Correction Seen For Hong Kong Market []

Correction Seen For Hong Kong Market []
Hong Kong's stock market posted solid gains Thursday on positive data from the U.S. markets. Now, in line with other regional markets, the Hang Seng Index is expected to follow Wall Street to the downside when trading opens on the final day of the week.

South Korean Won Gains Against Dollar [USD/KRW]
Against the US dollar, the South Korean Won gained ground during the early Asian deals on Monday. The Won fetched a high of 904.40 by about 8:10 pm Eastern Time, higher than Friday's close of 907.15. Thereafter, the Won reversed its direction and the pair is currently trading near 905.95.

Euro Extends Highs Versus Dollar In Early Afternoon Dealing [EUR/USD]
The euro inched above a record high from earlier in the session against the dollar at around 1:20 pm ET. The euro touched 1.4427 before easing back to 1.4519 by 2 pm.

New Zealand Market Falls On Negative Lead From Wall Street []
Friday, Wellington shares closed lower after the U.S stocks plunged overnight on the back of disappointig earnings reported by Exxon, weak economic data and down grading of Citigroup by CIBC.

Euro Hits New Peak Versus Dollar, Rallies Versus Sterling Friday Morning [EUR/USD]
The euro advanced on other majors Friday morning in New York, hitting a fresh record peak versus the dollar before paring some its gains approaching mid-day. Meanwhile, the euro was able to claw back some of this week's losses to the sterling.

Japanese Stocks Fall Led By Banks []
Friday, Tokyo shares plunged, led by banking stocks, as credit fears returned. Some weak U.S. economic data and a stronger yen also impacted the investor sentiment. The benchmark Nikkei 225 index tumbled 352.92 points or 2.1% to settle at 16,517.48, The index, however, came off the day's low of 16,484.54.

Hong Kong Dollar Hits 1-Month Low Against Greenback [USD/HKD]
In the early Asian deals on Monday, the Hong Kong dollar drifted lower against the US currency. The Hong Kong currency hit a 1-month low of 7.7685 at 8:10 pm ET, compared to 7.7579 late Friday in New York. The pair then moved sideways and it is currently worth 7.7666.

Global Insight Expects Growth To Slow In Fourth Quarter []
Global Insight U.S. Economist Nigel Gault remarked on Friday that October payroll growth at 166,000 exceeded even their above-consensus expectation of 120,000. The weak parts of the report were as expected, he noted. The directly housing-related sectors (residential construction, building supply stores, credit intermediation) all lost jobs.

Japan Share Traders Cast A Wary Eye Toward Wall Street, CitiGroup For Monday Open []
Japanese shares will take a positive lead-in from Wall Street while casting a cautious eye toward Citigroup as trading opens on Monday.

Australian Shares Fall On Concerns About U.S. Financial Sector []
Monday, Sydney shares were trading lower on concerns about further trouble the U.S. financial sector after the Citigroup chief executive resigned. Investors were also exercising caution ahead of Wednesday's expected interest rate decision. It is widely expected that the Reserve Bank of Australia would hike its official cash rate by 25 basis points to 6.75%.