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General

Midday Market Wrap: Wall Street encourages Australian shares; dollar strong

The Australian share market, led by the banks, media and miners, continued to move higher to noon, encouraged by the solid rise on Wall Street overnight.

Morning market wrap: US stocks rebound on comforting data

US stocks rebounded strongly in overnight trade, as bargain hunters entered the market and following a report showing US manufacturing activity continued to expand modestly in September.

Afternoon market wrap: $A rockets to five-and-a-half year high

The Australian dollar rocketed to its highest level in five-and-a-half years today and looks set to fly past 70 US cents this year.

Midday market wrap: Nikkei edges up while All Ords deteriorate

Japan's Nikkei stock average edged up by midday on Wednesday, with the topside capped after investors focused on indications of a slowdown in improvements to sentiment in the Bank of Japan's "tankan" corporate survey.

Morning market wrap: US stocks sag, bonds soar on weak data

Jittery US stock markets fell further, and bond prices jumped, following a slew of surprisingly weak economic data and a downbeat earnings forecast from a tech sector bellwether.

Afternoon market wrap: All Ordinaries close higher, Tower shares rise

Japanese share prices closed narrowly mixed today, with the leading index down 0.1 percent after giving up early gains on fresh concerns about the negative impact a stronger yen will have on exporter profits and the overall economy, dealers said.

Changes in weighting to Trade Weighted Index

AAP  |  TUESDAY, 30 SEP 2003
The Reserve Bank of Australia has revised the weights for currencies included in the trade weighted index (TWI) of the Australian dollar.

Equity raisings down but debt issuance up in 2003: Thomson

AAP  |  TUESDAY, 30 SEP 2003
Funds raised through the issue of Australian equities fell during the first nine months of calendar 2003 but lifted in the Australian debt market, according to financial information provider Thomson Financial.

Midday market wrap: Hong Kong shares rise, while All Ords hold onto gains

Hong Kong share prices rose 1.28 per cent in opening trade today, as hopes of economic recovery were boosted with the signing of the details of a trade deal with China, dealers said.

Morning market wrap: US stocks up, dollar sinks to fresh lows

AAP  |  TUESDAY, 30 SEP 2003
US stocks bounced back overnight, supported by selective buying in the technology sector