Taiwan Shares May Head South Again On Tuesday

RTTNews | 819 दिनों पहले
Taiwan Shares May Head South Again On Tuesday

(RTTNews) - The Taiwan stock market on Monday wrote a finish to the three-day losing streak in which it had tumbled almost 350 points or 2.2 percent. The Taiwan Stock Exchange now rests just above the 15,560-point plateau although it may see renewed selling pressure on Tuesday. The global forecast for the Asian markets is mixed to lower on continuing fears of a financial crisis. The European markets were sharply lower and the U.S. bourses were mixed and little changed and the Asian markets figure to follow the latter lead.

The TSE finished modestly higher on Monday as gains from the technology and plastic stocks were tempered by weakness from the financial sector. For the day, the index perked 34.29 points or 0.22 percent to finish at 15,560.49 after trading between 15,349.67 and 15,571.17. Among the actives, Cathay Financial dropped 0.94 percent, while Mega Financial fell 0.31 percent, CTBC Financial dipped 0.22 percent, Fubon Financial skidded 1.03 percent, First Financial shed 0.38 percent, E Sun Financial sank 0.81 percent, Taiwan Semiconductor Manufacturing Company added 0.58 percent, United Microelectronics Corporation advanced 0.96 percent, Hon Hai Precision climbed 0.98 percent, Largan Precision jumped 1.69 percent, Catcher Technology gained 0.81 percent, MediaTek improved 1.06 percent, Delta Electronics added 0.69 percent, Novatek Microelectronics gathered 0.94 percent, Formosa Plastics increased 0.33 percent, Nan Ya Plastics rallied 0.95 percent, Taiwan Cement perked 0.14 percent and Asia Cement was unchanged. The lead from Wall Street offers little clarity as the major averages spent most of Monday bouncing back and forth across the unchanged line before finally ending mixed and little changed.

The Dow dropped 90.50 points or 0.28 percent to finish at 31,819.14, while the NASDAQ added 49.96 points or 0.45 percent to close at 11,188.84 and the S&P 500 dipped 5.83 points or 0.15 percent to end at 3,855.76.

The weakness that emerged on Wall Street came on continued concerns over the fallout from the Silicon Valley Bank collapse - which triggered heavy selling, particularly in the banking sector.

Over the weekend, the U.S. Treasury, Federal Reserve, and Federal Deposit Insurance Corporation said they would "fully protect" depositors, including those with assets above the federally guaranteed $250,000 limit, but traders were not reassured.

Investors are also nervous ahead of the ECB meeting and key inflation data due out later this week.

Crude oil prices fell sharply on Monday amid worries that a U.S. banking debacle may follow last week's collapse of Silicon Valley Bank. West Texas Intermediate Crude oil futures settled lower by $1.88 or 2.4 percent at $74.80 a barrel.

read more
Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.
RTTNews | 27 मिनटों पहले
European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.
RTTNews | 43 मिनटों पहले
TSX Up Marginally; Energy Stocks Rise

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.
RTTNews | 1घंटे 51 मिनट पहले
U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.
RTTNews | 2घंटे 27 मिनट पहले
Eurozone Investor Confidence Strongest In A Year: Sentix

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.
RTTNews | 5घंटे 21 मिनट पहले
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Tuesday morning with investors looking for directional clues as they await the outcome of the U.S.-China trade negotiations.
RTTNews | 6घंटे 14 मिनट पहले
FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

Despite data showing an increase in the nation's unemployment rate, U.K. stocks are up in positive territory a little past noon on Tuesday on selective buying amid some optimism over the ongoing U.S.-China trade talks in London.
RTTNews | 6घंटे 47 मिनट पहले
CAC 40 Down Marginally In Cautious Trade

CAC 40 Down Marginally In Cautious Trade

French stocks are largely subdued on Tuesday as investors refrain from making significant moves while awaiting the outcome of the ongoing trade talks between U.S. and Chinese officials in London.
RTTNews | 7घंटे 32 मिनट पहले