Hong Kong Shares Due For Support On Monday

RTTNews | vor 764 Tagen

(RTTNews) - The Hong Kong stock market has moved lower in consecutive trading days, slumping more than 620 points or 3.5 percent in that span. The Hang Seng Index now rests just above the 17,450-point plateau although it may stop the bleeding on Monday.

The global forecast for the Asian markets remains upbeat on optimism over the outlook for interest rates. The European and U.S. markets were up and the Asian bourses are tipped to open in similar fashion.

The Hang Seng finished sharply lower on Friday with damage in all sectors, especially among the finance, oil, property and technology companies.

For the day, the index plummeted 378.61 points or 2.12 percent to finish at 17,454.19 after trading between 17,413.46 and 17,631.04.

Among the actives, Alibaba Group plummeted 9.96 percent, while Alibaba Health Info plunged 6.33 percent, ANTA Sports surrendered 4,00 percent, China Life Insurance sank 1.44 percent, China Mengniu Dairy dropped 1.80 percent, China Resources Land stumbled 3.81 percent, CITIC retreated 2.50 percent, CNOOC slumped 2.15 percent, Country Garden tanked 4.55 percent, CSPC Pharmaceutical climbed 1.18 percent, Galaxy Entertainment added 0.47 percent, Hang Lung Properties fell 0.90 percent, Henderson Land rose 0.23 percent, Hong Kong & China Gas was down 0.72 percent, Industrial and Commercial Bank of China skidded 1.83 percent, JD.com declined 2.41 percent, Lenovo rallied 1.26 percent, Li Ning weakened 2.12 percent, Meituan tumbled 3.94 percent, New World Development shed 1.42 percent, Techtronic Industries slid 0.73 percent, Xiaomi Corporation jumped 1.53 percent and WuXi Biologics lost 1.05 percent.

The lead from Wall Street is cautiously optimistic as the major averages opened lower on Friday but broke into the green by midday and finished with mild gains.

The Dow rose 1.78 points or 0.01 percent to finish at 34,947.28, while the NASDAQ added 11.78 points or 0.08 percent to close at 14,125.48 and the S&P 500 gained 5.78 points or 0.13 percent to end at 4,514.02.

For the week, the NASDAQ surged 2.4 percent, the S&P jumped 2.2 percent and the Row rallied 1.9 percent.

Optimism about the outlook for interest rates has contributed to the recent advance, as the latest data has shown signs of easing inflation.

In economic news, the Commerce Department released a report showing an unexpected increase in new residential construction and building permits in October.

Crude oil futures spiked on Friday, but the most active futures contract still posted its fourth straight weekly loss amid concerns about the outlook for near term energy demand. West Texas Intermediate Crude oil futures for December jumped $2.99 or 4.1 percent at $75.89 a barrel. WTI crude futures shed 4 percent in the week.

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading 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 8,750 level, with gains across most sectors led by financial and technology stocks.

RTTNews | vor 2Std 23 Minuten

Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.

RTTNews | vor 2Std 31 Minuten

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets extend their gains boosted continued strength among technology stocks. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly higher on Monday.

RTTNews | vor 2Std 35 Minuten

Canadian Dollar Rises Against U.S. Dollar

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

RTTNews | vor 3Std 56 Minuten

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 | vor 4Std 32 Minuten

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 | vor 4Std 38 Minuten

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 | vor 4Std 47 Minuten

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 | vor 4Std 57 Minuten

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