Asian Markets Trade Mixed

RTTNews | 535 dias atrás

(RTTNews) - Equity markets in Asia finished trading on a mixed note amidst an uptick in inflation in Japan as well as uncertainties about rate cuts by the Fed. The Dollar's rebound as well as mixed corporate earnings weighed on sentiment.

China's Shanghai Composite Index slipped 0.95 percent to finish trading at 3,048.03. The day's trading ranged between 3,073.21 and 3,027.76. The Shenzhen Component Index plunged 1.21 percent to close at 9,565.56.

The Japanese benchmark Nikkei 225 added 73 points or 0.18 percent to close at 40,888.43. The day's trading range was between 41,087.75 and 40,888.43.

Sharp Corp gained 5.2 percent. Suzuki Motor Corp, Nissan Motor and Comsys Holdings Corp, all gained more than 3 percent. Bridgestone Corp followed with gains of close to 3 percent.

Chugai Pharmaceuticals slipped 3.6 percent. Advantest Corp and Komatsu slipped more than 2 percent. Kyowa Kirin as well as SMC Corp slipped more than 1 percent.

The Hang Seng Index of the Hong Kong Stock Exchange slipped 363 points or 2.16 percent from the previous close to finish trading at 16,499.47. The day's trading range was between a high of 16,747.20 and a low of 16,341.61.

Korean Stock Exchange's Kospi Index slipped 0.23 percent to close trading at 2,748.55. The day's trading range was between 2,273.97 and 2,763.06.

Australia's S&P/ASX200 closed trading at 7,770.60, shedding 11 points or 0.15 percent. The day's trading range was between 7,738.60 and 7,786.80.

Fisher & Paykel Healthcare surged 7.7 percent. Virgin Money rallied 4.1 percent. Light & Wonder, Life 360 and Goodman Group, all added more than 3 percent in the day's trading.

Genesis Minerals slipped 6.3 percent. Bellevue Gold, Telix Pharmaceuticals, Emerald Resources and Audinate Group all slipped more than 5 percent.

The NZX 50 of the New Zealand Stock Exchange added 62 points or 0.53 percent to close trading at 11,978.62, versus the previous close of 11,915.71. Trading ranged between 11,915.71 and 12,002.47.

Fisher & Paykel Healthcare surged 5.7 percent followed by Manawa Energy that rallied 3.8 percent. Vector, Skycity Entertainment as well as A2 Milk Company, all added close to 2 percent.

Tourism Holdings, Vista Group International as well as Westpac Banking Corp declined more than 3 percent. Heartland Group Holdings and ANZ Holdings, both declined more than 2 percent.

Wall Street had extended gains on Thursday amidst the Fed's firm rate cut hints and positive earnings reports. Nasdaq Composite edged up 0.20 percent to close at 16,401.84 whereas the Dow Jones Industrial Average added 0.68 percent to finish trading at 39,781.37.

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic about the outlook for interest rates following last week's weaker-than-expected US jobs data. They also remain cautious ahead of key U.S. inflation readings due later in the week that could influence the US Fed's rate trajectory.

RTTNews | 38 minutos atrás

Sensex, Nifty Seen Higher At Open

Indian shares look set to open higher on Tuesday, even as volatility cannot be ruled out amid talk of more sanctions against Russia and ahead of key U.S. inflation readings due this week that could influence the Federal Reserve's rate trajectory.

RTTNews | 1h 7min atrás

Higher Open Called For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, adding almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,265-point plateau and it may extend its winning streak again on Tuesday. The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead. The SET finished slightly higher on Monday following gains from the food, consumer, finance, industrial, property and service sectors. For the day, the index was up 1.31 points or 0.10 percent to finish at 1,266.11 after trading between 1,264.79 and 1,276.15. Volume was 10.729 billion shares worth 54.546 billion baht. There were 278 gainers and 195 decliners, with 182 stocks finishing unchanged. Among the actives, Advanced Info skidded 1.02 percent, while Thailand Airport tumbled 1.95 percent, Banpu fell 0.40 percent, Bangkok Bank collected 0.66 percent, Bangkok Dusit Medical sank 0.95 percent, Bangkok Expressway soared 4.76 percent, B. Grimm retreated 1.54 percent, BTS Group rallied 4.24 percent, CP All Public jumped 1.58 percent, CP Axtra skyrocketed 14.14 percent, Charoen Pokphand Foods surged 4.44 percent, Energy Absolute stumbled 2.84 percent, Gulf plummeted 4.74 percent, Kasikornbank climbed 1.18 percent, Krung Thai Bank advanced 0.99 percent, Krung Thai Card dropped 0.85 percent, PTT Oil & Retail strengthened 1.39 percent, PTT improved 0.79 percent, PTT Global Chemical slumped 0.90 percent, SCG Packaging added 0.56 percent, Siam Commercial Bank shed 0.40 percent, Siam Concrete spiked 2.28 percent, TTB Bank skidded 1.05 percent and Asset World, True Corporation, PTT Exploration and Production and Thai Oil were unchanged.

