Asian Shares Broadly Higher In Thin Holiday Trade

RTTNews | Před 641 dny

(RTTNews) - Asian stocks held recent gains in thin holiday trade on Thursday, with Japanese markets closed on account of Workers Day.

Underlying sentiment remained supported somewhat on expectations that the rate-hike cycle has ended globally and rate cuts might begin next year.

Gold nudged higher to trade close to the key $2,000 per ounce level in Asian trade, buoyed by broad dollar weakness and lower U.S. Treasury yields.

Oil prices fell over 1 percent to extend losses from the previous session on signs of increasing U.S. inventories and amid disappointment over postponement of the OPEC+ ministerial meeting.

China's Shanghai Composite index climbed 0.60 percent to 3,061.86 boosted by Beijing's latest measures to boost the country's struggling property market.

Hong Kong's Hang Seng index jumped 0.99 percent to 17,910.84 after Bloomberg reported late on Wednesday that Country Garden Holdings Co. and Sino-Ocean Group have been included on China's draft list of 50 developers eligible for a range of financing support.

Separately, Reuters reported that Chinese government advisers will recommend to an annual policymakers' meeting that economic growth targets for next year be set at 4.5 percent to 5.5 percent.

Seoul stocks ended marginally higher, with the Kospi average rising 0.13 percent to 2,514.96. Hyundai Motor, Korean Air, LG Chem and Korea Electric Power rose 1-3 percent.

Australian markets fell as declines in iron ore and crude prices weighed on the commodity sector. Weal manufacturing data also dented investor sentiment.

The benchmark S&P/ASX 200 dropped 0.62 percent to 7,029.20 while the broader All Ordinaries index settled 0.60 percent lower at 7,234.20.

AMP shares soared 5.9 percent after the investment manager said it had settled a class action brought on behalf of certain advice practices authorised by AMP Financial Planning.

Across the Tasman, New Zealand's benchmark S&P NZX-50 index inched up 0.16 percent to close at 11,187.52.

U.S. stocks ended slightly higher overnight ahead of the Thanksgiving holiday. A spate of economic data, including jobless claims, durable goods, and consumer sentiment, suggested that the economy is softening but is still resilient enough to potentially avoid recession as the Federal Reserve prefers.

The Dow and the tech-heavy Nasdaq Composite both gained around half a percent while the S&P 500 inched up 0.4 percent.

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | Před 36 minutami

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | Před 1 h 6 min

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | Před 1 h 21 min

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | Před 1 h 36 min