The Hong Kong stock market has moved lower in two straight sessions, slumping almost 340 points or 2 percent in that span. The Hang Seng Index now sits just above the 17,650-point plateau and its likely in store for more pain on Wednesday. The global forecast for the Asian markets is broadly negative on concerns...
The Indonesia stock market on Tuesday snapped the two-day winning streak in which it had advanced almost 70 points or 0.9 percent. The Jakarta Composite Index now sits just above the 7,615-point plateau and its expected to open in the red again on Wednesday. The global forecast for the Asian markets is broadly negative on...
Australias gross domestic product expanded a seasonally adjusted 0.2 percent on quarter in the second quarter of 2024, the Australian Bureau of Statistics said on Wednesday - in line with expectations and accelerating from 0.1 percent in the previous quarter. On a yearly basis, GDP added 1.0 percent - again matching forecasts and slowing from...
The services sector in China continued to expand in August, albeit at a slower pace, the latest survey from Caixin revealed on Wednesday with a services PMI score of 51.6. Thats down from 52.1 in July but remains above the boom-or-bust line of 50 that separates expansion from contraction. Service activity expansion was sustained by...
The private sector in Hong Kong continued to contract in August, and at a faster pace, the latest survey from S&P Global revealed on Wednesday with a PMI score of 49.4. Thats down from 49.5 in July and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction. Business activity in...
The Thai stock market has alternated between positive and negative finishes through the last six trading days in which it had picked up more than 40 points or 3 percent. The Stock Exchange of Thailand now sits just beneath the 1,365-point plateau and it figures to head south again on Wednesday. The global forecast for...
The total number of building permits issued in Australia was up a seasonally adjusted 10.4 percent on month in July, the Australian Bureau of Statistics said on Monday - coming in at 14,797. That beat forecasts for an increase of 2.4 percent following the 6.5 percent contraction in June. Permits for private sector houses rose...
Indian shares moved in a narrow range on Monday before finishing closing modestly higher, led by IT, FMCG and banking stocks. Overall gains were capped due to weak global cues as investors looked ahead to the release of the U.S. jobs report due later in the week for additional clues on the Feds rate cut...
Swedish commercial vehicle major AB Volvo announced the planned launch of next-generation heavy-duty electric truck with 600 km range. The new long-range version of Volvo FH Electric will be released for sale during the second half of 2025. According to the company, the longer range represents a breakthrough for long-distance transport with zero tailpipe emissions....
Asian stocks ended on a subdued note Tuesday as investors awaited more U.S. economic data, including Fridays non-farm payrolls report for August to gauge the size of the Federal Reserves rate cut later this month. Signs of sluggish demand in China and heightened tensions in the Middle East also weighed on regional markets. Oil and...