Swiss Market Ends Slightly Up

RTTNews | vor 182 Tagen

(RTTNews) - Despite spending much of the day's session in positive territory, the Switzerland market closed just marginally up on Monday, as stocks pared gains past noon and even fell into negative territory in the final hour.

Investors digested Swiss employment data, and the results of German general election.

According to a report from Swiss Federal Statistical Office, Switzerland's non-farm payrolls increased by 0.9% year-on-year to a fresh record high of 5.534 million in the fourth quarter of 2024, following a 1.2% gain in the previous three-month period.

In the German federal election, the Christian Democratic Union of Germany (CDU), led by Friedrich Merz, emerged victorious.

The CDU is reportedly negotiating to form a coalition government with Social Democratic Party (SPD), which could lead to pro-growth policies and reforms.

The benchmark SMI ended with a small gain of 4.57 points or 0.04% at 12,953.17. The index, which climbed to 13,016.64, dropped to a low of 12,899.81 in late afternoon trade.

Nestle gained 3.15%. Swatch Group climbed 2.74% and Givaudan ended nearly 2% up. Kuehne + Nagel, Lindt & Spruengli and Zurich Insurance Group ended higher by 1.45%, 1.35% and 1.07%, respectively.

Adecco, Swisscom, Swiss Life Holding and SIG Group gained 0.5 to 0.9%.

ABB ended down 4.7% and Straumann Holding lost 4.29%. Partners Group closed lower by 3.83%, while VAT Group and Sika ended down 2.29% and 2.27%, respectively.

Holcim, Richemont, Schindler Ps, Alcon, UBS Group and Geberit also ended notably lower.

Shares of Belimo Holding tumbled nearly 8% on weak sales guidance.

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

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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.

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Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure 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 33 Minuten

Australian Market Modestly Lower

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RTTNews | vor 36 Minuten

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | vor 48 Minuten

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside 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. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

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Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains 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 1Std 48 Minuten

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside 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.

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