Australian Market Notably Higher

RTTNews | 1天前

(RTTNews) - The Australian stock market is notably higher on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weal spot.

The benchmark S&P/ASX 200 Index is gaining 59.00 points or 0.66 percent to 9,026.80, after touching a high of 9,054.50 earlier. The broader All Ordinaries Index is up 62.60 points or 0.68 percent to 9,296.90. Australian stocks closed notably lower on Friday.

Among the major miners, Fortescue and Rio Tinto are adding more than 2 percent each, while BHP Group is gaining almost 3 percent and Mineral Resources is advancing more than 4 percent.

Oil stocks are mostly higher. Woodside Energy and Santos are adding more than 1 percent each, while Beach energy is gaining almost 2 percent. Origin Energy is edging down 0.5 percent.

Among tech stocks, Afterpay owner Block and Zip are surging more than 6 percent each, while WiseTech Global is adding almost 1 percent and Appen is advancing almost 5 percent. Xero is edging down 0.2 percent.

Gold miners are mostly higher. Northern Star Resources is adding almost 3 percent, Newmont is up more than 1 percent and Evolution Mining is gaining almost 2 percent, while Resolute Mining is losing more than 2 percent and Gold Road Resources is edging down 0.3 percent.

Among the big four banks, National Australia Bank is edging up 0.4 percent, while ANZ Banking and Westpac are edging down 0.3 percent each. Commonwealth Bank is flat.

In other news, shares in Nuix are diving more than 13 percent after the software maker slipped to a loss for the full year, due to higher legal costs and signing fewer multi-year customer contracts..

Shares in Reece are tumbling more than 14 percent after reporting downbeat results as weak housing markets in Australia, New Zealand and the US weighed on demand. In the currency market, the Aussie dollar is trading at $0.648 on Monday.

On Wall Street, stocks showed a substantial move back to the upside during trading on Friday after trending lower over the past several sessions. The major averages all moved sharply higher on the day, with the Dow reaching a new record closing high.

The major averages ended the day well off their best levels but still posted strong gains. The Dow shot up 846.24 points or 1.9 percent to 45,631.74, the Nasdaq surged 396.22 points or 1.9 percent to 21,496.53 and the S&P 500 jumped 96.74 points or 1.5 percent to 6,466.91.

The major European markets also showed significant moves to the upside on the day. While the French CAC 40 Index climbed by 0.4 percent, the German DAX Index rose by 0.3 percent and the U.K.'s FTSE 100 Index inched up by 0.1 percent.

Crude oil prices rose modestly on Friday as expectations of a Russia-Ukraine peace deal waned with no progress. West Texas Intermediate crude for October delivery was up $0.13 or 0.20 percent at $63.65 per barrel.

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 15分鐘前

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 43分鐘前

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 45分鐘前

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1小時0分鐘前

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 1小時3分鐘前

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 1小時15分鐘前

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 1小時45分鐘前

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2小時15分鐘前

EURUSD	1.16416	GBPUSD	1.34724	AUDUSD	0.64818
USDJPY	147.428	USDCAD	1.38525	USDCHF	0.80433