Singapore Stock Market Likely Rangebound On Thursday

RTTNews | vor 551 Tagen

(RTTNews) - The Singapore stock market on Wednesday ended the four-day winning streak in which it had rallied almost 110 points or 3.2 percent. The Straits Times Index now sits just shy of the 3,220-point plateau and it figures to see little movement on Thursday.

The global forecast for the Asian markets is murky, with a lack of direction over the outlook for interest rates. The European and U.S. markets were mixed and little changed and the Asian bourses figure to follow suit.

The STI finished modestly lower on Wednesday following losses from the financial shares, property stocks and industrial issues.

For the day, the index dropped 26.95 points or 0.83 percent to finish at 3,217.11 after trading between 3,214.53 and 3,247.63.

Among the actives, Ascendas REIT advanced 0.36 percent, while CapitaLand Integrated Commercial Trust dropped 1.02 percent, CapitaLand Investment stumbled 1.71 percent, City Developments slid 0.33 percent, Comfort DelGro jumped 1.44 percent, DBS Group lost 0.64 percent, Genting Singapore plunged 3.77 percent, Hongkong Land spiked 2.15 percent, Keppel DC REIT skidded 1.14 percent, Keppel Ltd tumbled 1.76 percent, Mapletree Industrial Trust declined 1.27 percent, Mapletree Logistics Trust shed 0.66 percent, Oversea-Chinese Banking Corporation fell 0.52 percent, SATS tanked 2.94 percent, Seatrium Limited surged 3.09 percent, SembCorp Industries plummeted 5.68 percent, SingTel sank 0.84 percent, Wilmar International rallied 0.62 percent, Yangzijiang Financial retreated 1.52 percent, Yangzijiang Shipbuilding slumped 1.18 percent and Mapletree Pan Asia Commercial Trust, Singapore Technologies Engineering, Thai Beverage and Emperador were unchanged.

The lead from Wall Street offers little guidance as the major averages opened lower on Wednesday and spent the vast majority of the session in the red, with only a late spurt lifting the Dow and S&P barely into the green.

The Dow added 48.44 points or 0.13 percent to finish at 38,612.24, while the NASDAQ lost 49.91 points or 0.32 percent to close at 15,580.87 and the S&P 500 rose 6.29 points or 0.13 percent to end at 4,981.80.

Concerns about the outlook for interest rates weighed on the markets for much of the session, with the major averages falling to their worst levels after the minutes of the Federal Reserve's latest monetary policy meeting revealed most officials remain wary of cutting interest rates "too quickly."

However, the Fed said a couple of participants pointed to downside risks to the economy associated with maintaining an overly restrictive stance for too long. The late-day recovery may have reflected expectations the Fed will still eventually cut interest rates.

Oil prices rebounded from early losses and settled higher on Wednesday as concerns about supply disruptions in the Middle East outweighed weak outlook for demand. West Texas Intermediate Crude oil futures for April ended higher by $0.87 or 1.1 percent at $77.91 a barrel.

Australian Market Extends Early Losses In Mid-market

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RTTNews | vor 1Std 2 Minuten

Asian Markets Track Wall Street Lower

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RTTNews | vor 1Std 23 Minuten

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RTTNews | vor 1Std 54 Minuten

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | vor 2Std 34 Minuten

Japanese Market Significantly Lower

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RTTNews | vor 3Std 2 Minuten

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | vor 3Std 4 Minuten

Hong Kong Shares May Be Stuck In Neutral On Tuesday

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RTTNews | vor 3Std 19 Minuten

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | vor 3Std 22 Minuten

EURUSD	1.16307	GBPUSD	1.34581	AUDUSD	0.64782
USDJPY	147.749	USDCAD	1.38561	USDCHF	0.80549