The South Korea stock market on Tuesday ended the four-day losing streak in which it had slumped more than 100 points or 3.6 percent. The KOSPI now sits just beneath the 2,775-point plateau and it\'s likely to remain in that neighborhood again on Wednesday. The global forecast for the Asian markets is flat with a...
The Malaysia stock market bounced higher again on Tuesday, one day after ending the three-day winning streak in which it had gathered more than 10 points or 0.7 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,630-point plateau although it figures to head south again on Wednesday. The global forecast for the...
The manufacturing sector in Australia continued to contract in July, albeit at a slower rate, the latest survey from Judo Bank revealed on Wednesday with a manufacturing PMI score of 47.4. That\'s up from 47.2 in June, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. Input costs increased, but...
The Taiwan stock market on Tuesday ended the four-day losing streak in which it had plummeted more than 1,700 points or 7.6 percent. The Taiwan Stock Exchange now sits just above the 22,870-point plateau and it may open higher again on Wednesday. The global forecast for the Asian markets is flat with a touch of...
The manufacturing sector in Japan slipped into contraction territory in July, the latest reading from Jibun Bank revealed on Wednesday with a manufacturing PMI score of 49.2. That\'s down from 50.0, and it falls beneath that mark that separates expansion from contraction. The survey also showed that the services PMI improved to 53.9 from 49.4...
The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Monday, as Asian stocks fell amid uncertainties about the outcome of the upcoming U.S. presidential election and a surprise rate cut by China\'s central bank also weighed on the currencies. Investors remain concerned...
European stocks closed higher on Monday with investors assessing the likely impact of the latest political developments in the U.S. on global political and trade fronts. The dollar slid while Treasuries rose as investors weighed the implications of U.S. President Joe Biden\'s exit from the presidential election race. Amid growing calls within his Democratic Party...
The U.S. dollar turned in a weak performance on Monday amid political uncertainty in the U.S. after President Joe Biden decided to drop out of the presidential race and endorsed his Vice President Kamala Harris as the Democratic candidate for the post. Traders also reacted to the People\'s Bank of China\'s decision to cut its...
After posting losses in the previous three sessions, the Canadian market closed on a firm note on Monday, as investors picked up stocks amid hopes the Bank of Canada will reduce interest rates on Wednesday. The Canadian central bank, which is scheduled to announce its monetary policy on Wednesday, is widely expected to ccut its...
Producer prices in South Korea were down a seasonally adjusted 0.1 percent on month in June, the Bank of Korea said on Tuesday - following a 0.1 percent increase in May. Individually, prices for agricultural, forestry and marine products fell 2.8 percent on month, while manufacturing products were flat, utilities eased 0.1 percent and services...