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Asian Market Commentary

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Indian stocks shrugged off a weak start Monday morning and climbed higher in afternoon trade as traders indulged in some hectic bargain hunting following the previous session's sharp plunge.

asiadown march17 29nov21 Asian stocks ended weak on Monday as worries about the detection of Omicron coronavirus variant continued to weigh on sentiment.

Indian shares opened on a positive note on Monday following Friday's sell-off. The benchmark S&P BSE Sensex edged up 235 points, or 0.4 percent, to 57,342 in early trade, while the broader NSE Nifty index was up 48 points, or 0.3 percent, at 17,074. Reliance Industries jumped 3 percent after Reliance...

asiancommentary1 oct01 28nov21 Asian stock markets are in a sea of red on Monday, following the broadly negative cues from Wall Street on Friday, as worries about the global economy due to resurgence of coronavirus cases in Europe and the detection of a new and possibly vaccine-resistant coronavirus variant in South Africa hit global risk sentiment. Countries have also begun to close borders to flights from African nations.

Indian shares look set to open higher on Monday following Friday's sell-off. However, energy stocks such as ONGC may come under selling pressure after oil plunged about $10 a barrel on Friday amid concerns about the outlook for energy demand. The latest developments related to the new Covid-19...

The Thai stock market has moved lower in back-to-back trading days, sinking almost 40 points or 2.5 percent along the way. The Stock Exchange of Thailand now rests just above the 1,610-point plateau and it's expected to extend its losses again on Monday. The global forecast for the Asian markets is...

The Japanese stock market is modestly lower on Monday, extending the sharp losses in the previous session, with the Nikkei 225 staying above the 28,700 level, following the strongly negative cues from Wall Street on Friday, on renewed concerns about the pace of the global economic recovery amid the detection of a new and possibly vaccine-resistant coronavirus variant in South Africa.

The Indonesia stock market on Friday wrote a finish to the modest two-day winning streak in which it had gathered more than 20 points or 0.3 percent. The Jakarta Composite Index now sits just above the 6,560-point plateau and it's looking at another red light for Monday's trade. The global forecast...

The Australian stock market is modestly lower on Monday, extending the sharp losses in the previous session, with the benchmark S&P/ASX 200 staying above the 7,200 level, following the strongly negative cues from Wall Street on Friday, with steep losses in travel, energy and financial stocks amid fears the new coronavirus variant traced in South Africa.

The Hong Kong stock market on Friday ended the two-day winning streak in which it had collected almost 90 points or 0.4 percent. The Hang Seng Index now rests just above the 24,080-point plateau and it's expected to open in the red again on Monday. The global forecast for the Asian markets is broadly...

The China stock market has finished lower in back-to-back trading days, retreating almost 30 points or 0.8 percent along the way. The Shanghai Composite Index now rests just beneath the 3,565-point plateau and it's looking at another soft start again on Monday. The global forecast for the Asian markets...

The Taiwan stock market headed south again on Friday, one session after ending the four-day losing streak in which it had stumbled more than 200 points or 1.2 percent. The Taiwan Stock Exchange now sits just beneath the 17,370-point plateau and it's expected to open lower again on Monday. The global...

The Singapore stock market has finished lower in four straight trading days, sinking almost 70 points or 2.3 percent along the way. The Straits Times Index now sits just above the 3,165-point plateau and it's tipped to open in the red again on Monday. The global forecast for the Asian markets is broadly...

The Malaysia stock market has moved lower in four straight sessions, slipping almost 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,510-point plateau and it's expected to open under pressure again on Monday. The global forecast for the Asian markets...

The South Korea stock market has finished lower in four straight sessions, tumbling almost 80 points or 2.6 percent along the way. The KOSPI now sits just above the 2,935-point plateau and it's expected to take further damage again on Monday. The global forecast for the Asian markets is broadly negative...

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