Rally May Stall For Japan Stock Market

RTTNews | hace 3
Rally May Stall For Japan Stock Market

(RTTNews) - The Japan stock market has moved higher in two straight sessions, surging more than 1,120 points or 2.8 percent along the way. The Nikkei 225 now sits just above the 43,710-point plateau although it may run out of steam on Tuesday.

The global forecast for the Asian markets is murky as investors wait for developments in the conflict between Russia and Ukraine. The European and U.S. markets were mixed and flat and the Asian bourses figure to follow suit.

The Nikkei finished modestly higher on Monday following gains from the automobile producers and mixed performances from the financial shares and technology stocks.

For the day, the index climbed 336.00 points or 0.77 percent to finish at 43,714.31 after trading between 43,390.22 and 43,835.12.

Among the actives, Nissan Motor accelerated 3.03 percent, while Mazda Motor jumped 1.73 percent, Toyota Motor rallied 1.72 percent, Honda Motor strengthened 1.56 percent, Softbank Group climbed 1.12 percent, Mitsubishi UFJ Financial stumbled 2.55 percent, Mizuho Financial surrendered 2.22 percent, Sumitomo Mitsui Financial tanked 2.30 percent, Mitsubishi Electric improved 1.49 percent, Sony Group tumbled 2.54 percent, Panasonic Holdings rose 0.26 percent and Hitachi dipped 0.16 percent.

The lead from Wall Street offers little guidance as the major averages opened mixed but moved little, hugging the line all day and ending on opposite sides.

The Dow shed 34.30 points or 0.08 percent to finish at 44,911.82, while the NASDAQ rose 6.80 points or 0.03 percent to close at 21,629.77 and the S&P 500 eased 0.65 points or 0.01 percent to end at 6,449.15.

The choppy trading on Wall Street came as traders kept an eye on the White House, where President Donald Trump met with Ukrainian President Volodymyr Zelenskyy and other European leaders.

The meetings at the White House come after Trump's meeting with Russian President Vladimir Putin last Friday which failed to result in a concrete agreement to end the conflict in Ukraine.

On the U.S. economic front, the National Association of Home Builders reported a modest deterioration by U.S. homebuilder confidence in the month of August.

Crude oil priced climbed on Monday as investors focused their attention on the meeting between the U.S. and Ukrainian presidents amid rising geopolitical tensions surrounding the Russian invasion of Ukraine. West Texas Intermediate crude for September delivery was up $0.60 or 0.96 percent at $63.40 per barrel.

read more
Yen Falls Amid BoJ Uncertainty

Yen Falls Amid BoJ Uncertainty

The Japanese yen weakened against other major currencies in the Asian session on Friday, as traders speculate uncertainty over the likely timing of the Bank of Japan's (BoJ) next rate hike.
RTTNews | hace 58 minutos
Sensex, Nifty Edge Lower; IT Stocks Drag On Trade Worries

Sensex, Nifty Edge Lower; IT Stocks Drag On Trade Worries

Indian shares opened on a weak note on Friday after a Trump administration official called India the 'Maharaja' of tariffs and ramped up his criticism over the trade ahead of an expected tariff increase on August 27.
RTTNews | hace 2h 4min
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | hace 2h 14min
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, giving up some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.
RTTNews | hace 3h 14min
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders remain cautious amid lingering uncertainty about the outlook for interest rates ahead of US Fed Chair Jerome Powell's highly anticipated speech at the Jackson Hole Economic Symposium later in the day. Asian markets ended mixed on Thursday.
RTTNews | hace 3h 38min
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares may open on a sluggish note on Friday following six consecutive sessions of gains on optimism about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).
RTTNews | hace 4h 4min
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese market is slightly higher on Friday, snapping a three-session losing streak, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 42,650 level, with gains across all sectors led by automakers and financial stocks as domestic inflation data beat expectations.
RTTNews | hace 4h 32min