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Asian Markets A Sea Of Red On Global Cues
Asian stock markets are a sea of red on Friday, following the broadly negative cues from global markets overnight, amid continuing concerns about the impending recession and the global economic outlook following the recent aggressive interest rate hikes by the US Fed and other major central banks. Asian markets ended mostly lower on Thursday.
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Sensex, Nifty Set To Extend Losses As Yields Surge
Indian shares may open lower on Friday, tracking weak global markets on concerns about the impact the aggressive rate increases will have on the global economy.
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Thai Bourse May Hand Back Thursday's Gains
The Thai stock market bounced higher again on Thursday, one day after ending the two-day winning streak in which it had gathered almost 10 points or 0.7 percent. The Stock Exchange of Thailand now rests just above the 1,645-point plateau although it's likely to encounter renewed selling pressure on Friday.
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Indonesia Stock Market Expected To Open Lower On Friday
The Indonesia stock market bounced higher again on Thursday, one session after ending the two-day winning streak in which it had picked up almost 30 points or 0.4 percent. The Jakarta Composite Index now rests just shy of the 7,220-point plateau although it's likely to hand back those gains on Friday.
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Australia Manufacturing PMI Inches Higher In September - S&P Global
The manufacturing sector in Australia continued to expand in September, and at a fractionally higher pace, the latest survey from S&P Global revealed on Friday with a Manufacturing PMI score of 53.9.
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South Korea Producer Prices Slip 0.3% In August
Producer prices in South Korea were down 0.3 percent on month in August, the Bank of Korea said on Friday, reversing a 0.3 percent monthly increase in July.
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Australian Market Tumble
The Australian stock market is tumbling in post-holiday trading on Friday, extending the losses in the previous session, with the benchmark S&P/ASX 200 falling below the 6,600 level, following the broadly negative cues from global markets overnight, as traders digested the US Fed's interest rate hike, with weakness across most sectors, led by technology stocks. Resource stocks are the only bright
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No Help Yet For Hong Kong Stock Market
The Hong Kong stock market has moved lower in two straight sessions, tumbling more than 630 points or 3.3 percent along the way. Now at an 11-year closing low, the Hang Seng Index sits just beneath the 18,150-point plateau and it's tipped to open lower again on Friday.
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China Stock Market May Test Support At 3,100 Points
The China stock market has moved lower in back-to-back session, slipping almost 15 points or 0.5 percent along the way. The Shanghai Composite Index now sits just beneath the 3,110-point plateau and it's likely to see continued consolidation on Friday.
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Tech Shares Likely To Weigh On Taiwan Stock Market
The Taiwan stock market has tracked lower in two straight sessions, sinking more than 260 points or 1.9 percent along the way. The Taiwan Stock Exchange now rests just beneath the 14,285-point plateau and it's tipped to open under pressure again on Friday.
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Renewed Selling Pressure Likely For Singapore Shares
The Singapore stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day slide in which it had fallen almost 25 points or 0.8 percent. The Straits Times Index now rests just above the 3,260-point plateau although it figures to head south again on Friday.
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Soft Start Predicted For Malaysia Stock Market
The Malaysia stock market has finished lower in consecutive trading days, slumping more than 20 points or 1.3 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,440-point plateau and it may extend its losses on Friday.
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South Korea Bourse May Extend Losing Streak
The South Korea stock market has tracked lower in back-to-back sessions, slipping more than 35 points or 1.5 percent along the way. The KOSPI now rests just above the 2,330-point plateau and it's tipped to open in the red again on Friday.
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