Forex News

The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had advanced more than 80 points or 1 percent. The Jakarta Composite Index now rests just above the 7,775-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets suggests mild upside, largely on positive momentum amid a lack of catalysts. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow suit. The JCI finished modestly higher on Monday following gains from the resource stocks, weakness from the cement companies and a mixed picture from the financial sector. For the day, the index added 32.73 points or 0.42 percent to finish at the daily high of 7,775.73 after moving as low as 7,675.29. Among the actives, Bank CIMB Niaga collected 0.25 percent, while Bank Mandiri spiked 2.05 percent, Bank Danamon Indonesia fell 0.37 percent, Bank Negara Indonesia advanced 0.87 percent, Bank Central Asia strengthened 1.62 percent, Bank Rakyat Indonesia rallied 2.33 percent, Bank Maybank Indonesia dropped 0.85 percent, Indosat Ooredoo Hutchison accelerated 2.82 percent, Indocement retreated 1.45 percent, Semen Indonesia tumbled 2.05 percent, Indofood Sukses Makmur sank 0.70 percent, United Tractors increased 0.74 percent, Energi Mega Persada surged 6.80 percent, Astra Agro Lestari improved 1.51 percent, Aneka Tambang jumped 1.82 percent, Jasa Marga added 0.61 percent, Vale Indonesia climbed 1.35 percent, Timah soared 3.47 percent, Bumi Resources skyrocketed 6.90 percent and Astra International and Perusahaan Gas Negara were unchanged.

The Hong Kong stock market on Monday wrote a finish to the six-day winning streak in which it had surged more than 1,150 points or 6.4 percent. The Hang Seng Index now sits just beneath the 18,250-point plateau although it's expected to rebound on Tuesday. The global forecast for the Asian markets suggests mild upside, largely on positive momentum amid a lack of catalysts. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow suit.

The China stock market has tracked higher in four straight sessions, advancing more than 40 points or 1.6 percent along the way. The Shanghai Composite now sits just beneath the 2,750-point plateau and it may extend its gains again on Tuesday. The global forecast for the Asian markets suggests mild upside, largely on positive momentum amid a lack of catalysts. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow suit. The SCI finished modestly higher on Monday following gains from the financial shares and mixed performances from the resource and property sectors. For the day, the index improved 12.10 points or 0.44 percent to finish at 2,748.92 after trading between 2,731.36 and 2,760.48. The Shenzhen Composite Index rose 2.16 points or 0.14 percent to end at 1,496.82. Among the actives, Industrial and Commercial Bank of China collected 0.88 percent, while Bank of China climbed 1.08 percent, China Construction Bank strengthened 1.52 percent, China Merchants Bank improved 1.45 percent, Bank of Communications increased 1.37 percent, China Life Insurance rallied 1.54 percent, Jiangxi Copper perked 0.15 percent, Aluminum Corp of China (Chalco) dropped 0.85 percent, Yankuang Energy surged 4.17 percent, PetroChina gathered 1.26 percent, China Petroleum and Chemical (Sinopec) spiked 1.57 percent, Huaneng Power accelerated 2.94 percent, China Shenhua Energy gained 1.56 percent, Gemdale tumbled 1.72 percent, Poly Developments was up 0.37 percent and China Vanke added 0.58 percent.

The Taiwan stock market has moved higher in three straight sessions, collecting almost 625 points or 2.8 percent along the way. The Taiwan Stock Exchange now sits just above the 22,280-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets suggests mild upside, largely on positive momentum amid a lack of catalysts. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow suit. The SCI finished modestly higher on Monday following gains from the financial shares and technology stocks. For the day, the index added 126.11 points or 0.57 percent to finish at 22,285.53 after trading between 22,170.94 and 22,307.46. Among the actives, Cathay Financial climbed 1.08 percent, while Mega Financial gained 0.89 percent, CTBC Financial soared 3.97 percent, First Financial perked 0.18 percent, Fubon Financial improved 1.21 percent, E Sun Financial collected 0.71 percent, Taiwan Semiconductor Manufacturing Company added 0.41 percent, United Microelectronics Corporation rose 0.37 percent, Hon Hai Precision strengthened 1.69 percent, Largan Precision spiked 2.33 percent, Catcher Technology shed 0.42 percent, MediaTek jumped 1.78 percent, Delta Electronics advanced 0.90 percent, Novatek Microelectronics rallied 2.55 percent, Nan Ya Plastics eased 0.12 percent, Asia Cement rose 0.22 percent and Formosa Plastics was unchanged.

The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the seven-day winning streak in which it had surged more than 140 points or 3.9 percent. The Straits Times Index now sits just beneath the 3,640-point plateau and it's tipped to open in the green again on Tuesday. The global forecast for the Asian markets suggests mild upside, largely on positive momentum amid a lack of catalysts. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow suit.

The Malaysia stock market on Monday snapped the modest two-day winning streak in which it had gathered almost 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,665-point plateau although it's likely to bounce higher again on Tuesday. The global forecast for the Asian markets suggests mild upside, largely on positive momentum amid a lack of catalysts. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow suit.