Lower Open Predicted For Hong Kong Stock Market

RTTNews | vor 1027 Tagen

(RTTNews) - The Hong Kong stock market rebounded on Wednesday, one session after ending the four-day winning streak in which it had soared more than 410 points or 1.9 percent. The Hang Seng Index now sits just beneath the 21,680-point plateau although it's expected to open in the red again on Thursday,

The global forecast for the Asian markets is soft on renewed concerns over the outlook for interest rates and recession fears. The European markets were mixed and little changed and the U.S. bourses were sharply lower and the Asian markets are tipped to follow the latter lead.

The Hang Seng finished modestly higher on Wednesday following mixed performances from the technology stocks and the properties.

For the day, the index advanced 100.36 points or 0.47 percent to finish at 21,678.00 after trading between 21,422.19 and 21,691.67.

Among the actives, Alibaba Group shed 0.35 percent, while Alibaba Health Info sank 0.68 percent, ANTA Sports rallied 2.19 percent, China Life Insurance jumped 1.80 percent, China Mengniu Dairy retreated 0.81 percent, China Resources Land fell 0.13 percent, CITIC added 0.45 percent, CNOOC spiked 3.24 percent, Country Garden plummeted 5,51 percent, CSPC Pharmaceutical slumped 0.77 percent, Galaxy Entertainment soared 3.68 percent, Hang Lung Properties rose 0.13 percent, Henderson Land climbed 1.04 percent, Hong Kong & China Gas advanced 0.66 percent, Industrial and Commercial Bank of China collected 0.95 percent, JD.com tumbled 1.75 percent, Li Ning lost 0.21 percent, Meituan dropped 0.73 percent, New World Development declined 1.31 percent, Techtronic Industries surged 4.98 percent, Xiaomi Corporation strengthened 1.54 percent, WuXi Biologics eased 0.07 percent and Lenovo was unchanged.

The lead from Wall Street is broadly negative as the major averages were unable to hold early support on Wednesday, quickly heading south and finishing near daily lows.

The Dow plummeted 613,89 points or 1.81 percent to finish at 33,296.96, while the NASDAQ tumbled 138.10 points or 1.24 percent to close at 10,957.01 and the S&P 500 sank 62.11 points or 1.56 percent to end at 3,928.86.

The weakness that emerged on Wall Street came after St. Louis Fed President James Bullard commented that the central bank needs to quickly hike interest rates above 5 percent, shelving much of the recent optimism over interest rates.

Disappointing economic data also weighed as the Commerce Department reported a steep drop in U.S. retail sales in December. A separate report from the Federal Reserve showed industrial production in the U.S. fell by much more than expected in December.

As a result of the data, treasuries showed a substantial move to the upside, further stoking fears for the outlook of interest rates.

Crude oil futures settled lower on Wednesday amid concerns about a possible U.S. recession. West Texas Intermediate Crude oil futures for February ended lower by $0.70 or 0.9 percent at $79.48 a barrel.

Closer to home, Hong Kong will see December unemployment figures later today; in November, the jobless rate was 3.7 percent.

Taiwan Bourse Expected To Open In The Green On Tuesday

The Taiwan stock market has moved higher in two of three trading days since the end of the two-day losing streak in which it had given up more than 640 points or 2.3 percent. The Taiwan Stock Exchange now sits just beneath the 27,870-point plateau and it's likely to extend its gains on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | vor 1Std 12 Minuten

Japan Overall Bank Lending Climbs 4.1% Annually

Overall bank lending in Japan was up 4.1 percent on year in October, the Bank of Japan said on Tuesday - coming in at 650.798 trillion yen.

RTTNews | vor 1Std 13 Minuten

Japan Has Y4.483 Trillion Current Account Surplus

Japan posted a seasonally adjusted current account surplus of 4.483 trillion yen in September, the Ministry of Finance said on Tuesday - up 191.6 percent on year.

RTTNews | vor 1Std 17 Minuten

Renewed Support Anticipated For Singapore Stock Market

The Singapore stock market on Monday snapped the two-day winning streak in which it had climbed more than 75 points or 1.7 percent. The Straits Times Index now sits just beneath the 4,490-point plateau although it's expected to bounce higher again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The STI finished slightly lower following mixed performances from the financial shares, property stocks and industrial issues. For the day, the index slipped 4.11 points or 0.09 percent to finish at 4,488.13 after trading between 4,457.14 and 4,490.55. Among the actives, CapitaLand Ascendas REIT slipped 0.35 percent, while CapitaLand Integrated Commercial Trust added 0.43 percent, DBS Group stumbled 1.29 percent, DFI Retail Group and Yangzijiang Shipbuilding both gained 0.30 percent, Genting Singapore surged 3.36 percent, Hongkong Land shed 0.50 percent, Keppel DC REIT fell 0.42 percent, Keppel Ltd lost 0.49 percent, Mapletree Industrial Trust spiked 0.99 percent, Oversea-Chinese Banking Corporation soared 2.31 percent, SATS rallied 0.86 percent, Seatrium Limited jumped 0.93 percent, SembCorp Industries rose 0.16 percent, Singapore Technologies Engineering plunged 1.33 percent, SingTel slumped 0.65 percent, United Overseas Bank skidded 0.53 percent, Wilmar International advanced 0.61 percent, Yangzijiang Financial plummeted 51.42 percent and CapitaLand Investment, City Developments, Comfort DelGro, Thai Beverage, Mapletree Pan Asia Commercial Trust, Mapletree Logistics Trust, UOL Group and Frasers Centrepoint Trust were unchanged.

