The Taiwan stock market has moved lower in back-to-back sessions, dropping more than 570 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just above the 23,080-point plateau although it may find support on Friday. The global forecast for the Asian markets is murky as the U.S. markets were shuttered on...
The China stock market on Thursday wrote a finish to the two-day winning streak in which it had improved almost 25 points or 0.8 percent. The Shanghai Composite Index now sits just above the 3,210-point plateau although it may tock back to the upside on Friday. The global forecast for the Asian markets is murky...
The average of household spending in Japan was down 0.4 percent on year in November, the Ministry of Internal Affairs and Communications said on Friday - coming in at 295,518 yen. That beat forecasts for a decline of 0.6 percent following the 1.3 percent contraction in October. On a seasonally adjusted monthly basis, household spending...
The Hong Kong stock market has finished lower in four straight sessions, retreating more than 520 points or 2.8 percent along the way. The Hang Seng Index now sits just above the 19,240-point plateau although its due for support on Friday. The global forecast for the Asian markets is murky as the U.S. markets were...
Asian stocks were mixed on Wednesday as fresh signs of a resilient U.S. economy clouded the outlook for U.S. rate cuts in 2025. Treasuries were steady after falling across the curve in the previous session. The U.S. governments monthly auction of 10-year notes drew the highest yield since 2007 after the release of upbeat U.S....
Indian shares look set to open on a cautious note Wednesday after initial estimates from the government showed the Indian economy is set to grow at the slowest pace in 4 years in the fiscal year 2024-25. Gross domestic product is expected to grow 6.4 percent in the financial year ending March 31, marking the...
Indian shares opened slightly lower on Wednesday as upbeat U.S. economic data prompted traders to pare rate cut bets. The benchmark S&P/BSE Sensex was down 110 points, or 0.1 percent, at 78,092 in early trade, tracking a firmer dollar and elevated bond yields in international markets. The broader NSE Nifty index dropped 25 points, or...
Australias consumer price inflation accelerated in November largely due to the timing of electricity rebate, the Australian Bureau of Statistics said on Wednesday. Headline inflation rose to 2.3 percent in November from 2.1 percent in October. Inflation was slightly above economists forecast of 2.2 percent. However, annual trimmed mean inflation eased to 3.2 percent from...
European stocks are seen opening broadly lower on Wednesday, though U.K. markets may open on a steady note as oil extended overnight gains on signs of tight supply from Russia and OPEC members. Technology stocks may come under selling pressure due to inflation concerns and disappointment in Nvidias new technology. Asian stocks traded mixed, with...
The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as a slowing Core CPI renewed hopes of a rate cut by the Reserve Bank of Australia in February. Data from the Australian Bureau of Statistics showed that the headline monthly Consumer Price Index increasing by 2.3 percent annually in November...