Australian Market Sharply Lower

RTTNews | 952 일 전

(RTTNews) - The Australian stock market is sharply lower on Tuesday after opening in the green on the first trading day of the year, giving up the gains in the previous session, with the benchmark S&P/ASX 200 falling below the 7,000 mark, despite the broadly positive cues from global markets overnight, as trader reacted to data that showed the lowest growth in factory activity since May 2020, with new orders slipping for the first time in 15 months.

Financial stocks were hit badly as major central banks are expected to continue to raise interest rates further this year in an ongoing effort to reign is inflation.

The benchmark S&P/ASX 200 Index is losing 115.00 points or 1.63 percent to 6,923.70, after hitting a low of 6,922.40 earlier. The broader All Ordinaries Index is down 116.30 points or 1.61 percent to 7,105.40. Australian stocks closed modestly higher on Friday prior to the extended New Year weekend holidays.

Among the major miners, Mineral Resources is declining more than 2 percent and Rio Tinto is down almost 1 percent, while BHP Group and Fortescue Metals are edging down 0.4 to 0.5 percent each. OZ Minerals is flat.

Oil stocks are mostly weak. Beach energy is losing more than 1 percent, while Origin Energy, Santos and Woodside Energy are down almost 1 percent each. Among tech stocks, WiseTech Global and Appen are losing more than 2 percent each, while Xero is down almost 1 percent, Zip is declining almost 2 percent and Afterpay owner Block is edging down 0.3 percent.

Gold miners are mostly higher. Northern Star Resources, Newcrest Mining and Gold Road Resources is edging up 0.1 to 0.5 percent each, while Evolution Mining is gaining almost 1 percent. Resolute Mining is flat.

Among the big four banks, Commonwealth Bank is losing more than 1 percent, while Westpac and National Australia Bank are declining almost 2 percent each. ANZ Banking is flat. In the currency market, the Aussie dollar is trading at $0.679 on Tuesday.

The Wall Street was closed for extended New Year weekend holiday on Monday. The shares closed modestly lower on Friday.

The major European markets moved to the upside on the day. The German DAX jumped 0.9 percent and France's CAC 40 index added 1.30 percent, while The U.K.'s FTSE 100 Index was closed.

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.

RTTNews | 20 분 전

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.

RTTNews | 58 분 전

Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.

RTTNews | 1 시간 30 분 전

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.

RTTNews | 2 시간 24 분 전

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 2 시간 32 분 전

Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 2 시간 47 분 전

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.

RTTNews | 2 시간 54 분 전

China Stock Market May Hand Back Monday's Gains

The China stock market bounced higher again on Monday, one session after halting the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just beneath the 3,650-point plateau although it's likely to head south again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 3 시간 2 분 전

EURUSD	1.1619	GBPUSD	1.34318	AUDUSD	0.65189
USDJPY	148.396	USDCAD	1.37776	USDCHF	0.81137