to finish at 2,452.70 after trading between 2,441.29 and 2,462.58. Volume was 480.0 million shares worth 7.27 trillion won. There were 530 decliners and 340 gainers.
Among the actives, Shinhan Financial lost 0.73 percent, while KB Financial sank 0.72 percent, Hana Financial collected 0.31 percent, Samsung Electronics perked 0.16 percent, Samsung SDI retreated 1.63 percent, LG Electronics plunged 3.07 percent, SK Hynix tanked 3.10 percent, Naver plunged 3.04 percent, LG Chem shed 0.45 percent, Lotte Chemical surged 3.73 percent, S-Oil advanced 1.16 percent, SK Innovation rallied 1.08 percent, POSCO strengthened 1.50 percent, SK Telecom improved 1.49 percent, KEPCO gathered 0.78 percent, Hyundai Mobis dipped 0.24 percent, Hyundai Motor skidded 1.04 percent and Kia Motors climbed 1.10 percent.
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1307 days ago
Japan GDP Data Due On Tuesday
Japan will on Tuesday release preliminary Q4 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity. GDP is expected to expand 0.5 percent on quarter and 2.0 percent on year after sinking 0.2 percent on quarter and 0.8 percent on year.
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1307 days ago
Swiss Stock Market Snaps Losing Streak
The Swiss stock market on Monday wrote a finish to the two-day slide in which it had given up more than 145 points or 1.3 percent.
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1308 days ago
European Markets Close Higher On Monday
The major European markets opened higher on Monday and spent all day in the green, extending Friday's gains as investors assessed the outlook for inflation and economic growth.
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1308 days ago
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Currency Markets Pause Ahead Of U.S. CPI Data
Currency markets witnessed moderate movements in the week spanning February 6-10 ahead of the crucial CPI data release from the U.S. on February 14.EUR/USD
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1308 days ago
India Inflation Surges To 6.52%, Crosses RBI's Target Range
India's consumer price inflation accelerated for the first time in four months in January and cut across the Reserve Bank's target corridor amid rising prices for fuel and clothing among others, according to data released by the statistics ministry on Monday. The consumer price index climbed 6.52 percent year-over-year in January, faster than the 5.72 percent gain in December.
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1308 days ago
B2Gold To Acquire Sabina Gold & Silver In C$1.1 Bln All Stock Deal
B2Gold Corp. (BTG, BTO.TO) and Sabina Gold & Silver Corp. (SBB.TO) announced Monday that they have entered into a definitive agreement pursuant to which B2Gold has agreed to acquire all of the issued and outstanding shares of Sabina.
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1308 days ago
Amended: Eurozone Set To Escape Recession; Inflation Outlook Downgraded
Following the favorable development in energy prices and the diversification of supply sources, the euro area is set to avoid a recession and gradually pick up pace next year, as inflation likely peaked and has loosened its grip on economic activity, the European Commission said in its interim forecast, released Monday.
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1308 days ago
Novavax Extends Partnership With U.S. Health Dept. To Deliver 1.5 Mln Addl Doses Of NVX-CoV2373
Biotechnology company Novavax, Inc. (NVAX) announced Monday a modification to its existing agreement with the U.S. Department of Health and Human Services (HHS), in collaboration with the Department of Defense, to deliver up to 1.5 million doses of the Novavax COVID-19 Vaccine, Adjuvanted (NVX-CoV2373).
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1308 days ago
Bally's Sees Sharply Wider Loss In Q4, Expects Revenue Growth
While reporting preliminary results for the fourth quarter and full year 2022 on Monday, casino-entertainment company Bally's Corp. (BALY) said it expects to report a net loss of $476.80 million, including non-cash goodwill and asset impairment charges of $464.0 million, compared to a net loss of $115.29 million in the year-ago quarter.
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1308 days ago
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