DAX Slips On Growth Concerns

RTTNews | 745 days ago
DAX Slips On Growth Concerns

(RTTNews) - German stocks traded lower on Friday after data showed the country's business activity slowed notably this month due to a combination of a slower rise in service sector business activity and a deepening downturn in manufacturing output.

The HCOB German Flash Composite PMI, compiled by S&P Global, fell to 50.8 in June from 53.9 in May.

The benchmark DAX was down 94 points, or 0.6 percent, at 15,894 after declining 0.2 percent in the previous session.

Siemens Energy shares plummeted over 31 percent. The company, which supplies equipment and services to the power sector, withdrew its profit guidance for fiscal year 2023 due to Siemens Gamesa citing a substantial increase in failure rates of wind turbine components.

Industrial engineering and steel production company Thyssenkrupp fell nearly 2 percent on reports that its Nucera hydrogen unit is seeking to raise as much as €566 million ($615 million) in an initial public offering.

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Mild Selling Pressure Tipped For Thai Stock Market

Mild Selling Pressure Tipped For Thai Stock Market

The Thai stock market ticked higher again on Monday, one session after ending the four-day winning streak in which it had surged almost 50 points or 4.6 percent. The Stock Exchange of Thailand now sits just beneath the 1,125-point plateau and it's likely to remain rangebound again on Tuesday.
RTTNews | 40 minutes ago
Indonesia Bourse May Hand Back Monday's Gains

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday ended the four-day losing streak in which it had slumped more than 60 points or 0.9 percent. The Jakarta Composite Index now sits just above the 6,900-point plateau although it's likely to turn lower again on Tuesday.
RTTNews | 1h 10min ago
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Tuesday, reversing the losses in the previous session, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 moving well above the 39,700 level, with gains in automakers and technology stocks.
RTTNews | 1h 12min ago
Hong Kong Bourse May Extend Losing Streak

Hong Kong Bourse May Extend Losing Streak

The Hong Kong stock market has finished lower in three straight sessions, sinking more than 330 points or 1.4 percent along the way. The Hang Seng Index now sits just shy of the 23,890-point plateau and it's tipped to open to the downside again on Tuesday.
RTTNews | 1h 25min ago
China Bourse May Spin Its Wheels On Tuesday

China Bourse May Spin Its Wheels On Tuesday

The China stock market has moved higher in three straight sessions, collecting almost 20 points or 0.6 percent along the way. The Shanghai Composite Index now sits just above the 3,470-point plateau although the rally may stall on Tuesday.
RTTNews | 1h 40min ago
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,600 level, with weakness in iron ore miners and mixed performance in most other sectors.
RTTNews | 1h 42min ago
Taiwan Stock Market May Extend Monday's Losses

Taiwan Stock Market May Extend Monday's Losses

The Taiwan stock market has finished lower in two straight sessions, shedding almost 300 points or 1.3 percent along the way. The Taiwan Stock Exchange now sits just beneath the 22,430-point plateau and it may take further damage on Tuesday.
RTTNews | 2h 10min ago
Lower Open Called For Singapore Stock Market

Lower Open Called For Singapore Stock Market

The Singapore stock market bounced higher again on Monday, one session after ending the three-day winning streak in which it had advanced more than 55 points or 1.3 percent. The Straits Times Index now rests just above the 4,030-point plateau although it may turn lower again on Tuesday.
RTTNews | 2h 40min ago