Hong Kong Shares Tipped To Open In The Green

RTTNews | 652日前
Hong Kong Shares Tipped To Open In The Green

(RTTNews) - The Hong Kong stock market has finished lower in four straight sessions, tumbling more than 500 points or 3 percent in that span. The Hang Seng Index now rests just above the 16,530-point plateau although it may find support on Monday.

The global forecast for the Asian markets is murky as investors try to balance upbeat economic data against its consequences for interest rates. The European markets were down on Friday and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

The Hang Seng finished modestly lower on Friday following losses from the financial shares and technology stocks, while the properties came in mixed.

For the day, the index lost 110.67 points or 0.66 percent to finish at 16,535.33 after trading between 16,455.57 and 16,745.73.

Among the actives, Alibaba Group plunged 3.24 percent, while Alibaba Health Info declined 2.03 percent, ANTA Sports slid 0.21 percent, China Life Insurance dropped 1.03 percent, China Mengniu Dairy weakened 1.31 percent, China Resources Land rallied 0.94 percent, CITIC skidded 1.16 percent, CNOOC jumped 1.65 percent, Country Garden and CLP Holdings both eased 0.16 percent, CSPC Pharmaceutical tumbled 2.18 percent, ENN Energy surged 3.69 percent, Galaxy Entertainment tanked 2.83 percent, Haier Smart Home soared 2.80 percent, Hang Lung Properties fell 0.39 percent, Hong Kong & China Gas advanced 0.68 percent, Industrial and Commercial Bank of China lost 0.79 percent, JD.com stumbled 1.59 percent, Lenovo plummeted 3.93 percent, Li Ning retreated 1.77 percent, Meituan added 0.32 percent, New World Development slumped 1.42 percent, Techtronic Industries sank 0.97 percent, Xiaomi Corporation shed 0.93 percent, WuXi Biologics surrendered 2.48 percent and Henderson Land was unchanged.

The lead from Wall Street offers little clarity as the major averages saw considerable volatility on Friday before ending with slight gains.

The Dow added 25.81 points or 0.07 percent to finish at 37,466.11, while the NASDAQ rose 13.77 points or 0.09 percent to close at 14,524.07 and the S&P 500 perked 8.56 points or 0.18 percent to end at 4,697.24.

For the week, the major averages were down for the first time in 10 weeks as the NASDAQ plunged 3.3 percent, the S&P 500 slumped 1.5 percent and the Dow slid 0.6 percent.

The volatility came as traders reacted to key U.S. economic data, including a closely watched Labor Department report showing stronger than expected job growth in December.

While the data initially raised concerns about the outlook for interest rates, positive sentiment prevailed as traders digested the details of the report, which also showed notable downward revisions to job growth in October and November.

Crude oil showed a strong move to the upside on Friday, reflected ongoing fears of an escalation of the Israel-Hamas war into a broader regional conflict. West Texas Intermediate for February delivery surged $1.62 or 2.2 percent to $73.81 a barrel.

read more
China Bourse May Reclaim 3,900-Point Level

China Bourse May Reclaim 3,900-Point Level

The China stock market moved back to the upside again on Monday, one session after ending the two-day winning streak in which it had climbed more than 50 points or 1.2 percent. The Shanghai Composite Index now sits above the 3,860-point plateau and it's expected to open to the upside again on Tuesday.
RTTNews | 24分前
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is trading notably higher on Tuesday, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 9,050 level, with gains across most sector led by mining and technology stocks.
RTTNews | 34分前
Tech Surge May Boost Taiwan Stock Market

Tech Surge May Boost Taiwan Stock Market

The Taiwan stock market rebounded on Monday, one session after halting the two-day winning streak in which it had jumped more than 850 points or 2.9 percent. The Taiwan Stock Exchange now sits just beneath the 27,700-point plateau and it may extend its gains on Tuesday.
RTTNews | 54分前
Singapore Shares May Find Traction On Tuesday.

Singapore Shares May Find Traction On Tuesday.

Ahead of Monday's holiday for Diwali, the Singapore stock market had moved lower in two straight sessions, slipping almost 40 points or 0.9 percent along the way. The Straits Times Index now rests just beneath the 4,330-point plateau although it may stop the bleeding on Tuesday.
RTTNews | 1時24分前
Rebound Anticipated For Malaysia Stock Market

Rebound Anticipated For Malaysia Stock Market

Ahead of Monday's holiday for Diwali, the Malaysia stock market had ended the two-day winning streak in which it had picked up less than a point. The Kuala Lumpur Composite Index now sits just beneath the 1,610-point plateau although it's expected to bounce higher again on Tuesday.
RTTNews | 1時54分前
Japan Bourse May Extend Monday's Gains

Japan Bourse May Extend Monday's Gains

The Japanese stock market bounced sharply higher again on Monday, one session after halting the two-day winning streak in which it had rallied more than 1,425 points or 2.8 percent. The Nikkei 225 now sits just above the 49,180-point plateau and it may add to its winnings on Tuesday.
RTTNews | 2時9分前
Win Streak May Continue For South Korea Shares

Win Streak May Continue For South Korea Shares

The South Korea stock market has tracked higher in four straight sessions, accelerating more than 250 points or 6.7 percent in that span. Now at another fresh record closing high, the KOSPI rests just beneath the 3,815-point plateau and it's tipped to open in the green again on Tuesday.
RTTNews | 2時24分前