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Taiwan Stock Market May See Renewed Selling Pressure
The Taiwan stock market bounced higher again on Tuesday, one day after ending the four-day winning streak in which it had rallied more than 1,550 points or 3.4 percent. The Taiwan Stock Exchange now sits just beneath the 46,950-point plateau although it hay hand those gains back on Wednesday.
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4 days ago
Continued Consolidation Called For Singapore Stock Market
The Singapore stock market on Tuesday ended the two-day winning streak in which it had gathered more than 70 points or 1.2 percent. The Straits Times Index now sits just above the 5,710-point plateau and it's expected to open under pressure again on Wednesday.
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4 days ago
Malaysia Stock Market Poised To Open Under Water Again On Wednesday
The Malaysia stock market has moved lower in three straight sessions, slumping almost 50 points or 2.7 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,700-point plateau and it may extend its losses again on Wednesday.
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4 days ago
Japan Stock Market May Extend Losing Streak
The Japanese stock market has finished lower in back-to-back sessions, slumping almost 190 points or 0.3 percent along the way. The Nikkei 225 now sits just above the 66,215-point plateau and it may take further damage again on Wednesday.
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4 days ago
South Korea Consumer Prices Rise 0.2% In August
Consumer prices in South Korea were up a seasonally adjusted 0.2 percent on month in August, Statistics Korea said on Wednesday.
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4 days ago
Win Streak May End For South Korea Shares
The South Korea stock market has finished higher in two straight sessions, collecting more than 45 points or 0.7 percent along the way. The KOSPI now sits just above the 6,835-point plateau although it may run out of steam on Wednesday.
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4 days ago
New Zealand Building Permits Sink 4.3% In July
The total number of building permits issued in New Zealand was down a seasonally adjusted 4.3 percent on month in July, Statistics New Zealand said on Wednesday - coming in at 3,579.
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4 days ago
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New Zealand Rate Decision Due On Wednesday
The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBA is expected to hike its Official Cash Rate by 25 basis points, to 2.75 percent from 2.50 percent.
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4 days ago
U.S. Dollar Advances Amid Increasing Expectations Of A Fed Rate Hike
The U.S. Dollar value edged higher as crude oil prices skyrocketed after the U.S. announced fresh wave of strikes against Iran following the weekend attacks. With Strait of Hormuz shut, inflation concerns rising, expectations of a rate hike by the U.S. Federal Reserve has soared.
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5 days ago
Canadian Market Down Sharply; Technology, Materials Stocks Tumble
The Canadian market looks headed for a weak close on Tuesday with stocks from several sectors reeling under severe selling pressure amid rising concerns about Middle East tensions and the potential impact of the conflict on interest rates and growth outlook.
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5 days ago
Swiss Market Closes Higher Boosted By Novartis MS Drug Results
Switzerland's SMI benchmark index gained 48.36 points to close at 14,334.79 Tuesday, supported by Novartis climbing 6.25% following positive remibrutinib multiple sclerosis trial data. Strong July retail sales helped offset geopolitical and economic concerns.
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5 days ago
European Stocks Close Lower On Geopolitical Tensions, Weak Economic Data
European stocks closed weak on Tuesday, weighed down by concerns about inflation and interest rates as oil prices climbed higher and bond yields rose amid the ongoing conflict between Iran and the U.S. Weak German retail sales data and a report showing an acceleration in Eurozone inflation hurt as well.
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5 days ago
U.S. Construction Spending Unexpectedly Falls 0.5% In July
Partly reflecting a steep drop in spending on residential construction, the Commerce Department released a report on Tuesday showing construction spending in the U.S. unexpectedly decreased in the month of July. The report said construction spending fell by 0.5 percent to an annual rate of $2.158 trillion in July after coming in virtually unchanged at a revised rate of $2.168 trillion in June.
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5 days ago
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