Nasdaq News

(RTTNews) - Asian stocks rose on Monday to notch a 29-month high after official data showed activity in China's services sector expanded at a much faster pace in August, bolstering expectations for economic recovery.

MUMBAI (Reuters Breakingviews) - Mukesh Ambani is wrapping up a deal to buy a brick-and-mortar shopping rival with a golden bow. A unit of his Reliance Industries conglomerate has agreed to buy the retail, wholesale and supply chain businesses from Kishore Biyani’s Fut

China's factory activity grew at a slower pace in August as floods across southwestern China disrupts production, but the services sector expanded at a solid rate in a boost to the economy as it continues to recover from the coronavirus shock.

(RTTNews) - Indian shares look set to open higher on Monday as the Ministry of Home Affairs released the Unlock 4.0 guidelines and clinical trial of the Covishield vaccine, developed by the University of Oxford, began at the JSS Hospital in Mysuru.

South Korean shares rose on Monday tracking a global rally, but trimmed some gains after July factory data fell short of forecasts and as tougher coronavirus-led social distancing measures took effect. The won and the benchmark bond yield rose.

Australian businesses reported a decline in second-quarter sales and wages on Monday, with the services sector particularly hit hard by the coronavirus-driven lockdowns, largely confirming the country's first recession in three decades.

China said on Monday it had launched an anti-subsidy investigation on some wine imports from Australia, two weeks after announcing it had begun an anti-dumping probe on such imports.

(RTTNews) - The Thai stock market on Friday ended the modest two-day winning streak in which it had collected almost a dozen points or 0.8 percent. The Stock Exchange of Thailand now sits just shy of the 1,325-point plateau, although it figures to bounce higher again on Monday.

India's steel exports more than doubled between April and July to hit their highest level in at least six years, boosted by a surge of Chinese buying in defiance of tensions between Beijing and New Delhi.

Chinese drinks producer Nongfu Spring will raise nearly $1.1 billion in its Hong Kong initial public offering (IPO) after pricing its shares at HK$21.50 each, according to two sources with direct knowledge of the matter.

The following table shows rates for Asian currencies against the dollar at 0203 GMT.

The Trump administration has determined that another 11 Chinese firms, including construction giant China Communications Construction Company, are owned or controlled by the Chinese military, the Pentagon said on Friday, laying the groundwork for new sanctions.

(RTTNews) - The Indonesia stock market on Friday ended the four-day winning streak in which it had advanced almost 100 points or 0.9 percent. The Jakarta Composite Index now sits just beneath the 5,350-point plateau although it's expected to rebound on Monday.

India's economy likely suffered its largest quarterly slump on record, data is expected to show on Monday, as coronavirus-related lockdowns add to already-declining consumer demand and investment.

Asian shares notched a 29-month high on Monday as investors wagered monetary and fiscal policies globally would stay super stimulatory, while an upbeat reading on China's service sector augured well for continued recovery there.

Australian business inventories fell 3% in the second-quarter driven by panic buying because of coronavirus-driven lockdowns, while wages slipped amid massive job losses as the country finds itself in its first recession in three decades.

China's factory activity grew at a slower pace in August as floods across southwestern China disrupts production while smaller firms continued to struggle, potentially tempering a robust recovery for the economy from the coronavirus shock.

(RTTNews) - The Taiwan stock market has finished lower in back-to-back trading days, sliding more than 100 points or 0.8 percent along the way. The Taiwan Stock Exchange now rests just shy of the 12,730-point plateau although it may stop the bleeding on Monday.

(RTTNews) - The Singapore stock market om Friday snapped the two-day slide in which it had stumbled almost 40 points or 1.6 percent. The Straits Times Index now rests just shy of the 2,540-point plateau and it may add to its winnings on Monday.

(RTTNews) - The South Korea stock market bounced higher again on Friday, one session after ending the four-day winning streak in which it had jumped almost 100 points or 4.2 percent. The KOSPI now rests just above the 2,350-point and it's expected to tick higher again on Monday.