KOSPI Expected To Reclaim 2,400-Point Level

RTTNews | 972 days ago

(RTTNews) - Ahead of the long weekend for the Lunar New Year, the South Korea stock market had moved higher in back-to-back sessions, collecting more than 25 points or 1 percent along the way. The KOSPI now rests just shy of the 2,400-point plateau and it's tipped to add to its winnings on Wednesday as it catches up on missed positive sentiment.

The global forecast for the Asian markets is murky, with profit taking likely after recent gains - especially among the oil and technology companies. The European and U.S. markets were mixed and little changed and the Asian bourses are tipped to follow suit.

The KOSPI finished modestly higher on Friday following gains from the technology, industrial, oil and chemical companies, while the financials were mixed.

For the day, the index added 14.92 points or 0.63 percent to finish at 2,395.26 after trading between 2,372.57 and 2,395.97. Volume was 295.3 million shares worth 4.96 trillion won. There were 568 gainers and 254 decliners.

Among the actives, Shinhan Financial jumped 2.00 percent, while KB Financial fell 0.35 percent, Hana Financial collected 1.38 percent, Samsung Electronics improved 0.49 percent, Samsung SDI jumped 1.48 percent, SK Hynix soared 2.46 percent, LG Chem gained 0.64 percent, Lotte Chemical strengthened 1.35 percent, S-Oil perked 0.23 percent, SK Innovation climbed 1.29 percent, POSCO rallied 2.66 percent, SK Telecom skidded 1.16 percent, KEPCO added 0.49 percent, Hyundai Mobis advanced 0.72 percent, Hyundai Motor rose 0.30 percent and Kia Motors, LG Electronics and Naver were unchanged.

The lead from Wall Street offers little clarity as the major averages opened lower on Tuesday, rebounded somewhat and ended the day mixed and little changed.

The Dow gained 104.40 points or 0.31 percent to finish at 33,733.96, while the NASDAQ sank 30.14 points or 0.27 percent to end at 11,334.27 and the S&P 500 eased 2.86 points or 0.07 percent to close at 4,016.95.

The choppy trading on Wall Street came as traders expressed some uncertainty about the near-term outlook for the markets following recent volatility.

Uncertainty about the outlook for interest rates and the economy may also have kept some traders on the sidelines ahead of the release of some key economic data in the coming days.

A negative reaction to some of the latest earnings news contributed to an early pullback, with 3M (MMM) posting a steep loss after reporting weaker than expected fourth quarter earnings and providing disappointing guidance.

Crude oil prices fell sharply Tuesday on concerns about the outlook for demand due to a potential recession in Europe and the U.S. West Texas Intermediate crude futures for March ended lower by $1.49 or 1.8 percent at $80.13 a barrel.

Sensex, Nifty Extend Losses In Cautious Trade

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RTTNews | 41 minutes ago

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Asian markets are trading mixed on Tuesday, following the positive cues from Wall Street overnight, as traders remain optimistic about the outlook for the markets amid expectations of further interest rate cuts by the US Fed. Some traders are also looking to cash in on the recent strength in the markets. However, escalating tensions in Europe and the Middle East are weighing on market sentiment.

RTTNews | 2h 14min ago

Sensex, Nifty Seen Lower At Open

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RTTNews | 2h 45min ago

Higher Open Called For Thai Stock Market

The Thai stock market has moved lower in four straight sessions, shedding more than 25 points or 1.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,280-point plateau although it's due for support on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The SET finished modestly lower on Monday following losses from the food, finance, industrial, property, resource, service and technology sectors. For the day, the index lost 10.18 points or 0.79 percent to finish at the daily low of 1,282.54 after peaking at 1,296.42. Volume was 8.171 billion shares worth 31.595 billion baht. There were 356 decliners and 128 gainers, with 167 stocks finishing unchanged. Among the actives, Advanced Info lost 0.68 percent, while Thailand Airport crashed 0.64 percent, Asset World sank 0.83 percent, Banpu plunged 2.48 percent, Bangkok Bank collected 0.68 percent, Bangkok Expressway eased 0.97 percent, BTS Group gave up 1.24 percent, CP All Public dipped 0.52 percent, Charoen Pokphand Foods dropped 0.86 percent, Energy Absolute declined 1.64 percent, Gulf weakened 1.63 percent, Kasikornbank and PTT Global Chemical both slumped 0.91 percent, Krung Thai Bank skidded 0.99 percent, Krung Thai Card retreated 1.64 percent, PTT Oil & Retail fell 0.72 percent, PTT slid 0.75 percent, PTT Exploration and Production was down 0.87 percent, SCG Packaging tanked 2.69 percent, Siam Commercial Bank added 0.40 percent, Siam Concrete tumbled 1.77 percent, Thai Oil plummeted 2.70 percent, True Corporation contracted 0.93 percent, TTB Bank shed 0.53 percent and B. Grimm and Bangkok Dusit Medical were unchanged.

