(RTTNews) – The Hong Kong stock market on Thursday snapped the four-day winning streak in which it had jumped almost 1,000 points or 4.1 percent. The Hang Seng Index now rests just beneath the 24,200-point plateau although it may bounce higher again on Friday.

The global forecast for the Asian markets is positive on rising oil prices and stimulus optimism in the United States. The European and U.S. markets were up and the Asian bourses are expected to open in similar fashion.

The Hang Seng finished modestly lower on Thursday as losses from the casinos, properties and oil companies were tempered by support from the financials and insurance stocks.

For the day, the index dipped 49.51 points or 0.20 percent to finish at 24,193.35 after trading between 24,021.93 and 24,263.33.

Among the actives, Xiaomi plummeted 3.92 percent, while Wharf Real Estate plunged 3.57 percent, Sands China tanked 2.85 percent, WH Group tumbled 2.60 percent, AAC Technologies spiked 2.11 percent, Galaxy entertainment skidded 1.95 percent, Techtronic industries jumped 1.81 percent, Hong Kong & China Gas retreated 1.59 percent, CITIC declined 1.55 percent, WuXi Biologics climbed 1.48 percent, CNOOC and Henderson Land both surrendered 1.03 percent, New World Development sank 0.77 percent, Sun Hung Kai Properties dropped 0.75 percent, China Life Insurance advanced 0.67 percent, Power Assets shed 0.60 percent, Alibaba Group added 0.49 percent, BOC Hong Kong gained 0.47 percent, China Resources Land lost 0.41 percent, Ping An Insurance rose 0.38 percent, China Petroleum and Chemical (Sinopec) fell 0.31 percent, China Mengniu Dairy increased 0.27 percent, CSPC Pharmaceutical was up 0.26 percent, Industrial and Commercial Bank of China collected 0.25 percent, China Mobile eased 0.10 percent and Hang Lung Properties was unchanged.

The lead from Wall Street is upbeat as stocks opened higher on Thursday and mostly remained in the green

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Stocks took a header late in Tuesday’s session as it appeared a stimulus package wasn’t going to happen before the election. 

Basically, President Trump called it off. A day after returning home from the hospital for treatment of covid, he directed Republicans to stop negotiations on a stimulus deal until after the election.

The market wasn’t really confident that Speaker Pelosi and Treasury Secretary Mnuchin would suddenly have a breakthrough and reach a deal. But it was hopeful! As long as they were talking, it seemed possible.

The good news is that the election is less than a month away, and a stimulus measure will be a major issue for whoever wins.

The American people have been hanging on for weeks now since the original aid expired, so let’s hope they can keep treading water a little while longer.

Just a few hours before the President’s tweet, Fed Chair Jerome Powell was mentioning the need for more help out of Capitol Hill during virtual comments at the National Association for Business Economics. He said the risk of overdoing a stimulus is smaller than doing too little. 

The major indices looked like they might finish in the green again on Tuesday, but the late pullback sent them all lower by well over 1%.

The NASDAQ dropped 1.57% (or about 177 points) to 11,154.60. Meanwhile, the S&P dipped 1.4% to 3360.97, while the Dow was off 1.34% (or around 375 points) to 27,772.76.

The major indices had a strong beginning to the week on Monday as

FILE PHOTO: A man wearing a protective mask stands in front of the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – Some Bank of Japan board members called for a review of the central bank’s policy strategy as the economic shock caused by the coronavirus pandemic pushes inflation further away from its target, a summary of opinions from a September meeting showed.

Those views underline the increasingly tough position the BOJ finds itself in, as inflation had failed to gain momentum even before the coronavirus ravaged Japan’s economy.

A few of the board members said the central bank may need to find a new approach to fire up inflation toward its 2% target, given the pandemic’s sweeping impact on companies and households.

“As economic developments change rapidly, it’s becoming hard to foresee inflation reaching our target. It’s thus necessary to conduct again a comprehensive examination of our strategy for achieving the price goal,” one member said.

“We may need to debate the appropriate monetary policy path from the perspective of how to balance the need to contain the pandemic and keep the economy alive,” according to another opinion shown in the summary.

Some others said the BOJ must act “promptly” and in close cooperation with the government if the pandemic’s scars deepen, according to the summary released on Tuesday.

The BOJ kept policy steady in September and offered a slightly more upbeat view of the economy than in July, suggesting that no immediate expansion of stimulus was needed.

But BOJ Governor Haruhiko Kuroda has said the central bank would work closely with new Prime Minister Yoshihide Suga’s administration to shield the economy from the broadening fallout of the pandemic, including by loosening policy further.

The BOJ releases