FTSE 100 Slips As Resource Stocks Drag On China Concerns

RTTNews | 1080 dias atrás
FTSE 100 Slips As Resource Stocks Drag On China Concerns

(RTTNews) - U.K. stocks were moving lower on Tuesday, with resource shares declining amid fading hopes of top consumer China easing its strict zero-COVID policy.

Signs of increased coronavirus cases in Guangzhou and other Chinese cities and caution amid the U.S midterm elections also dented sentiment.

The benchmark FTSE 100 was down 24 points, or 0.3 percent, at 7,276 after declining half a percent on Monday.

Miners Anglo American, Antofagasta and Glencore fell 1-2 percent, while oil & gas firm BP Plc gave up 1.7 percent and Shell declined 1.4 percent.

3i Infrastructure jumped 3.4 percent after reporting improved earnings in the first half of the year.

Associated British Foods soared more than 5 percent. After reporting a jump in annual profits, the Primark owner has announced a £500mln share buy-back program for the current financial year.

Hammerson climbed 9 percent. The retail property firm said that footfall at its Irish flagships improved to 90pc of 2019 levels in the third quarter of the year.

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Hong Kong Shares Tipped To Open In The Green

Hong Kong Shares Tipped To Open In The Green

The Hong Kong stock market rebounded on Thursday, one day after ending the two-day winning streak in which it had picked up more than 775 points or 2.8 percent. The Hang Seng Index now rests just above the 25,960-point plateau and it's got a solid lead for Friday's trade.
RTTNews | 13 minutos atrás
China Stock Market May Add To Its Winnings On Friday

China Stock Market May Add To Its Winnings On Friday

The China stock market ticked higher again on Thursday, one day after halting the two-day winning streak in which it had advanced more than 75 points or 1.9 percent. The Shanghai Composite Index now sits just above the 3,920-point plateau and it may see additional support on Friday.
RTTNews | 28 minutos atrás
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian stock market is trading slightly higher on Friday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with gains in iron ore miners and technology stocks partially offset by weakness in gold miners and financial stocks.
RTTNews | 42 minutos atrás
Taiwan Stock Market May Find Traction On Friday

Taiwan Stock Market May Find Traction On Friday

The Taiwan stock market has finished lower in back-to-back sessions, slumping more than 220 points or 0.8 percent along the way. The Taiwan Stock Exchange now sits just above the 27,530-point plateau although it may stop the bleeding on Friday.
RTTNews | 58 minutos atrás
Win Streak May Continue For Singapore Stock Market

Win Streak May Continue For Singapore Stock Market

The Singapore stock market has moved higher in three straight sessions, collecting almost 90 points or 2 percent along the way. The Straits Times Index now rests just above the 4,415-point plateau and it may add to its winnings on Friday.
RTTNews | 1h 28min atrás
Malaysia Bourse May Remain Rangebound On Friday

Malaysia Bourse May Remain Rangebound On Friday

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had picked up less than a point. The Kuala Lumpur Composite Index now sits just beneath the 1,610-point plateau and it's likely to remain in that neighborhood again on Friday.
RTTNews | 1h 58min atrás
Japan Stock Market May Halt Losing Streak

Japan Stock Market May Halt Losing Streak

The Japanese stock market has finished lower in back-to-back sessions, retreating more than 675 points or 1.4 percent in that span. The Nikkei 225 now sits just above the 48,640-point plateau although it may find traction on Friday.
RTTNews | 2h 13min atrás