RTTNews | 1h 37min atrás

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the gains in the previous three sessions, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 44,100 level to record all-time highs, after Prime Minister Shigeru Ishiba announced his resignation, with gains across most sectors led by exporters and technology stocks.

RTTNews | 2h 7min atrás

Indonesia Bourse Expected To Halt Its Slide On Tuesday

The Indonesia stock market has moved lower in two straight sessions, sinking almost 120 points or 1.8 percent in that span. The Jakarta Composite Index now rests just above the 7,765-point plateau although it may stop the bleeding on Tuesday. The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead. The JCI finished sharply lower on Monday following losses from the finance, food and telecom stocks, while the resource companies were mixed. For the day, the index tumbled 100.50 points or 1.28 percent to finish at 7,766.85 after trading between 7,766.85 and 7,934.99. Among the actives, Bank CIMB Niaga dipped 0.29 percent, while Bank Mandiri tanked 4.06 percent, Bank Danamon Indonesia skidded 1.18 percent, Bank Negara Indonesia stumbled 4.35 percent, Bank Central Asia surrendered 3.75 percent, Bank Rakyat Indonesia retreated 2.50 percent, Indosat Ooredoo Hutchison declined 2.04 percent, Indofood Sukses Makmur slumped 1.33 percent, United Tractors surged 4.34 percent, Astra International tumbled 1.36 percent, Energi Mega Persada dropped 2.50 percent, Astra Agro Lestari shed 0.68 percent, Aneka Tambang soared 6.49 percent, Vale Indonesia eased 0.26 percent, Timah rallied 5.83 percent, Bumi Resources sank 3.57 percent and Indocement and Semen Indonesia were unchanged.

RTTNews | 2h 7min atrás

Hong Kong Shares Poised To Open To The Upside

The Hong Kong stock market has moved higher in consecutive trading days, climbing more than 675 points or 2.7 percent along the way. The Hang Seng Index now sits just above the 25,630-point plateau and it may see mild upside again on Tuesday. The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead. The Hang Seng finished modestly higher on Monday following gains from the property stocks, technology companies and financial shares. For the day, the index gained 215.93 points or 0.85 percent to finish at 25,633.91 after trading between 25,387.81 and 25,664.01. Among the actives, Alibaba Group spiked 4.17 percent, while ANTA Sports climbed 0.85 percent, China Life Insurance sank 0.35 percent, China Mengniu Dairy and Nongfu Spring both shed 0.20 percent, China Resources Land improved 0.45 percent, CITIC surged 6.81 percent, CNOOC added 0.40 percent, CSPC Pharmaceutical accelerated 2.59 percent, Galaxy Entertainment advanced 0.58 percent, Hang Lung Properties gained 0.12 percent, Henderson Land increased 0.23 percent, Hong Kong & China Gas jumped 1.74 percent, Industrial and Commercial Bank of China collected 0.35 percent, JD.com strengthened 1.06 percent, Lenovo plunged 3.00 percent, Li Auto stumbled 1.02 percent, Li Ning rose 0.11 percent, Meituan slumped 0.97 percent, New World Development skyrocketed 17.40 percent, Techtronic Industries dipped 0.10 percent, Xiaomi Corporation rallied 2.05 percent, WuXi Biologics soared 5.52 percent and Haier Smart Home and Alibaba Health Info were unchanged.

RTTNews | 2h 22min atrás

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,850 level, with weakness in iron ore miners, financial and energy stocks partially offset by gains in gold miners.

RTTNews | 2h 33min atrás

Additional Support Predicted For China Stock Market

The China stock market has finished higher in back-to-back sessions, gathering more than 60 points or 1.6 percent along the way. The Shanghai Composite Index now sits just above the 3,825-point plateau and it has another firm lead for Tuesday's trade. The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead. The SCI finished modestly higher on Monday as gains from the property and energy stocks were offset by weakness from the financial and resource sectors. For the day, the index rose 14.33 points or 0.38 percent to finish at 3,826.84 after trading between 3,803.60 and 3,833.14. The Shenzhen Composite Index gained 21.57 points or 0.90 percent to end at 2,427.39. Among the actives, Industrial and Commercial Bank of China shed 0.54 percent, while Bank of China dropped 0.91 percent, Agricultural Bank of China lost 0.55 percent, China Merchants Bank sank 0.77 percent, Bank of Communications retreated 1.24 percent, China Life Insurance slumped 0.87 percent, Jiangxi Copper tanked 2.93 percent, Aluminum Corp of China (Chalco) skidded 1.04 percent, Yankuang Energy jumped 1.62 percent, PetroChina eased 0.11 percent, China Petroleum and Chemical (Sinopec) dipped 0.18 percent, Huaneng Power rallied 2.52 percent, China Shenhua Energy slipped 0.29 percent, Gemdale soared 4.36 percent, Poly Developments rose 0.26 percent and China Vanke spiked 2.58 percent.

RTTNews | 2h 37min atrás

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