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
U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
RTTNews | Před 2 h 37 min
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
RTTNews | Před 2 h 40 min
Bay Street Likely To Open On Negative Note

Bay Street Likely To Open On Negative Note

Canadian shares are likely to open with a negative bias on Thursday as trade concerns, and Middle East tensions may weigh on sentiment. A lack of specifics in the framework agreed to by U.S. and Chinese officials on Tuesday has raised uncertainty about the two nations reaching an agreement anytime soon.
RTTNews | Před 3 h 24 min
U.S. Producer Prices Inch Up Less Than Expected In May

U.S. Producer Prices Inch Up Less Than Expected In May

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May.
RTTNews | Před 3 h 50 min
Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Co. shares are currently down around 8 percent in the pre-market activity on the NYSE after an Air India aircraft headed to London with 242 people onboard crashed immediately after take-off in the Indian city of Ahmedabad. The plane, a Boeing 787-8 Dreamliner headed to Gatwick Airport in the UK, crashed in a civilian area near the Sardar Vallabhbhai Patel International Airport.
RTTNews | Před 4 h 9 min
FTSE 100 Recovers After Weak Start, Up Marginally

FTSE 100 Recovers After Weak Start, Up Marginally

After opening on a negative note amid trade tensions and data showing a contraction in the nation's GDP growth in April, U.K. stocks recovered some lost ground on Thursday. Still, amid uncertainty about China and the U.S. agreeing on a concrete trade deal anytime soon, and lingering concerns about the European Union finalizing a trade deal before the July 8 deadline, the mood in the market remain
RTTNews | Před 4 h 19 min
GameStop Shares Plunge After Plan To Raise $1.75 Bln

GameStop Shares Plunge After Plan To Raise $1.75 Bln

Shares of GameStop Corp. plunged around 11 percent in the extended trading on Wednesday and are currently trading 13 percent lower in the pre-market activity on the NYSE, after the company announced plan to raise $1.75 billion again in private offering, probably for Bitcoin purchase. GameStop's shares had declined sharply in March after the firm announced a $1.3 billion private offering.
RTTNews | Před 5 h 20 min