Asian Shares Mostly Higher After BoE Move

RTTNews | 1052 일 전

(RTTNews) - Asian stocks followed Wall Street higher on Thursday after the Bank of England stepped in to buy U.K. debt, helping ease volatility in the currency and bond markets.

Chinese shares gave up early gains to end on a flat note ahead of a seven-day holiday called Golden Week from 1-7 October. The benchmark Shanghai Composite index finished 0.13 percent lower at 3,041.20, giving up early gains.

Hong Kong's Hang Seng index ended down 0.49 percent at 17,165.87 after having hit its lowest since October 2011 earlier in the day.

The yuan rebounded from a 14-year low against the dollar after the People's Bank of China warned against speculative trading and heavy one-way bets on the currency.

Japanese shares advanced, led by gains in the mining, pharmaceutical and land transportation sectors. The Nikkei average rose 0.95 percent to 26,422.05 while the broader Topix index ended 0.74 percent higher at 1,868.80.

Uniqlo clothing shop owner Fast Retailing jumped 2.2 percent and technology investor SoftBank Group gained 1.9 percent. Eisai jumped 13.6 percent to extend gains after the surprise trial success of an experimental Alzheimer's drug.

Seoul stocks ended off their day's highs as some of the euphoria over the BoE's intervention started to fade. The Kospi average added 1.64 points to close at 2,170.93, after having hit a high of 2,210.61 earlier. LG Energy Solutions and Hyundai Motor both rose over 1 percent.

Australian markets rallied as higher oil prices boosted energy stocks. Gold miners, financials and tech stocks also posted significant gains. The benchmark S&P ASX 200 gained 1.44 percent to settle at 6,555 while the broader All Ordinaries index added 1.51 percent to close at 6,760.60.

Woodside Energy jumped 3.1 percent and Santos advanced 2.3 percent. Iress plunged 17.30 percent after the software provider downgraded its fiscal 2022 profit guidance. New Zealand shares rose notably, with exporters having a good day. The benchmark S&P nZX-50 index climbed 0.72 percent to 11,200.04.

Campervan maker and retailer Tourism Holdings rallied 2.9 percent after Australia's competition watchdog approved its proposed merger with Apollo Tourism & Leisure.

Earlier today, the Reserve Bank of New Zealand proposed changes to the means by which banks should apply risk weighting to their exposures under capital adequacy rules.

U.S. stocks bounced back overnight, bond yields eased, and the dollar pulled back after the Bank of England (BoE) said it would buy long-dated government bonds on "whatever scale is necessary" to address dysfunction in the gilt market.

The Dow climbed 1.9 percent, the tech-heavy Nasdaq Composite rallied 2.1 percent and the S&P 500 added 2 percent.

Euro Higher Against Majors

The euro appreciated against its major counterparts in the New York session on Friday.

RTTNews | 11 시간 17 분 전

TSX Down Marginally In Lackluster Trade

Canadian stocks are turning in a mixed performance in somewhat lackluster trade on Friday, with investors focusing on the upcoming US - Russia summit that could help end the war in Ukraine.

RTTNews | 14 시간 7 분 전

Swiss Market Ends On Firm Note

The Switzerland market ended on a firm note on Friday with stocks from across several sectors gaining ground on sustained buying support. The mood remained positive right through the day's session, amid some expectations about an end to the Ukraine war.

RTTNews | 14 시간 35 분 전

European Stocks Close Mixed After Cautious Session

European stocks closed on a mixed note on Friday with investors largely staying cautious, awaiting the meeting of the Presidents of the U.S. and Russia, and continuing to assess Trump administration's tariff moves and their impact on global economic growth.

RTTNews | 14 시간 54 분 전

U.S. Business Inventories Rise In Line With Estimates In June

A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.

RTTNews | 16 시간 31 분 전

U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.

RTTNews | 16 시간 49 분 전

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.

RTTNews | 17 시간 18 분 전

New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.

RTTNews | 17 시간 43 분 전

EURUSD	1.1698	GBPUSD	1.3551	AUDUSD	0.6504
USDJPY	147.18	USDCAD	1.38173	USDCHF	0.8063