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Asian Markets Mostly Higher
CANBERA (dpa-AFX) - Asian stock markets are trading mostly higher on Tuesday, following the positive cues from Wall Street overnight, as upbeat earnings news contributed to rebound along with continued optimism about the economy, despite some concerns about the spread of new coronavirus variants. Investors also await the U.S. Federal Reserve s monetary policy announcement on Wednesday for clues on the timing of stimulus tapering and the outlook for the global economy. Asian stocks ended mostly lower Monday.
The Australian stock market is modestly higher on Tuesday, after the slight losses of the previous session, with the benchmark S&P/ASX 200 breaking above the 7,400 level to fresh all-time highs, following the positive cues from Wall Street overnight, with materials and energy stocks lifting the market. Traders remain concerned about the spread of the highly contagious coronavirus variants in more states.
Fiji
Toho
Saga
Japan
Malaysia
Australia
Taiwan
Tokyo
Hong-kong
Japara
Jawa-barat
Indonesia
By Mark Woodruff
Guide:
The FNArena database tabulates the views of seven major Australian and international stock brokers: Citi, Credit Suisse, Macquarie, Morgan Stanley, Morgans, Ord Minnett and UBS.
For the purpose of broker rating correlation, Outperform and Overweight ratings are grouped as Buy, Neutral is grouped with Hold and Underperform and Underweight are grouped as Sell to provide a Buy/Hold/Sell (B/H/S) ratio.
Ratings, consensus target price and forecast earnings tables are published at the bottom of this report.
Summary
Total Upgrades: 11
Net Ratings Breakdown: Buy 53.92%; Hold 38.91%; Sell 7.17%
For the week ending Friday 23 July, there were eleven upgrades and eleven downgrades to ASX-listed companies by brokers in the FNArena database.
Australia
Malaysia
United-states
Kundana
Western-australia
Sydney
New-south-wales
Red-lake
China
Lake-cowal
Malaysian
Australian