FTSE 100 Dips From Record High On US Rate Jitters

RTTNews | 1002 days ago
FTSE 100 Dips From Record High On US Rate Jitters

(RTTNews) - U.K. stocks were moving lower on Monday as strong U.S. jobs data raised worries that the Federal Reserve could keep hiking rates for longer to control inflation.

The benchmark FTSE 100 fell 70 points, or 0.9 percent, to 7,831 after rallying 1 percent on Friday to reach a record high.

Diageo was down half a percent after the spirits maker launched a partial tender offer to increase its stake in East African Breweries Plc to up to 65 percent from 50 percent currently.

Croda International was marginally lower. The specialty chemicals firm has agreed to acquire Solus Biotech, a South Korean provider of biotechnology-derived beauty actives, from Solus Advanced Materials, for KRW350 billion or around 232 million pounds, on a debt-free, cash-free basis.

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Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, adding to the losses in the previous session, with the benchmark S&P/ASX 200 falling well below the 8,800 level, following the broadly negative cues from Wall Street overnight, dragged by tumbling mining, energy and technology stocks.
RTTNews | 1h 14min ago
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Wednesday, following the broadly negative cues from Wall Street overnight, dragged by the benchmark indexes in Japan and South Korea which are plunging 4 to 5 percent each on concerns over stretched valuations as global tech stocks tumble on fears that an AI bubble is about to burst. Asian markets closed mostly lower on Tuesday.
RTTNews | 1h 33min ago
No Help Yet For Thai Stock Market

No Help Yet For Thai Stock Market

The Thai stock market has moved lower in four straight sessions, slumping more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,300-point plateau and it's expected to open in the red again on Wednesday.
RTTNews | 2h 40min ago
Indonesia Shares Tipped To Open In The Red

Indonesia Shares Tipped To Open In The Red

The Indonesia stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,240-point plateau and the losses may accelerate on Wednesday.
RTTNews | 3h 10min ago
Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese stock market is trading sharply lower on Wednesday, extending the losses in the previous four sessions, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is tumbling nearly 3 percent to below the 50,050 level, with weakness across most sectors led by index heavyweights and technology stocks.
RTTNews | 3h 17min ago
Lower Open Anticipated For Hong Kong Stock Market

Lower Open Anticipated For Hong Kong Stock Market

The Hong Kong stock market turned lower again on Tuesday, one day after halting the three-day losing streak in which it had dropped more than 520 points or 2 percent. The Hang Seng Index now rests just above the 25,950-point plateau and it's tipped to see continued consolidation on Wednesday.
RTTNews | 3h 25min ago
China Shares May Extend Tuesday's Losses

China Shares May Extend Tuesday's Losses

The China stock market headed south again on Tuesday, one day after ending the two-day slide in which it had dropped more than 60 points or 1.5 percent. The Shanghai Composite Index now sits just above the 3,960-point plateau and it's expected to open under water again on Wednesday.
RTTNews | 3h 40min ago