FTSE 100 Slips As Resource Stocks Drag On China Concerns

RTTNews | 1079 days ago
FTSE 100 Slips As Resource Stocks Drag On China Concerns

(RTTNews) - U.K. stocks were moving lower on Tuesday, with resource shares declining amid fading hopes of top consumer China easing its strict zero-COVID policy.

Signs of increased coronavirus cases in Guangzhou and other Chinese cities and caution amid the U.S midterm elections also dented sentiment.

The benchmark FTSE 100 was down 24 points, or 0.3 percent, at 7,276 after declining half a percent on Monday.

Miners Anglo American, Antofagasta and Glencore fell 1-2 percent, while oil & gas firm BP Plc gave up 1.7 percent and Shell declined 1.4 percent.

3i Infrastructure jumped 3.4 percent after reporting improved earnings in the first half of the year.

Associated British Foods soared more than 5 percent. After reporting a jump in annual profits, the Primark owner has announced a £500mln share buy-back program for the current financial year.

Hammerson climbed 9 percent. The retail property firm said that footfall at its Irish flagships improved to 90pc of 2019 levels in the third quarter of the year.

read more
More Pain Predicted For Taiwan Stock Market

More Pain Predicted For Taiwan Stock Market

The Taiwan stock market on Wednesday wrote a finish to the two-day winning streak in which it had collected more than 450 points or 1.7 percent. The Taiwan Stock Exchange now sits just beneath the 27,650-point plateau and it's expected to open under pressure again on Thursday.
RTTNews | 26 minutes ago
Rally May Stall For Singapore Stock Market

Rally May Stall For Singapore Stock Market

The Singapore stock market has moved higher in back-to-back sessions, collecting more than 65 points or 1.5 percent along the way. The Straits Times Index now rests just above the 4,390-point plateau although it may run out of steam on Thursday.
RTTNews | 56 minutes ago
Malaysia Bourse May Give Up Support At 1,600 Points

Malaysia Bourse May Give Up Support At 1,600 Points

The Malaysia stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had picked up less than a point. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau and it's likely to extend its losses on Thursday.
RTTNews | 1h 26min ago
Losses May Accelerate For Japan Stock Market

Losses May Accelerate For Japan Stock Market

The Japanese stock market on Wednesday ended the two-day winning streak in which it had surged more than 1,730 points or 3.4 percent. The Nikkei 225 now sits just above the 49,300-point plateau and it may take further damage on Thursday.
RTTNews | 1h 41min ago
South Korea Shares Overdue For Profit Taking

South Korea Shares Overdue For Profit Taking

The South Korea stock market has tracked higher in six straight sessions, accelerating more than 320 points or 8.6 percent in that span. Now at another fresh record closing high, the KOSPI rests just above the 3,880-point plateau although investors figure to lock in gains on Thursday.
RTTNews | 1h 56min ago
South Korea Rate Decision On Tap For Thursday

South Korea Rate Decision On Tap For Thursday

The Bank of Korea will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate steady at 2.50 percent.
RTTNews | 2h 56min ago
Swiss Market Ends Slightly Weak

Swiss Market Ends Slightly Weak

The Switzerland market edged down marginally on Wednesday after a cautious session, as investors looked for directional clues.
RTTNews | 6h 46min ago