Asian Shares Muted Before Trump's New Tariff Announcement

RTTNews | Před 70 dny
Asian Shares Muted Before Trump's New Tariff Announcement

(RTTNews) - Asian stocks ended on a muted note on Wednesday as caution prevailed ahead of U.S. President Donald Trump's sweeping tariffs announcement expected later in the day.

Treasury yields advanced after a multi-day drop and the dollar held steady, pushing gold prices down from new record highs reached earlier this week.

Oil extended losses on concerns that new U.S. tariffs may drag on global growth and weigh on fuel demand.

China's Shanghai Composite finished marginally higher at 3,350.13 after a choppy session. Hong Kong's Hang Seng index gave up early gains to end marginally down at 23,202.53.

Japanese markets ended slightly higher after a choppy session. The Nikkei average rose 0.28 percent to 35,725.87 while the broader Topix index settled 0.43 percent lower at 2,650.29.

Uniqlo-owner Fast Retailing rallied 3.7 percent and chip-testing equipment maker Advantest climbed 2.6 percent while energy stocks tracked crude prices lower.

Seoul stocks fell notably, with the Kospi average ending down 0.62 percent at 2,505.86. Hyundai Motor, Hyundai Steel and Posco Holdings gave up 1-3 percent.

Australian markets edged up slightly, with property developers, financials and technology stocks pacing the gainers. Mining and energy stocks fell, limiting overall gains in the broader market.

The benchmark S&P/ASX 200 ended up 0.12 percent at 7,934.50 while the broader All Ordinaries index finished marginally higher at 8,133.10.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index ended flat with a positive bias at 12,320.19.

U.S. stocks fluctuated before finishing higher overnight ahead of the impending tariff announcements, with the Washington Post noting that White House aides have drafted a proposal to impose tariffs of around 20 percent on most imports to the United States, but several options are on the table.

Investors shrugged off data that showed activity in the U.S. manufacturing sector contracted in March after two consecutive months of expansion.

Job openings fell in February, but layoffs remained subdued, adding to evidence of a gradually cooling labor market.

The tech-heavy Nasdaq Composite surged 0.9 percent and the S&P 500 rose 0.4 percent after hitting six-month intraday lows on Monday. The Dow finished marginally lower.

read more
Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Indian shares look set to open lower on Thursday as oil prices climbed on signs of rising tensions in the Middle East and U.S. President Donald Trump said he would notify trading partners within the next one to two weeks about the new unilateral tariff rates, with the choice to accept or reject them.
RTTNews | Před 37 minutami
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may be stuck in neutral on Thursday.
RTTNews | Před 1 h 10 min
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | Před 1 h 32 min
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | Před 1 h 40 min
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | Před 1 h 52 min
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | Před 1 h 55 min
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | Před 2 h 40 min
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
RTTNews | Před 3 h 10 min