Continued Consolidation Called For KOSPI

RTTNews | Před 936 dny

(RTTNews) - The South Korea stock market on Wednesday snapped the two-day winning streak in which it had advanced more than 30 points or 1.2 percent. The KOSPI now sits just above the 2,575-point plateau and it may take further damage on Thursday.

The global forecast for the Asian markets is cautious as the debt ceiling situation looks to enter the home stretch. The European and U.S. markets were down and the Asian bourses figure to open in similar fashion.

The KOSPI finished modestly lower on Wednesday following losses from the oil, chemical and technology stocks, while the financials and industrials were mixed.

For the day, the index lost 8.40 points or 0.32 percent to finish at 2,577.12 after trading between 2,575.98 and 2,596.31. Volume was 670.12 million shares worth 14.61 trillion won. There were 558 decliners and 303 gainers.

Among the actives, Shinhan Financial shed 0.43 percent, while KB Financial sank 0.72 percent, Hana Financial collected 0.48 percent, Samsung Electronics retreated 1.24 percent, LG Electronics stumbled 1.68 percent, SK Hynix declined 1.54 percent, Naver skidded 0.99 percent, LG Chem slumped 1.28 percent, Lotte Chemical slid 0.42 percent, S-Oil tumbled 1.77 percent, SK Innovation surrendered 1.46 percent, POSCO dropped 0.83 percent, SK Telecom lost 0.60 percent, KEPCO surged 3.08 percent, Hyundai Mobis eased 0.22 percent, Hyundai Motor dipped 0.25 percent, Kia Motors added 0.35 percent and Samsung SDI was unchanged.

The lead from Wall Street is weak as the major averages opened solidly lower on Wednesday, making back some of the ground as the day progressed but still ending firmly in the red.

The Dow dropped 134.51 points or 0.41 percent to finish at 32,908.27, while the NASDAQ shed 82.14 points or 0.63 percent to close at 12,935.29 and the S&P 500 slumped 25.69 points or 0.61 percent to end at 4,179.83.

The weakness on Wall Street came as traders kept a close eye on developments regarding the bill to raise the U.S. debt ceiling and avoid potentially disastrous default. The debt bill, which advanced out of the House Rules Committee on Tuesday, is set to be voted on in the House any time now.

In economic news, the Labor Department said that job openings rose to 10.1 million in April from a revised 9.7 million in March. Economists had expected job openings to fall to 9.4 million.

Crude oil prices fell sharply on Wednesday as worries about fuel demand resurfaced, while a stronger dollar also weighed on oil prices. West Texas Intermediate Crude oil futures for July slumped $1.37 or 2 percent at $68.09 a barrel.

Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

RTTNews | Před 1 h 41 min

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | Před 2 h 16 min

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.

RTTNews | Před 2 h 22 min

Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | Před 2 h 31 min

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

RTTNews | Před 2 h 41 min

Higher Open Called For Taiwan Stock Market

The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 680 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just beneath the 28,150-point plateau and it figures to open to the upside again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | Před 3 h 1 min

Singapore Bourse May Extend Monday's Gains

The Singapore stock market on Monday wrote a finish to the four-day losing streak in which it had slipped more than 20 points or 0.4 percent. The Straits Times Index now sits just above the 4,610-point plateau and it's expected to open to the upside again on Tuesday.

RTTNews | Před 3 h 31 min

Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | Před 4 h 1 min

EURUSD	1.17747	GBPUSD	1.34821	AUDUSD	0.66672
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