Higher Open Predicted For South Korea Stock Market

RTTNews | 1天前

(RTTNews) - Ahead of Friday's holiday for Memorial Day, the South Korea stock market had finished higher in three straight sessions, collecting more than 115 points or 4.2 percent along the way. The KOSPI now rests just above the 2,810-point plateau and it's expected to see additional support again on Monday.

The global forecast for the Asian markets is positive, thanks to upbeat employment data out of the United States. The European markets were mixed and the U.S. bourses were sharply higher and the Asian bourses figure to follow the latter lead.

The KOSPI finished sharply higher on Thursday following gains from the technology and industrial sectors, while the financials were down on profit taking.

For the day, the index spiked 41.21 points or 1.49 percent to finish at 2,812.05 after trading between 2,787.76 and 2,831.11. Volume was 548.09 million shares worth 12.87 trillion won. There were 570 gainers and 313 decliners.

Among the actives, Shinhan Financial slumped 1.17 percent, while KB Financial retreated 1.48 percent, Hana Financial declined 1.34 percent, Samsung Electronics spiked 2.25 percent, Samsung SDI climbed 1.10 percent, LG Electronics strengthened 1.54 percent, SK Hynix rallied 3.22 percent, Naver jumped 3.07 percent, LG Chem improved 1.41 percent, Lotte Chemical advanced 1.50 percent, SK Innovation increased 1.32 percent, POSCO Holdings soared 4.68 percent, SK Telecom perked 0.19 percent, KEPCO skidded 1.01 percent, Hyundai Mobis gained 1.60 percent, Hyundai Motor accelerated 1.94 percent and Kia Motors surged 3.91 percent.

The lead from Wall Street is firm as the major averages opened higher on Friday and remained in the green throughout the trading day, ending near session highs.

The Dow surged 443.13 points or 1.05 percent to finish at 42,762.87, while the NASDAQ rallied 231.50 points or 1.20 percent to close at 19,529.95 and the S&P 500 gained 61.06 points or 1.03 percent to end at 6,000.36.

The rally on Wall Street followed the release of the closely watched Labor Department report showing slightly stronger than expected U.S. job growth in May.

The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April. Economists had expected employment to increase by about 130,000 jobs.

The modestly bigger than expected increase in employment helped offset concerns about the strength of the economy following some recent downbeat data.

Crude oil prices move higher on Friday in response to the better-than-expected jobs data. West Texas Intermediate crude for July delivery was up $1.21 to $64.58 per barrel; it was up 6 percent for the week.

Japan Producer Price Data Due On Wednesday

Japan will on Tuesday release May figures for producer prices, highlighting a light day for Asia-Pacific economic activity. In April, producer prices were up 0.2 percent on month and 4.0 percent on year.

RTTNews | 22分鐘前

Gold Dips As US-China Trade Talks Continue

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RTTNews | 2小時8分鐘前

Crude Oil Prices Fade As US-China Talks Progress

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RTTNews | 2小時14分鐘前

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | 2小時55分鐘前

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 | 4小時20分鐘前

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 | 4小時36分鐘前

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 | 5小時43分鐘前

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 | 6小時19分鐘前

EURUSD	1.14287	GBPUSD	1.35029	AUDUSD	0.65244
USDJPY	144.868	USDCAD	1.3673	USDCHF	0.82256

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Higher Open Predicted For South Korea Stock Market