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Rally May Stall For Thai Stock Market
The Thai stock market has tracked higher in back-to-back sessions, gathering almost 10 points or 0.7 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,640-point plateau although it may run out of steam on Wednesday.
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Japanese Market Sharply Lower
The Japanese stock market is sharply lower on Wednesday, giving up all the gains in the previous session, with the Nikkei 225 falling below the 27,400 level, following the broadly negative cues from global markets overnight, with traders cautiously awaiting the US Fed's rate decision and anticipated hawkish comments from Fed Chair Jerome Powell later in the day.
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Indonesia Stock Market May Run Out Of Steam On Wednesday
The Indonesia stock market has moved higher in two straight sessions, collecting almost 30 points or 0.4 percent along the way. The Jakarta Composite Index now rests just shy of the 7,200-point plateau although the rally may stall on Wednesday.
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Australian Market Sharply Lower
The Australian stock market is sharply lower on Wednesday, giving up most of the gains in the previous session, with the benchmark S&P/ASX 200 falling below the 6,800 level, following the broadly negative cues from global markets overnight, with traders cautiously awaiting the US Fed's rate decision and anticipated hawkish comments from Fed Chair Jerome Powell later today.
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Hang Seng Index May Open Under Pressure
The Hong Kong stock market on Tuesday ended the two-day losing streak in which it had stumbled more than 360 points or 2 percent. The Hang Seng Index now rests just above the 18,780-point plateau although it's expected to open lower again on Wednesday.
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China Stock Market Tipped To Open In The Red
The China stock market halted the four-day losing streak in which it had tumbled almost 150 points or 4.4 percent. The Shanghai Composite Index now sits just above the 3,120-point plateau although it may head south again on Wednesday.
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Taiwan Stock Market May Hand Back Tuesday's Gains
The Taiwan stock market on Tuesday ended the two-day slide in which it had stumbled almost 250 points or 1.8 percent. The Taiwan Stock Exchange now rests just beneath the 14,550-point plateau although figures to see renewed selling pressure on Wednesday.
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Singapore Stock Market Expected To Remain Rangebound
The Singapore stock market has tracked higher in two of three trading days since the end of the two-day slide in which it had fallen almost 25 points or 0.8 percent. The Straits Times Index now rests just above the 3,265-point plateau, although it's likely to move lower again on Wednesday.
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Malaysia Stock Market Expected To Open Under Pressure
The Malaysia stock market on Tuesday halted the five-day slide in which it had surrendered almost 50 points or 3.3 percent. The Kuala Lumpur Composite Index now rests just above the 1,460-point plateau although it may head south again on Wednesday.
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Renewed Consolidation Expected For South Korea Shares
The South Korea stock market on Tuesday wrote a finish o the four-day losing streak in which it had tumbled almost 100 points or 4.2 percent. The KOSPI now rests just beneath the 2,370-point plateau although it may turn lower again on Wednesday.
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Australia Leading Index Data Due On Wednesday
Australia will on Wednesday see August results for the leading economic index from Westpac Bank, highlighting a light day for Asia-Pacific economic activity. In July, the index was down 0.2 percent on month.
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TSX Ends Notably Lower As Interest Rate Concerns Weigh
Canadian stocks fell on Tuesday amid rising concerns about slowing growth and aggressive rate hikes by central banks.
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Dollar Rises Against Major Counterparts Ahead Of Fed Rate Decision
The U.S. dollar firmed against its major counterparts on Tuesday amid bets the Federal Reserve will announce a sharp hike in interest rates at the end of its monetary policy meeting on Wednesday.
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