Singapore Stock Market Tipped To Open In The Green

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(RTTNews) - The Singapore stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped more than 25 points or 0.8 percent. The Straits Times Index now sits just above the 3,110-point plateau although it's expected to open higher again on Monday.

The global forecast for the Asian markets is upbeat on an improved outlook for inflation. The European and U.S. markets were up and the Asian bourses are expected to open in similar fashion on Monday.

The STI finished sharply higher on Friday with gains across the board, especially among the financials, properties and industrials.

For the day, the index jumped 36.47 points or 1.19 percent to finish at 3,110.73 after trading between 3,078.54 and 3,111.11.

Among the actives, Ascendas REIT and Mapletree Pan Asia Commercial Trust both gathered 0.71 percent, while CapitaLand Integrated Commercial Trust advanced 1.06 percent, City Developments climbed 1.13 percent, Comfort DelGro jumped 1.50 percent, DBS Group rallied 1.35 percent, Emperador gained 0.97 percent, Genting Singapore surged 2.62 percent, Hongkong Land perked 0.61 percent, Keppel Corp improved 1.04 percent, Mapletree Industrial Trust was up 0.43 percent, Mapletree Logistics Trust strengthened 1.24 percent, Oversea-Chinese Banking Corporation collected 1.12 percent, SATS picked up 0.37 percent, Seatrium Limited skyrocketed 7.92 percent, SembCorp Industries increased 1.02 percent, Singapore Technologies Engineering spiked 1.89 percent, SingTel rose 0.86 percent, Thai Beverage added 1.01 percent, Wilmar International soared 2.25 percent, Yangzijiang Financial accelerated 1.61 percent and Yangzijiang Shipbuilding, CapitaLand Investment, Keppel DC REIT and Frasers Logistics were unchanged.

The lead from Wall Street ends up positive as the major averages overcame early choppiness on Friday, moving solidly higher in afternoon trade to finish in the green.

The Dow rallied 130.47 points or 0.36 percent to finish at 36,247.87, while the NASDAQ gained 63.97 points or 0.45 percent to close at 14,403.97 and the S&P 500 added 18.78 points or 0.41 percent to end at 4,604.37. For the week, the Dow inched marginally higher, the S&P 500 rose 0.2 percent and the NASDAQ added 0.7 percent.

The early volatility on Wall Street followed the release of a highly anticipated Labor Department report showing stronger than expected job growth in November.

The data raised concerns that strength in the labor market could lead the Federal Reserve to delay cutting interest rates, with investors hoping the central bank would pivot to rate cuts as early as March 2024.

But buying interest was generated in reaction to a University of Michigan report showing a pullback in consumers' inflation expectations in December.

Oil spiked sharply on Friday after Saudi Arabia and Russia urged the members of OPEC to join an output cut agreement. West Texas Intermediate Crude oil futures for January ended higher by $1.89 or 2.7 percent at $71.23 a barrel, snapping a six-day losing streak.

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

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Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

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Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1घंटे 19 मिनट पहले

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

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Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

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China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

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Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

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Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2घंटे 49 मिनट पहले

EURUSD	1.1634	GBPUSD	1.34624	AUDUSD	0.64807
USDJPY	147.585	USDCAD	1.38507	USDCHF	0.80489