Hong Kong Shares Likely Rangebound On Monday

RTTNews | 604 दिनों पहले
Hong Kong Shares Likely Rangebound On Monday

(RTTNews) - The Hong Kong stock market on Friday snapped the three-day winning streak in which it had accelerated almost 600 points or 3.6 percent. The Hang Seng Index now sits just above the 16,725-point plateau and it's likely to see little movement on Monday.

The global forecast for the Asian markets is cautiously optimistic on optimism over earnings, although profit taking may take hold later in the day. The European and U.S. markets saw mostly modest gains and the Asian bourses figure to follow that lead.

The Hang Seng finished slightly lower on Friday following losses from the technology stocks and a mixed picture from the property sector.

For the day, the index fell 17.04 points or 0.10 percent to finish at 16,725.86 after trading between 16,654.68 and 16,895.82.

Among the actives, China Mengniu Dairy surged 4.27 percent, while ENN Energy soared 4.12 percent, Lenovo Group plummeted 3.28 percent, Meituan accelerated 2.19 percent, Li Ning Company spiked 1.95 percent, Galaxy Entertainment plunged 1.92 percent, New World Development tanked 1.81 percent, JD.com tumbled 1.68 percent, ANTA Sports jumped 1.60 percent, Haier Smart Home retreated 1.43 percent, Xiaomi Corporation declined 1.34 percent, Country Garden Services climbed 1.01 percent, WuXi Biologics slumped 0.98 percent, Industrial an Commercial Bank of China collected 0.98 percent, Hang Lung Properties dropped 0.92 percent, CSPC Pharmaceutical sank 0.78 percent, CITIC shed 0.61 percent, Alibaba Health Information and Nongfu Spring both lost 0.56 percent, CK Infrastructure advanced 0.54 percent, CNOOC gained 0.49 percent, Henderson Land fell 0.45 percent, Alibaba Group slid 0.40 percent, China Resources Land rose 0.19 percent, Hong Kong & China Gas was down 0.17 percent, Techtronic Industries eased 0.06 percent and China Life was unchanged.

The lead from Wall Street is uninspired as the major averages opened solidly higher on Friday but faded as the day progressed, with the NASDAQ finishing in the red.

The Dow added 62.43 points or 0.16 percent to finish at 39,131.53, while the NASDAQ sank 44.78 points or 0.28 percent to close at 15,996.82 and the S&P 500 rose 1.77 points or 0.03 percent to end at 5,088.80.

For the holiday-shortened week, the S&P 500 surged 1.7 percent, the NASDAQ jumped 1.4 percent and the Dow advanced 1.3 percent.

The early upward move reflected an extension of the rally seen in during Thursday's session, which came on the heels of upbeat earnings news from AI darling Nvidia (NVDA).

Buying interest waned shortly after the start of trading, however, as traders took a breather following Thursday's surge.

Crude oil futures settled sharply lower on Friday as concerns about the outlook for demand and the recent data showing a jump in U.S. crude inventories weighed on prices. West Texas Intermediate Crude oil futures for April dropped $2.12 or 2.65 percent at $76.49 a barrel.

read more
Thai Shares: Strong Resistance At 1,300 Points

Thai Shares: Strong Resistance At 1,300 Points

The Thai stock market has finished higher in back-to-back sessions, gathering more than 15 points or 1.2 percent in that span. The Stock Exchange of Thailand now sits just above the 1,290-point plateau although it figures to see little movement on Wednesday.
RTTNews | 26 मिनटों पहले
Soft Start Expected For Indonesia Stock Market

Soft Start Expected For Indonesia Stock Market

The Indonesia stock market has moved higher in back-to-back sessions, gathering more than 310 points or 3.9 percent along the way. The Jakarta Composite Index now rests just beneath the 8,240-point plateau although it figures to open in the red on Wednesday.
RTTNews | 56 मिनटों पहले
Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese stock market is trading sharply lower on Wednesday, reversing the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 48,700 level, with weakness across most sectors led by index heavyweights and technology stocks.
RTTNews | 1घंटे 8 मिनट पहले
Rally May Stall For Hong Kong Stock Market

Rally May Stall For Hong Kong Stock Market

The Hong Kong stock market has moved higher in consecutive trading days, advancing more than 775 points or 2.8 percent along the way. The Hang Seng Index now rests just above the 26,025-point plateau although it's expected to open to the downside on Wednesday.
RTTNews | 1घंटे 11 मिनट पहले
China Stock Market May Spin Its Wheels On Wednesday

China Stock Market May Spin Its Wheels On Wednesday

The China stock market has climbed higher in two straight sessions, advancing more than 75 points or 1.9 percent in that span. The Shanghai Composite Index now sits above the 3,915-point plateau although it's expected to open under pressure on Wednesday.
RTTNews | 1घंटे 26 मिनट पहले
Australian Market Significantly Lower

Australian Market Significantly Lower

Australian shares are trading significantly lower on Wednesday, adding to the losses in the previous session, with the benchmark S&P/ASX 200 falling well below the 9,050 level, following the mixed cues from Wall Street overnight, dragged by tumbling gold mining stocks as bullion prices recorded its biggest intra-day drop in nearly 12 years.
RTTNews | 1घंटे 30 मिनट पहले
Tech Shares May Weigh On Taiwan Stock Market

Tech Shares May Weigh On Taiwan Stock Market

The Taiwan stock market has finished higher in back-to-back sessions, collecting more than 450 points or 1.7 percent along the way. The Taiwan Stock Exchange now sits just above the 27,750-point plateau although it's likely to run out of steam on Wednesday.
RTTNews | 1घंटे 56 मिनट पहले
Singapore Bourse May Remain Stuck In Neutral On Wednesday

Singapore Bourse May Remain Stuck In Neutral On Wednesday

The Singapore stock market on Tuesday wrote a finish to the two-day slide in which it had fallen almost 40 points or 0.9 percent. The Straits Times Index now rests just above the 4,380-point plateau although it may spin its wheels again on Wednesday.
RTTNews | 2घंटे 26 मिनट पहले