Asian Shares Mixed In Cautious Trade Before Powell Speech

RTTNews | Před 4 dny

(RTTNews) - Asian stocks turned in a mixed performance on Friday as some strong U.S. economic data and hawkish comments from several Federal Reserve officials prompted traders to reduce their expectations for imminent rate cuts.

Investors await Fed Chair Jerome Powell's upcoming speech at the Jackson Hole symposium later in the day for additional clues on the timing and size of potential interest rate cuts.

Stalled Russia-Ukraine peace talks and Fed independence worries also kept investors on edge.

China's Shanghai Composite index rallied 1.45 percent to 3,825.76 as a JPMorgan report suggested the rally in onshore Chinese stocks will continue.

Chipmaker SMIC jumped more than 10 percent after Nvidia reportedly instructed component suppliers to stop production related to H20 AI chip.

Hong Kong's Hang Seng index climbed 0.93 percent to 25,339.14, fueled by a flood of mainland money.

Japanese markets ended on a flat note as hotter-than-expected core inflation data for July raised expectations of a rate hike.

The Nikkei average finished marginally higher at 42,633.29 while the broader Topix index settled 0.58 percent higher at 3,100.87, snapping a three-day losing streak.

Among the prominent gainers, SoftBank Group, Lasertec and Tokyo Electric Power all gained around 2 percent.

Seoul stocks ended higher for a second consecutive session, with chip and defense stocks leading the gains. The Kospi average jumped 0.86 percent to 3,168.73. SK Hynix surged 2.5 percent to snap a five-day losing streak.

Australian markets declined after notching another record close the previous day. The benchmark S&P/ASX 200 dropped 0.57 percent to close at 8,967.40, with consumer staple, health care and real estate stocks leading losses. The broader All Ordinaries index ended down 0.54 percent at 9,234.30.

Buy-now, pay-later provider Zip Co soared over 20 percent on solid earnings and comments surrounding a planned Nasdaq listing. Fast food chain Guzman Y Gomez slumped 18.2 percent after posting weak Australian sales growth.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index fell 1.15 percent to 13,042.76, snapping a two-day rally.

Casino operator SkyCity Entertainment plunged 29 percent after emerging from a trading halt on capital raise announcement.

The dollar extended gains after reports emerged that the U.S. Justice Department is considering investigating Fed Governor Lisa Cook.

Gold drifted lower while oil prices rose as hopes for an imminent peace deal between Russia and Ukraine dimmed.

Overnight, U.S. stocks ended mostly lower as Walmart reported weaker than expected second quarter earnings and new data showed the number of Americans filing new applications for jobless benefits rose by the most in about three months last week, adding to signs of a slowing labor market.

On the contrary, U.S. business activity picked up pace in August and existing home sales posted a surprising rebound in July.

The S&P 500 dropped 0.4 percent to end lower for the fifth consecutive session while the tech-heavy Nasdaq Composite and the Dow both fell around 0.3 percent.

Malaysia Stock Market Expected To Open To The Upside On Wednesday

The Malaysia stock market on Tuesday wrote a finish to the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau although it's likely to rebound on Wednesday.

RTTNews | Před 32 minutami

Japan Stock Market May See Renewed Support

The Japan stock market on Tuesday halted the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just beneath the 42,400-point plateau although it's expected to open in the green on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead. The Nikkei finished sharply lower on Tuesday following losses from the financial shares, technology stocks and automobile producers. For the day, the index slumped 413.42 points or 0.97 percent to finish at 42,394.40 after trading between 42,137.62 and 42,703.27. Among the actives, Nissan Motor plummeted 6.25 percent, while Mazda Motor added 0.40 percent, Toyota Motor retreated 1.41 percent, Honda Motor tumbled 1.71 percent, Softbank Group dropped 0.91 percent, Mitsubishi UFJ Financial sank 0.72 percent, Mizuho Financial shed 0.45 percent, Sumitomo Mitsui Financial skidded 1.01 percent, Mitsubishi Electric tumbled 1.91 percent, Sony Group declined 1.87 percent, Panasonic Holdings slumped 1.11 percent and Hitachi contracted 1.63 percent.

RTTNews | Před 47 minutami

Rebound Tipped For South Korea Stock Market

The South Korea stock market on Tuesday ended the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,180-point plateau although it may reverse those losses on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | Před 1 h 2 min

Australia Construction Work Data Due On Wednesday

Australia will on Wednesday see Q2 numbers for construction work done, highlighting a light day for Asia-Pacific economic activity.

RTTNews | Před 2 h 2 min

U.S. Dollar Falls Against Majors

The U.S. dollar dropped against its major counterparts in the New York session on Tuesday.

RTTNews | Před 3 h 14 min

TSX Modestly Higher As Financials, Mining Stocks Move Up

Despite concerns about global trade, and political uncertainty in Europe, the Canadian market is modestly higher Tuesday afternoon, supported by gains in materials, industrials and financials sectors.

RTTNews | Před 5 h 36 min

Swiss Market Settles Weak

After opening with a big negative gap Tuesday morning, the Swiss market gradually recovered some lost ground, and even managed a brief spell in positive territory midway through the session, but failed to sustain momentum and finally ended the day's session in the red.

RTTNews | Před 5 h 53 min

European Stocks Close Lower On Political Concerns, Tariff Worries

European stocks closed weak on Tuesday, weighed down by political uncertainty in France, and lingering concerns about tariffs and their impact on global economic growth.

RTTNews | Před 6 h 17 min

EURUSD	1.16397	GBPUSD	1.34772	AUDUSD	0.64961
USDJPY	147.43	USDCAD	1.38331	USDCHF	0.80363