Asian Shares Mixed Amid China Concerns

RTTNews | hace 564

(RTTNews) - Asian stocks turned in a mixed performance on Friday, with Chinese and Hong Kong markets underperforming after wealth manager Zhongzhi Enterprise Group told investors it is heavily insolvent with up to $64 billion in liabilities. Trading volumes were muted due to a holiday in the U.S. for Thanksgiving.

The dollar ticked lower in Asian trade while Treasury yields climbed on expectations that U.S. interest rates will remain elevated.

Gold was little changed but poised for a second weekly gain. Oil prices were on course to post their first weekly gain on hopes of OPEC+ supply cuts.

China's Shanghai Composite index dropped 0.68 percent to 3,040.97, with property stocks in focus on hopes for more supportive policy measures. Beijing prepared a whitelist of developers that would have easy access to financing.

Hong Kong's Hang Seng index fell 1.96 percent to 17,559.42. Chow Tai Fook Jewlery fell nearly 11 percent after revenue in mainland China dropped during the first half of FY24.

Japanese stocks rose in catch-up trade after a holiday on Thursday. The Nikkei average pared early gains to end 0.52 percent higher at 33,625.53 after the release of weaker-than-expected consumer inflation data for October.

The broader Topix index settled 0.54 percent higher at 2,390.94 as a weaker yen bolstered exporters' stocks. Automakers Honda Motor, Nissan, Toyota and Mazda Motor climbed 2-3 percent.

Seoul stocks ended notably lower, with the Kospi average finishing down 0.73 percent at 2,496.63.

Australian markets edged up slightly, with miners, banks and energy stocks leading the surge. The benchmark S&P/ASX 200 rose 0.17 percent to 7,040.80 while the broader All Ordinaries index settled 0.14 percent higher at 7,244.10.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index ended up 0.21 percent at 11,211.22.

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, amid easing trade war tensions between the US and China after the two superpowers began high-level trade talks in London, with negotiations expected to continue on Tuesday. The tariff war between the two countries has already rattled the global economy.

RTTNews | hace 40 minutos

Sensex, Nifty Seen Higher At Open As Sino-US Talks Continue

Indian shares look set to open on a positive note Tuesday as top officials from the U.S. and China continue their trade talks for a second day today to resolve their differences and ease tensions over rare-earth minerals and technology shipments.

RTTNews | hace 1h 7min

Thai Bourse May Extend Losing Streak

The Thai stock market has ticked lower in back-to-back sessions, slipping more than 5 points or 0.4 percent along the way. The Stock Exchange of Thailand now rests just above the 1,135-point plateau and it may take further damage on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.

RTTNews | hace 1h 38min

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Tuesday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 moving up to near the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks were the only weak spot.

RTTNews | hace 2h 0min

Lower Open Anticipated For Indonesia Stock Market

Ahead of the long holiday weekend for Eid-al-Adha, the Indonesia stock market had moved higher in back-to-back sessions, gathering almost 70 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,110-point plateau although it's likely to open under pressure on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference. The JCI finished modestly higher on Thursday following gains from the financials and mixed performances from the resource and cement companies. For the day, the index added 44.39 points or 0.63 percent to finish at 7,113.42 after trading between 7,083.89 and 7,136.64. Among the actives, Bank CIMB Niaga sank 0.87 percent, while Bank Mandiri climbed 1.00 percent, Bank Negara Indonesia spiked 2.79 percent, Bank Central Asia shed 0.56 percent, Bank Rakyat Indonesia collected 0.49 percent, Indosat Ooredoo Hutchison added 0.48 percent, Indocement advanced 0.98 percent, Semen Indonesia tumbled 1.79 percent, Indofood Sukses Makmur dropped 0.91 percent, United Tractors perked 0.12 percent, Energi Mega Persada plunged 4.24 percent, Astra Agro Lestari retreated 1.26 percent, Aneka Tambang tanked 2.82 percent, Vale Indonesia plummeted 4.13 percent, Timah rallied 2.07 percent, Bumi Resources soared 2.50 percent and Astra International and Bank Danamon Indonesia were unchanged.

RTTNews | hace 2h 8min

Hong Kong Shares Tipped To Open In The Red On Tuesday

The Hong Kong stock market bounced higher again on Monday, one session after ending the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,180-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.

RTTNews | hace 2h 23min

Australian Market Notably Higher

The Australian stock market is trading notably higher on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,550 level, with gains across most sectors led by technology and energy stocks. Gold miners were the only weak spot.

RTTNews | hace 2h 28min

China Stock Market Due For Consolidation On Tuesday

The China stock market has finished higher in five straight sessions, advancing more than 50 points or 1.5 percent along the way. The Shanghai Composite Index now sits just beneath the 3,400-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.

RTTNews | hace 2h 38min

EURUSD	1.1399	GBPUSD	1.3539	AUDUSD	0.65231
USDJPY	144.891	USDCAD	1.3707	USDCHF	0.82272

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Asian Shares Mixed Amid China Concerns