Asian Shares Muted As Trade Worries Persist

RTTNews | Před 80 dny

(RTTNews) - Asian stocks ended mixed in lackluster trading on Friday despite the leaders of the U.S. and China agreeing to further talks aimed at reaching a deal.

U.S. President Donald Trump described a phone call with his Chinese counterpart as "very good" and said it "resulted in a very positive conclusion for both countries."

Traders also reacted to a hawkish ECB rate cut and braced for a soft U.S. employment report later in the day for additional clues on the Fed's rate trajectory.

Economists expect U.S. employment to increase by 130,000 jobs in May after an increase of 177,000 jobs in April. The unemployment rate is expected to hold at 4.2 percent.

Gold prices inched higher in Asian trade and headed for a weekly gain as the U.S. dollar faced a weekly loss amid signs of economic weakness and stalled trade talks. Oil dipped but headed for its first weekly gain in three as optimism over peak seasonal demand offset lingering concerns about oversupply.

China's Shanghai Composite index finished marginally higher at 3,385.36 while Hong Kong's Hang Seng index fell 0.48 percent to 23,792.54 as Trump's phone call left key issues unresolved.

Japanese markets rose on a weaker yen and due to increased demand for the index futures ahead of the June 13 fixing of special quotation prices.

The Nikkei average gained half a percent to close at 37,741.61 as Japan and the U.S. continue trade negotiations toward a win-win deal. The broader Topix index settled 0.47 percent higher at 2,769.33.

Tech heavyweights Advantest and Tokyo Electron climbed 2.2 percent and 1.3 percent, respectively. Automakers Honda and Nissan both rose around 1.3 percent.

Investors shrugged off data that showed Japan's exports fell in the first 20 days of May due to tariff woes.

South Korean markets remained closed for a public holiday. Australian markets ended slightly lower in choppy trade, dragged down by tech stocks, miners and financials.

The benchmark S&P/ ASX 200 slid 0.27 percent to 8,515.70 while the broader All Ordinaries index closed 0.30 percent lower at 8,741.90.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index ended down 0.11 percent at 12,563.48.

U.S. stocks fluctuated before ending in the red overnight as investors weighed potential progress in U.S.-China trade talks against another round of downbeat economic data.

China and the U.S. have agreed to more tariff talks amid a trade standoff and concerns over rare earths, President Donald Trump said after speaking to Xi Jinping over the phone.

In economic news, weekly jobless claims hit a seven-month high, while a record drop in imports resulted in the narrowest U.S. trade gap since November 2023.

Fed policymakers indicated on Thursday that inflation remains a greater concern than labor market cooling, suggesting a prolonged hold on monetary policy adjustments.

The tech-heavy Nasdaq Composite fell 0.8 percent, the S&P 500 gave up half a percent and the narrowed Dow closed 0.3 percent lower.

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red 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 45 minutami

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | Před 1 h 12 min

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to 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 7,925-point plateau although it's looking at a soft start 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 15 min

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure 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 30 min

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | Před 1 h 33 min

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | Před 1 h 45 min

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected 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. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | Před 2 h 15 min

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 2 h 45 min

EURUSD	1.16341	GBPUSD	1.34628	AUDUSD	0.64803
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