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Higher Open Anticipated For Indonesia Stock Market
The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gathered more than 80 points or 1.2 percent. The Jakarta Composite Index now rests just above the 7,185-point plateau although it's expected to bounce higher again on Thursday.
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Australian Market Modestly Higher
The Australian stock market is modestly higher on Thursday, recouping some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying below the 6,800 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors, led by technology and materials stocks, partially offset by weakness in energy stocks after crude oil prices tumbled.
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Australia Has A$8.733 Billion Trade Surplus In July
Australia posted a seasonally adjusted merchandise trade surplus of A$8.733 billion in July, the Australian Bureau of Statistics said on Thursday.
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Hong Kong Bourse Poised To Halt Losing Streak
The Hong Kong stock market has moved lower in five straight sessions, tumbling more than 900 points or 4.5 percent along the way. The Hang Seng Index now rests just beneath the 19,050-point plateau although it's overdue for support on Thursday.
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China Stock Market Tipped To Add To Its Winnings
The China stock market has finished higher in four straight sessions, advancing more than 60 points or 1.9 percent along the way. The Shanghai Composite Index now rests just shy of the 3,250-point plateau and it's expected to continue its winning run.
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Japan Has Y229.0 Billion Current Account Surplus
Japan posted a current account surplus of 229.0 billion yen in July, the Ministry of Finance said on Thursday - down 86.6 percent from a year ago.
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Japan Bank Lending Climbs 1.9% On Year In August
The value of overall bank lending in Japan was up 1.9 percent on year in August, the Bank of Japan said on Thursday - coming in at 587.929 trillion yen.
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Rebound Anticipated For Taiwan Stock Market
The Taiwan stock market headed south again on Wednesday, one day after halting the three-day losing streak in which it had stumbled more than 425 points or 3 percent. The Taiwan Stock Exchange now rests just above the 14,410-point plateau, although it's expected to see renewed support on Thursday.
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Japan GDP Jumps 3.5% On Year In Q2
Japan's gross domestic product expanded an annualized 3.5 percent on year in the second quarter of 2022, the Cabinet Office said on Thursday - beating expectations for a gain of 2.9 percent and up from 0.1 percent in the previous three months.
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Singapore Stock Market Tipped To Erase Wednesday's Losses
The Singapore stock market on Wednesday ended the two-day winning streak in which it had gathered almost 20 points or 0.6 percent. The Straits Times Index now rests just above the 3,210-point plateau, although it's expected to rebound again on Thursday.
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Malaysia Stock Market May Check Resistance At 1,500 Points
The Malaysia stock market on Wednesday wrote a finish to the four-day losing streak in which it had stumbled almost 25 points or 1.6 percent. The Kuala Lumpur Composite Index new rests just above the 1,490-point plateau and it may add to its winnings on Thursday.
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Renewed Support Anticipated For South Korea Shares
The South Korea stock market headed south again on Wednesday, one session after snapping the three-day losing streak in which it had dropped almost 70 points or 2.9 percent. The KOSPI now rests just above the 2,375-point plateau although it's expected to bounce higher again on Thursday.
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Japan GDP Data Due On Thursday
Japan will on Thursday release final Q2 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GDP is expected to rise 0.7 percent on quarter and 2.9 percent on year following the flat quarterly reading and the 0.1 percent annualized gain.
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