KOSPI May Reclaim The 2,500-Point Level

RTTNews | hace 202

(RTTNews) - The South Korea stock market on Tuesday snapped the two-day slide n which it had stumbled more than 80 points or 3.1 percent. The KOSPI now rests just above the 2,480-point plateau and it may see additional support on Wednesday.

The global forecast for the Asian markets is upbeat on easing concerns of a trade war. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.

The KOSPI finished sharply higher on Tuesday following gains from the financials and technology stocks, while the chemicals were soft and the industrials were mixed.

For the day, the index climbed 27.74 points or 1.13 percent to finish at 2,481.69 after trading between 2,471.63 and 2,508.35. Volume was 473 million shares worth 18.8 trillion won. There were 690 gainers and 207 decliners. Among the actives, Shinhan Financial collected 1.59 percent, while KB Financial jumped 2.82 percent, Hana Financial soared 3.71 percent, Samsung Electronics rallied 3.33 percent, Samsung SDI slumped 1.20 percent, LG Electronics rose 0.26 percent, SK Hynix perked 0.10 percent, Naver added 0.69 percent, LG Chem plummeted 4.05 percent, Lotte Chemical skidded 1.11 percent, SK Innovation fell 0.26 percent, POSCO Holdings plunged 4.83 percent, SK Telecom shed 0.36 percent, Hyundai Mobis tumbled 1.75 percent, Hyundai Motor lost 0.50 percent, Kia Motors gained 0.62 percent and KEPCO was unchanged.

The lead from Wall Street is positive as the major averages opened mixed on Tuesday but trended upward throughout the session to finish solidly in the green and at session highs.

The Dow climbed 134.13 points or 0.30 percent to finish at 44,556.04, while the NASDAQ rallied 262.06 points or 1.35 percent to close at 19,654.02 and the S&P 500 gained 43.31 points or 0.72 percent to end at 6,037.88.

The strength on Wall Street partly reflected easing concerns about a global trade war after President Donald Trump agreed to pause 25 percent tariffs on imports from Mexico and Canada for a month.

Positive sentiment was also generated in reaction to a report from the Labor Department showing job openings in the U.S. fell by much more than expected in December.

The data led to some optimism about the outlook for interest rates ahead of the release of the Labor Department's more closely watched monthly jobs report on Friday.

Oil prices fell on Tuesday as Trump agreed to postpone levies on Canada and Mexico's exports to the United States. West Texas Intermediate Crude oil futures for March settled at $72.70 a barrel, down $0.46 or about $0.63 percent.

Closer to home, South Korea will release January numbers for consumer prices later this morning. Inflation is expected to increase 0.4 percent on month and 2.0 percent on year after rising 0.4 percent on month and 1.9 percent on year in December.

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 | hace 11 minutos

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 | hace 26 minutos

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 | hace 28 minutos

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 | hace 41 minutos

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.

RTTNews | hace 1h 11min

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 | hace 1h 40min

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.

RTTNews | hace 2h 11min

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral 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. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | hace 2h 26min

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