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Sensex, Nifty Open Lower As Auto And IT Stocks Drag
Indian shares opened lower on Thursday amid weak global cues and on the eve of weekly F&O expiry.
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NZ Dollar Drops Against Majors
The NZ dollar dropped against other major currencies in the Asian session on Thursday.
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Asian Markets Mixed Amid Cautious Trades
Asian stock markets are trading mixed on Thursday, following the mostly negative cues from Wall Street overnight, as traders remain cautious amid concerns about growth and the outlook for interest rates. Data on US manufacturing activity in February added to recent concerns about inflation and the outlook for interest rates. Asian Markets closed mostly higher on Wednesday.
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Australian Dollar Falls Against Majors
The Australian dollar fell against other major currencies in the Asian session on Thursday.
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Sensex, Nifty Set To Drift Lower As Inflation Worries Mount
Indian shares may drift lower at open on Thursday, as a surprisingly strong German inflation figure and signs of stronger inflationary pressures in the United States brought focus back on interest-rate rises.
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Japanese Market Modestly Lower
The Japanese stock market is modestly lower on Thursday after being in the green most of the morning session, giving up the gains in the previous two sessions, with the Nikkei 225 falling below the 27,500 level, following the mostly negative cues from Wall Street overnight, dragged by weakness in technology and financial stocks.
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Oversold Thai Stock Market Still Expected To Open Lower
The Thai stock market has moved lower in six straight sessions, sinking almost 50 points or 3.2 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,620-point plateau and it's tipped to open under pressure again on Thursday.
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Australian Market Modestly Higher
The Australian stock market is modestly higher on Thursday, recouping the the losses in the previous session, with the benchmark S&P/ASX 200 moving towards the 7,300 level, despite the mostly negative cues from Wall Street overnight, aided by strong gains in materials and energy stocks amid a spike in commodity prices.
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Narrow Trading Range Anticipated For Indonesia Shares
The Indonesia stock market on Wednesday halted the two-day slide in which it had slipped more than a dozen points or 0.2 percent along the way. The Jakarta Composite Index now sits just beneath the 6,845-point plateau and it's likely to turn lower again on Thursday.
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Soft Start Anticipated For Hong Kong Stock Market
The Hong Kong stock market on Wednesday wrote an emphatic finish to the six-day losing streak in which it had plummeted almost 1,100 points or 5.5 percent. The Hang Seng Index now sits just beneath the 20,620-point plateau although it may head south again on Thursday.
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Rally May Stall For China Stock Market
The China stock market has moved higher in two straight sessions, advancing more than 50 points or 1.6 percent along the way. The Shanghai Composite Index now sits just above the 3,310-point plateau although it may run out of steam on Thursday.
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Australia Building Approvals Tumble 27.6% In January
The total number of buildings approved in Australia was down a seasonally adjusted 27.6 percent on month in January, the Australian Bureau of Statistics said on Thursday - coming in at 12,065.
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South Korea Manufacturing PMI Unchanged At 48.5 In February - S&P Global
The manufacturing sector in South Korea continued to contract in February, and at a steady pace, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 48.5.
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