Asian Shares Mixed Amid China Concerns

RTTNews | 564 일 전
Asian Shares Mixed Amid China Concerns

(RTTNews) - Asian stocks turned in a mixed performance on Friday, with Chinese and Hong Kong markets underperforming after wealth manager Zhongzhi Enterprise Group told investors it is heavily insolvent with up to $64 billion in liabilities. Trading volumes were muted due to a holiday in the U.S. for Thanksgiving.

The dollar ticked lower in Asian trade while Treasury yields climbed on expectations that U.S. interest rates will remain elevated.

Gold was little changed but poised for a second weekly gain. Oil prices were on course to post their first weekly gain on hopes of OPEC+ supply cuts.

China's Shanghai Composite index dropped 0.68 percent to 3,040.97, with property stocks in focus on hopes for more supportive policy measures. Beijing prepared a whitelist of developers that would have easy access to financing.

Hong Kong's Hang Seng index fell 1.96 percent to 17,559.42. Chow Tai Fook Jewlery fell nearly 11 percent after revenue in mainland China dropped during the first half of FY24.

Japanese stocks rose in catch-up trade after a holiday on Thursday. The Nikkei average pared early gains to end 0.52 percent higher at 33,625.53 after the release of weaker-than-expected consumer inflation data for October.

The broader Topix index settled 0.54 percent higher at 2,390.94 as a weaker yen bolstered exporters' stocks. Automakers Honda Motor, Nissan, Toyota and Mazda Motor climbed 2-3 percent.

Seoul stocks ended notably lower, with the Kospi average finishing down 0.73 percent at 2,496.63.

Australian markets edged up slightly, with miners, banks and energy stocks leading the surge. The benchmark S&P/ASX 200 rose 0.17 percent to 7,040.80 while the broader All Ordinaries index settled 0.14 percent higher at 7,244.10.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index ended up 0.21 percent at 11,211.22.

read more
Australia NAB Business Conditions Ease; Confidence Improves

Australia NAB Business Conditions Ease; Confidence Improves

Australian business conditions eased in May amid ongoing profitability pressures and soft demand, while business confidence improved from the last month, survey data from NAB showed on Tuesday. A monthly survey conducted by Westpac showed that consumer confidence rose moderately in June, underpinned by interest rate cut and softening inflation.
RTTNews | 45 분 전
European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and industrial production from Italy are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to fall to 4.6 percent in three months to April from 4.5 percent in the preceding period.
RTTNews | 1 시간 42 분 전
Australian Market Doubles Early Gains In Mid-market

Australian Market Doubles Early Gains In Mid-market

The Australian stock market is doubling its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,600 level, with gains in iron ore miners, financial, technology and energy stocks partially offset by weakness in gold miners.
RTTNews | 2 시간 29 분 전
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, amid easing trade war tensions between the US and China after the two superpowers began high-level trade talks in London, with negotiations expected to continue on Tuesday. The tariff war between the two countries has already rattled the global economy.
RTTNews | 3 시간 11 분 전
Sensex, Nifty Seen Higher At Open As Sino-US Talks Continue

Sensex, Nifty Seen Higher At Open As Sino-US Talks Continue

Indian shares look set to open on a positive note Tuesday as top officials from the U.S. and China continue their trade talks for a second day today to resolve their differences and ease tensions over rare-earth minerals and technology shipments.
RTTNews | 3 시간 38 분 전
Thai Bourse May Extend Losing Streak

Thai Bourse May Extend Losing Streak

The Thai stock market has ticked lower in back-to-back sessions, slipping more than 5 points or 0.4 percent along the way. The Stock Exchange of Thailand now rests just above the 1,135-point plateau and it may take further damage on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.
RTTNews | 4 시간 9 분 전