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Asian Shares Extend Losses On Fed, US-China Trade Jitters
Asian stocks ended mostly lower on Tuesday to extend recent losses amid worries about relentless Federal Reserve tightening and the escalation of the conflict in Ukraine following heavy Russian attacks.
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UK Jobless Rate Falls Unexpectedly
The UK jobless rate eased unexpectedly to the lowest since 1974 and more people dropped out of workforce making it difficult for businesses to find employees to fill vacancies, official data showed Tuesday. The jobless rate fell to 3.5 percent in three months to August from 3.6 percent in three months to July, the Office for National Statistics reported.
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European Shares Set To Extend Losses On Risk Aversion
European stocks look set to extend recent losses on Tuesday as renewed worries about interest rate rises and an escalation in the Ukraine war sapped investors' appetite for riskier assets.
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European Economics Preview: UK Unemployment Data Due
Labor market statistics from the UK is due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK labor market statistics. The ILO jobless rate is seen at 3.6 percent in three months to August, unchanged from three months to July.
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Sensex, Nifty Modestly Lower In Early Trade
Indian shares were seeing modest losses in early trade on Tuesday, mirroring weak cues from global markets amid a flare-up in COVID-19 cases in China and escalating tensions between Russia and Ukraine.
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Asian Markets Mostly Lower On Global Cues
Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from global markets overnight, amid the geopolitical worries surrounding the Russia-Ukraine war and the U.S.-China chip war. The sign of fresh COVID outbreaks in China and fresh lockdowns and travel restrictions is also weighing on market sentiment. Asian markets closed mostly lower on Monday.
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Sensex, Nifty Likely To Open On Steady Note, IT Stocks In Focus
Indian shares look set to open on a steady note Tuesday despite sluggish global cues.
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Losing Streak May Continue For Thai Stock Market
The Thai stock market has moved lower in consecutive trading days, sinking almost 20 points or 1.3 percent along the way. The Stock Exchange of Thailand now rests just above the 1,570-point plateau and it may extend its losses on Tuesday.
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Japanese Market Tumbling; Down 2%
The Japanese stock market is sharply lower on Tuesday after the long weekend, extending the losses in the previous session, with the Nikkei 225 slipping more than 600 points to below the 26,600 level, following the broadly negative cues from global markets overnight, amid heightened geopolitical tensions involving Russia-Ukraine and the U.S.-China and rising risk of a global recession.
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Lower Open Anticipated For Indonesia Stock Market
The Indonesia stock market has tracked lower in two straight sessions, sliding more than 80 points or 1.2 percent along the way. The Jakarta Composite Index now rests just beneath the 7,000-point plateau and it's expected to open in the red again on Tuesday.
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Australia Building Approvals Surge 28.1% In August
The total number of building permits issued in Australia was up a seasonally adjusted 28.1 percent on month in August, the Australian Bureau of Statistics said on Tuesday - coming in at 17,497.
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Oversold Hang Seng Nonetheless Called To Open Lower
The Hong Kong stock market has finished lower in three straight sessions, plummeting almost 875 points or 5 percent along the way. The Hang Seng Index sits just above the 17,210-point plateau and it's expected to open under pressure again on Tuesday.
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Australian Market Modestly Higher
The Australian stock market modestly higher on Tuesday, recouping some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 moving to nearly the 6,700 level, despite the broadly negative cues from global markets overnight, with strong gains in mining stocks amid a spike in metal prices.
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