The Hong Kong stock market on Monday snapped the six-day losing streak in which it had plummeted more than 1,610 points or 7.6 percent. The Hang Seng Index now sits just above the 19,575-point plateau and its expected to open to the upside again on Tuesday. The global forecast for the Asian markets is cautiously...
The Indonesia stock market has finished lower in four straight sessions, shedding almost 190 points or 2.5 percent along the way. The Jakarta Composite Index now rests just beneath the 7,135-point plateau although it may stop the bleeding on Tuesday. The global forecast for the Asian markets is cautiously optimistic, with technology and oil stocks...
The Thai stock market on Monday ended the two-day losing streak in which it had slumped almost 10 points or 0.8 percent. The Stock Exchange of Thailand now sits just above the 1,450-point plateau and its got a positive lead again for Tuesdays trade. The global forecast for the Asian markets is cautiously optimistic, with...
Industrial production in China was up 5.3 percent on year in October, the National Bureau of Statistics said on Friday - slowing from 5.4 percent in September and missing expectations for 5.5 percent. Retail sales jumped an annual 4.8 percent, beating forecasts for 3.8 percent and up sharply from 3.2 percent in the previous month....
Indian stock markets remain closed today on account of Guru Nanak Jayanti. Benchmark indexes Sensex and Nifty ended marginally lower on Thursday, extending losses for a sixth straight session as foreign investors continued selling domestic equities. The rupee settled at a new low of 84.41 against the dollar. Domestic institutional investors (DIIs) bought shares worth...
Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders react to a bunch of upbeat economic data from the region, including upbeat GDP data from Japan. Regional gains remained very modest after the U.S. Fed said it would slash interest rates carefully amid inflation...
European stocks may open on a sluggish note Friday after Federal Reserve Chair Jerome Powell signaled a cautious approach on rate cuts, given persistent inflationary pressures. Asian stocks traded mixed, with Japanese markets leading regional gains as weak GDP data dampened expectations for more rate hikes by the Bank of Japan. Chinese stocks were declining...
The U.S. Food and Drug Administration approved PTC Therapeutics, Inc.s Kebilidi (eladocagene exuparvovec-tneq) gene therapy for the treatment of aromatic L-amino acid decarboxylase or AADC deficiency. Kebilidi is the first FDA-approved gene therapy for the deficiency. PTC shares gained around 8.5 percent in the extended trading on the Nasdaq on Thursday, at $45.97. AADC deficiency...
Shares of Dominos Pizza Inc. and swimming pool supplier Pool Corp. gained significantly in the extended trading in New York on Thursday after billionaire investor Warren Buffetts Berkshire Hathaway Inc. took stake in them. In the pre-market activity, Dominos shares were moving up 8 percent and Pool shares were up 7 percent. Meanwhile, the Omaha,...
The British pound weakened against other major currencies in the European session on Friday, after data showed a sharp slowdown in the third quarter growth. Data from the Office for National Statistics showed that the U.K. economy grew only marginally in the third quarter on weak services output. Gross domestic product grew 0.1 percent sequentially,...