Rebound Predicted For South Korea Stock Market

RTTNews | 655 dias atrás
Rebound Predicted For South Korea Stock Market

(RTTNews) - The South Korea stock market on Wednesday snapped the two-day winning streak in which it had picked up more than 10 points or 0.4 percent. The KOSPI now rests just above the 2,505-point plateau although it figures to bounce higher again on Thursday.

The global forecast for the Asian markets is upbeat, with technology stocks expected to fuel the rally. The European and U.S. markets were up and the Asian markets are expected to open in similar fashion.

The KOSPI finished modestly lower on Wednesday as losses from the chemicals, technology stocks and industrials were tempered by support from the financial sector.

For the day, the index shed 10.24 points or 0.41 percent to finish at 2,505.50. Volume was 535.96 million shares worth 8.35 trillion won. There were 503 decliners and 367 gainers.

Among the actives, Shinhan Financial rose 0.29 percent, while KB Financial collected 0.77 percent, Hana Financial jumped 1.84 percent, Samsung Electronics gained 0.75 percent, Samsung SDI stumbled 2.01 percent, LG Electronics lost 0.10 percent, SK Hynix shed 0.43 percent, Naver plunged 2.49 percent, LG Chem tanked 1.92 percent, Lotte Chemical tumbled 1.77 percent, SK Innovation surrendered 1.98 percent, POSCO retreated 1.61 percent, SK Telecom perked 0.11 percent, KEPCO improved 0.78 percent, Hyundai Mobis declined 1.30 percent, Hyundai Motor dipped 0.21 percent, Kia Motors eased 0.13 percent and S-Oil was unchanged.

The lead from Wall Street is positive as the major averages opened higher and accelerated as the day progressed, ending near session highs.

The Dow gained 184.15 points or 0.54 percent to finish at 34,472.98, while the NASDAQ spiked 215.16 points or 1.59 percent to end at 13,721.03 and the S&P 500 added 48.46 points or 1.10 percent to close at 4,436.01.

The spike by the Nasdaq came as tech stocks rallied ahead of earnings news from Nvidia (NVDA), and the chipmaker released strong fiscal second quarter results after the close of trading.

A steep drop by bond yields also generated some buying interest, as the 10-year yield pulled back further off highest levels in well over 15 years.

In economic news, S&P noted a slowdown in the pace service sector activity and a contraction in manufacturing activity in August. Also, the Commerce Department said new home sales rebounded much more than expected in July.

Crude oil futures settled lower Wednesday amid concerns about the outlook for oil demand after data showed a decline in global manufacturing activity. West Texas Intermediate Crude oil futures for October ended lower by $0.75 or 0.9 percent at $78.89 a barrel.

read more
FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.
RTTNews | 36 minutos atrás
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.
RTTNews | 2h 28min atrás
FTSE 100 Down Marginally At Noon

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.
RTTNews | 3h 40min atrás
CAC 40 Down Slightly In Lackluster Trade

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.
RTTNews | 4h 1min atrás
DAX Down Over 0.5% In Cautious Trade

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.
RTTNews | 4h 22min atrás
Church & Dwight Recalls All Lots Of Zicam Nasal, Orajel Teething Swabs

Church & Dwight Recalls All Lots Of Zicam Nasal, Orajel Teething Swabs

Church & Dwight Co., Inc. has called back all lots of Zicam nasal swabs and Orajel baby teething swabs citing potential microbial contamination, according to the U.S. Food and Drug Administration. Cold remedy nasal swabs are a zinc-free, homeopathic cold remedy swab designed to shorten the duration of the common cold
RTTNews | 5h 0min atrás