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Australian Market Significantly Lower
The Australian stock market significantly lower on Tuesday, extending the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling below the 7,100 level, following the broadly negative cues from Wall Street overnight, with weakness across most sectors, led by losses in resources and technology stocks.
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Losses May Accelerate For Hong Kong Stock Market
The Hong Kong stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had gathered almost 210 points or 1.1 percent. The Hang Seng Index now sits just above the 19,350-point plateau and it's likely to open in the red again on Tuesday.
The global forecast for the Asian markets is mixed to lower on concerns over the health of the global economy and the outlook for interest rates. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.
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No Help Yet For China Stock Market
The China stock market has moved lower in three straight sessions, falling almost 70 points or 2.3 percent along the way. The Shanghai Composite Index now rests just above the 3,100-point plateau and it's expected to extend its losses on Tuesday.
The global forecast for the Asian markets is mixed to lower on concerns over the health of the global economy and the outlook for interest rates. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.
The SCI finished sharply lower on Monday following losses from the financial shares, property stocks and resource companies.
For the day, the index tumbled 60.74 points or 1.92 percent to finish at 3,107.11 after trading between 3,096.10 and 3,170.26. The Shenzhen Composite Index dropped 36.32 points or 1.78 percent to end at 2,003.20.
Among the actives, Industrial and Commercial Bank of China shed 0.70 percent, while Bank of China dropped 0.94 percent, China Construction Bank skidded 1.06 percent, China Merchants Bank retreated 1.59 percent, Bank of Communications declined 1.47 percent, China Life Insurance tumbled 1.80 percent, Jiangxi Copper surrendered 2.46 percent, Aluminum Corp of China (Chalco) tanked 2.95 percent, Yankuang Energy stumbled 2.83 percent, PetroChina weakened 1.76 percent, China Petroleum and Chemical (Sinopec) slumped 2.25 percent, Huaneng Power plunged 2.11 percent, China Shenhua Energy lost 1.54 percent, Gemdale fell 1.82 percent, Poly Developments declined 1.56 percent, China Vanke dipped 0.15 percent and China Fortune Land plummeted 2.58 percent.
The lead from Wall Street is negative as the major averages fluctuated early Monday but then headed well into the red and finished under pressure.
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More Pain Predicted For Taiwan Stock Market
The Taiwan stock market has finished lower in three straight sessions, dropping more than 310 points or 2.2 percent along the way. The Taiwan Stock Exchange now rests just above the 14,430-point plateau and it's expected to open under pressure again on Tuesday.
The global forecast for the Asian markets is mixed to lower on concerns over the health of the global economy and the outlook for interest rates. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.
The TSE finished modestly lower on Monday following losses from the plastic and cement companies, while the financials and technology stocks were mixed.
For the day, the index lost 95.23 points or 0.66 percent to finish at 14,433.32 after trading between 14,411.81 and 14,493.72.
Among the actives, Cathay Financial dipped 0.12 percent, while Mega Financial lost 0.49 percent, CTBC Financial sank 0.90 percent, Fubon Financial improved 0.89 percent, First Financial collected 0.38 percent, E Sun Financial rose 0.21 percent, Taiwan Semiconductor Manufacturing Company dropped 0.96 percent, United Microelectronics Corporation plunged 3.05 percent, Hon Hai Precision advanced 1.00 percent, Largan Precision climbed 1.12 percent, Catcher Technology tumbled 1.74 percent, MediaTek shed 0.61 percent, Delta Electronics fell 0.34 percent, Novatek Microelectronics surrendered 1.75 percent, Formosa Plastics declined 1.48 percent, Nan Ya Plastics slumped 1.38 percent, Asia Cement retreated 1.43 percent and Taiwan Cement plummeted 2.17 percent.
The lead from Wall Street is negative as the major averages fluctuated early Monday but then headed well into the red and finished under pressure.
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Renewed Selling Pressure Expected For Singapore Stock Market
The Singapore stock market on Monday ended the two-day losing streak in which it had dropped almost 40 points or 1.2 percent. The Straits Times Index now rests just above the 3,255-point plateau although it's likely to head south again on Tuesday.
The global forecast for the Asian markets is mixed to lower on concerns over the health of the global economy and the outlook for interest rates. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.
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Malaysia Stock Market May Extend Monday's Losses
The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had stumbled almost 7 points or 0.5 percent. The Kuala Lumpur Composite Index now rests just above the 1,475-point plateau and it's expected to open under pressure again on Tuesday.
The global forecast for the Asian markets is mixed to lower on concerns over the health of the global economy and the outlook for interest rates. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.
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Losing Streak May Continue For South Korea Shares
The South Korea stock market has finished lower in three straight sessions, sinking almost 50 points or 2.2 percent along the way. The KOSPI now rests just above the 2,350-point plateau and it's predicted to open under pressure again on Tuesday.
The global forecast for the Asian markets is mixed to lower on concerns over the health of the global economy and the outlook for interest rates. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.
The KOSPI finished modestly lower on Monday following losses from the automobile producers and oil and chemical companies, while the financials and technology stocks were mixed.
For the day, the index shed 7.85 points or 0.33 percent to finish at 2,352.17 after trading between 2,342.28 and 2,358.76. Volume was 312.32 million shares worth 4.85 trillion won. There were 566 decliners and 303 gainers.
Among the actives, Shinhan Financial rose 0.13 percent, while KB Financial collected 0.58 percent, Hana Financial shed 0.45 percent, Samsung SDI plummeted 3.00 percent, LG Electronics fell 0.34 percent, SK Hynix gained 0.77 percent, Naver jumped 1.66 percent, LG Chem surrendered 1.86 percent, Lotte Chemical and POSCO both advanced 0.90 percent, S-Oil skidded 1.02 percent, SK Innovation dropped 0.88 percent, SK Telecom eased 0.10 percent, KEPCO retreated 1.62 percent, Hyundai Mobis tumbled 1.69 percent, Hyundai Motor tanked 2.15 percent, Kia Motors plunged 2.65 percent and Samsung Electronics was unchanged.
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TSX Ends Sharply Lower On Economic Concerns
Canadian stocks tumbled on Monday, extending recent losses, as fears of a global recession amid surging interest rates continued to weigh on sentiment.
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Japan Rate Decision On Tap For Tuesday
The Bank of Japan will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate unchanged at -0.10 percent.
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U.S. Stocks Close Lower Again As Growth Worries Weigh
U.S. stocks closed lower on Monday, extending losses to a fourth straight session, as rising concerns over a recession amid rising interest rates hurt sentiment.
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Swiss Market Fails To Hold Early Gains, Ends Flat
After a positive start, the Switzerland stock market briefly fell into the red around mid morning on Monday, and despite recovering and holding above the flat line till the end of the session, settled flat as investors refrained from making significant moves.
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European Stocks Close Higher On Bargain Hunting
European stocks closed higher on Monday, due largely to bargain hunting at several counters after last week's selloff. Data showing an a significant improvement in German business confidence in December helped a bit in lifting sentiment.
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Canadian Market Moderately Lower At Noon In Cautious Trade
After opening slightly up and advancing a bit, the Canadian market slipped into negative territory Monday morning, and is moderately lower around noon, weighed down by losses in healthcare, technology and materials sectors.
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