Australian Market Notably Higher

RTTNews | 55天前

(RTTNews) - Australian shares are trading notably higher on Wednesday, reversing the slight losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,550 level, following the mixed cues from Wall Street overnight, with gains in iron ore miners and energy stocks as well as a mixed performance in all other sectors.

The benchmark S&P/ASX 200 Index is gaining 39.40 points or 0.46 percent to 8,580.50, after touching a high of 8,585.60 earlier. The broader All Ordinaries Index is up 40.80 points or 0.47 percent to 8,812.80. Australian stocks ended slightly lower on Tuesday.

Among major miners, BHP Group and Mineral Resources are gaining more than 1 percent each, while Fortescue metals is adding more than 2 percent and Rio Tinto is edging up 0.4 percent.

Oil stocks are mostly higher. Origin Energy and Woodside Energy are gaining almost 1 percent each, while Santos is edging up 0.5 percent. Beach energy is flat.

In the tech space, Afterpay owner Block is gaining more than 1 percent and WiseTech Global is edging up 0.3 percent. Zip is slipping more than 5 percent, while Appen and Xero are losing more than 1 percent each.

Among the big four banks, Commonwealth Bank and ANZ Banking are edging up 0.1 to 0.3 percent each, while National Australia bank and Westpac are edging down 0.2 to 0.5 percent each.

Among gold miners, Evolution Mining is edging up 0.5 percent, while Resolute Mining is losing more than 2 percent, Northern Star Resources is declining more than 1 percent and Newmont is edging down 0.1 percent. Gold Road Resources is flat.

In other news, shares in Virgin Qantas Airways are slipping almost 4 percent after Australia's flag carrier confirmed a significant cyber attack at one of its contact centres impacting more than 6 million customers, believed to be part of a co-ordinated attack on airlines globally.

Shares in Helia are plunging more than 20 percent after revealing long-term customer ING Bank was negotiating deals with alternative providers. Commonwealth Bank, another long-term partner, will pull out of its lenders' mortgage services contract in December.

Shares in Domino's Pizza are tumbling more than 20 percent on news that chief executive Mark van Dyck will step down in December, after just one year in the role.

In the currency market, the Aussie dollar is trading at $0.658 on Wednesday.

On the Wall Street, stocks turned in a mixed performance during trading on Tuesday after trending higher over the past several sessions. While the Dow showed a notable advance to reach its best closing level in over four months, the Nasdaq and the S&P 500 gave back ground.

The Dow jumped 400.17 points or 0.9 percent to 44,494.94, but the S&P 500 edged down 6.94 points or 0.1 percent to 6,198.01 and the Nasdaq slid 166.84 points or 0.8 percent to 20,202.89.

The major European markets also ended the day mixed. While the U.K.'s FTSE 100 Index rose 0.3 percent, the French CAC 40 Index closed just below the unchanged line and the German DAX Index slumped by 1.0 percent.

Crude oil prices rose modestly on Tuesday as attention shifts to the OPEC cartel's supposed plans to increase output even as the Middle East remains uneventful. West Texas Intermediate crude for August delivery traded at $65.40 per barrel, up $0.29 or 0.45 percent.

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

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RTTNews | 40分鐘前

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.

RTTNews | 1小時20分鐘前

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.

RTTNews | 1小時47分鐘前

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 | 1小時50分鐘前

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.

RTTNews | 2小時5分鐘前

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.

RTTNews | 2小時8分鐘前

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.

RTTNews | 2小時20分鐘前

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.

RTTNews | 2小時50分鐘前

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