KOSPI May Give Up Support At 2,600 Points

RTTNews | 300 일 전

(RTTNews) - The South Korea stock market has moved lower in two straight sessions, sinking almost 25 points or 0.9 percent along the way. The KOSPI now sits just above the 2,630-point plateau and it's expected to open in the red again on Wednesday.

The global forecast for the Asian markets is negative, with weakness expected from the technology and oil companies. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead.

The KOSPI finished modestly lower on Tuesday following losses from the financial shares, technology stocks, chemical companies and industrials.

For the day, the index lost 14.98 points or 0.57 percent to finish at 2,630.29 after trading between 2,617.12 and 2,641.49. Volume was 420.7 million shares worth 10.3 trillion won. There were 527 decliners and 358 gainers.

Among the actives, Shinhan Financial tumbled 1.80 percent, while KB Financial sank 0.73 percent, Hana Financial dropped 0.80 percent, Samsung Electronics dipped 0.17 percent, Samsung SDI plummeted 4.25 percent, LG Electronics declined 1.32 percent, SK Hynix stumbled 2.20 percent, Naver rose 0.22 percent, LG Chem cratered 5.10 percent, Lotte Chemical crashed 4.22 percent, SK Innovation plunged 3.81 percent, POSCO Holdings surrendered 2.31 percent, SK Telecom slumped 0.85 percent, KEPCO surged 4.08 percent, Hyundai Mobis fell 0.58 percent, Hyundai Motor tanked 2.17 percent and Kia Motors retreated 1.79 percent.

The lead from Wall Street is mostly soft as the major averages opened mixed on Tuesday and finished in similar fashion.

The Dow gained 159.95 points or 0.37 percent to finish at 43,621.16, while the NASDAQ plummeted 260.54 points or 1.35 percent to close at 19,026.39 and the S&P 500 sank 28.00 points or 0.47 percent to end at 5,955.25.

Significant weakness among technology stocks weighed on Wall Street, as reflected the notable slump by the tech-heavy NASDAQ.

Traders continued to express concerns about the sustainability of the artificial intelligence trade ahead of the release of AI darling Nvidia's (NVDA) fourth quarter results on Wednesday.

The selling pressure also spurred concerns about the outlook for the economy after a Conference Board report showing a significant deterioration by U.S. consumer confidence in February.

Oil futures settled sharply lower on Tuesday as concerns about demand and oversupply in the market weighed and pushed the commodity's prices to the lowest level in about 11 weeks. West Texas Intermediate Crude oil futures for April settled lower by $1.77 or at $68.93 a barrel.

Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 1 시간 3 분 전

Japan Stock Market May Add To Its Winnings On Tuesday

The Japanese stock market has finished higher in two consecutive trading days, soaring more than 1,400 points or 2.7 percent along the way. The Nikkei 225 now sits just above the 50,400-point plateau and it may extend its gains on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead. The Nikkei finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers. For the day, the index jumped 895.18 points or 1.81 percent to finish at 50,402.39 after trading between 49,982.20 and 50,590.88. Among the actives, Nissan Motor improved 0.75 percent, while Mazda Motor accelerated 4.34 percent, Toyota Motor advanced 0.91 percent, Honda Motor strengthened 1.61 percent, Softbank Group soared 4.09 percent, Mitsubishi UFJ Financial jumped 1.86 percent, Mizuho Financial vaulted 1.40 percent, Mitsubishi Electric rallied 1.74 percent, Panasonic Holdings spiked 3.47 percent and Hitachi expanded 1.89 percent.

RTTNews | 1 시간 18 분 전

Additional Support Called For South Korea Shares

The South Korea stock market has moved higher in two straight sessions, advancing more than 110 points or 2.7 percent along the way. The KOSPI now sits just above the 4,100-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 1 시간 33 분 전