South Korea Bourse May Run Out Of Steam

RTTNews | 503 दिनों पहले
South Korea Bourse May Run Out Of Steam

(RTTNews) - The South Korea stock market has moved higher in two straight sessions, collecting almost 70 points or 2.6 percent along the way. The KOSPI now sits just above the 2,745-point plateau although the rally may stall on Thursday.

The global forecast for the Asian markets is uninspired thanks to uncertainty over the outlook for interest rates. The European markets were slightly higher and the U.S. bourses were mixed and flat and the Asian markets figure to follow the latter lead.

The KOSPI finished modestly higher on Wednesday following gains from the financial shares and energy companies, while the technology and industrial sectors were mixed.

For the day, the index added 10.69 points or 0.39 percent to finish at the daily high of 2,745.05 after moving as low as 2,727.93. Volume was 424.75 million shares worth 10.09 trillion won. There were 575 gainers and 280 decliners.

Among the actives, Shinhan Financial rallied 2.27 percent, while KB Financial surged 5.14 percent, Hana Financial soared 4.30 percent, Samsung SDI added 0.46 percent, LG Electronics was up 0.11 percent, SK Hynix dropped 0.89 percent, Naver tumbled 2.00 percent, Lotte Chemical strengthened 1.47 percent, S-Oil perked 0.14 percent, SK Innovation improved 0.71 percent, POSCO sank 0.74 percent, KEPCO retreated 1.60 percent, Hyundai Mobis jumped 1.53 percent, Kia Motors rose 0.26 percent and SK Telecom, LG Chem, Hyundai Motor and Samsung Electronics were unchanged.

The lead from Wall Street offers little clarity as the major averages opened lower but ultimately wound up mixed and little changed.

The Dow added 172.13 points or 0.44 percent to finish at 39,056.39, while the NASDAQ sank 29.80 points or 0.18 percent to close at 16,302.76 and the S&P 500 eased 0.03 points or 0.00 percent to end at 5,187.67.

The choppy trading on Wall Street came amid lingering uncertainty about the outlook for interest rates following Tuesday's remarks by Minneapolis Federal Reserve President Neel Kashkari.

Kashkari suggested interest rates may need to remain at current levels for an extended period and said he couldn't rule out another rate increase.

The Federal Reserve is still widely expected to lower rates sometime in the third quarter, however, with CME Group's FedWatch Tool currently indicating an 83.5 percent chance rates will be lower by September.

Oil futures settled higher on Wednesday after data from the Energy Information Administration (EIA) showed crude inventories rose last week. West Texas Intermediate Crude oil futures for June ended higher by $0.61 or 0.78 percent at $78.99 per barrel.

read more
Japan Private Sector Growth Weakest In 4 Months

Japan Private Sector Growth Weakest In 4 Months

Japan's private sector grew at the slowest pace in four months in September as the strong rise in services activity was partially offset by a steeper fall in manufacturing production, flash survey data published by S&P Global showed on Wednesday. The flash composite output index fell to 51.1 in September from a six-month high of 52.0 in August.
RTTNews | 37 मिनटों पहले
Sensex, Nifty Extend Losses For Fourth Day

Sensex, Nifty Extend Losses For Fourth Day

Indian shares opened on a sluggish note on Wednesday after U.S. President Donald Trump accused India and China of being the primary funders of Russia's war in Ukraine through their continued purchase of Russian oil.
RTTNews | 53 मिनटों पहले
Australian Market Doubles Early Losses In Mid-market

Australian Market Doubles Early Losses In Mid-market

The Australian stock market is doubling its early losses in mid-market moves on Wednesday, snapping a three-session winning streak, with the benchmark S&P/ASX 200 falling below the 8,800 level, following the broadly negative cues from Wall Street overnight, with weakness in gold miners, financial and technology stocks partially offset by gains in iron ore miners and energy stocks.
RTTNews | 2घंटे 21 मिनट पहले
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are mostly lower on Wednesday, following the negative cues from Wall Street overnight, amid rising ambiguity over the outlook for interest rates after US Fed Chair Jerome Powell gave little indication about the future path of interest rates. Renewed trade tensions with the United States and the escalating tensions in Europe and the Middle East are weighing on market sentiment.
RTTNews | 2घंटे 38 मिनट पहले
Sensex, Nifty Seen Lower On Weak Global Cues

Sensex, Nifty Seen Lower On Weak Global Cues

Indian shares may open a tad lower on Wednesday, tracking weak cues from global markets and amid renewed trade tensions with the United States.
RTTNews | 2घंटे 59 मिनट पहले
Losing Streak May Continue For Thai Stock Market

Losing Streak May Continue For Thai Stock Market

The Thai stock market has moved lower in five straight sessions, shedding more than 35 points or 2.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,270-point plateau and it may take further damage again on Wednesday.
RTTNews | 3घंटे 46 मिनट पहले
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is modestly lower in post-holiday trading on Wednesday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 45,450 level, with a lack of direction leading to a mixed performance across most sectors.
RTTNews | 4घंटे 11 मिनट पहले
Indonesia Stock Market May Be Stuck In Neutral On Wednesday

Indonesia Stock Market May Be Stuck In Neutral On Wednesday

The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the seven-day winning streak in which it had surged almost 400 points or 5 percent. Now at a fresh record closing high, the Jakarta Composite Index sits just above the 8,125-point plateau although it's due for profit taking on Wednesday.
RTTNews | 4घंटे 16 मिनट पहले