The South Korea stock market on Tuesday ended the two-day winning streak in which it had advanced more than 50 points or 2 percent. The KOSPI now sits just above the 2,520-point plateau although its expected to see renewed support on Wednesday. The global forecast for the Asian markets is upbeat on optimism over the...
The Singapore stock market has moved lower in back-to-back sessions, dropping almost 35 points or 0.9 percent along the way. The Straits Times Index now sits just above the 3,710-point plateau although its expected to stop the bleeding on Wednesday. The global forecast for the Asian markets is upbeat on optimism over the outlook for...
The Taiwan stock market on Tuesday snapped the two-day winning streak in which it had jumped almost 400 points or 1.8 percent. The Taiwan Stock Exchange now rests just beneath the 22,680-point plateau although its expected to bounce higher again on Wednesday. The global forecast for the Asian markets is upbeat on optimism over the...
The value of construction work done in Australia was up a seasonally adjusted 1.6 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday - coming in at A$73.344 billion. That beat expectations for an increase of 0.4 percent and was up from 0.1 percent in the three...
The Hong Kong stock market on Tuesday ended the three-day slide in which it had stumbled more than 550 points or 3 percent. The Hang Seng Index now sits just beneath the 19,160-point plateau and it may extend its gains on Wednesday. The global forecast for the Asian markets is upbeat on optimism over the...
The Indonesia stock market on Tuesday ended the two-day winning streak in which it had rallied almost 175 points or 2.5 percent. The Jakarta Composite Index now rests just beneath the 7,250-point plateau although its expected to open to the upside again on Wednesday. The global forecast for the Asian markets is upbeat on optimism...
The Thai stock market has moved lower in two straight sessions, slipping more than 8 points or 0.6 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,440-point plateau although its due for support on Wednesday. The global forecast for the Asian markets is upbeat on optimism over the outlook...
European stocks look set to open notably higher on Monday after U.S. President-elect Donald Trump picked hedge fund billionaire Scott Bessent as his Treasury Secretary, raising optimism he would recommend tariffs be layered in gradually. He has advocated, in a Bloomberg interview, for the U.S. to grow its way out of large debts and, in...
The U.S. dollar weakened against other major currencies in the Asian session on Monday amid risk appetite, following the broadly positive cues from Wall Street on Friday, boosted by strong gains in markets in Japan, Indonesia and South Korea as traders remain optimistic about a 25-basis point rate cut by the U.S. Fed in December...
Most Asian stocks rose on Monday, the dollar dipped, and bond yields declined after U.S. President-elect Donald Trump has chosen wealthy hedge fund manager Scott Bessent to be his Treasury secretary. Bessents reputation for stability and his past advocacy for gradual economic policies have calmed market nerves. Oil prices traded lower in Asian trading and...