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...
New Zealand will on Monday release June figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In May, imports were worth NZ$6.95 billion and exports were at NZ$7.16 billion for a trade surplus of NZ$204 million. Taiwan will provide June data for export orders and unemployment; in May, orders...
New Zealand posted a merchandise trade surplus of NZ$699 million in June, Statistics New Zealand said on Monday. That beat forecasts for a surplus of NZ$294 million following the downwardly revised NZ$54 million surplus in May (originally NZ$204 million). Exports were worth NZ$6.17 billion, easing from the downwardly revised NZ$7.00 billion in the previous month...
The South Korea stock market has tracked lower in three straight sessions, slumping more than 70 points or 2.4 percent along the way. The KOSPI now sits just beneath the 2,800-point plateau and it\'s expected to open under water again on Monday. The global forecast for the Asian markets is negative, with oil and technology...