Japanese Market Sharply Lower

RTTNews | 616 days ago
Japanese Market Sharply Lower

(RTTNews) - Extending the losses the previous two sessions, the Japanese stock market is sharply lower on Tuesday, with the Nikkei 225 falling below the 32,800 level, following the broadly negative cues from Wall Street overnight, with losses across most sectors, led by technology and financial stocks.

The benchmark Nikkei 225 Index is down 446.96 points or 1.34 percent at 32,784.31, after hitting a low of 32,726.68 earlier. Japanese shares ended notably lower on Monday.

Market heavyweight SoftBank Group is losing more than 1 percent, while Uniqlo operator Fast Retailing is down almost 3 percent. Among automakers, Honda is gaining almost 1 percent and Toyota is edging up 0.2 percent.

In the tech space, Advantest is losing almost 5 percent, Tokyo Electron is down almost 4 percent each and Screen Holdings is declining more than 4 percent.

In the banking sector, Sumitomo Mitsui Financial is edging down 0.4 percent, while Mitsubishi UFJ Financial and Mizuho Financial are losing almost 1 percent each.

The major exporters are mixed. Panasonic is losing more than 1 percent and Mitsubishi Electric is declining almost 2 percent, while Sony is gaining almost 1 percent and Canon is edging up 0.4 percent.

Among the other major gainers, Renesas Electronics is losing almost 5 percent, while Recruit Holdings, Lasertec, Sumco and Yaskawa Electric are declining more than 3 percent each. TDK, Shin-Etsu Chemical and NEC are down almost 3 percent each.

Conversely, there are no other major gainers

In the currency market, the U.S. dollar is trading in the lower 147 yen-range on Tuesday.

On Wall Street, stocks showed a notable move to the downside in early trading on Monday, giving back ground after turning in a strong performance last Friday. The major averages subsequently climbed well off their worst levels but still ended the day in negative territory.

The Nasdaq slid 119.54 points or 0.8 percent to 14,185.49 and the S&P 500 fell 24.85 points or 0.5 percent to 4,569.78, while the narrower Dow edged down 41.06 points or 0.1 percent to 36,204.44 after falling more than 200 points early in the session.

Meanwhile, the major European markets ended the day narrowly mixed. While the German DAX Index crept up by less than 0.1 percent, the French CAC 40 Index and the U.K.'s FTSE 100 Index both edged down by 0.2 percent.

Crude oil prices drifted lower on Monday, pushing the most active futures contract to a nearly three-week low amid worries about the outlook for demand and skepticism about OPEC output cuts. The dollar's rise also weighed on oil prices. West Texas Intermediate Crude oil futures for January ended lower by $1.03 or 1.4 percent at $73.04 a barrel, the lowest settlement since November 16.

read more
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.
RTTNews | 20 minutes ago
Sensex, Nifty Set For Muted Open On Mixed Global Cues

Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.
RTTNews | 51 minutes ago
Japanese Market Sharply Higher; Up 2%

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.
RTTNews | 1h 45min ago
Indonesia Stock Market May Be Stuck In Neutral On Tuesday

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
RTTNews | 1h 53min ago
Renewed Consolidation Likely For Hong Kong Stock Market

Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
RTTNews | 2h 8min ago
Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.
RTTNews | 2h 15min ago
China Stock Market May Hand Back Monday's Gains

China Stock Market May Hand Back Monday's Gains

The China stock market bounced higher again on Monday, one session after halting the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just beneath the 3,650-point plateau although it's likely to head south again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
RTTNews | 2h 23min ago
Taiwan Shares May Run Out Of Steam On Tuesday

Taiwan Shares May Run Out Of Steam On Tuesday

The Taiwan stock market has moved higher in three straight sessions, rallying more than 685 points or 2.9 percent along the way. The Taiwan Stock Exchange now sits just above the 24,135-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
RTTNews | 2h 53min ago