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.

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 | vor 1Std 24 Minuten

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 | vor 1Std 54 Minuten

Japan Stock Market May Add To Its Winnings On Tuesday

The Japanese stock market has finished higher in two consecutive trading days, soaring more than 1,400 points or 2.7 percent along the way. The Nikkei 225 now sits just above the 50,400-point plateau and it may extend its gains 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. The Nikkei finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers. For the day, the index jumped 895.18 points or 1.81 percent to finish at 50,402.39 after trading between 49,982.20 and 50,590.88. Among the actives, Nissan Motor improved 0.75 percent, while Mazda Motor accelerated 4.34 percent, Toyota Motor advanced 0.91 percent, Honda Motor strengthened 1.61 percent, Softbank Group soared 4.09 percent, Mitsubishi UFJ Financial jumped 1.86 percent, Mizuho Financial vaulted 1.40 percent, Mitsubishi Electric rallied 1.74 percent, Panasonic Holdings spiked 3.47 percent and Hitachi expanded 1.89 percent.

RTTNews | vor 2Std 9 Minuten

Additional Support Called For South Korea Shares

The South Korea stock market has moved higher in two straight sessions, advancing more than 110 points or 2.7 percent along the way. The KOSPI now sits just above the 4,100-point plateau and it may add to its winnings 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 2Std 24 Minuten