Win Streak May Continue For Japan Stock Market

RTTNews | 114 days ago
Win Streak May Continue For Japan Stock Market

(RTTNews) - The Japanese stock market has moved higher in back-to-back sessions, collecting more than 600 points or 1.6 percent along the way. The Nikkei 225 now rests just beneath the 37,400-point plateau and it may extend its gains on Tuesday.

The global forecast for the Asian markets is positive ahead of the FOMC meeting later this week. The European and U.S. markets moved higher and the Asian markets are expected to follow that lead.

The Nikkei finished modestly higher on Monday following gains from the financial shares, technology stocks and automobile producers.

For the day, the index gained 343.42 points or 0.93 percent to finish at 37,396.52 after trading between 37,377.55 and 37,563.27.

Among the actives, Nissan Motor rose 0.23 percent, while Mazda Motor climbed 1.02 percent, Toyota Motor added 0.51 percent, Honda Motor accelerated 1.79 percent, Softbank Group jumped 1.82 percent, Mitsubishi UFJ Financial collected 1.47 percent, Mizuho Financial gained 0.55 percent, Sumitomo Mitsui Financial improved 0.65 percent, Mitsubishi Electric surged 6.27 percent, Sony Group rallied 2.02 percent, Panasonic Holdings strengthened 1.39 percent and Hitachi soared 2.55 percent.

The lead from Wall Street is upbeat as the major averages opened higher on Monday, dipped midday but still finished solidly in the green.

The Dow jumped 353.44 points or 0.85 percent to finish at 41,841.63, while the NASDAQ climbed 54.58 points or 0.31 percent to close at 17,808.66 and the S&P 500 improved 36.18 points or 0.64 percent to end at 5,675.12.

The strength on Wall Street came as traders continued to pick up stocks at reduced levels following recent weakness, which saw the S&P 500 plunge into correction territory last Thursday.

Positive sentiment was also generated in reaction to the Commerce Department's report on U.S. retail sales in the month of February, which wasn't as bad as feared.

However, traders seemed reluctant to make more significant moves ahead of the Federal Reserve's monetary policy announcement on Wednesday. While the Fed is almost universally expected to leave interest rates unchanged, traders will look to the accompanying statement and officials' latest projections for clues about the outlook for rates.

Oil futures rose on Monday on hopes of improved demand from China after plans to boost consumer spending, and on possible supply disruptions due to the tensions in the Middle East. West Texas Intermediate Crude oil futures for April closed higher by $0.40 or 0.6 percent at $67.58 a barrel.

Closer to home, Japan will see January results for its tertiary industry activity index later today; in December, the index was at 7.10.

read more
Sensex, Nifty Subdued On Trade Jitters

Sensex, Nifty Subdued On Trade Jitters

Indian shares were subdued on Thursday as U.S. President Donald Trump escalated his tariff campaign, sending letters targeting six additional countries—Algeria, Iraq, Libya, Brunei, Moldova, and the Philippines—with fresh import duties ranging from 20-30 percent.
RTTNews | 54 minutes ago
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian market is extending early 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 8,600 level, with gains across all sectors led by technology and mining stocks.
RTTNews | 1h 51min ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders are optimistic about an end to the tariff uncertainty after US President Donald Trump made it clear that he will not extend the August 1 deadline for trade deals, though he gets aggressive with tariff imposition.
RTTNews | 1h 56min ago
Sensex, Nifty Set For Muted Open

Sensex, Nifty Set For Muted Open

Indian shares look set to open on a flat note Thursday as investors watch the latest developments on the trade front, react to the latest FOMC meeting minutes and look for direction from Q1 business updates from prominent companies.
RTTNews | 2h 43min ago
Indonesia Stock Market May Extend Winning Streak

Indonesia Stock Market May Extend Winning Streak

The Indonesia stock market has moved higher in three straight sessions, gathering almost 80 points or 1.2 percent along the way. The Jakarta Composite Index now sits just above the 6,940-point plateau and it may add to its winnings again on Thursday.
RTTNews | 3h 43min ago
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, reversing some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling to near the 39,600 level, with weakness in exporter stocks and a mixed performance in most other sectors.
RTTNews | 3h 51min ago
Renewed Support Called For Hong Kong Shares

Renewed Support Called For Hong Kong Shares

The Hong Kong stock market headed south again on Wednesday, one day after ending the three-day losing streak in which it had dropped more than 330 points or 1.4 percent. The Hang Seng Index now sits just above the 23,890-point plateau although it figures to bounce higher again on Thursday.
RTTNews | 3h 58min ago
Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher 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 up to near the 8,600 level, with gains across all sectors led by technology and mining stocks.
RTTNews | 4h 12min ago