China Stock Market May Extend Monday's Gains

RTTNews | 66 hari yang lalu
China Stock Market May Extend Monday's Gains

(RTTNews) - The China stock market on Monday ended the three-day losing streak in which it had slumped more than 60 points or 1.7 percent. The Shanghai Composite Index now sits just above the 3,370-point plateau and it may add to its winnings on Tuesday.

The global forecast for the Asian markets is upbeat, with support expected from the technology stocks and oil companies. The European markets were slightly lower and the U.S. bourses were sharply higher and the Asian markets figure to follow the latter lead.

The SCI finished slightly higher on Monday as gains from the financials and resource stocks were capped by weakness from the property sector.

For the day, the index rose 5.20 points or 0.15 percent to finish at 3,370.03 after trading between 3,340.24 and 3,373.69. The Shenzhen Composite Index sank 13.70 points or 0.66 percent to end at 2,049.81.

Among the actives, Industrial and Commercial Bank of China improved 0.89 percent, while Bank of China collected 0.75 percent, China Construction Bank climbed 1.06 percent, China Merchants Bank gained 0.78 percent, Agricultural Bank of China advanced 0.98 percent, China Life Insurance added 0.69 percent, Jiangxi Copper surged 5.90 percent, Aluminum Corp of China (Chalco) spiked 3.30 percent, Yankuang Energy increased 0.44 percent, PetroChina rose 0.38 percent, China Petroleum and Chemical (Sinopec) slumped 1.38 percent, Huaneng Power dipped 0.14 percent, China Shenhua Energy strengthened 1.37 percent, Gemdale stumbled 2.99 percent, Poly Developments sank 0.82 percent and China Vanke plunged 2.45 percent.

The lead from Wall Street is broadly positive as the major averages opened higher on Monday and remained in the green throughout the day, ending near session highs.

The Dow jumped 597.97 points or 1.42 percent to finish at 42,583.32, while the NASDAQ rallied 404.54 points or 2.27 percent to close at 18,188.59 and the S&P 500 gained 100.01 points or 1.76 percent to end at 5,767.57.

The support on Wall Street came on reports that President Donald Trump may hold back some of the reciprocal tariffs set to take effect on April 2.

Semiconductor and networking stocks had a very good outing. Shares from steel, banking, retail and airline sectors too closed mostly higher.

Oil prices climbed higher on Monday after Trump announced a 25 percent secondary tariff on countries purchasing oil or gas from Venezuela. West Texas Intermediate Crude oil futures for May settled higher by $0.83 or 1.22 percent at $69.11 a barrel.

read more
Japan Jobless Rate Holds Steady At 2.5%

Japan Jobless Rate Holds Steady At 2.5%

The unemployment rate in Japan came in at a seasonally adjusted 2.5 percent in April, the Ministry of Internal Affairs and Communications said on Friday.
RTTNews | 21 minit yang lalu
Malaysia Stock Market Tipped To End Losing Streak

Malaysia Stock Market Tipped To End Losing Streak

The Malaysia stock market has moved lower in four straight sessions, slipping more than 15 points or 1.1 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,520-point plateau although it's due for support on Friday.
RTTNews | 32 minit yang lalu
Mild Upside Seen For Japan Stock Market

Mild Upside Seen For Japan Stock Market

The Japan stock market bounced higher again on Thursday, one day after ending the three-day winning streak in which it had collected almost 750 points or 2 percent. The Nikkei 225 now sits just above the 38,430-point plateau and it may open to the upside again on Friday.
RTTNews | 47 minit yang lalu
South Korea Industrial Output Slumps 0.8% In April

South Korea Industrial Output Slumps 0.8% In April

Industrial production in South Korea was down a seasonally adjusted 0.8 percent on month in April, Statistics Korea said on Friday. That missed expectations for an increase of 0.5 percent following the 2.9 percent jump in March.
RTTNews | 50 minit yang lalu
South Korea Stock Market Tipped To Open In The Green

South Korea Stock Market Tipped To Open In The Green

The South Korea stock market has moved higher in two straight sessions, improving more than 80 points or 3.1 percent along the way. The KOSPI now rests just above the 2,720-point plateau and it may tick higher again on Friday.
RTTNews | 1j 2min yang lalu
New Zealand Building Consents Slump 15.6% In April

New Zealand Building Consents Slump 15.6% In April

The total number of building permits issued in New Zealand was down a seasonally adjusted 15.6 percent on month in April, Statistics New Zealand said on Friday - following the 10.7 percent increase in March. In April, there were 2,418 new dwellings consented, comprising: 1,148 stand-alone houses; 1,105 townhouses, flats, and units; 85 retirement village units; and 80 apartments.
RTTNews | 1j 16min yang lalu
Japan Data On Tap For Friday

Japan Data On Tap For Friday

Japan is scheduled to release a batch of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are April numbers for unemployment, industrial production retail sales, construction orders and housing starts, plus May figures for Tokyo inflation.
RTTNews | 2j 2min yang lalu