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Higher Open Predicted For Indonesia Stock Market
The Indonesia stock market has tracked lower in two straight sessions, dropping almost 45 points or 0.7 percent along the way. The Jakarta Composite Index now rests just beneath the 6,770-point plateau although it's expected to find traction on Wednesday.
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Australian Market Sharply Higher
The Australian stock market is trading sharply higher on Wednesday, snapping a four-session losing streak, with the benchmark S&P/ASX 200 moving above the 7,100 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors, led by gold miners and technology stocks. Traders are also picking up stocks at a bargain following the recent losing streak.
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Hong Kong Stock Market Tipped To Halt Slide
The Hong Kong stock market has moved lower in two straight sessions, retreating more than 350 points or 1.7 percent along the way. The Hang Seng Index now sits just beneath the 19,100-point plateau although it's likely to open in the green on Wednesday.
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China Stock Market Due For Support On Wednesday
The China stock market has closed lower in four straight sessions, falling more than 100 points or 3.4 percent along the way. The Shanghai Composite Index now rests just above the 3,070-point plateau although it may get a lift from bargain hunters on Wednesday.
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Bargain Hunting May Boost Taiwan Stock Market
The Taiwan stock market has moved lower in four straight sessions, dropping more than 570 points or 4 percent along the way. The Taiwan Stock Exchange now rests just above the 14,170-point plateau although its due for support on Wednesday.
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Rebound Anticipated For Singapore Stock Market
The Singapore stock market headed south again on Tuesday, one day after ending the two-day losing streak in which it had dropped almost 40 points or 1.2 percent. The Straits Times Index now rests just beneath the 3,255-point plateau although it's likely to bounce higher again on Wednesday.
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Malaysia Shares May Find Traction On Wednesday
The Malaysia stock market has moved lower in back-to-back sessions, sinking almost a dozen points or 0.8 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,465-point plateau although it's expected to halt its slide on Wednesday.
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South Korea Stock Market May Halt Losing Streak
The South Korea stock market has finished lower in four straight sessions, sinking almost 70 points or 3 percent along the way. The KOSPI now rests just above the 2,330-point plateau although it may stop the bleeding on Wednesday.
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New Zealand Trade Data Due On Wednesday
New Zealand will on Wednesday release November numbers for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.
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New Zealand Has NZ$1.863 Billion Trade Shortfall In November
New Zealand posted a merchandise trade deficit of NZ$1.863 billion in November, Statistics New Zealand said on Wednesday.
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U.S. Dollar Slumps Versus Yen After Bank Of Japan Policy Shift
The value of the U.S. dollar has shown a notable decline during trading on Tuesday, with the greenback showing a particularly steep drop against the Japanese yen.
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Swiss Market Ends Notably Lower
The Switzerland stock market ended notably lower on Tuesday after staying weak right through the day's session.
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European Stocks Close Broadly Lower On Recession Fears
Despite coming off early lows, European stocks closed on a weak note on Tuesday as fears of a global economic recession due to constantly rising interest rates weighed on sentiment.
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