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Hang Seng May Be Stuck In Neutral On Tuesday
The Hong Kong stock market has tracked higher in consecutive trading days, advancing more than 180 points or 0.7 percent along the way. The Hang Seng Index now sits just above the 24,210-point plateau although it may spin its wheels on Tuesday.
The global forecast for the Asian markets is weak thanks to renewed hostilities in the Middle East and weakness among the technology companies. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.
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58 days ago
Mild Upside Seen For China Stock Market
The China stock market has moved lower in two straight sessions, sinking more than 120 points or 3 percent along the way. The Shanghai Composite Index now sits just above the 3,910-point plateau although it may stop the bleeding on Tuesday.
The global forecast for the Asian markets is weak thanks to renewed hostilities in the Middle East and weakness among the technology companies. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.
The SCI finished sharply lower on Monday following losses from the financial shares, property stocks and resource companies.
For the day, the index plunged 82.37 points or 2.06 percent to finish at 3,913.79 after trading between 3,900.67 and 3,983.05. The Shenzhen Composite Index crashed 107.40 points or 4.01 percent to end at 2,568.09.
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59 days ago
Australian Markets Modestly Lower
The Australian stock market is modestly lower on Tuesday, after the relatively flat close in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 index is falling below the 8,800 level, with weakness in mining and financial stocks partially offset by gains in energy stocks.
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59 days ago
Tech Shares May Weigh On Taiwan Stock Market
The Taiwan stock market has finished higher in two of three trading days since the end of the two-day slide in which it had dropped more than 1,300 points or 2.9 percent. The Taiwan Stock Exchange sits just above the 45,380-point plateau although it figures to head south again on Tuesday.
The global forecast for the Asian markets is weak thanks to renewed hostilities in the Middle East and weakness among the technology companies. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.
RTTNews
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59 days ago
Singapore Bourse Overdue For Consolidation
The Singapore stock market has finished higher in seven straight sessions, gathering more than 300 points or 6 percent along the way. The Straits Times Index now sits just above the 5,470-point plateau although it may run out of steam on Tuesday.
The global forecast for the Asian markets is weak thanks to renewed hostilities in the Middle East and weakness among the technology companies. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.
RTTNews
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59 days ago
Malaysia Stock Market Due For Profit Taking
The Malaysia stock market has finished higher in back-to-back sessions, collecting more than 20 points or 1.2 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,700-point plateau although investors figure to lock in gains on Tuesday.
The global forecast for the Asian markets is weak thanks to renewed hostilities in the Middle East and weakness among the technology companies. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.
RTTNews
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59 days ago
Steady Start Eyed For Japan Stock Market
The Japan stock market on Monday ended the two-day winning streak in which it had advanced almost 1,750 points or 2.6 precent. The Nikkei 225 now sits just beneath the 67,250-point plateau and it may find traction on Tuesday.
The global forecast for the Asian markets is weak thanks to renewed hostilities in the Middle East and weakness among the technology companies. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.
RTTNews
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59 days ago
more news
Bargain Hunting May Boost KOSPI On Tuesday
The South Korea stock market emphatically halted the two-day winning streak in which it had jumped almost 230 points or 3.1 percent. The KOSPI now sits just above the 6,800-point plateau and it's likely to see a technical rebound on Tuesday.
The global forecast for the Asian markets is weak thanks to renewed hostilities in the Middle East and weakness among the technology companies. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.
RTTNews
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59 days ago
China Trade Data Due On Tuesday
China will on Tuesday release June figures for imports, exports, trade balance and new loans, highlighting a modest day for Asia-Pacific economic activity.
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59 days ago
U.S. Dollar Advances Amid U.S.-Iran Attacks, Strait Of Hormuz Closure
The U.S. Dollar value edged higher as U.S. and Iran engaged in a military confrontation over the weekend with Iran shutting the Strait of Hormuz bringing back crude oil supply-related concerns and consequent inflationary threats.
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59 days ago
Dollar Index Edges Up Amidst Rate Cues, War Cries
The U.S. Dollar recorded a mixed performance against major currencies during the week ended July 10 as uncertainty about the Federal Reserve's monetary policy trajectory as well as safe haven demand triggered by the reignited Middle East conflict swayed market sentiment.
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59 days ago
Canadian Market May Open With Negative Bias
Stocks may open with a negative bias on Bay Street Monday morning amid renewed fears about inflation and interest rates as oil prices are up sharply following the U.S. launching fresh strikes against Iran and the latter responding by attacking Gulf Arab states.
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59 days ago
FTSE 100 Down Marginally; Page Group Soars On Higher Earnings
The UK stock market was down slightly a little past noon on Monday as investors made cautious moves amid rising tensions in the Middle East.
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59 days ago
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