Japan Interest Rate Decision Due On Thursday
(RTTNews) - The Bank of Japan will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate unchanged at 0.25 percent.
New Zealand will release Q3 numbers for gross domestic product, with forecasts suggesting a contraction of 0.2 percent on quarter and 0.4 percent on year following the 0.2 percent decline on quarter and the 0.5 percent drop in the three months prior.
The de facto central bank in Taiwan will also announce its decision on interest rates; the bank is expected to hold its lending rate steady at 2.00 percent.
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Soft Start Called For China Stock Market
The China stock market on Wednesday ended the three-day losing streak in which it had retreated more than 100 points or 3 percent. The Shanghai Composite Index now rests just above the 3,380-point plateau although it's expected to open in the red on Thursday.
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5h 18min ago
Taiwan Stock Market May Hand Back Wednesday's Gains
The Taiwan 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 360 points or 1.5 percent. The Taiwan Stock Exchange now rests just beneath the 23,170-point plateau although it's tipped to see renewed consolidation on Thursday.
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5h 48min ago
More Pain Predicted For Singapore Stock Market
The Singapore stock market has moved lower in back-to-back sessions, falling more than 40 points or 1.1 percent along the way. The Straits Times Index now sits just shy of the 3,780-point plateau and the losses may accelerate on Thursday.
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6h 18min ago
Malaysia Bourse May Erase Wednesday's Gains
The Malaysia stock market on Wednesday ended the two-day slide in which it had dropped more than a dozen points or 0.8 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,600-point plateau although it's expected to open sharply to the downside on Thursday.
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6h 48min ago
Japan Bourse Expected To Extend Losing Streak
The Japanese stock market has finished lower in four straight sessions, declining almost 780 points or 2 percent in that span. The Nikkei 225 now rests just above the 39,080-point plateau and it's likely in store for more heavy selling on Thursday.
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7h 3min ago
Renewed Selling Pressure Expected For South Korea Shares
The South Korea stock market on Wednesday ended the two-day slide in which it had retreated almost 40 points or 1.4 percent. The KOSPI now rests just above the 2,480-point plateau although it's expected to head south again on Thursday.
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7h 18min ago
TSX Falls 2.2% As Stocks Tumble On Widespread Selling
Canadian stocks tumbled on a severe bout of selling pressure on Wednesday, pushing the benchmark S&P/TSX Composite Index to a six-week low, as political uncertainty and fears of tariff war rendered the mood bearish.
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7h 53min ago
New Zealand GDP Falls 1.0% In Q3
New Zealand's gross domestic product contracted a seasonally adjusted 1.0 percent on quarter in the third quarter of 2024, Statistics New Zealand said on Thursday.
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8h 23min ago
