China Automotive Systems Boosts FY22 Revenue Guidance - Update
(RTTNews) - While reporting financial results for the third quarter on Monday, vehicle parts supplier China Automotive Systems, Inc. (CAAS) raised its revenue guidance for the full-year 2022 to $540 million from the prior guidance of $500 million, based on the company's current views on operating and market conditions, which are subject to change.
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Sensex, Nifty Decline Amid Trump's Tariff Threats
Indian shares opened lower on Monday as Chinese industrial profits and manufacturing data disappointed, and the U.S. and Colombia pulled back from the brink of a trade war.
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Asian Markets Trade Mixed
Asian stock markets are trading mixed on Monday, following the broadly positive cues from Wall Street on Friday, paring early gains after the release of disappointing Chinese industrial profits, manufacturing and non-manufacturing data. Traders also remain cautious ahead of the monetary policy decisions from the US Fed and the European Central Bank later in the week.
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Sensex, Nifty Likely To Drift Lower In Cautious Trade
Indian shares look set to open a tad lower on Monday after declining for three straight weeks in a row.
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Japanese Market Notably Lower
The Japanese stock market is notably lower on Monday after opening in the green, extending the losses in the previous session, with the Nikkei 225 is falling well below the 39,800 level, following the broadly negative cues from Wall Street on Friday, with weakness index heavyweights and technology stocks partially offset by gains in financial stocks.
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China Manufacturing PMI Ebbs In January - NBS
The manufacturing sector in China fell into contraction in January, the latest survey from the National Bureau of Statistics said on Monday with a manufacturing PMI score of 49.1.
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Thai Stock Market May Head South Again On Monday
The Thai stock market bounced higher again on Friday, one day after ending the two-day winning streak in which it had improved more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just beneath the 1,355-point plateau although it figures to see renewed consolidation on Monday.
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Soft Start Anticipated For Hong Kong Stock Market
The Hong Kong stock market on Friday wrote a finish to the two-day slide in which it had slumped more than 400 points or 2 percent. The Hang Seng now sits just above the 20,060-point plateau although it may hand back some of those gains on Monday.
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China Stock Market May Run Out Of Steam On Monday
The China stock market has finished higher in two straight sessions, improving almost 40 points or 1.2 percent along the way. The Shanghai Composite Index now rests just above the 3,250-point plateau although the rally may stall on Monday.
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