Hong Kong Stock Market Tipped To Open In The Green

RTTNews | 6時7分前

(RTTNews) - The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

The Hang Seng finished modestly higher on Monday following gains from the financial shares and mixed performances from the properties and technology stocks. For the day, the index climbed 111.24 points or 0.43 percent to finish at 25,801.77 after trading between 25,671.33 and 25,859.61. Among the actives, Alibaba Group advanced 0.76 percent, while Alibaba Health Info vaulted 0.96 percent, ANTA Sports and Li Auto both jumped 0.92 percent, China Life Insurance tumbled 1.11 percent, China Mengniu Dairy eased 0.07 percent, China Resources Land added 0.73 percent, CITIC fell 0.08 percent, CNOOC surged 2.06 percent, CSPC Pharmaceutical rose 0.61 percent, Galaxy Entertainment gained 0.62 percent, Haier Smart Home stumbled 1.45 percent, Hang Lung Properties plunged 2.23 percent, Henderson Land shed 0.20 percent, Hong Kong & China Gas sank 0.56 percent, Industrial and Commercial Bank of China collected 0.16 percent, JD.com climbed 0.90 percent, Lenovo lost 0.11 percent, Li Ning spiked 1.00 percent, Meituan perked 0.10 percent, New World Development dropped 0.94 percent, Nongfu Spring soared 1.39 percent, Techtronic Industries skidded 1.03 percent, Xiaomi Corporation tanked 1.83 percent and WuXi Biologics plummeted 2.99 percent.

The lead from Wall Street is positive as the major averages opened higher on Monday and spent all day in the green.

The Dow climbed 227.79 points or 0.47 percent to finish at 48,362.68, while the NASDAQ jumped 121.21 points or 0.52 percent to close at 23,428.83 and the S&P 500 added 43.99 points or 0.64 percent to end at 6,878.49.

The strength on Wall Street came as on continued strength among technology stocks, with companies like Oracle (ORCL) and AI darling and market leader Nvidia (NVDA) leading the charge.

Overall trading activity was subdued, however, with a lack of major U.S. economic data keeping traders on the sidelines. Some traders may also be away as they look to get a head start on the Christmas Day holiday on Thursday.

Crude oil prices surged on Monday as the conflict between the U.S. and Venezuela continue to escalate, while Russia and Ukraine remain heavily engaged. West Texas Intermediate crude for February delivery was up $1.43 or 2.53 percent at $57.95 per barrel.

Cautious Optimism Expected In European Markets

Stock markets in Europe are expected to trade on a cautiously optimistic note on Tuesday amidst rising geopolitical tensions, Fed rate cut hopes, thin holiday trade as well as mixed reactions to tech valuations.

RTTNews | 1時27分前

RBA Minutes: Policymakers Discussed Rate Hike Scenario

Policymakers of the Reserve Bank of Australia discussed scenarios in which policy tightening may need to be considered, the minutes of the meeting held on December 8 and 9 showed Tuesday. Members became less confident that monetary policy remains restrictive, the minutes showed. Policymakers assessed that inflationary pressures could be a little more persistent than had been previously estimated

RTTNews | 1時31分前

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,750 level, with gains across most sectors led by financial and technology stocks.

RTTNews | 3時57分前

Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.

RTTNews | 4時6分前

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets extend their gains boosted continued strength among technology stocks. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly higher on Monday.

RTTNews | 4時10分前

Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

RTTNews | 5時31分前

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.

RTTNews | 6時12分前

Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 6時22分前

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