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Taiwan Stock Market Due For Support On Thursday
The Taiwan stock market has closed lower in five straight sessions, slumping more than 675 points or 4.2 percent along the way. The Taiwan stock Exchange now rests just beneath the 16,000-point plateau although it's expected to stop the bleeding on Thursday.
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Japan Has Y2,384.7 Billion Shortfall In May
Japan posted a merchandise trade deficit of 2,384.7 billion yen in May, the Ministry of Economy, Trade and Industry said on Thursday.
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Singapore Stock Market Expected To Halt Losing Streak
The Singapore stock market has moved lower in six straight sessions, sinking more than 125 points or 4.1 percent along the way. The Straits Times Index now rests just above the 3,105-point plateau although it may find traction on Thursday.
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Rebound Predicted For Malaysia Stock Market
The Malaysia stock market turned lower again on Wednesday, one session after halting the eight-day losing streak in which it had lost more than 100 points or 6.9 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,460-point plateau although it figures to bounce higher again on Thursday.
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New Zealand GDP Sinks 0.2% In Q1
New Zealand's gross domestic product contracted by a seasonally adjusted 0.2 percent on quarter in the first quarter of 2022, Statistics New Zealand said on Thursday.
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South Korea Stock Market May Stop The Bleeding On Thursday
The South Korea stock market has finished lower in seven straight sessions, sinking more than 220 points or 8.4 percent along the way. Now at a fresh 19-month closing low, the KOSPI rests just beneath the 2,450-point plateau although it's due for bargain hunting on Thursday.
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South Korea Export Prices Spike 23.5% On Year In May
Export prices in South Korea jumped 23.5 percent on year in May, the Bank of Korea said on Thursday - accelerating from 22.0 percent in April.
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more news
Australia Jobless Data Due On Thursday
Australia will on Thursday release May figures for unemployment, highlighting a busy day for Asia-Pacific economic activity.
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TSX Snaps 5-day Losing Streak, Ends Modestly Higher
The Canadian market ended modestly higher on Wednesday, led by gains in healthcare, technology and consumer discretionary sectors.
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Dollar Rises After Fed Rate Decision, But Fails To Hold Gains
The U.S. dollar pared early losses and briefly climbed higher Wednesday afternoon after the Federal Reserve announced a sharp 75-basis point hike in interest rates, but retreated subsequently and shed ground against some of its major counterparts.
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Canadian Market Slips After Fed Hikes Interest Rate By 0.75%
The Canadian market, which opened on a positive note Wednesday morning and held above the unchanged line till a little while ago, slipped into negative territory after the Federal Reserve raised interest rates by 0.75%, the biggest hike at a single meeting since 1994.
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Federal Reserve Raises Interest Rates By The Most Since 1994
In an effort to combat elevated inflation, the Federal Reserve on Wednesday announced the biggest increase in interest rates in almost thirty years. The Fed revealed that it has decided to raise the target rate for the federal funds rate by 75 basis points to 1.50 to 1.75 percent, marking the biggest rate hike since 1994.
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ECB Plans New Tool To Tackle Fragmentation Risk In Eurozone
The European Central Bank said it will be flexible in reinvesting proceeds from the pandemic emergency bonds that are due to mature, and that it will create a new tool to address the fragmentation risk in the euro area after bond yields soared in the past few days, raising concerns of a debt crisis.
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