Asian Shares Mixed As Investors Await US Jobs Data

RTTNews | Před 83 dny

(RTTNews) - Asian stocks ended mixed on Thursday as investors digested a pair of disappointing reports on the U.S. economy and looked ahead to key non-farm payrolls data on Friday for direction.

The dollar remained under pressure ahead of the European Central Bank's rate decision later in the day and amid bets the Federal Reserve will deliver two quarter-point cuts by year-end, in October and December. Gold was little changed while oil edged up slightly on dollar weakness.

Chinese markets eked out modest gains, a day after U.S. President Donald Trump described Chinese President Xi Jinping as "extremely hard" to strike a deal with.

The benchmark Shanghai Composite index rose 0.23 percent to 3,384.10 while Hong Kong's Hang Seng index jumped 1.07 percent to close at 23,906.97.

Japanese markets ended lower as a 30-year bond auction saw the weakest demand since 2023, ramping up pressure on the government to adjust issuance.

The Nikkei average dropped 0.51 percent to 37,554.49 ahead of fifth round of trade talks with the U.S. over high tariffs. The broader Topix index settled 1.03 percent lower at 2,756.47.

Automakers Honda and Toyota fell around 2.7 percent each. Suzuki Motor tumbled 3 percent, with reports suggesting that it had suspended production of its Swift car due to China's rare earth restrictions.

Seoul stocks rose for a third straight session to hit an 11-month high as the new government vowed to restart talks with North Korea and beef up a trilateral partnership with the U.S. and Japan.

The Kospi average jumped 1.49 percent to 2,812.05, with tech stocks leading the surge. Samsung Electronics rallied 2.3 percent and SK Hynix added 3.2 percent.

Australian markets fluctuated before ending marginally lower as April's trade balance figures missed expectations.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index climbed 0.66 percent to 12,577.15.

U.S. stocks fluctuated before ending mixed overnight while Treasury yields dipped as disappointing economic data raised concerns about the economic outlook but reinforced Fed rate cut bets.

Private sector jobs increased by just 37,000 in May — the slowest pace in more than two years, payroll processor ADP said.

"ADP NUMBER OUT!!! 'Too Late' Powell must now LOWER THE RATE. He is unbelievable!!!," Trump said in a post on Truth Social.

Another report showed the U.S. services sector contracted for the first time in nearly a year in May and businesses paid higher prices for inputs, raising fresh stagflation concerns.

The Dow slid 0.2 percent to snap a four-day losing streak, while the S&P 500 finished marginally higher and the tech-heavy Nasdaq Composite gained 0.3 percent.

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | Před 30 minutami

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

RTTNews | Před 45 minutami

Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | Před 1 h 16 min

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

RTTNews | Před 1 h 27 min

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

RTTNews | Před 1 h 36 min

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.

RTTNews | Před 1 h 44 min

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | Před 1 h 52 min

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,935-point plateau and it may add to its winnings on Thursday.

RTTNews | Před 2 h 14 min

EURUSD	1.16455	GBPUSD	1.35093	AUDUSD	0.65144
USDJPY	147.139	USDCAD	1.37764	USDCHF	0.8013