RTTNews | vor 1Std 42 Minuten

Win Streak May Continue For Malaysia Stock Market

The Malaysia stock market has moved higher in back-to-back sessions, collecting almost 10 points or 0.7 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,630-point plateau and it's expected to see additional support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The KLCI finished modestly higher on Monday following gains from the financial shares and telecoms and mixed performances from the plantations and industrials. For the day, the index added 8.25 points or 0.51 percent to finish at 1,627.38 after trading between 1,620.49 and 1,633.52. Among the actives, 99 Speed Mart Retail and CIMB Group both gained 0.66 percent, while AMMB Holdings increased 0.70 percent, Axiata surged 3.85 percent, Celcomdigi shed 0.27 percent, Gamuda advanced 0.79 percent, IHH Healthcare slumped 0.72 percent, IOI Corporation lost 0.25 percent, Kuala Lumpur Kepong perked 0.19 percent, Maxis soared 3.04 percent, Maybank collected 0.30 percent, MISC spiked 2.88 percent, MRDIY declined 1.23 percent, Nestle Malaysia sank 0.36 percent, Petronas Chemicals accelerated 2.82 percent, Petronas Dagangan rallied 1.69 percent, PPB Group added 0.69 percent, Press Metal strengthened 1.11 percent, QL Resources fell 0.24 percent, RHB Bank jumped 1.48 percent, SD Guthrie improved 0.74 percent, Sunway stumbled 1.65 percent, Telekom Malaysia rose 0.55 percent, Tenaga Nasional climbed 0.91 percent, YTL Corporation plunged 2.73 percent, YTL Power retreated 1.28 percent and Petronas Gas, Public Bank and Sime Darby were unchanged.

RTTNews | vor 2Std 12 Minuten

Japan Shares May Extend Monday's Gains

The Japan stock market has moved higher in two of three trading days since the end of the two-day slide in which it had plunged nearly 2,200 points or 4.2 percent. The Nikkei 225 now rests just above the 50,900-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The Nikkei finished sharply higher on Monday following gains from the financial shares and technology stocks, while the automobile producers were mixed. For the day, the index jumped 635.39 points or 1.26 percent to finish at 50,911.76 after trading between 50,392.44 and 50,969.50. Among the actives, Nissan Motor accelerated 2.11 percent, while Mazda Motor stumbled 2.06 percent, Toyota Motor rose 0.42 percent, Honda Motor plunged 4.67 percent, Softbank Group spiked 2.56 percent, Mitsubishi UFJ Financial and Mizuho Financial both collected 0.67 percent, Sumitomo Mitsui Financial added 0.65 percent, Mitsubishi Electric gathered 0.33 percent, Sony Group improved 0.59 percent, Panasonic Holdings perked 0.15 percent and Hitachi rallied 2.15 percent. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | vor 2Std 27 Minuten

KOSPI May Break Through 4,100-Point Barrier

The South Korea stock market has tracked higher in two of three trading days since the end of the two-day slide in which it had plummeted almost 220 points or 5 percent. The KOSPI sits just beneath the 4,075-point plateau and it's tipped to open in the green again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The KOSPI finished sharply higher on Monday with gains across the board, especially among the financial shares, technology stocks and industrials. For the day, the index surged 119.48 points or 3.02 percent to finish at 4,073.24 after trading between 3,984.24 and 4,092.91. Volume was 334 million shares worth 16.5 trillion won. There were 804 gainers and 98 decliners. Among the actives, Shinhan Financial collected 1.81 percent, while KB Financial spiked 4.28 percent, Hana Financial vaulted 4.57 percent, Samsung Electronics jumped 2.76 percent, Samsung SDI strengthened 2.94 percent, LG Electronics climbed 1.47 percent, SK Hynix rallied 4.48 percent, LG Chem expanded 3.93 percent, Lotte Chemical skyrocketed 7.12 percent, SK Innovation accelerated 3.97 percent, POSCO Holdings improved 1.51 percent, SK Telecom added 0.94 percent, KEPCO soared 4.88 percent, Hyundai Mobis gained 3.62 percent, Hyundai Motor increased 2.46 percent, Kia Motors surged 3.27 percent and Naver was unchanged.

RTTNews | vor 2Std 42 Minuten

Japan Current Account Data Due On Tuesday

Japan will on Tuesday release September figures for current account, highlighting a modest day for Asia-Pacific economic activity. The current account surplus is seen at 2.26 trillion yen, down from 246.35 trillion yen in the previous month.

RTTNews | vor 3Std 12 Minuten

EURUSD	1.15551	GBPUSD	1.31673	AUDUSD	0.65338
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