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Hong Kong Shares Tipped To Open In The Green
The Hong Kong stock market on Monday halted the four-day losing streak in which it had slumped more than 750 points or 4.1 percent. The Hang Seng Index now sits just above the 18,400-point plateau and it may see additional support on Tuesday.
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China Stock Market May Reclaim 3,100-Point Level
The China stock market has finished lower in three straight sessions, shedding almost 40 points or 1.3 percent along the way. The Shanghai Composite Index now sits just above the 3,075-point plateau although it's due for support on Tuesday.
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Taiwan Stock Market May Extend Monday's Gains
The Taiwan stock market on Monday wrote a finish to the three-day losing streak in which it had surrendered almost 700 points or 3.4 percent. The Taiwan Stock Exchange now rests just above the 21,530-point plateau and it's expected to open in the green again on Tuesday.
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Singapore Stock Market May See Additional Support
The Singapore stock market has moved higher in three straight sessions collecting more than 25 points or 0.8 percent along the way. The Straits Times Index now rests just beneath the 3,350-point plateau and it may add to its winnings on Tuesday.
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Malaysia Stock Market May End Losing Streak
Ahead of Monday's holiday for Agong's birthday, the Malaysia stock market had moved lower in six straight trading days, sinking almost 35 points or 2.1 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,600-point plateau although it's expected to stop the bleeding on Tuesday.
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South Korea Stock Market May Extend Winning Streak
The South Korea stock market has moved higher in back-to-back sessions, advancing almost 50 points or 1.8 percent along the way. The KOSPI now sits just above the 2,680-point plateau and it may tick higher again on Tuesday.
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TSX Ends Notably Lower As Energy Stocks Tumble
The Canadian market ended notably on Monday, after staying weak right through the day's session due to sustained selling in energy stocks.
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Australia Data On Tap For Tuesday
Australia is scheduled to release a batch of data on Tuesday, headlining a light day for Asia-Pacific economic activity, On tap are April figures for retail sales and Q1 data for current account and company profits.
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Dollar Loses Ground On Weak Economic Data
The U.S. dollar weakened against its major counterparts on Monday, weighed down by data showing a bigger than expected contraction in the nation's manufacturing activity in the month of May.
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U.S. Stocks Close On Mixed Note
After a positive start and a subsequent retreat that resulted in a fairly long spell in negative territory on Monday, U.S. stocks recovered in afternoon trades and ended the day's session on a mixed note.
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Canadian Market Looks Headed For Weak Close; Energy Stocks Fall
The Canadian market is down firmly in negative territory Monday afternoon with energy stocks reeling under sustained selling pressure on weak oil prices. A few stocks from healthcare and industrials sectors are also sharply lower.
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U.S. Dollar Drops Amid Weak ISM Manufacturing PMI
The U.S. dollar moved down against its major counterparts in the New York session on Monday, following the release of weaker-than-expected ISM manufacturing PMI data for May.
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Swiss Market Ends Slightly Up
The Switzerland market slipped into negative territory in the final hour of the session on Monday, but managed to edge higher and finish with a slender gain as a few stocks held firm.
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