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Asian Shares Mostly Higher As Tech Stocks Rebound
Asian stocks rose broadly on Tuesday as investors watched for a possible resumption of U.S.-Iran talks in Qatar to resolve differences over Strait of Hormuz and asset releases.
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Australian Dollar Falls Following RBA Meeting Minutes, China's PMI Data
The Australian dollar weakened against other major currencies in the Asian session on Tuesday, following the release of the Reserve Bank of Australia's (RBA) most recent meeting minutes and significant Purchasing Managers' Index (PMI) data from China.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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European Shares Seen Tad Higher With US-Iran Talks In Focus
European stocks are seen opening higher on Tuesday following Wall Street's overnight rally.
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Indian Shares Edge Lower As IT Stocks Drag On Earnings Concerns
Indian shares were subdued in early trade on Tuesday ahead of the next round of U.S.-Iran negotiations set to take place in Doha today.
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Australian Market Maintains Early Slight Losses In Mid-market
The Australian market is maintaining its early losses in mid-market trading on Tuesday after alternating across the unchanged line, reversing some of the gains in the previous two sessions, despite the positive cues from Wall Street overnight. The benchmark S&P/ASX 200 index is falling below the 8,850 level, with weakness in mining stocks nearly offset by gains in financial and technology stocks.
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Asian Markets Trade Mostly Lower
Asian markets are trading mostly lower on Tuesday, despite the positive cues from Wall Street overnight, amid renewed uncertainty about the geopolitical situation in the Middle East after Iran reportedly said it will not meet the US team in Qatar for the peace talks later in the day to end the four-month war, and insists on control over the Strait of Hormuz, even if Oman opts not to participate.
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Indian Shares Seen Opening On Cautious Note; US-Iran Talks In Focus
Indian shares are seen opening on a muted note despite Wall Street's overnight rally.
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Japanese Market Slightly Higher
The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous session, foll0wing the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving well above the 69,550 level, with gains in financial and technology stocks partially offset by weakness in index heavyweights and automaker stocks.
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Australian Markets Slightly Higher
The Australian stock market is slightly higher in choppy trading on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 index is moving well above the 8,800 level, with gains in financial and technology stocks nearly offset by weakness in mining stocks.
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Japan Data Due On Tuesday
Japan is scheduled to release a batch of economic data on Tuesday, highlighting a busy day for Asia-Pacific economic activity. On tap are May figures for unemployment, industrial production, construction orders and housing starts.
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U.S. Dollar Slide As Reports Confirm Next Round Of U.S.-Iran Talks After Weekend Skirmish
The U.S. Dollar value inched lower after media reports confirmed free shipping movements across the Strait of Hormuz. The U.S. and Iran have agreed to stand down from their recent exchange of attacks over the weekend which briefly renewed escalation concerns.
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Swiss Market Settles Modestly Higher
After a marginal uptick and a subsequent drop that resulted in a negative spell till about a couple of hours past noon, the Switzerland market recovered and spent the rest of the trading session in positive territory on Monday.
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