New York - US stocks lost ground for a second day as oil prices fell and analysts on Tuesday suggested a rally that lasted through much of March was unsustainable in the current economy.
The selloff came as the first quarterly earnings reports for 2009 were due to be announced.
Company profits were expected to drop about 37 per cent, according to a survey of Wall Street analysts by the Bloomberg financial news agency. It would be the seventh straight quarter of falling earnings.
Singapore - The Singapore Exchange Limited (SGX) will launch a new access platform to its securities market and data on April 27, it was announced Tuesday.
The new access platform, SGXAccess API1, will offer latency improvements of more than 10 times, achieving an average of up to 16 milliseconds for order acknowledgments, and is marektet as an alternative to the existing SGXAccess FIX2 platform.
The benchmark Sensex, on Monday (April 06), marked its closure on a strong note although profit-booking at higher levels trimmed early sharp gains.
The firm buying action witnessed across frontline stocks assisted Sensex to continue its positive run for the fourth straight session, gaining by another 186.04 points to end at nearly a 5-month peak of 10,534.87.
The broad-based NSE Nifty surged 45.55 points (1.42%) at 3,256.60 after touching an intraday high of 3,303.90 and an intraday low of 3,211.35.
Tokyo - Tokyo stocks ended Tuesday morning's trading modestly higher on optimism over the domestic economy and a rise in carmakers' shares caused by expectations for a resurgence in global demand.
The benchmark Nikkei 225 Stock Average inched up 26.52 points, or 0.3 per cent, to 8,884.45.
The broader Topix index of all first-section issues was also up 4.49 points, or 0.54 per cent, at 835.46.
On currency markets at 9 am (0000 GMT), the dollar traded at 100.43-48 yen, down from Monday's 5 pm quote of 101.15-18 yen.
New York - US stocks closed lower Monday, trimming some of last week's gains ahead of a batch of quarterly earnings reports for US companies.
Alcoa Inc, which will start the quarterly round of earnings reports Tuesday night, fell 3.4 per cent. The stock decline ended five straight days of gains amid some small signs that the US economy may be on the road to recovery.
Banking shares slid after a prominent Wall Street analyst warned of more massive losses despite the government's efforts to stabilize the financial sector.
Tokyo - The Tokyo market fell Wednesday after concerns over US firms' earnings reports led Wall Street to overnight losses.
New York - US stocks lost ground for a second day as oil prices fell and analysts on Tuesday suggested a rally that lasted through much of March was unsustainable in the current economy.
Singapore - The Singapore Exchange Limited (SGX) will launch a new access platform to its securities market and data on April 27, it was announced Tuesday.
The benchmark Sensex, on Monday (April 06), marked its closure on a strong note although profit-booking at higher levels trimmed early sharp gains.
Tokyo - Tokyo stocks ended Tuesday morning's trading modestly higher on optimism over the domestic economy and a rise in carmakers' shares caused by expectations for a resurgence in global demand.
New York - US stocks closed lower Monday, trimming some of last week's gains ahead of a batch of quarterly earnings reports for US companies.