RTTNews | 3h 16min ago

Indonesia Bourse Likely To Remain Rangebound

The Indonesia stock market has finished lower in two of three trading days since the end of the seven-day winning streak in which it had surged almost 400 points or 5 percent. The Jakarta Composite Index sits just above the 8,040-point plateau and it figures to hold steady in that neighborhood again on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The JCI finished slightly lower on Monday as losses from the financial shares and telecoms were mitigated by support from the resource and cement companies. For the day, the index dipped 11.08 points or 0.14 percent to finish at 8,040.04 after trading between 8,005.35 and 8,087.93. Among the actives, Bank CIMB Niaga fell 0.29 percent, while Bank Mandiri advanced 0.91 percent, Bank Danamon Indonesia collected 0.85 percent, Bank Negara Indonesia retreated 1.41 percent, Bank Central Asia and Astra Agro Lestari both dropped 0.96 percent, Bank Rakyat Indonesia tanked 2.12 percent, Indosat Ooredoo Hutchison retreated 1.59 percent, Indocement improved 0.72 percent, Semen Indonesia strengthened 1.39 percent, Indofood Sukses Makmur rose 0.32 percent, Astra International shed 0.44 percent, Energi Mega Persada surged 7.14 percent, Aneka Tambang rallied 3.77 percent, Vale Indonesia soared 3.71 percent, Timah spiked 5.00 percent, Bumi Resources skyrocketed 6.14 percent and United Tractors was unchanged.

RTTNews | 3h 46min ago

Rebound Anticipated For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had jumped more than 360 points or 1.4 percent. The Hang Seng Index now sits just beneath the 26,350-point plateau although it's expected to bounce higher again on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The Hang Seng finished modestly lower on Monday following losses from the financial shares and property stocks, while the technology shares were mixed. For the day, the index sank 200.96 points or 0.76 percent to finish at 26,344.14 after trading between 26,204.01 and 26,479.14. Among the actives, Alibaba Group perked 0.06 percent, while Alibaba Health Info slipped 1.14 percent, ANTA Sports slumped 2.22 percent, China Life Insurance tumbled 3.05 percent, China Mengniu Dairy lost 1.31 percent, China Resources Land retreated 2.41 percent, CITIC plummeted 4.72 percent, CNOOC fell 1.24 percent, Galaxy Entertainment was down 1.18 percent, Haier Smart Home tanked 2.52 percent, Hang Lung Properties shed 1.35 percent, Henderson Land skidded 1.77 percent, Hong Kong & China Gas dropped 1.60 percent, Industrial and Commercial Bank of China declined 2.38 percent, JD.com stumbled 3.31 percent, Lenovo jumped 1.50 percent, Li Auto dipped 1.14 percent, Li Ning added 0.45 percent, Meituan contracted 2.26 percent, New World Development advanced 0.72 percent, Nongfu Spring sank 1.38 percent, Techtronic Industries plunged 4.03 percent, Xiaomi Corporation slid 1.06 percent, WuXi Biologics surged 6.09 percent and CSPC Pharmaceutical was unchanged.

RTTNews | 4h 1min ago

Australian Market Modestly Higher

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RTTNews | 4h 6min ago

EURUSD	1.17989	GBPUSD	1.35099	AUDUSD	0.65845
USDJPY	147.783	USDCAD	1.38273	USDCHF	0.7925