Little Movement Expected For South Korea Shares

RTTNews | 643 dias atrás
Little Movement Expected For South Korea Shares

(RTTNews) - The South Korea stock market has ticked lower in three straight sessions, sinking more than 35 points or 1.4 percent along the way. The KOSPI now sits just beneath the 2,550-point plateau and it may be stuck in neutral again on Friday.

The global forecast for the Asian markets is mixed to lower, with tech shares likely to weigh. The European and U.S. markets were mixed but little changed and the Asian markets are likely to open in similar fashion on Friday.

The KOSPI finished modestly lower on Thursday following losses from the chemicals and steel companies and mixed performances from the financials and technology shares.

For the day, the index sank 15.08 points or 0.59 percent to finish at 2,548.26. Volume was 370.56 million shares worth 8.04 trillion won. There were 696 decliners and 186 gainers.

Among the actives, KB Financial eased 0.18 percent, while Hana Financial collected 0.38 percent, Samsung Electronics gained 0.57 percent, Samsung SDI stumbled 1.33 percent, LG Electronics dropped 0.70 percent, SK Hynix perked 0.25 percent, Naver climbed 1.17 percent, LG Chem retreated 1.37 percent, Lotte Chemical tumbled 2.00 percent, S-Oil rose 0.39 percent, SK Innovation skidded 1.03 percent, POSCO tanked 2.07 percent, SK Telecom advanced 0.84 percent, KEPCO dipped 0.22 percent, Hyundai Mobis lost 0.21 percent, Hyundai Motor improved 0.27 percent, Kia Motors sank 0.76 percent and Shinhan Financial was unchanged.

The lead from Wall Street is uninspired as the major averages opened mixed and finished little changed in similar fashion.

The Dow rose 57.54 points or 0.17 percent to finish at 34,500.73, while the NASDAQ sank 123.64 points or 0.89 percent to end at 13,748.83 and the S&P 500 fell 14.34 points or 0.32 percent to close at 4,451.14.

The early weakness on Wall Street reflected ongoing concerns about the outlook for interest rates after the Labor Department reported an unexpected drop in first-time claims for U.S. unemployment benefits last week.

The Fed is still widely expected to leave interest rates unchanged at its next meeting later this month, but CME Group's FedWatch Tool indicates a 43.4 percent chance of another rate hike in November.

The tech-heavy NASDAQ was weighed by weakness from Apple (AAPL) after reports said China plans to expand a ban on the use of iPhones in sensitive departments to government-backed agencies and state companies.

Crude oil prices fell on Thursday, despite a drop in U.S. crude inventories last week. Profit taking after recent strong gains was largely responsible as West Texas Intermediate Crude oil futures for October ended lower by $0.67 or 0.9 percent at $86.87 a barrel.

Closer to home, South Korea will provide July figures for current account later this morning; in June, the current account surplus was $5.87 billion.

read more
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may be stuck in neutral on Thursday.
RTTNews | 34 minutos atrás
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | 56 minutos atrás
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | 1h 4min atrás
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | 1h 16min atrás
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | 1h 19min atrás
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | 2h 4min atrás
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
RTTNews | 2h 34min atrás
Renewed Selling Pressure Expected For Malaysia Shares

Renewed Selling Pressure Expected For Malaysia Shares

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 gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's likely to head south again on Thursday.
RTTNews | 3h 4min atrás