Continued Consolidation Called For KOSPI

RTTNews | il y a 649
Continued Consolidation Called For KOSPI

(RTTNews) - The South Korea stock market has finished lower in five straight sessions, slumping almost 110 points or 4.2 percent along the way. The KOSPI now sits just above the 2,560-point plateau and it's looking at another soft start again on Wednesday.

The global forecast for the Asian markets is negative amid concerns about the outlook for interest rates. The European markets were down and the U.S. bourses were mixed and the Asian markets are expected to split the difference.

The KOSPI finished slightly lower again on Tuesday as losses from the industrials and energy stocks were offset by gains from the financials and a mixed picture from the technology companies.

For the day, the index slipped 6.58 points or 0.26 percent to finish at 2,561.24 after trading between 2,556.00 and 2,599.37. Volume was 782.4 million shares worth 8.76 trillion won. There were 573 gainers and 288 decliners.

Among the actives, Shinhan Financial collected 0.81 percent, while KB Financial added 0.38 percent, Hana Financial advanced 0.97 percent, Samsung Electronics tumbled 2.35 percent, Samsung SDI and Hyundai Mobis both dropped 0.92 percent, LG Electronics slumped 1.11 percent, SK Hynix climbed 1.03 percent, Naver rallied 1.32 percent, LG Chem declined 1.57 percent, Lotte Chemical gained 0.36 percent, S-Oil fell 0.30 percent, SK Innovation slid 0.30 percent, POSCO retreated 1.92 percent, SK Telecom improved 0.72 percent, KEPCO surged 3.18 percent, Hyundai Motor eased 0.05 percent and Kia Motors rose 0.22 percent.

The lead from Wall Street is soft as the major averages opened lower on Tuesday and largely stayed under water, although the NASDAQ managed to break barely into the green.

The Dow shed 157.85 points or 0.42 percent to finish at 37,525.16, while the NASDAQ rose 13.94 points or 0.09 percent to close at 14,857.71 and the S&P 500 slipped 7.04 points or 0.15 percent to end at 4,756.50.

The early weakness on Wall Street came as some traders looked to cash in on Monday's strong gains amid lingering uncertainty about the outlook for interest rates.

While the Federal Reserve is widely expected to leave interest rates unchanged later this month, traders have recently become increasingly skeptical about whether the central bank will cut rates in March.

In economic news, the Commerce Department released a report showing the U.S. trade deficit unexpectedly shrank in November.

Oil prices climbed higher on Tuesday as rising geopolitical risks raised concerns about possible supply and trade disruptions. West Texas Intermediate Crude oil futures for February settled higher by $1.47 at $72.24 a barrel.

read more
Taiwan Bourse May Reverse Friday's Losses

Taiwan Bourse May Reverse Friday's Losses

The Taiwan stock market on Friday wrote a finish to the two-day winning streak in which it had jumped more than 850 points or 2.9 percent. The Taiwan Stock Exchange now sits just above the 27,300-point plateau although it figures to rebound again on Monday.
RTTNews | il y a 19 minutes
Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japanese stock market on Friday ended the two-day winning streak in which it had rallied more than 1,425 points or 2.8 percent. The Nikkei 225 now sits just above the 47,580-point plateau although it may bounce higher again on Monday.
RTTNews | il y a 49 minutes
Win Streak May Continue For South Korea Shares

Win Streak May Continue For South Korea Shares

The South Korea stock market has tracked higher in three straight sessions, accelerating almost 190 points or 5 percent in that span. Now at another fresh record closing high, the KOSPI rests just beneath the 3,750-point plateau and it may add to its winnings again on Monday.
RTTNews | il y a 1h 19min
New Zealand Annual Inflation Climbs 3.0% On Year

New Zealand Annual Inflation Climbs 3.0% On Year

Consumer prices in New Zealand were up 3.0 percent on year in the third quarter of 2025, Statistics New Zealand said on Monday - in line with expectations and up from 2.7 percent in the three months prior.
RTTNews | il y a 1h 29min
China Data On Tap For Monday

China Data On Tap For Monday

China is scheduled to release a batch of data on Monday, highlighting an otherwise light day for Asia-Pacific economic activity. On tap are Q3 figures for GDP and September data for industrial production, retail sales, fixed asset investment and unemployment.
RTTNews | il y a 2h 19min
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

The Switzerland market ended weak on Friday, in line with markets across Europe, as concerns about the health of U.S. regional banks hurt sentiment and triggered a sell-off in financials stocks across the globe.
RTTNews | il y a 2