DAX Drifts Lower Ahead Of Fed Policy Meeting

KOSPI May Extend Monday's Losses

The South Korea stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had jumped more than 115 points or 2.9 percent. The KOSPI now sits just above the 4,150-point plateau and it's tipped to open under water again on Tuesday. The global forecast for the Asian markets is flat to lower ahead of the FOMC meeting later this week. The European markets were mixed and little changed and the U.S. bourses were soft and the Asian markets figure to split the difference. The KOSPI finished sharply higher on Monday following gains from the technology stocks, automobile producers and chemicals, while the financial sector was soft. For the day, the index jumped 54.80 points or 1.34 percent to finish at the daily high of 4,154.85 after moving as low as 4,081.26. Volume was 392 million shares worth 15.1 trillion won. There were 550 decliners and 314 gainers. Among the actives, Shinhan Financial tanked 2.74 percent, while KB Financial stumbled 2.14 percent, Hana Financial slumped 1.26 percent, Samsung Electronics climbed 1.01 percent, Samsung SDI rallied 2.11 percent, LG Electronics cratered 2.61 percent, SK Hynix surged 6.07 percent, Naver dipped 0.20 percent, LG Chem vaulted 1.31 percent, SK Innovation spiked 2.53 percent, POSCO Holdings expanded 2.57 percent, SK Telecom dropped 0.92 percent, KEPCO sank 0.96 percent, Hyundai Motor perked 0.16 percent, Kia Motors accelerated 1.62 percent and Lotte Chemical and Hyundai Mobis were unchanged.

RTTNews | 1h 11min atrás

Australia Rate Decision On Tap For Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBA is widely expected to leave its benchmark lending rate unchanged at 3.60 percent.

RTTNews | 1h 41min atrás

Swiss Market Ends On Firm Note

The Switzerland market got off to a slightly weak start on Monday but recovered soon and stayed firm right through the day's session to settle on positive note thanks to strong buying at several counters.

RTTNews | 4h 59min atrás

Major European Markets Close Slightly Weak

The major European markets closed on a slightly weak note on Monday as investors mostly stayed cautious, looking ahead to the interest rate decision from the Federal Reserve this week. The Bank of Japan, the Reserve Bank of Australia and the Bank of Canada are also scheduled to make their monetary policy announcements this week.

RTTNews | 5h 27min atrás