Asian Shares Mixed In Lackluster Trade

RTTNews | 7日前

(RTTNews) - Asian shares fluctuated before ending mixed on Tuesday as investors awaited new tariff updates and assessed the impact of U.S. President Donald Trump's policies on global growth. Investors also reacted to rising Covid-19 cases across Southeast Asia.

The dollar drifted lower due to fiscal and trade jitters while gold eased from a two-week high and oil was little changed in Asian trade.

China's Shanghai Composite index slipped 0.18 percent to 3,340.69 despite industrial firms reporting faster profit growth in April. EV maker BYD fell 2.3 percent to extend losses from the previous session after announcing steep discounts across several models.

The yuan slipped against the dollar despite reports that the People's Bank of China has asked major lenders to raise the share of yuan when facilitating cross-border trade.

Hong Kong's Hang Seng index ended up 0.43 percent at 23,381.99, reversing early losses ahead of upcoming China PMI data.

Moody's has affirmed China's A1 sovereign credit rating with a negative outlook but flagged risks from weak consumption and trade war volatility.

Japanese markets reversed course to end higher as the yen weakened and yields fell on super long-dated bonds ahead of a bond auction, with media reports suggesting that the finance ministry might issue fewer super-long bonds.

The Nikkei average rose 0.51 percent to 37,724.11 while the broader Topix index settled 0.64 percent higher at 2,769.49. Recruit Holdings, Sony and SoftBank Group all gained around 2 percent.

Seoul stocks ended lower as investors locked in profits from recent gains. The Kospi average dipped 0.27 percent to 2,637.22, with tech stocks falling on renewed concerns over the U.S. tariff policies.

Australian markets ended higher after a weak start. The benchmark S&P ASX 200 rose 0.56 percent to 8,407.60 while the broader All Ordinaries index ended half a percent higher at 8,631.50.

IT stocks, financials and industrial logged strong gains as weaker iron ore and gold prices weighed on the mining sector.

WiseTech Global jumped 2.2 percent to extend gains for a second straight session after announcing it would buy U.S.-based cloud logistics provider E2open.

Across the Tasman, New Zealand's benchmark S&P NZX-50 index edged up by 0.28 percent to 12,582.33.

U.S. markets were closed on Monday in observance of Memorial Day.

Pound Advances Against Majors

The pound advanced against its major counterparts in the New York session on Tuesday.

RTTNews | 1時2分前

Canadian Market Slightly Higher In Cautious Trade

After a a weak start and a subsequent recovery, the Canadian market slipped into negative territory Tuesday morning, but edged higher again and was trading modestly higher about a couple of hours past noon. The early weakness was due to the uncertainty surrounding Trump's tariff moves, and downward revisions in Canadian and global growth forecast by the OECD.

RTTNews | 2時56分前

Swiss Market Ends Modestly Higher

The Switzerland market retreated after a positive start Tuesday morning, and after moving along the flat line till around mid afternoon, found some momentum and eventually ended the day's session modestly Expectations of a rate cut by the Swiss central bank contributed to market's upmove.

RTTNews | 3時18分前

European Stocks Recover From Early Weakness, Close Broadly Higher

European stocks closed higher on Tuesday despite lingering uncertainty about the Trump administration's tariff moves. Investors digested regional economic data, that included a report showing a drop in euro zone inflation, and looked ahead to some crucial reports from the U.S., including non-farm payroll data due later in the week.

RTTNews | 3時38分前

U.S. Job Openings Unexpectedly Increase In April

Job openings in the U.S. unexpectedly increased in the month of April, according to a report released by the Labor Department on Tuesday. The Labor Department said job openings climbed to 7.391 million in April from an upwardly revised 7.200 million in March.

RTTNews | 5時31分前

U.S. Factory Orders Pull Back Sharply In April

A report released by the Commerce Department on Tuesday showed a substantial pullback by new orders for U.S. manufactured goods in the month of April. The Commerce Department said factory orders plunged by 3.7 percent in April after surging by a downwardly revised 3.4 percent in March.

RTTNews | 5時53分前

Eurozone Inflation Falls Below 2% Target To Boost ECB Rate Cut Hopes

Euro area inflation fell below the 2 percent target in May largely due to the slowdown in services inflation and reinforced expectations for another interest rate reduction from the European Central Bank later this week. Inflation softened more-than-expected to 1.9 percent in May from 2.2 percent in April, figures from Eurostat revealed on Tuesday. The rate was expected to slow to 2.0 percent.

RTTNews | 7時11分前

Swiss Franc Falls Against Majors

The Swiss franc weakened against other major currencies in the New York session on Tuesday.

RTTNews | 7時25分前

EURUSD	1.13732	GBPUSD	1.35107	AUDUSD	0.64516
USDJPY	143.903	USDCAD	1.37163	USDCHF	0.82336

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Asian Shares Mixed In Lackluster Trade