Little Movement Seen For South Korea Stock Market

RTTNews | Před 44 dny
Little Movement Seen For South Korea Stock Market

(RTTNews) - The South Korea stock market has moved higher in back-to-back sessions, collecting more than 25 points or 1 percent in that span. The KOSPI now sits just beneath the 2,550-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is mixed with a touch of upside amidst a lack of catalysts. The European markets were up slightly and the U.S. bourses were mixed and little changed and the Asian markets figure to split the difference. The KOSPI finished slightly higher on Monday following gains from the industrial, weakness from the technology and chemical companies and a mixed picture from the financial sector. For the day, the index rose 2.56 points or 0.10 percent to finish at 2,548.86 after trading between 2,541.97 and 2,558.69. Volume was 449.07 million shares worth 7.73 trillion won. There were 519 decliners and 366 gainers. Among the actives, Shinhan Financial sank 0.80 percent, while KB Financial fell 0.35 percent, Hana Financial collected 1.31 percent, Samsung Electronics perked 0.18 percent, Samsung SDI shed 0.49 percent, LG Electronics dropped 0.84 percent, SK Hynix retreated 1.30 percent, Naver climbed 1.03 percent, LG Chem stumbled 1.56 percent, Lotte Chemical tanked 2.83 percent, SK Innovation gained 0.42 percent, POSCO advanced 0.97 percent, SK Telecom plummeted 6.75 percent, KEPCO improved 1.19 percent, Hyundai Mobis was up 0.40 percent, Hyundai Motor rose 0.11 percent and Kia Motors added 0.57 percent.

The lead from Wall Street suggests little movement as the major averages opened higher on Monday, slumped mid-session but rallied to finish mixed and little changed.

The Dow advanced 114.09 points or 0.28 percent to finish at 40,227.59, while the NASDAQ eased 16.81 points or 0.10 percent to close at 17,366.13 and the S&P 500 perked 3.54 points or 0.06 percent to end at 5,528.75.

The choppy trading on Wall Street came as traders seemed reluctant to make significant moves as they look ahead to the release of key earnings and economic news in the coming days.

Quarterly results are due from the likes of Amazon (AMZN), Apple (AAPL), Meta Platforms (META) and Microsoft (MSFT), Coca-Cola (KO), Visa (V), Eli Lilly (LLY), Chevron (CVX) and Exxon Mobil (XOM).

The Labor Department's monthly jobs report is also likely to be in focus later this week along with the Federal Reserve's preferred readings on consumer price inflation.

Crude oil prices continued to slump on concerns over tariff threats and their likely impact on the global economy. West Texas Intermediate crude for June delivery was down $115 or 1.82 percent to $61.87 per barrel.

read more
European Economic News Preview: UK GDP, Foreign Trade Data Due

European Economic News Preview: UK GDP, Foreign Trade Data Due

Monthly GDP, industrial production and foreign trade from the UK are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. The economy is forecast to shrink 0.1 percent on a monthly basis in April, reversing a 0.2 percent rise in March.
RTTNews | Před 2 h 2 min
Sensex, Nifty Subdued In Cautious Trade

Sensex, Nifty Subdued In Cautious Trade

Indian shares were subdued on Thursday as investors assessed U.S. President Donald Trump's declaration that a trade deal with China was "done" and that he would set unilateral tariff rates for trading partners within two weeks.
RTTNews | Před 2 h 18 min
Australian Market Doubles Early Gains In Mid-market

Australian Market Doubles Early Gains In Mid-market

The Australian market is doubling its early gains in mid-market moves 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 above the 8,600 level, with gains in gold miners and energy stocks partially offset by weakness in iron ore miners.
RTTNews | Před 2 h 42 min
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, after US President Donald Trump said he and Chinese President Xi Jinping "are going to work closely together to open up China to American Trade." However, signs of escalating geopolitical tensions in the Middle East are weighing on market sentiment.
RTTNews | Před 3 h 33 min