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Sensex, Nifty Seen Higher At Open
(RTTNews) - Indian shares look set to open on a positive note on Thursday, tracking mixed cues from global markets.
Expressing optimism on India-U.S. trade deal talks, Commerce Minister Piyush Goyal said that relations between the two countries remain positive and that all issues would be resolved satisfactorily.
Benchmark indexes Sensex and Nifty rose around 0.4 percent each on Wednesday to extend gains for a second consecutive session, supported by optimism over U.S.-India trade negotiations.
The rupee gained 25 paise to close at 87.84 against the dollar, surpassing the 88-mark for the first time in three weeks ahead of the Federal Reserve's interest-rate decision.
Foreign investors were net sellers of shares to the tune of Rs 1,125 crore on Wednesday, while domestic institutional investors bought shares worth Rs 2,294 crore on a net basis, according to provisional exchange data.
Asian markets were mixed this morning as China's internet regulator banned domestic tech companies from purchasing Nvidia's RTX Pro 6000D chips, escalating trade tensions ahead of Trump-Xi trade call scheduled for Friday.
Meanwhile, China's central bank has left the borrowing cost of its seven-day reverse repurchase agreements unchanged and injected 487 billion-yuan ($68.56 billion) worth of seven-day reverse repos through open market operations.
Gold held a decline after slipping from a new record high in the previous session. The dollar was steady after plunging to a 3-1/2-year low. Oil extended overnight losses after data showed an increase in U.S. fuel inventories.
U.S. stocks fluctuated before ending mixed overnight as the Fed delivered a 25-bps rate cut, citing a shift in the balance of risks, especially recent sluggishness in the labor market.
Initial enthusiasm waned and Treasury yields edged higher after Fed Chairman Jerome Powell termed the latest policy move as a "risk management cut," emphasizing it was not primarily aimed at addressing economic weakness and that the Fed is in a "meeting-by-meeting situation" regarding the outlook for interest rates.
The Dow rose 0.6 percent while the S&P 500 slid 0.1 percent and the tech-heavy Nasdaq Composite shed 0.3 percent.
European stocks also ended mixed on Wednesday after the release of U.K. and euro area inflation data.
The pan-European STOXX 600 gave up early gains to finish marginally lower. The German DAX and the U.K.'s FTSE 100 both inched up by 0.1 percent while France's CAC 40 dipped 0.4 percent.
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Rebound Anticipated For Hong Kong Stock Market
The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had jumped more than 360 points or 1.4 percent. The Hang Seng Index now sits just beneath the 26,350-point plateau although it's expected to bounce higher again on Tuesday.
The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.
The Hang Seng finished modestly lower on Monday following losses from the financial shares and property stocks, while the technology shares were mixed.
For the day, the index sank 200.96 points or 0.76 percent to finish at 26,344.14 after trading between 26,204.01 and 26,479.14.
Among the actives, Alibaba Group perked 0.06 percent, while Alibaba Health Info slipped 1.14 percent, ANTA Sports slumped 2.22 percent, China Life Insurance tumbled 3.05 percent, China Mengniu Dairy lost 1.31 percent, China Resources Land retreated 2.41 percent, CITIC plummeted 4.72 percent, CNOOC fell 1.24 percent, Galaxy Entertainment was down 1.18 percent, Haier Smart Home tanked 2.52 percent, Hang Lung Properties shed 1.35 percent, Henderson Land skidded 1.77 percent, Hong Kong & China Gas dropped 1.60 percent, Industrial and Commercial Bank of China declined 2.38 percent, JD.com stumbled 3.31 percent, Lenovo jumped 1.50 percent, Li Auto dipped 1.14 percent, Li Ning added 0.45 percent, Meituan contracted 2.26 percent, New World Development advanced 0.72 percent, Nongfu Spring sank 1.38 percent, Techtronic Industries plunged 4.03 percent, Xiaomi Corporation slid 1.06 percent, WuXi Biologics surged 6.09 percent and CSPC Pharmaceutical was unchanged.
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Australian Market Modestly Higher
The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,800 level, with gains across most sectors led by mining and technology shares.
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China Stock Market May Tick Higher On Tuesday
The China stock market on Monday snapped the two-day slide in which it had dropped more than 55 points or 1.5 percent. The Shanghai Composite Index now rests just beneath the 3,830-point plateau and it's expected to open to the upside again on Tuesday.
The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.
The SCI finished slightly higher on Monday as gains from the broader market were capped by weakness from the financials and resource stocks.
For the day, the index gained 8.49 points or 0.22 percent to finish at 3,828.58 after trading between 3,806.20 and 3,831.74. The Shenzhen Composite Index improved 13.80 points or 0.56 percent to end at 2,486.42.
Among the actives, Industrial and Commercial Bank of China was down 0.28 percent, while Bank of China contracted 1.51 percent, Agricultural Bank of China plunged 2.41 percent, China Merchants Bank eased 0.20 percent, Bank of Communications stumbled 2.01 percent, China Life Insurance skidded 1.02 percent, Jiangxi Copper declined 1.21 percent, Aluminum Corp of China (Chalco) lost 0.65 percent, Yankuang Energy slumped 0.96 percent, PetroChina shed 0.61 percent, China Petroleum and Chemical (Sinopec) sank 0.75 percent, Huaneng Power tumbled 1.90 percent, China Shenhua Energy dipped 0.23 percent, Gemdale dropped 0.95 percent, Poly Developments retreated 1.39 percent and China Vanke rose 0.29 percent.
