Asian Equities Close Deep In The Red

RTTNews | 672 days ago

(RTTNews) - Asian markets closed with heavy losses on Monday as the Middle East conflict and the uptick in bond yields weighed. Reports of searches by Chinese tax authorities on Taiwan-based Foxconn Technology Co as well as anxiety ahead of the major tech earnings also weighed on sentiment. Markets in Hong Kong and New Zealand are closed for a holiday.

China's Shanghai Composite Index shed 1.5 percent to finish trading near the one-year low of 2,939.29. The day's trading ranged between 2,973.66 and 2,923.51. The Shenzhen Component Index lost 144 points or 1.51 percent to close at 9,425.98, touching a four-month low.

The Japanese benchmark Nikkei 225 slipped 260 points or 0.83 percent to end trading at 30,999.55. The day's trading range was between 31,177.41 and 30,974.26.

Shiseido was the top gainer with a surge of 3.3 percent. Daiichi Sankyo and Astellas Pharma, both gained more than 2 percent whereas Nissui Corp and NH Foods, both added more than 1 percent.

Pacific Metals was the biggest laggard with a decline of more than 4 percent. Nippon Sheet Glass, Oki Electric Industry, Eneos Holdings and Mitsui Engineering & Shipbuilding, all declined more than 3 percent.

Korean Stock Exchange's Kospi Index declined 18 points or 0.76 percent to close trading at 2,357.02. The day's trading range was between 2,354.70 and 2,375.79.

Australia's S&P/ASX200 closed trading at 6,844.10, shedding 57 points or 0.82 percent. The index finished at a new 100-day low. The day's trading range was between 6,831.30 and 6,900.70.

Semiconductor business Weebit Nano surged 15 percent. Auto business ARB Corporation gained more than 5 percent. Healthcare business Resmed, real estate business Growthpoint Properties Australia and healthcare business Polynovo, all added more than 3 percent.

Energy business New Hope Corporation slipped 8.5 percent. Mining businesses recorded steep declines. Pilbara Minerals declined 7.3 percent followed by Liontown Resources, Mineral Resources and Igo, all of which slipped more than 5 percent. Wall Street had closed with deep losses on Friday amidst growing geopolitical tensions in the Middle East, rising bond yields and mixed corporate earnings reports. Nasdaq Composite shed 1.53 percent to close at 12,983.81 whereas the Dow Jones Industrial Average slipped 0.86 percent to finish trading at 33,127.28.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | 51 minutes ago

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 1h 12min ago

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RTTNews | 1h 42min ago

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 | 2h 23min ago

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 | 2h 50min ago

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 | 2h 53min ago

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 | 3h 8min ago

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 | 3h 10min ago

EURUSD	1.16306	GBPUSD	1.34552	AUDUSD	0.64781
USDJPY	147.765	USDCAD	1.38568	USDCHF	0.80551