Australian Market Slightly Trims Early Losses In Mid-market

RTTNews | 100 दिनों पहले
Australian Market Slightly Trims Early Losses In Mid-market

(RTTNews) - The Australian stock market is slightly trimming its early losses in mid-market trading on Monday, snapping a four-session winning streak, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,500.00 level, with weakness across most sectors led by mining and financial stocks.

The benchmark S&P/ASX 200 Index is losing 56.80 points or 0.66 percent to 8,499.00, after hitting a low of 8,480.20 earlier. The broader All Ordinaries Index is down 51.00 points or 0.58 percent to 8,774.10. Australian stocks closed modestly higher on Friday.

Among the major miners, BHP Group is edging down 0.4 percent each and Rio Tinto is declining almost 1 percent, while Fortescue Metals and Mineral Resources are losing almost 2 percent each. Oil stocks are mixed. Santos is edging down 0.5 percent and Woodside Energy is declining almost 3 percent, while Beach energy is edging up 0.4 percent and Origin Energy is gaining almost 2 percent.

Among tech stocks, Zip is surging more than 6 percent and Appen is adding more than 1 percent, while Afterpay owner Block, WiseTech Global and Xero are edging down 0.1 to 0.3 percent each.

Gold miners are mostly lower. Evolution Mining is declining more than 3 percent and Northern Star Resources is sliding almost 4 percent, while Gold Road Resources and Newmont are losing more than 2 percent each. Resolute Mining is gaining almost 1 percent.

Among the big four banks, Commonwealth Bank, ANZ Banking and National Australia Bank are losing almost 2 percent each, while Westpac is declining almost 6 percent after reporting downbeat results for the first quarter.

In other news, shares in BlueScope are jumping almost 10 percent after Australia's biggest steelmaker boosted its interim dividend to 30 cents despite a 59 percent drop in net profit after tax.

Shares in A2 Milk are soaring more than 18 percent after it upgraded full-year revenue guidance and announced its first dividend.

Shares in Bendigo and Adelaide Bank are tumbling almost 17 percent after reporting downbeat results for the first half.

In the currency market, the Aussie dollar is trading at $0.636 on Monday.

read more
Taiwan Shares Due For Support On Wednesday

Taiwan Shares Due For Support On Wednesday

The Taiwan stock market has finished lower in four straight sessions, dropping more than 460 points or 2.2 percent in that span. The Taiwan Stock Exchange now sits just above the 21,330-point plateau, although it's likely to see bargain hunting on Wednesday.
RTTNews | 11 मिनटों पहले
Singapore Bourse May Reclaim 3,900-Point Level

Singapore Bourse May Reclaim 3,900-Point Level

The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had risen just 6 points or 0.15 percent. The Straits Times Index now sits just shy of the 3,900-point plateau and it's expected to open higher again on Wednesday.
RTTNews | 41 मिनटों पहले
Malaysia Stock Market Tipped To Open In The Green

Malaysia Stock Market Tipped To Open In The Green

The Malaysia stock market has moved lower in back-to-back sessions, slipping almost 10 points or 0.7 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although it's due for support on Wednesday.
RTTNews | 1घंटे 11 मिनट पहले
Win Streak May Continue For Japan Stock Market

Win Streak May Continue For Japan Stock Market

The Japan stock market has tracked higher in three straight sessions, accelerating almost 750 points or 2 percent along the way. The Nikkei 225 now sits just shy of the 27,725-point plateau and it may add to its winnings again on Wednesday.
RTTNews | 1घंटे 26 मिनट पहले
KOSPI Expected To Erase Tuesday's Losses

KOSPI Expected To Erase Tuesday's Losses

The South Korea stock market headed south again on Tuesday, one day after ending the two-day slide in which it had given up almost 35 points or 1.4 percent. The KOSPI now rests just above the 2,635-point plateau although it's expected to rebound again on Wednesday.
RTTNews | 1घंटे 41 मिनट पहले
New Zealand Rate Decision On Tap For Wednesday

New Zealand Rate Decision On Tap For Wednesday

The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday and the announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBNZ is widely expected to trim its Official Cash Rate by 25 basis points, to 3.25 percent from 3.50 percent.
RTTNews | 2घंटे 41 मिनट पहले
U.S. Dollar Strengthens On Trump's Tariff Delay

U.S. Dollar Strengthens On Trump's Tariff Delay

The U.S. dollar was higher against its major counterparts in the New York session on Tuesday amid easing trade tensions between the U.S. and the European Union.
RTTNews | 6घंटे 18 मिनट पहले
European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

European stocks closed on a positive note on Tuesday, continuing to benefit from U.S. President Donald Trump's decision to amid slightly easing concerns about a potential trade war following U.S. President Donald Trump's decision decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
RTTNews | 7घंटे 46 मिनट पहले