OPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 35 points.
Alibaba will stop collecting orders early for its roughly $13 billion Hong Kong stock sale due to strong investor demand for its shares.
Two national-security officials testified publicly on Tuesday about their concern at a July 25 call in which President Trump pressed his Ukrainian counterpart to undertake investigations that could benefit him politically.
Each Market in Focus
Sterling edged lower after the Confederation of British Industry said U.K manufacturing orders improved in November but sector activity remained weak. The CBI industrial trends survey showed 13% of manufacturers reported total order books to be above normal while 40% said they were below normal in November, resulting in a net balance of minus 26%, up
fromminus 37% in October.
Investors grew less apprehensive about the global economic outlook and the prospects for a U.S.-China trade deal in the absence of fresh shocks.
The Shanghai Composite gauge advanced 0.9%. Hong Kong’s Hang Seng Index closed 1.6% higher at 27093.80 as most of its constituents inched up to help the index log its second-strongest performance in over a month. Suppliers of electronic components were the top gainers after news of upbeat sales of new iPhones in China.
India’s BSE Sensex closed 0.5% higher at 40469.70, led by telecom stocks. Bharti Airtel was the biggest gainer with a 7.4% gain on hopes that the government may address concerns about telecom operators’ past dues.
Singapore shares ended the session lower, with the FTSE Straits Times Index down 0.6% at 3238.87.