Asian Shares Slide On Inflation, Growth Worries

RTTNews | Před 1142 dny
Asian Shares Slide On Inflation, Growth Worries

(RTTNews) - Asian stocks fell broadly on Monday despite Wall Street's positive close on Friday. A cautious undertone prevailed due to lingering concerns over inflation and growth.

Chinese shares fluctuated before ending marginally lower after the People's Bank of China stood pat on its benchmark lending rates for corporate and household loans in a widely expected move. Hong Kong's Hang Seng index edged up 0.42 percent to 21,163.91.

Japanese shares declined, with chip-related and energy stocks leading losses. The Nikkei average dropped 191.78 points, or 0.74 percent, to 25,771.22 - marking a more than five-month low. The broader Topix index closed 0.92 percent lower at 1,818.94.

Japan Petroleum fell over 8 percent, Inpex lost 9.4 percent and Idemitsu Kosan plunged 7 percent. In the technology sector, Tokyo Electron and Shin-Etsu Chemical gave up 5-6 percent.

Seoul stocks tumbled to close at a 19-month low and the won touched its 27-month low as recession worries mount.

South Korea's finance minister reiterated the forex authorities' recent stance that they would take necessary steps to stabilize the currency market in case of excessive volatility.

The Kospi average fell 2.04 percent to 2,391.03, marking its lowest close since Nov 4, 2020. Samsung Electronics, SK Hynix and LG Energy Solution lost 2-3 percent.

Australian markets fell for a seventh straight session and hit fresh 16-month lows as miners plunged amid a commodities selloff on short-term demand woes.

The benchmark S&P/ASX 200 index dipped 0.64 percent to 6,433.40 while the broader All Ordinaries index ended 0.81 percent lower at 6,609.50. BHP, Rio Tinto and Fortescue Metals Group plummeted 5-9 percent.

Falling oil prices weighed on the energy sector, with Woodside Petroleum and Santos declining 5-6 percent.

In New Zealand, the benchmark S&P/NZX 50 index finished marginally lower at 10,588.20 as investors awaited comments from Federal Reserve head Jerome Powell this week for clues on the outlook for interest rates.

U.S. stocks ended a volatile session mixed on Friday, suffering their biggest weekly percentage decline in two years.

The tech-heavy Nasdaq Composite climbed 1.4 percent and the S&P 500 edged up 0.2 percent as four types of futures and options contracts expired.

The Dow slipped 0.1 percent to close at its lowest level since December 2020 as disappointing reports on industrial production and leading economic indicators added to signs of economic slowdown.

read more
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, amid the ongoing trade concerns following US President Donald Trump's latest comments on tariffs. Trump said he will be announcing new tariffs on semiconductors and chips as well as up to 250 percent on pharmaceuticals imported into the U.S.
RTTNews | Před 26 minutami
Sensex, Nifty Likely To Open On Flat Note On Tariff Worries

Sensex, Nifty Likely To Open On Flat Note On Tariff Worries

Indian shares look set to open on a flat note Wednesday as investors react to U.S. President Donald Trump's latest tariff threats and await the Reserve Bank of India's policy announcement, with investors expecting a rate pause and dovish signals to offset rising external risks.
RTTNews | Před 59 minutami
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, gathering almost 30 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,245-point plateau and it's expected to open under pressure on Wednesday.
RTTNews | Před 1 h 32 min
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is slightly higher on Wednesday after opening well in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving well above the 40,550 level, with gains in automakers, exporters and financial stocks partially offset by weakness in technology stocks.
RTTNews | Před 1 h 54 min
Indonesia Stock Market May Open In The Red On Wednesday

Indonesia Stock Market May Open In The Red On Wednesday

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just above the 7,515-point plateau and it may hand back Tuesday's gains on Wednesday.
RTTNews | Před 2 h 2 min
Australian Market Notably Higher

Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, adding to the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 8,800 level, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.
RTTNews | Před 2 h 15 min
Hong Kong Shares Due For Consolidation On Wednesday

Hong Kong Shares Due For Consolidation On Wednesday

The Hong Kong stock market has moved higher in consecutive trading days, advancing almost 400 points or 1.7 percent along the way. The Hang Seng Index now rests just above the 24,900-point plateau although investors may lock in gains on Wednesday.
RTTNews | Před 2 h 17 min
Rally May Stall For China Stock Market

Rally May Stall For China Stock Market

The China stock market has tracked higher in consecutive trading days, gathering almost 60 points or 1.7 percent along the way. The Shanghai Composite Index now sits just shy of the 3,620-point plateau although it may spin its wheels on Wednesday.
RTTNews | Před 2 h 32 min