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Taiwan Shares Tipped To Open In The Green On Tuesday
The Taiwan stock market has alternated between positive and negative finishes through the last six trading days since the end of the eight-day winning streak in which it had surged more than 1,450 points or 5.8 percent. The Taiwan Stock Exchange now sits just above the 25,880-point plateau and it may see additional support on Tuesday.
The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.
The TSE finished sharply higher on Monday following gains from the financial shares, technology stocks, plastics and cement companies.
For the day, the index jumped 302.23 points or 1.18 percent to finish at 25,880.60 after trading between 25,599.60 and 25,887.69.
Among the actives, Cathay Financial perked 0.17 percent, while Mega Financial fell 0.36 percent, First Financial collected 0.34 percent, Fubon Financial was up 0.16 percent, Taiwan Semiconductor Manufacturing Company soared 2.37 percent, United Microelectronics Corporation shed 0.46 percent, Hon Hai Precision advanced 0.93 percent, Largan Precision improved 0.85 percent, Catcher Technology gained 0.53 percent, MediaTek tanked 2.43 percent, Delta Electronics rallied 2.14 percent, Novatek Microelectronics stumbled 2.68 percent, Formosa Plastics added 0.65 percent, Nan Ya Plastics soared 3.31 percent, Asia Cement jumped 1.79 percent and CTBC Financial and E Sun Financial were unchanged.
The lead from Wall Street is mildly positive as the major averages opened in the red on Monday but quickly bounced higher and continued to trend that way throughout the session, ending near daily highs.
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Singapore Stock Market Overdue For Support On Tuesday
The Singapore stock market has finished lower in seven straight sessions, slumping more than 55 points or 1.3 percent along the way. The Straits Times Index now sits just beneath the 4,300-point plateau although it may find traction on Tuesday.
The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.
The STI finished slightly lower again on Monday following losses from the financial shares and mixed performances from the property stocks and industrial issues.
For the day, the index dipped 5.34 points or 0.12 percent to finish at 4,297.37 after trading between 4,291.99 and 4,315.70.
Among the actives, CapitaLand Integrated Commercial Trust shed 0.44 percent, while CapitaLand Investment tumbled 1.11 percent, City Developments jumped 1.19 percent, Comfort DelGro sank 0.67 percent, DBS Group lost 0.34 percent, DFI Retail Group and Venture Corporation both rallied 1.58 percent, Genting Singapore advanced 0.66 percent, Hongkong Land plunged 3.42 percent, Keppel Ltd improved 0.57 percent, Oversea-Chinese Banking Corporation was down 0.12 percent, Seatrium Limited tanked 1.68 percent, SembCorp Industries fell 0.33 percent, Singapore Technologies Engineering increased 0.47 percent, SingTel stumbled 1.59 percent, Thai Beverage climbed 1.09 percent, United Overseas Bank eased 0.06 percent, UOL Group slipped 0.13 percent, Yangzijiang Financial surged 1.67 percent, Yangzijiang Shipbuilding dropped 0.91 percent and Mapletree Pan Asia Commercial Trust, Mapletree Industrial Trust, Mapletree Logistics Trust, CapitaLand Ascendas REIT, Keppel DC REIT, Wilmar International, SATS and Frasers Logistics & Commercial Trust were unchanged.
The lead from Wall Street is mildly positive as the major averages opened in the red on Monday but quickly bounced higher and continued to trend that way throughout the session, ending near daily highs.
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South Korea Producer Prices Slip 0.1% In August
Producer prices in South Korea were down a seasonally adjusted 0.1 percent on month in August, the Bank of Korea said on Tuesday - after rising 0.4 percent in July.
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Australia Manufacturing PMI Slips To 51.6 - S&P Global
The manufacturing sector in Australia continued to expand in September, albeit at a slower pace, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 51.6.
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Malaysia Stock Market May See Additional Support On Tuesday
The Malaysia stock market on Monday ended the two-day slide in which it had fallen almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau and it may add to its winnings on Tuesday.
The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.
The KLCI finished slightly higher on Monday following gains from the financial shares, losses from the telecoms and a mixed picture from the plantation stocks.
For the day, the index rose 5.11 points or 0.32 percent to finish at 1,603.34 after trading between 1,596.46 and 1,604.31.
Among the actives, 99 Speed Mart Retail sank 0.76 percent, while AMMB Holdings jumped 1.26 percent, Axiata plunged 2.95 percent, Celcomdigi slumped 1.06 percent, CIMB Group strengthened 1.11 percent, Gamuda surged 3.08 percent, IHH Healthcare and Maybank both added 0.41 percent, IOI Corporation eased 0.26 percent, Kuala Lumpur Kepong lost 0.50 percent, Maxis was down 0.27 percent, MISC dropped 0.93 percent, MRDIY soared 1.91 percent, Nestle Malaysia spiked 1.88 percent, Petronas Chemicals increased 0.45 percent, Petronas Dagangan plummeted 3.04 percent, Petronas Gas retreated 1.08 percent, PPB Group slipped 0.39 percent, Press Metal shed 0.53 percent, Public Bank improved 0.71 percent, QL Resources tanked 2.05 percent, RHB Bank collected 0.61 percent, Sime Darby stumbled 2.33 percent, SD Guthrie advanced 0.95 percent, Sunway rallied 1.86 percent, Telekom Malaysia fell 0.42 percent, Tenaga Nasional rose 0.30 percent, YTL Corporation gained 0.37 percent and YTL Power climbed 0.96 percent.
The lead from Wall Street is mildly positive as the major averages opened in the red on Monday but quickly bounced higher and continued to trend that way throughout the session, ending near daily highs.
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