Asian Shares Mostly Higher Despite Rate Hike Worries

RTTNews | 656日前

(RTTNews) - Asian stocks ended Thursday's session mostly higher despite uncertainty surrounding the Federal Reserve's rate hike path and signs of intensifying downward pressures on prices in China.

The dollar index held steady in Asian trade after three sessions of gains. Bond yields inched lower despite Fed officials sounding hawkish tones.

Gold was little changed while oil ticked up after dropping to three-month lows on Wednesday on concerns over waning demand in the U.S. and China.

China's Shanghai Composite index fluctuated before finishing marginally higher at 3,053.28. Hong Kong's Hang Seng index slipped 0.33 percent to 17,511.29.

Official data showed earlier in the day that China's consumer price inflation fell 0.2 percent year-on-year in October while factory-gate prices declined 2.6 percent, falling for a 13th month in a row and raising concerns over domestic demand.

Japanese shares rallied after reports that Prime Minister Fumio Kishida had decided against calling an election before the end of the year.

The Nikkei average jumped 1.49 percent to 32,646.46, snapping a two-day losing streak. The broader Topix index settled 1.26 percent higher at 2,335.12.

Energy stocks outperformed, with Cosmo Energy Holdings climbing almost 9 percent after raising its profit forecast.

Watch and calculator maker Casio soared 7 percent after announcing better-than-expected financial results. Nintendo added 5.6 percent after confirming it's making a live-action Legend of Zelda movie.

Seoul stocks eked out modest gains, with the Kospi average closing up 0.23 percent at 2,427.08. Battery makers suffered losses, with Samsung SDI losing 2.3 percent and LG Energy Solution falling 1.9 percent.

Australian markets finished at a three-week high, led by banks and miners. The benchmark S&P ASX 200 rose 0.28 percent to 7,014.90 while the broader All Ordinaries index ended 0.23 percent higher at 7,215.10. Lender NAB fell 0.8 percent, reversing early gains after annual cash profit came in below expectations.

Across the Tasman, New Zealand's benchmark S&P/NZX 50 index rose 0.42 percent to 11,197.66.

Fonterra Co-Operative Group shares advanced 1.9 percent after the dairy exporter said that medium-term outlook for its New Zealand dairy market remained positive.

U.S. stocks fluctuated before ending mixed overnight and Treasury yields pulled back as the Treasury Department's auction of $40 billion worth of ten-year notes attracted average demand.

The Dow eased 0.1 percent while the S&P 500 and the tech-heavy Nasdaq Composite finished marginally higher to extend their winning streak to eight and nine sessions, respectively.

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

RTTNews | 43分前

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 | 1時57分前

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 | 2時18分前

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 2時48分前

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 | 3時29分前

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 | 3時56分前

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 | 3時59分前

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 | 4時14分前

EURUSD	1.16321	GBPUSD	1.34582	AUDUSD	0.64785
USDJPY	147.833	USDCAD	1.38537	USDCHF	0.80569