DAX Slumps On Concerns Over US Economy

RTTNews | 658 hari yang lalu
DAX Slumps On Concerns Over US Economy

(RTTNews) - German stocks succumbed to heavy selling pressure on Wednesday, with the lack of details on China's stimulus measures and the U.S. credit rating downgrade by Fitch Ratings denting sentiment.

The benchmark DAX was down 276 points, or 1.7 percent, at 15,963 after losing 1.3 percent in the previous session.

Automotive and industrial supplier Schaeffler Group fell 2.2 percent despite lifting its FY23 margin view and backing sales growth forecast.

Likewise, Hugo Boss declined 1.2 percent despite the luxury fashion brand reporting higher earnings and sales in the second quarter and raising its guidance again for 2023.

Specialty chemicals maker Symrise lost 2.4 percent after reporting lower earnings for the first half of the year.

Siemens Healthineers plunged 7.6 percent. The medical device maker confirmed its outlook after reporting an unexpected drop in quarterly operating profit.

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Asian Markets Tracks Wall Street Lower

Asian Markets Tracks Wall Street Lower

Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from Wall Street overnight, amid rising treasury yields on concerns about the fiscal impact of a new U.S. tax bill on the country's deficit. The lack of clear progress on new trade deals is also weighing on the markets. Asian markets closed mostly higher on Wednesday.
RTTNews | 19 minit yang lalu
Sensex, Nifty Set To Open Lower After US Selloff

Sensex, Nifty Set To Open Lower After US Selloff

Indian shares may open lower on Thursday as investors react to escalating geopolitical tensions, rising U.S. Treasury yields and a lack of progress on U.S. trade talks with partners.
RTTNews | 46 minit yang lalu
Soft Start Anticipated For Thai Stock Market

Soft Start Anticipated For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last 11 trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just beneath the 1,180-point plateau and it may tick lower again on Thursday.
RTTNews | 1j 18min yang lalu
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 37,100 level, with weakness across most sectors led by index heavyweights and technology stocks.
RTTNews | 1j 48min yang lalu
Indonesia Bourse May Hand Back Wednesday's Gains

Indonesia Bourse May Hand Back Wednesday's Gains

The Indonesia stock market bounced higher again on Wednesday, one day after snapping the five-day winning streak in which it had rallied more than 310 points or 4.5 percent. The Jakarta Composite Index now rests just above the 7,140-point plateau, although it may head south again on Thursday. The global forecast for the Asian markets is negative on concerns over rising bond yields. The European markets were mixed and the U.S. bourses were sharply lower and the Asian markets also figure to open under pressure.
RTTNews | 1j 48min yang lalu
Lower Open Called For Hong Kong Stock Market

Lower Open Called For Hong Kong Stock Market

The Hong Kong stock market has finished higher in consecutive trading days, accelerating almost 500 points or 2.2 percent along the way. The Hang Seng Index now sits just above the 23,825-point plateau, although it's likely to run out of steam on Thursday.
RTTNews | 2j 3min yang lalu
Australian Market Notably Lower

Australian Market Notably Lower

The Australian market is trading notably lower on Thursday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,300 level, with weakness across most sectors led by and technology stocks. Gold miners are the only bright spot.
RTTNews | 2j 6min yang lalu
Rally May Stall For China Stock Market

Rally May Stall For China Stock Market

The China stock market has climbed higher in three straight sessions, improving more than 20 points or 0.6 percent along the way. The Shanghai Composite Index now rests just shy of the 3,390-point plateau, although it may run out of steam on Thursday.
RTTNews | 2j 18min yang lalu