Australian Market Trims Early Strong Gains In Mid-market

RTTNews | 222天前

(RTTNews) - The Australian stock market slightly trims early strong gains in mid-market moves on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,300 level, with gains is gold miners, technology and financial stocks.

The benchmark S&P/ASX 200 Index is gaining 105.80 points or 1.29 percent to 8,319.10, after touching a high of 8,345.60 earlier. The broader All Ordinaries Index is up 103.70 points or 1.23 percent to 8,560.50. Australian stocks ended modestly lower on Wednesday.

Among major miners, BHP Group and Fortescue Metals are edging up 0.2 to 0.5 percent each, while Mineral Resources is losing more than 1 percent. Rio Tinto is flat.

Oil stocks are mostly lower. Woodside Energy and Santos are edging down 0.2 to 0.5 percent each, while Origin Energy is losing more than 1 percent. Beach energy is edging up 0.2 percent.

In the tech space, Afterpay owner Block and Appen are gaining more than 3 percent each, while Zip is surging almost 7 percent, WiseTech Global is advancing 1.5 percent and Xero is adding more than 1 percent.

Among the big four banks, Commonwealth Bank is gaining 2.5 percent and National Australia Bank is advancing almost 3 percent, while Westpac and ANZ Banking are adding more than 2 percent each. Among gold miners, Gold Road Resources is advancing almost 3 percent, Evolution Mining is up more than 2 percent and Newmont is adding more than 3 percent, while Resolute Mining is declining 2.5 percent. Northern Star Resources is flat.

In economic news, the unemployment rate in Australia came in at a seasonally adjusted 4.0 percent in December, the Australian Bureau of Statistics said on Thursday - in line with expectations and up from 3.9 percent in November. The participation rate was 67.1 percent, beating forecasts for 67.0 percent - which would have been unchanged.

The Australian economy added 56,300 jobs last month, blowing away expectations for an increase of 14,500 following the downwardly revised gain of 28,200 in November (originally 35,600 jobs). Full-time employment was down 23,700 jobs, while part-time employment jumped by 80,000.

In the currency market, the Aussie dollar is trading at $0.622 on Thursday.

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 | 16分鐘前

Indonesia Bourse May Hand Back Monday's Gains

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RTTNews | 19分鐘前

Hong Kong Shares May Be Stuck In Neutral On Tuesday

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RTTNews | 34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 | 36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 | 49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19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 | 1小時48分鐘前

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely 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.

RTTNews | 2小時18分鐘前

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