China Bourse May Spin Its Wheels On Monday

RTTNews | 1日前

(RTTNews) - The China stock market on Friday ended the two-day winning streak in which it had advanced more than 45 points or 1.1 percent. The Shanghai Composite Index now sits just beneath the 4,000-point plateau and it may sink further on Monday.

The global forecast for the Asian markets is mixed to lower on continuing concerns about an artificial intelligence bubble. The European markets were down and the U.S. bourse were mixed and flat and the Asian markets figure to split the difference.

The SCI finished slightly lower on Friday following losses from the financials and resource stocks, support from the oil companies and a mixed picture from the property sector.

For the day, the index slipped 10.20 points or 0.25 percent to finish at 3,997.56 after trading between 3,993.69 and 4,012.01. The Shenzhen Composite Index fell 7.65 points or 0.30 percent to end 2,519.29.

Among the actives, Industrial and Commercial Bank of China and Agricultural Bank of China both were down 0.49 percent, Bank of China fell 0.35 percent, China Merchants Bank collected 0.40 percent, Bank of Communications sank 0.41 percent, China Life Insurance and China Shenhua Energy both shed 0.59 percent, Jiangxi Copper eased 0.20 percent, Aluminum Corp of China (Chalco) skidded 1.01 percent, Yankuang Energy lost 0.64 percent, PetroChina rallied 1.25 percent, China Petroleum and Chemical (Sinopec) climbed 1.08 percent, Huaneng Power slid 0.24 percent, Gemdale slipped 0.26 percent, Poly Developments perked 0.14 percent and China Vanke was unchanged.

The lead from Wall Street is cloudy as the major averages spent most of Friday under water before a late push salvaged a mixed close.

The Dow added 74.80 points or 0.16 percent to finish at 46,987.10, while the NASDAQ sank 49.46 points or 0.21 percent to close at 23,004.54 and the S&P 500 rose 8.48 points or 0.13 percent to end at 6,728.80.

For the week, the tech-heavy NASDAQ plunged 3.0 percent, while the S&P 500 tumbled 1.7 percent and the Dow slumped 1.2 percent.

The recovery in afternoon trading reflected optimism about an end to the prolonged government shutdown following an offer from top Senate Democrat Chuck Schumer - although Republicans turned the offer down later in the day.

Negative sentiment was also generated by a report from the University of Michigan showing consumer sentiment in the U.S. has deteriorated much more than anticipated in November; consumers are now expressing worries about potential negative economic consequences of the shutdown as the stalemate exceeds one month.

Crude oil prices saw modest gains on Friday as a weakening dollar was offset by reports of oversupply and low demand. West Texas Intermediate crude for December delivery was up $0.38 or 0.64 percent at $59.81 per barrel.

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders react to further progress made towards ending the US government shutdown, with the US Senate commencing a series of votes on a package to reopen the government and end the longest shutdown on record. Asian markets closed mostly higher on Monday.

RTTNews | 1時2分前

Sensex, Nifty Seen Opening Higher On Trade Deal Hopes

Indian shares look set to open on a positive note Tuesday after U.S. President Donald Trump indicated he would reduce the tariff rate on Indian goods "at some point," and that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | 1時35分前

Thai Shares Expected To Open To The Upside On Tuesday

The Thai stock market has moved higher in two of three trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,305-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 2時6分前

Rebound Tipped For Indonesia Stock Market

The Indonesia stock market on Monday snapped the three-day winning streak in which it had gained almost 160 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,390-point plateau although it's expected to see renewed support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The JCI finished slightly lower on Monday as losses from the financials and telecoms were mitigated by support from the resource stocks and a mixed picture from the cement companies. For the day, the index eased 3.35 points or 0.04 percent to finish at the daily low of 8,391.24 after peaking at 8,478.15. Among the actives, Bank CIMB Niaga shed 0.57 percent, while Bank Mandiri fell 0.42 percent, Bank Danamon Indonesia collected 0.40 percent, Bank Negara Indonesia tumbled 1.78 percent, Bank Central Asia skidded 1.15 percent, Bank Rakyat Indonesia slumped 1.26 percent, Indosat Ooredoo Hutchison plunged 3.72 percent, Indocement improved 0.78 percent, Semen Indonesia plummeted 4.17 percent, Indofood Sukses Makmur slipped 0.35 percent, United Tractors rallied 1.36 percent, Energi Mega Persada surged 4.60 percent, Astra Agro Lestari dropped 0.96 percent, Aneka Tambang rose 0.34 percent, Vale Indonesia eased 0.22 percent, Timah soared 6.85 percent, Bumi Resources spiked 6.38 percent and Astra International was unchanged. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | 2時36分前

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 51,350 level, with gains in index heavyweights, financial and technology and stocks.

RTTNews | 2時50分前

Higher Open Predicted For Hong Kong Stock Market

The Hong Kong stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped more than 220 points or 0.8 percent. The Hang Seng Index now rests just beneath the 26,650-point plateau and it's expected to open to the upside again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 2時51分前

Additional Support Likely For China Stock Market

The China stock market bounced higher again on Monday, one session after halting the two-day winning streak in which it had advanced more than 45 points or 1.1 percent. The Shanghai Composite Index now sits just beneath the 4,020-point plateau The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The SCI finished modestly higher on Monday following gains from the financial shares, property stocks and resource companies. For the day, the index gained 21.04 points or 0.53 percent to finish at 4,018.60 after trading between 3,990.84 and 4,018.70. The Shenzhen Composite Index added 10.15 points or 0.40 percent to end at 2,529.44. Among the actives, Industrial and Commercial Bank of China advanced 0.87 percent, while Bank of China rose 0.35 percent, Agricultural Bank of China rallied 2.12 percent, China Merchants Bank added 0.49 percent, Bank of Communications collected 0.82 percent, China Life Insurance jumped 1.95 percent, Jiangxi Copper improved 0.95 percent, Aluminum Corp of China (Chalco) soared 3.26 percent, Yankuang Energy vaulted 1.88 percent, PetroChina strengthened 1.65 percent, China Petroleum and Chemical (Sinopec) fell 0.27 percent, Huaneng Power perked 0.24 percent, China Shenhua Energy gained 0.94 percent, Gemdale spiked 2.33 percent, Poly Developments increased 1.25 percent and China Vanke climbed 1.29 percent.

RTTNews | 3時6分前

Taiwan Bourse Expected To Open In The Green On Tuesday

The Taiwan stock market has moved higher in two of three trading days since the end of the two-day losing streak in which it had given up more than 640 points or 2.3 percent. The Taiwan Stock Exchange now sits just beneath the 27,870-point plateau and it's likely to extend its gains on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 3時36分前

EURUSD	1.15547	GBPUSD	1.3166	AUDUSD	0.65284
USDJPY	154.305	USDCAD	1.40334	USDCHF	0.80493