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Singapore Has SGD4.563 Billion Trade Surplus In May
Singapore posted a trade surplus of SGD4.563 billion in May, the Department of Statistics said on Tuesday.
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Thai Bourse May Reclaim 1,300-Point Level
The SET has finished lower in three straight sessions, sinking more than 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,295-point plateau, although it's due for traction on Tuesday.
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Australian Market Significantly Higher
Recouping the losses in the previous two sessions, the Australian stock market is trading significantly higher on Tuesday, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 7,700 level, with gains in gold miners, technology and financial stocks.
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Hong Kong Bourse Due For Support On Tuesday
The Hong Kong stock market has moved lower in back-to-back sessions, slumping almost 180 points or 1 percent along the way. The Hang Seng now sits just beneath the 17,940-point plateau although it may stop the bleeding on Tuesday.
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Rebound Expected For China Stock Market
The China stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day slide in which it had fallen more than 40 points or 1.3 percent. The Shanghai Composite Index now rests just above the 3,015-point plateau although its tipped to move higher again on Tuesday.
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Taiwan Stock Market May Reverse Monday's Losses
The Taiwan stock market on Monday ended the three-day winning streak in which it had rallied more than 700 points or 3.3 percent. The Taiwan Stock Exchange now sits just beneath the 22,500-point plateau although it's expected to rebound again on Tuesday.
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Singapore Shares Likely To Remain Rangebound
Ahead of Monday's holiday for Eid-al-Adha, the Singapore stock market had turned lower again - one day after ending the four-day slide in which it had slumped almost 25 points or 0.7 percent. The Straits Time Index now rests just shy of the 3,300-point plateau, although it's expected to open in the green again on Tuesday.
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Malaysia Stock Market Tipped To Open In The Green On Tuesday
Ahead of Monday's holiday for Eid-al-Adha, the Malaysia stock market had turned lower again on Friday - one day after ending the three-day slide in which it had slumped almost 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,610-point plateau although it's expected to see renewed support on Tuesday.
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Renewed Support Anticipated For South Korea Stock Market
The South Korea stock market on Monday snapped the four-day winning streak in which it had advanced more than 55 points or 2 percent. The KOSPI now rests just shy of the 2,750-point plateau although it's likely to bounce higher again on Tuesday.
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Australia Rate Decision On Tap For Tuesday
The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBA is widely expected to keep its benchmark lending rate unchanged at 4.35 percent.
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TSX Loses For 3rd Straight Day, Ends At More Than 3-month Low
The Canadian market ended weak on Monday, losing for a third straight day, as uncertainty about the outlook for U.S. interest rates, and lower metal prices weighed on sentiment.
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U.S. Dollar Lower Against Majors
The U.S. dollar weakened against its major counterparts in the New York session on Monday, as investors awaited central bank decisions and comments from Federal Reserve officials for clues about the central bank's likely monetary policy moves.
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Swiss Market Ends Lower Again
The Switzerland market briefly advanced to positive territory after a weak start Monday morning, but retreated swiftly and spent the rest of the day's session in the red as investors stayed wary of picking up stocks amid a lack of significant triggers.
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