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Losing Streak May Continue For Indonesia Stock Market
The Indonesia stock market has moved lower in back-to-back sessions, dropping almost 80 points or 1.1 percent along the way. The Jakarta Composite Index now rests just above the 7,490-point plateau and it's looking at another soft start again on Friday.
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Australian Market Modestly Lower
The Australian stock market is modestly lower on Friday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,200 level, with weakness in iron ore miners and financial stocks partially offset by gains in gold miners, technology and energy stocks amid spike in crude oil and gold prices.
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China Bourse Still Overdue For Profit Taking
The China stock market bounced higher again on Thursday, one day after ending the 10-day winning streak in which it had skyrocketed more than 780 points or 27.9 percent. The Shanghai Composite now sits just above the 3,300-point plateau and it may open under pressure on Friday.
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Taiwan Stock Market May Hand Back Thursday's Gains
Ahead of Thursday's holiday for National Day, the Taiwan stock market had alternated between positive and negative finishes through the last five trading days since the end of the two-day slide in which it had dropped more than 630 points or 2.9 percent. The Taiwan Stock Exchange now rests just beneath the 22,660-point plateau and it's expected to remain rangebound again on Friday.
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Japan M2 Money Stock Climbs 1.3% On Year In September
The M2 money stock in Japan was up 1.3 percent on year in September, the Bank of Japan said on Friday - coming in at 1,252.0 trillion yen.
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Singapore Shares May Take Further Damage On Friday
The Singapore stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had picked up more than 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,585-point plateau and it may extend Thursday's losses on Friday.
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Renewed Selling Pressure Likely For Malaysia Stock Market
The Malaysia stock market moved back to the upside again on Thursday, one day after ending the two-day winning streak in which it had picked up almost 6 points or 0.4 percent. The Kuala Lumpur Composite Index now rests just above the 1,640-point plateau although it figures to head south again on Friday.
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Soft Start Anticipated For South Korea Shares
The South Korea stock market ticked higher again on Thursday, one session after ending the two-day winning streak in which it had picked up almost 50 points or 2 percent. The KOSPI now sits just beneath the 2,600-point plateau although it may turn lower again on Friday.
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South Korea Interest Rate Decision Due On Friday
The Bank of Korea will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate unchanged at 3.50 percent.
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TSX Rises To New High As Energy, Materials Stocks Post Strong Gains
The Canadian market climbed to a new record high on Thursday, lifted by gains in energy and materials sectors. The mood remained positive amid continued optimism about interest rate cuts by the Federal Reserve, although prospects of a 50-basis point cut dimmed after data showed a bigger than expected increase in U.S. consumer price inflation in the month of September.
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New Zealand Manufacturing PMI Improves To 46.9 In September - BusinessNZ
The manufacturing sector in New Zealand continued to contract in September, albeit at a slower pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 46.0.
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Canadian Market Up Slightly After Hitting New Record High
Energy and materials shares are turning in a fine performance in the Canadian market, which is trading slightly up Thursday afternoon. The upside is limited as data showing a bigger than expected increase in U.S. consumer prices in the month of September has dimmed the possibility of another aggressive interest rate cut by the Federal Reserve.
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Swiss Market Ends Modestly Lower
After opening marginally up Thursday morning, the Switzerland market moved in a tight range around the flat line till mid afternoon before drifting lower and finishing with a modest loss.
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