RTT - AsiaCommentary
Sensex Soars 390 Points; Nifty Nears 10900
Indian shares rose sharply to reach fresh record highs on Thursday, with banks leading the surge amid reports that the government is considering a proposal to permit 100 percent FDI in private banks.
Asian Shares Broadly Higher Ahead Of Chinese Data
Asian stocks held near record highs on Thursday on optimism over prospects for global growth and improved corporate earnings.
Sensex, Nifty May Extend Winning Streak
Indian shares look set to extend their record winning streak on Thursday, with encouraging data on direct tax collection and bank credit growth as well as media reports concerning the much talked about ONGC-HPCL deal likely to support underlying sentiment.
Thai Stock Market Draws Firm Lead For Thursday
The Thai stock market bounced higher again on Wednesday, one session after it had ended the three-day winning streak in which it had advanced almost 30 points or 1.7 percent. The Stock Exchange of Thailand now rests just beneath the 1,830-point plateau and it may add to its winnings on Thursday.
Indonesia Shares Tipped To Open In The Green
The Indonesia stock market has moved higher in three straight sessions, gaining almost 75 points or 1.2 percent along the way. The Jakarta Composite Index now rests just shy of the 6,445-point plateau, and it's called higher again on Thursday.
Hang Seng May Crack 32,000 For The First Time
The Hong Kong stock market has climbed higher in two straight trading days, jumping almost 650 points or 2.1 percent en route to a fresh record closing high. The Hang Seng Index rests just above the 31,980-point plateau and it's called higher again on Thursday.
Win Streak May Continue For China Bourse
The China stock market has moved higher in back-to-back sessions, gathering almost 35 points or 1 percent along the way. The Shanghai Composite Index now rests just shy of the 3,445-point plateau, and it's looking at another green light again on Thursday.
Continued Support Called For Taiwan Stock Market
The Taiwan stock market has finished higher in four straight trading days, gathering almost 200 points or 1.9 percent along the way. Now at a fresh 28-year closing high, the Taiwan Stock Exchange sits just above the 11,000-point plateau, and the market is looking at another green light for Thursday's trade.
Recovery Predicted For Singapore Stock Market
The Singapore stock market on Wednesday snapped the two-day winning streak in which it had gained almost 30 points or 0.8 percent. The Straits Times Index now rests just above the 3,540-point plateau although it's expected to rebound on Thursday.
Malaysia Stocks May Extend Winning Streak
The win streak has reached five sessions now for the Malaysia stock market, which has advanced almost 25 points or 1.3 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,830-point plateau and it inherits another positive lead for Thursday.
South Korea Bourse May Find Renewed Support
The South Korea stock market on Wednesday ended the three-day winning streak in which it had gathered almost 35 points or 1.3 percent. The KOSPI now rests just above the 2,515-point plateau although it figures to bounce higher again on Thursday.
Sensex, Nifty Rally As Govt Cuts Size Of Additional Borrowing
Indian shares rose sharply on Wednesday to hit fresh record highs after the government cut additional borrowing requirement to Rs 20,000 crore from Rs 50,000 crore notified earlier, helping ease worries surrounding widening fiscal deficit.
Asian Shares Mixed In Cautious Trade
Asian stocks ended mixed on Wednesday as lower commodity prices and weak overnight cues from Wall Street on concerns over the possibility of a U.S. government shutdown overshadowed upbeat regional economic data.
Sensex, Nifty Subdued In Early Trade; IT Stocks Extend Gains
Indian shares opened on a subdued note Wednesday as lingering concerns over the possibility of some slippage in the fiscal deficit path and rising oil prices offset investor optimism over corporate earnings. Weak cues from global markets also weighed on markets.
Asian Markets Mostly Lower
Asian stock markets are mostly lower on Wednesday following the negative cues overnight from Wall Street and lower commodity prices. Investor reaction to upbeat regional economic data was also muted.
Sensex, Nifty To Open Lower On Weak Global Cues
Indian shares look set to open lower on Wednesday, tracking weak global markets and amid lingering concerns over the possibility of some slippage in the fiscal deficit path.
Thai Bourse May Extend Tuesday's Losses
The Thai stock market on Tuesday wrote a finish to the three-day winning streak in which it had advanced almost 30 points or 1.7 percent. The Stock Exchange of Thailand remains just above the 1,820-point plateau, although the losses may accelerate on Wednesday.
Japanese Market Loses
The Japanese stock market is losing on Tuesday following the weak cues overnight from Wall Street and a stronger yen. Upbeat Japanese core machinery orders data failed to boost investor sentiment.
Indonesia Stocks May Open Under Pressure
The Indonesia stock market has climbed higher in consecutive trading days, collecting almost 60 points or 1 percent along the way. The Jakarta Composite Index now rests just shy of the 6,430-point plateau, although it figures to turn lower on Wednesday.
Australian Market Extends Losses
The Australian stock market is declining on Wednesday, extending losses from the previous session, following the negative cues overnight from Wall Street and weaker commodity prices. Investors shrugged off upbeat local economic data.
Hong Kong Market Overdue For Profit Taking
The Hong Kong stock market bounced higher again on Tuesday, one session after it had ended the 14-day winning streak in which hit had skyrocketed more than 2,550 points or 8 percent. Now at a record closing high, the Hang Seng Index rests just above the 31,900-point plateau, although investors are expected to cash out on Wednesday.
Renewed Selling Pressure Likely For China Shares
The China stock market bounced higher again on Tuesday, one session after it had ended the 11-day winning streak in which it had soared almost 150 points or 4 percent. The Shanghai Composite Index now rests just above the 3,435-point plateau, although it figures to head south again on Wednesday.
Profit Taking Expected For Taiwan Stock Market
The Taiwan stock market has climbed higher in three straight sessions, gathering almost 1580 points or 1.7 percent along the way. Now at a fresh 28-year closing high, the Taiwan Stock Exchange now rests just above the 10,980-point plateau - although investors figure to cash in on Wednesday.
Lower Open Predicted For Singapore Shares
The Singapore stock market has climbed higher in back-to-back trading days, gathering almost 30 points or 0.8 percent along the way. The Straits Times Index now rests just above the 3,550-point plateau although the rally may stall on Wednesday.
Win Streak Likely To End For Malaysia Bourse
The Malaysia stock market has climbed higher in four straight sessions, gathering more than 20 points or 1 percent along the way. The Kuala Lumpur Composite Index remains just above the 1,825-point plateau although it's expected to spin its wheels on Wednesday.
South Korea Shares May Be Stuck In Neutral
The South Korea stock market has finished higher in three straight sessions, gathering almost 35 points or 1.3 percent along the way. The KOSPI now rests just above the 2,520-point plateau although it figures to open under pressure on Wednesday.
Sensex, Nifty End Choppy Session Lower; IT Stocks Surge
Indian shares ended slightly lower on Tuesday as concerns over widening fiscal deficit and rising oil prices offset investor optimism over corporate earnings.
Asian Shares Rise On Earnings Optimism
Asian stocks closed mostly higher on Tuesday despite a lack of fresh catalysts as investors looked ahead to more earnings news from the U.S.
Sensex, Nifty Flat In Early Trade; IT Stocks Surge
Indian shares opened on a flat note Tuesday as investors paused for breath after recent strong gains.
Asian Markets Mostly Higher
Asian stock markets are mostly higher on Tuesday, though gains are modest in most markets as investors paused for breath after recent gains amid the absence of fresh catalysts. The U.S. markets were closed overnight for a public holiday.
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