DAX Falls As US Tech Earnings Disappoint

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DAX Falls As US Tech Earnings Disappoint

(RTTNews) - German stocks fell notably on Friday as investors reacted to disappointing earnings results from U.S. tech companies.

Amazon offered a gloomy view of its financial future and Apple signaled slower growth ahead while Intel announced lower-than-expected earnings guidance for the full fiscal.

The benchmark DAX was down 123 points, or 0.9 percent, at 13,088 after closing 0.1 percent higher the previous day.

Tech stocks fell, with Infineon Technologies falling more than 3 percent.

Porsche AG tumbled 3.2 percent despite the luxury carmaker reporting higher operating profit and sales in its first nine months of fiscal 2022. Further, the company confirmed its fiscal 2022 targets.

Volkswagen gave up nearly 3 percent after saying it expected deliveries to be around the same as last year.

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Sensex, Nifty Marginally Lower In Early Trade

Sensex, Nifty Marginally Lower In Early Trade

Indian shares struggled for direction on Tuesday as tensions between India and Pakistan simmered and media reports suggested that India has proposed zero tariffs on steel, auto components and pharmaceuticals on a reciprocal basis up to a certain quantity of imports in its trade negotiations with the U.S.
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Australian Market Slightly Higher In Mid-market After Early Losses

Australian Market Slightly Higher In Mid-market After Early Losses

The Australian stock market is slightly higher in mid-market trading on Tuesday after early losses, reversing some of the losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,200 level, with strong gains in gold miners nearly offset by weakness in iron ore miners, financial and some technology stocks.
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Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, amid easing global trade concerns after US Treasury Secretary Scott Bessent said 17 trading partners, excluding China, have presented very good trade proposals and some deals may be announced as early as this week. He added there could be substantial progress on trade with China.
RTTNews | 1घंटे 39 मिनट पहले
Thai Stock Market Due For Consolidation On Tuesday

Thai Stock Market Due For Consolidation On Tuesday

Ahead of Monday's holiday for Coronation Day, the Thai stock market had moved higher in five straight sessions, gathering more than 50 points or 4.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,200-point plateau although it's expected to open in the red on Tuesday.
RTTNews | 2घंटे 39 मिनट पहले
Indonesia Shares Due For Profit Taking On Tuesday

Indonesia Shares Due For Profit Taking On Tuesday

The Indonesia stock market has moved higher in six straight sessions, advancing more than 225 points or 3.6 percent along the way. The Jakarta Composite Index now rests just above the 6,830-point plateau although investors may lock in gains on Tuesday.
RTTNews | 3घंटे 9 मिनट पहले
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,200 level, with weakness in iron ore miners, financial and some technology stocks partially offset by strong gains in gold miners.
RTTNews | 3घंटे 25 मिनट पहले
Hong Kong Bourse May Spin Its Wheels On Tuesday

Hong Kong Bourse May Spin Its Wheels On Tuesday

Ahead of Monday's holiday for the buddha's birthday, the Hong Kong stock market had finished higher in three straight sessions, collecting almost 550 points or 2.4 percent along the way. The Hang Seng Index now sits just above the 22,500-point plateau although the rally may stall on Tuesday.
RTTNews | 3घंटे 39 मिनट पहले