BoJ Minutes On Tap For Thursday
(RTTNews) - The Bank of Japan will on Thursday release the minutes from its monetary policy meeting on July 30-31, highlighting a light day for Asia-Pacific economic activity.
At the meeting, the BoJ raised its benchmark rate by 15 basis points and also announced its plan to reduce bond purchases to around JPY 3 trillion by the first quarter of 2026.
Singapore will provide August figures for industrial production; in July, production was up 10.1 percent on month and 1.8 percent on year.
Hong Kong will see August data for imports, exports and trade balance. In July, imports were up 9.9 percent on month and exports jumped 13.1 percent for a trade deficit of HKD21.8 billion.
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Asian Markets A Sea Of Red
Asian stock markets are a sea of red on Monday, following the broadly negative cues from Wall Street on Friday, as stronger than expected US employment data weighed heavily on the outlook for interest rates. It raised concerns the US Fed will likely hold interest rates at current levels or slow down the pace of reductions. Rising bond yields also hurt. Asian markets closed mostly lower on Friday.
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5h 44min ago
Indian Shares Likely To Open Lower On Weak Global Cues
Lower GIFT Nifty futures, and weak global cues amid uncertainty about the outlook for interest rate cuts by the Federal Reserve following upbeat non-farm payroll data point to a negative start for Indian shares on Monday.
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5h 50min ago
Australian Market Drifts Further Lower In Mid-market
The Australian stock market is drifting further lower in mid-market trading on Monday, also adding to the losses in the previous two sessions, with the benchmark S&P/ASX 200 index falling well below the 8,200.00 level, with weakness in financial and technology stocks, partially offset by gains in mining and energy stocks amid spiking commodity prices.
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6h 19min ago
Thai Stock Market Expected To Open In The Red
The Thai stock market on Friday snapped the two-day slide in which it had stumbled almost 30 points or 2.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,370-point plateau although it figures to head south again on Monday.
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6h 59min ago
Indonesia Bourse May Hand Back Friday's Gains
The Indonesia stock market on Friday wrote a finish to the two-day slide in which it had slumped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just beneath the 7,090-point plateau although it's expected to turn lower again on Monday.
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7h 29min ago
Australian Market Significantly Lower
The Australian stock market is currently trading significantly lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,200.00 level, with weakness in financial and technology stocks, partially offset by gains in mining and energy stocks amid spiking commodity prices.
RTTNews
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7h 36min ago
Hong Kong Shares Tipped To Open To The Downside
The Hong Kong stock market has finished lower in five straight sessions, retreating more than 700 points or 3.7 percent along the way. The Hang Seng Index now sits just above the 19,060-point plateau and it's expected to extend its misery when it opens on Monday.
RTTNews
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7h 44min ago
Lower Open Anticipated For China Stock Market
The China stock market has moved lower in two straight sessions, slumping more than 60 points or 2 percent in that span. The Shanghai Composite Index now sits just beneath the 3,170-point plateau and it's expected to see continued consolidation again on Monday.
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7h 59min ago
