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Hong Kong Shares May Run Out Of Steam On Tuesday
The Hong Kong stock market has finished higher in back-to-back sessions, collecting more than 400 points or 1.6 percent in that span. The Hang Seng Index now sits just beneath the 25,940-point plateau although it may open under water on Tuesday.
The global forecast for the Asian markets is weak on continuing concerns over the conflict in the Middle East and the resulting spike in crude oil prices. The European markets were mixed and flat and the U.S. bourses were slightly soft and the Asian markets figure to split the difference.
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30 days ago
China Stock Market Due For Consolidation
The China stock market has moved higher in five straight sessions, collecting almost 160 points or 4.2 percent in that span. The Shanghai Composite Index now sits just above the 3,960-point plateau although the rally may stall on Tuesday.
The global forecast for the Asian markets is weak on continuing concerns over the conflict in the Middle East and the resulting spike in crude oil prices. The European markets were mixed and flat and the U.S. bourses were slightly soft and the Asian markets figure to split the difference.
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30 days ago
Australian Markets Modestly Higher
The Australian stock market is modestly higher on Tuesday, reversing some of the losses in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 index is moving above the 9,250 level, with gains in mining and energy stocks partially offset by weakness in financial stocks.
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30 days ago
Renewed Consolidation Expected For Taiwan Stock Market
The Taiwan stock market on Monday wrote a finish to the two-day losing streak in which it had fallen almost 400 points or 0.9 percent. The Taiwan Stock Exchange now sits just beneath the 44,930-point plateau although it may head south again on Tuesday.
The global forecast for the Asian markets is weak on continuing concerns over the conflict in the Middle East and the resulting spike in crude oil prices. The European markets were mixed and flat and the U.S. bourses were slightly soft and the Asian markets figure to split the difference.
RTTNews
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30 days ago
Rally May Stall For Singapore Stock Market
Ahead of Monday's holiday for National Day, the Singapore stock market had moved higher in back-to-back sessions, gathering almost 120 points or 2 percent along the way. The Straits Times Index now sits just beneath the 5,700-point plateau although it may run out of steam on Tuesday.
The global forecast for the Asian markets is weak on continuing concerns over the conflict in the Middle East and the resulting spike in crude oil prices. The European markets were mixed and flat and the U.S. bourses were slightly soft and the Asian markets figure to split the difference.
The STI finished sharply higher on Friday following gains from the financial shares and properties, while the industrials were mixed.
For the day, the index climbed 59.44 points or 1.05 percent to finish at 5,698.43 after trading between 5,644.56 and 5,700.07.
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30 days ago
Malaysia Stock Market May Extend Losing Streak
The Malaysia stock market has finished lower in three straight sessions, falling more than a dozen points or 0.6 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,735-point plateau and it may take further damage on Tuesday.
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30 days ago
KOSPI May Hand Back Monday's Gains
The South Korea stock market on Monday snapped the two-day slide in which it had tumbled almost 350 points or 5.4 percent. The KOSPI now sits just beneath the 6,300-point plateau although it may turn lower again on Tuesday.
The global forecast for the Asian markets is weak on continuing concerns over the conflict in the Middle East and the resulting spike in crude oil prices. The European markets were mixed and flat and the U.S. bourses were slightly soft and the Asian markets figure to split the difference.
RTTNews
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30 days ago
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Australia Rate Decision On Tap For Tuesday
The Reserve Bank of Australia will wrap up it monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is expected to keep its benchmark lending rate unchanged at 4.35 percent.
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30 days ago
U.S. Dollar Inches Higher Amid Rising Expectations Of Tighter Fed Monetary Policy
The U.S. Dollar value moves higher as the Strait of Hormuz remains closed with the U.S. and Iran unrelenting in their demands from each other leading to heightened uncertainty over its reopening. The consequent surge in crude oil prices renewed inflationary concerns and expectations of a higher interest rate regime in the U.S. in the near-term.
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30 days ago
Swiss Market Ends On Firm Note
The Switzerland market closed higher on Monday, outperforming most of the markets across Europe, thanks to fairly strong buying at select counters, including a few in the pharmaceuticals sector.
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30 days ago
European Stocks Mixed As Iran Tensions Cloud Markets
European stocks closed mixed Monday amid stalled U.S.-Iran negotiations and uncertainty over the Strait of Hormuz. Investors await U.S. inflation data for clues on Federal Reserve interest rate decisions. Eurozone investor confidence returned to positive territory in August.
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30 days ago
Canadian Market Rises On Energy, Tech Gains Tuesday
Canada's S&P/TSX Composite Index climbed 0.2% Tuesday, driven by strong energy and technology stocks. Communications, utilities, and real estate declined. Iran-U.S. talks uncertainty and upcoming U.S. economic data influenced investor sentiment.
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30 days ago
Canadian Stocks Set For Mixed Open Amid Oil, Gold Shifts
Toronto market likely to open mixed Monday amid geopolitical tensions over Strait of Hormuz reopening. S&P/TSX Gold Index soared 6.6% Friday as benchmark index closed at record high. Commodity volatility continues.
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30 days ago
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