Australian Market Significantly Lower

RTTNews | 522 일 전

(RTTNews) - Losing for the sixth straight session, the Australian stock market is significantly lower on Friday, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 7,600 level, with weakness across most sectors led by mining and energy stocks.

The benchmark S&P/ASX 200 Index is losing 78.30 points or 1.03 percent to 7,563.80, after hitting a low of 7,550.80 earlier. The broader All Ordinaries Index is down 78.10 points or 0.99 percent to 7,820.80. Australian markets ended notably higher on Thursday.

Among major miners, Mineral Resources is declining almost 2 percent, while BHP Group, Rio Tinto and Fortescue Metals are losing more than 1 percent each. Oil stocks are lower. Beach energy and Origin Energy are losing more than 1 percent each, while Santos is down almost 1 percent and Woodside Energy is declining almost 3 percent.

Among tech stocks, WiseTech Global is losing more than 2 percent, Afterpay owner Block is slipping almost 3 percent and Xero is down almost 2 percent, while Zip is gaining more than 1 percent and Appen is adding almost 2 percent.

Among the big four banks, Commonwealth Bank, Westpac, ANZ Banking and National Australia Bank are losing more than 1 percent. Gold miners are mostly lower. Evolution Mining, Northern Star Resources and Newmont are edging down 0.1 percent each, while Gold Road Resources is losing almost 1 percent. Resolute Mining is edging up 0.5 percent.

In other news, shares in Karoon Energy are tumbling 6 percent after the Brazilian oil producer lowered its guidance for total production in financial 2024.

In the currency market, the Aussie dollar is trading at $0.640 on Friday.

On Wall Street, stocks came under pressure over the course of the trading session on Thursday after once again failing to sustain an early upward move. The major averages pulled back well off their highs of the session, with the Nasdaq and the S&P 500 ending the day in negative territory.

Reflecting weakness in the tech sector, the Nasdaq slid 81.87 points or 0.5 percent to 15,601.50, while the S&P 500 dipped 11.09 points or 0.2 percent to 5,011.12. The narrower Dow bucked the downtrend, inching up 22.07 points or 0.1 percent to 37,775.38.

Meanwhile, the major European markets moved to the upside on the day. While the French CAC 40 Index climbed by 0.5 percent, the U.K.'s FTSE 100 Index and the German DAX Index both rose by 0.4 percent.

Crude oil prices settled roughly flat on Thursday amid concerns about the outlook for global oil demand and on recent data showing a jump in crude oil inventories last week. West Texas Intermediate Crude oil futures for May settled at $82.73 a barrel, up $0.04 from the previous close.

South Korea Producer Prices Slip 0.1% In August

Producer prices in South Korea were down a seasonally adjusted 0.1 percent on month in August, the Bank of Korea said on Tuesday - after rising 0.4 percent in July.

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Malaysia Stock Market May See Additional Support On Tuesday

The Malaysia stock market on Monday ended the two-day slide in which it had fallen almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The KLCI finished slightly higher on Monday following gains from the financial shares, losses from the telecoms and a mixed picture from the plantation stocks. For the day, the index rose 5.11 points or 0.32 percent to finish at 1,603.34 after trading between 1,596.46 and 1,604.31. Among the actives, 99 Speed Mart Retail sank 0.76 percent, while AMMB Holdings jumped 1.26 percent, Axiata plunged 2.95 percent, Celcomdigi slumped 1.06 percent, CIMB Group strengthened 1.11 percent, Gamuda surged 3.08 percent, IHH Healthcare and Maybank both added 0.41 percent, IOI Corporation eased 0.26 percent, Kuala Lumpur Kepong lost 0.50 percent, Maxis was down 0.27 percent, MISC dropped 0.93 percent, MRDIY soared 1.91 percent, Nestle Malaysia spiked 1.88 percent, Petronas Chemicals increased 0.45 percent, Petronas Dagangan plummeted 3.04 percent, Petronas Gas retreated 1.08 percent, PPB Group slipped 0.39 percent, Press Metal shed 0.53 percent, Public Bank improved 0.71 percent, QL Resources tanked 2.05 percent, RHB Bank collected 0.61 percent, Sime Darby stumbled 2.33 percent, SD Guthrie advanced 0.95 percent, Sunway rallied 1.86 percent, Telekom Malaysia fell 0.42 percent, Tenaga Nasional rose 0.30 percent, YTL Corporation gained 0.37 percent and YTL Power climbed 0.96 percent. The lead from Wall Street is mildly positive as the major averages opened in the red on Monday but quickly bounced higher and continued to trend that way throughout the session, ending near daily highs.

RTTNews | 33 분 전

KOSPI May Extend Its Gains On Tuesday

The South Korea stock market has alternated between positive and negative finishes through the last four trading days since the end of the 11-day winning streak in which it had surged more than 300 points or 9.6 percent. Now at a fresh record closing high, the KOSPI sits just beneath the 3,470-point plateau and it may tick higher again on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The KOSPI finished modestly higher on Monday following gains from the automobile producers and mixed performances from the financial shares, chemicals and technology stocks. For the day, the index added 23.41 points or 0.68 percent to finish at 3,468.65 after trading between 3,458.87 and 3,482.25. Volume was 280.84 million shares worth 11.84 trillion won. There were 545 decliners and 332 gainers. Among the actives, Shinhan Financial fell 0.43 percent, while KB Financial collected 0.34 percent, Hana Financial dipped 0.33 percent, Samsung Electronics surged 4.77 percent, Samsung SDI rallied 2.82 percent, LG Electronics improved 0.76 percent, SK Hynix shed 0.57 percent, Naver sank 0.85 percent, LG Chem jumped 1.69 percent, Lotte Chemical lost 0.76 percent, SK Innovation perked 0.19 percent, POSCO Holdings dropped 0.88 percent, SK Telecom slumped 0.72 percent, KEPCO advanced 0.98 percent, Hyundai Mobis strengthened 1.46 percent, Hyundai Motor accelerated 1.87 percent and Kia Motors rose 0.30 percent.

RTTNews | 1 시간 3 분 전

U.S. Dollar Declines Amid Rate Cut Hopes

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Singapore Inflation Data Due On Tuesday

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Swiss Market Settles Marginally Up

The Switzerland market ended marginally up on Monday, despite struggling a bit early on in the session, and then for a few minutes in the final hour.

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European Stocks Close Mostly Lower After Cautious Session

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