China Stock Market May Hand Back Monday's Gains

RTTNews | 968 일 전
China Stock Market May Hand Back Monday's Gains

(RTTNews) - The China stock market moved higher again on Monday, one session after ending the three-day winning streak in which it had advanced more than 85 points or 2.8 percent. The Shanghai Composite Index now rests just above the 3,210-point plateau although it's predicted to open under pressure again on Tuesday. The global forecast for the Asian markets is soft on concerns for the economy and for the outlook for interest rates. The European markets were mixed and the U.S. bourses were firmly in the red and the Asian markets are tipped to follow the latter lead.

The SCI finished sharply higher on Monday following gains from the financial shares, property stocks and resource companies. For the day, the index jumped 55.67 points or 1.76 percent to finish at 3,211.81 after trading between 3,177.06 and 3,213.44. Among the actives, Industrial and Commercial Bank of China strengthened 1.42 percent, while Bank of China jumped 1.61 percent, China Construction Bank rallied 2.74 percent, China Merchants Bank soared 4.97 percent, Bank of Communications collected 1.28 percent, China Life Insurance surged 5.10 percent, Jiangxi Copper spiked 3.47 percent, Aluminum Corp of China (Chalco) skyrocketed 9.91 percent, Yankuang Energy advanced 0.97 percent, PetroChina increased 2.31 percent, China Petroleum and Chemical (Sinopec) improved 2.67 percent, Huaneng Power accelerated 3.43 percent, China Shenhua Energy climbed 1.50 percent, Gemdale added 0.71 percent, Poly Developments gained 0.93 percent and China Vanke was up 2.88 percent.

The lead from Wall Street is negative as the major averages opened modestly lower and the losses accelerated as the day progressed, ending near session lows.

The Dow tumbled 482.78 points or 1.40 percent to finish at 33,947.10, while the NASDAQ slumped 221.56 points or 1.93 percent to close at 11,239.94 and the S&P 500 sank 72.86 points or 1.79 percent to end at 3,998.84.

The weakness on Wall Street reflected lingering uncertainty about the outlook for interest rates following last Friday's stronger-than-expected jobs data.

While the Federal Reserve is widely expected to slow the pace of interest rate hikes next week, continued labor market tightness and elevated inflation may still lead the central bank to raise rates higher than currently anticipated. A drop in treasuries compounded the uncertainty.

Adding to the worries about where rates will peak, the Institute for Supply Management said that U.S. service sector activity unexpectedly accelerated in November.

Oil prices fell on Monday as strong U.S. service data raised the prospects for more aggressive moves by the Federal Reserve. West Texas Intermediate Crude futures for January ended lower by $3.05 or 3.8 percent at $76.93 a barrel.

read more
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, reversing some of the gains in the previous three sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,750 level, with weakness cross most sectors led by mining and energy stocks.
RTTNews | 13 분 전
Asian Markets Mostly Lower On Tariff Worries

Asian Markets Mostly Lower On Tariff Worries

Asian stock markets are trading mostly lower on Thursday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead of the final deadline of August 1 set by the US President Donald Trump for reaching trade deals with its trading partner countries. Trump hinted at higher tariffs on certain countries after the deadline. Asian markets closed mixed on Wednesday.
RTTNews | 38 분 전
Sensex, Nifty Set For Weak Start On Tariff Concerns

Sensex, Nifty Set For Weak Start On Tariff Concerns

Indian shares may open on a sluggish note Thursday after the United States slapped a 25 percent tariff on India, effective August 1, and threatened further penalty on Russian oil and BRICS.
RTTNews | 1 시간 5 분 전
Thai Stock Market May Run Out Of Steam On Thursday

Thai Stock Market May Run Out Of Steam On Thursday

The Thai stock market has finished higher in three straight sessions, collecting more than 30 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,245-point plateau although it may spin its wheels on Thursday.
RTTNews | 1 시간 39 분 전
Australia Export Prices Sink 4.5% In Q2

Australia Export Prices Sink 4.5% In Q2

Export prices in Australia were down 4.5 percent on quarter and 3.3 percent on year in the second quarter of 2025, the Australian Bureau of Statistics said on Thursday.
RTTNews | 1 시간 46 분 전
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday, snapping a four-session losing streak, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 41,950 level, with gains in financial and technology stocks and a mixed performance in most other sectors.
RTTNews | 1 시간 51 분 전
Australia Retail Sales Rise 1.2% In June

Australia Retail Sales Rise 1.2% In June

Retail sales in Australia were up a seasonally adjusted 1.2 percent on month in June, the Australian Bureau of Statistics said on Thursday - coming in at A$37.906 billion.
RTTNews | 1 시간 52 분 전
Australia Building Approvals Jump 11.9% In June

Australia Building Approvals Jump 11.9% In June

The total number of building approvals issued in Australia was up a seasonally adjusted 11.9 percent on month in June, the Australian Bureau of Statistics said on Thursday - standing at 17,076.
RTTNews | 1 시간 57 분 전