Asian Shares Mostly Higher In Cautious Trade; Fed Minutes Eyed

RTTNews | 1106 일 전

(RTTNews) - Asian stocks were mostly higher on Wednesday, though the upside remained capped ahead of the release of minutes of the U.S. Federal Reserve's latest policy meeting later in the day.

The dollar index took a breather and gold traded flat, while oil edged up slightly to recover from six-month lows after industry data showed a larger-than-expected drop in U.S. oil and gasoline stocks.

Japan's Nikkei index climbed 0.8 percent 29,101, breaking through the 29,000 level for the first time since Jan.6, following encouraging earnings updates from U.S. retail giants.

Japan logged a trade deficit for a 12th consecutive month in July, data showed earlier today as a surge in imports overwhelmed export growth.

China's Shanghai Composite index rose 0.2 percent, a day after policymakers announced a slew of stimulus measures to revive growth.

There were also reports that Beijing is considering more debt guarantees to support the property sector.

Hong Kong's Hang Seng index gained 0.8 percent as investors await earnings from internet giant Tencent Holdings.

Seoul stocks were moving lower after three days of gains. The Kospi average slipped half a percent to 2,522, with tech and auto stocks pacing the decliners.

Australian markets were little changed with a positive bias after Q2 wage growth lagged forecasts.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index was down 0.2 percent after the country's central bank announced a fourth consecutive 50 bps rate hike to 3.00 percent, a level not seen since September 2015.

The central bank warned that domestic inflationary pressure was still high and underlying inflation was still rising.

U.S. stocks ended mixed overnight, as Walmart and Home Depot posted better-than-expected financial results and a slew of economic data painted a mixed picture of the economy.

Housing starts fell again in July and the New York's Fed's manufacturing gauge eased, while industrial production bounced back on strong manufacturing, separate reports showed.

The Dow rose 0.7 percent to extend gains for a fifth straight session and the S&P 500 edged up 0.2 percent to reach its best closing level in almost four months, while the tech-heavy Nasdaq Composite slipped 0.2 percent.

European stocks rose for a fifth straight session on Tuesday amid hopes central banks will be less aggressive with rate hikes in the coming months.

The pan European Stoxx 600 inched up 0.2 percent. The German DAX gained 0.7 percent, France's CAC 40 index added 0.3 percent and the U.K.'s FTSE 100 inched up 0.4 percent.

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.

RTTNews | 19 분 전

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves 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, which could impact the outlook for interest rates.

RTTNews | 23 분 전

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.

RTTNews | 1 시간 50 분 전

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.

RTTNews | 2 시간 8 분 전

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping 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 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 2 시간 20 분 전

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | 2 시간 26 분 전

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.

RTTNews | 2 시간 35 분 전

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.

RTTNews | 2 시간 50 분 전

EURUSD	1.16254	GBPUSD	1.34577	AUDUSD	0.64884
USDJPY	147.833	USDCAD	1.38399	USDCHF	0.80474