Australian Market Trims Early Gains In Mid-market

RTTNews | 154天前

(RTTNews) - The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,000 mark, with gains in financial, energy and technology stocks.

The benchmark S&P/ASX 200 Index is gaining 40.40 points or 0.51 percent to 7,977.30, after touching a high of 7,994.00 earlier. The broader All Ordinaries Index is up 42.40 points or 0.52 percent to 8,200.30. Australian stocks closed slightly higher on Monday.

Among the major miners, BHP Group is edging down 0.5 percent, Mineral Resources is losing almost 2 percent and Fortescue Metals is declining almost 1 percent, while Rio Tinto is edging up 0.3 percent.

Oil stocks are mostly higher. Beach energy and Santos are gaining more than 1 percent each, while Woodside Energy is edging up 0.4 percent. Origin Energy is losing almost 1 percent.

Among tech stocks, Afterpay owner Block is gaining more than 1 percent, Xero is adding more than 2 percent and WiseTech Global is advancing almost 2 percent, while Appen is losing more than 1 percent and Zip is edging down 0.3 percent.

Gold miners are mostly higher. Northern Star resources is edging down 0.5 percent and Newmont is declining almost 1 percent, while Evolution Mining is adding almost 1 percent, Resolute Mining is gaining almost 4 percent and Gold Road Resources is soaring almost 15 percent after rejecting an unsolicited $3.3 billion bid from rival Gold Fields.

Among the big four banks, Commonwealth Bank is gaining almost 1 percent, while ANZ Banking, National Australia Bank and Westpac are edging up 0.1 to 0.4 percent each.

In the currency market, the Aussie dollar is trading at $0.629 on Tuesday.

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 | 21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 | 24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 | 39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 | 41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 | 54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 | 1小時24分鐘前

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 | 1小時53分鐘前

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely 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.

RTTNews | 2小時24分鐘前

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