Weak Sentiment In Asian Markets

RTTNews | 102天前

(RTTNews) - Sentiment in Asian markets remains subdued as markets digested the latest actions on the trade tariff front. A mood of caution prevailed as markets waited for further developments in trade negotiations as well as progress in the Iran nuclear deal.

China's Shanghai Composite Index shed 0.68 percent to finish trading at 3,380.82. The day's trading ranged between 3,402.87 and 3,378.02. The Shenzhen Component Index closed 1.6 percent lower at 10,186.45.

The Japanese benchmark Nikkei 225 slipped 335 points or 0.88 percent to close at 37,793.00. The day's trading range was between 37,621 and 37,863.5.

Taiyo Yuden gained 6.8 percent followed by Aozora Bank that gained 5.8 percent. Haseko, Keisei Electric Railway and Yokohama Rubber, all rallied more than 4 percent. Rakuten plunged 8.8 percent. Sumitomo Dainippon Pharma also lost 6 percent. Eisai slipped 5.5 percent followed by Mitsubishi Materials Corp and Dai-chi Life that declined more than 4 percent.

The Hang Seng Index of the Hong Kong Stock Exchange slipped 187 points or 0.79 percent from the previous close to finish trading at 23,453.16. The day's trading range was between a high of 23,710.82 and a low of 23,371.73.

Korean Stock Exchange's Kospi Index shed 19 points or 0.73 percent to close trading at 2,621.36. The day's trading range was between 2,618.08 and 2,643.83.

Australia's S&P/ASX200 closed trading at 8,297.50, gaining 18 points or 0.22 percent from the previous close. The day's trading range was between 8,257.40 and 8,303.10. Graincorp jumped 8.8 percent. Insurance Australia Group rallied 5.7 percent. Xero added 4.7 percent followed by Alcoa Corporation and Fisher & Paykel Healthcare Corporation that added more than 3 percent.

NRW Holdings plunged 8.3 percent. Bapcor, Treasury Wine Estates, Bellevue Gold, all declined more than 5 percent. Light & Wonder followed with losses of 4.2 percent.

The NZX 50 of the New Zealand Stock Exchange rallied 102 points or 0.79 percent to close trading at 12,880.82, versus the previous close of 12,779.26. Trading ranged between 12,747.87 and 12,880.82.

Shares of Heartland Group Holdings jumped 6.3 percent. Fisher & Paykel Healthcare, Sanford and Oceania Healthcare, all rallied more than 3 percent. Fletcher Building also added 1.8 percent.

Ryman Healthcare lost 3.6 percent. Serko, KMD Brands, Meridian Energy, all declined more than 2 percent. Skycity Entertainment Group also lost close to a percent.

Wall Street had closed on a mixed note on Wednesday amidst persisting trade related uncertainties and strength in the tech sector. The Dow Jones Industrial Average shed 0.21 percent to finish trading at 42,051.06. The Nasdaq Composite however rallied 0.72 percent to close trading at 19,146.81.

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 | 19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 | 22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 | 34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4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34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4分鐘前

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral 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. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | 2小時19分鐘前

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation 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34分鐘前

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