Forex News

Renewed Support Anticipated For Indonesia Shares

The Indonesia stock market on Monday wrote a finish to the two-day winning streak in which it had picked up almost 150 points or 2.2 percent. The Jakarta Composite Index now sits just beneath the 6,710-point plateau although it's expected to bounce higher again on Tuesday. The global forecast for the Asian markets is positive on easing concerns over the health of the financial sector. The European markets were up and the U.S. bourses were mixed and the Asian markets figure to split the difference. The JCI finished modestly lower on Monday following losses from the cement companies, gains from the resource stocks and a mixed picture from the financial sector. For the day, the index dropped 53.32 points or 0.79 percent to finish at 6,708.93 after trading between 6,704.75 and 6,758.41. Among the actives, Bank Danamon Indonesia strengthened 1.41 percent, while Bank CIMB Niaga spiked 2.86 percent, Bank Negara Indonesia skidded 1.30 percent, Bank Central Asia stumbled 1.42 percent, Bank Mandiri declined 1.65 percent, Bank Rakyat Indonesia lost 0.63 percent, Indosat Ooredoo Hutchison sank 0.71 percent, Indocement slumped 1.24 percent, Semen Indonesia dropped 0.79 percent, Indofood Suskes gained 0.79 percent, United Tractors added 0.45 percent, Astra International retreated 1.26 percent, Energi Mega Persada surged 6.25 percent, Astra Agro Lestari jumped 1.57 percent, Aneka Tambang soared 3.43 percent, Timah rallied 2.01 percent, Bumi Resources skyrocketed 6.61 percent and Vale Indonesia was unchanged.

RTTNews | 834 days ago

Australian Market Significantly Higher

The Australian stock market significantly higher on Tuesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 7,000 mark, following the mixed cues from Wall Street overnight, boosted by gains in mining and energy stocks amid firmer commodity prices. Banking shares were also up amid easing worries about the global banking sector woes.

RTTNews | 834 days ago

Higher Open Anticipated For Hong Kong Stock Market

The Hong Kong stock market has tracked lower in back-to-back sessions, stumbling almost 500 points or 2.5 percent along the way. The Hang Seng Index now sits just above the 19,560-point plateau although it's expected to find support on Tuesday.

RTTNews | 834 days ago

China Stock Market May Halt Slide On Tuesday

The China stock market has moved lower in consecutive trading days, sinking more than 35 points or 1.1 percent along the way. The Shanghai Composite Index now sits just above the 3,250-point plateau although it figures to find traction on Tuesday. The global forecast for the Asian markets is positive on easing concerns over the health of the financial sector. The European markets were up and the U.S. bourses were mixed and the Asian markets figure to split the difference.

RTTNews | 834 days ago

Australia Retail Sales Add 0.2% In February

The total value of retail sales in Australia was up a seasonally adjusted 0.2 percent on month in February, the Australian Bureau of Statistics said on Tuesday - coming in at A$35.141 billion.

RTTNews | 834 days ago

Soft Start Anticipated For Taiwan Stock Market

The Taiwan stock market on Monday halted the four-day winning streak in which it had jumped more than 490 points or 3.1 percent. The Taiwan Stock Exchange now rests just above the 15,830-point plateau and it may take further damage on Tuesday. The global forecast for the Asian markets is positive on easing concerns over the health of the financial sector. The European markets were up and the U.S. bourses were mixed and the Asian markets figure to split the difference. The TSE finished modestly lower on Monday following losses from the cement and technology stocks, while the plastics offered support and the financials were mixed. For the day, the index shed 84.39 points or 0.53 percent to finish at 15,830.31 after trading between 15,821.63 and 15,902.06. Among the actives, Cathay Financial perked 0.12 percent, while Mega Financial was down 0.15 percent, CTBC Financial collected 0.23 percent, Taiwan Semiconductor Manufacturing Company retreated 1.48 percent, United Microelectronics Corporation dipped 0.19 percent, Hon Hai Precision tumbled 1.90 percent, Largan Precision surrendered 1.74 percent, Catcher Technology rose 0.26 percent, MediaTek declined 1.27 percent, Delta Electronics eased 0.17 percent, Novatek Microelectronics slumped 1.37 percent, Formosa Plastics added 0.44 percent, Nan Ya Plastics gained 0.65 percent, Asia Cement slid 0.23 percent, Taiwan Cement plunged 2.53 percent and Fubon Financial, First Financial and E Sun Financial were unchanged.

RTTNews | 834 days ago

Singapore Stock Market May Extend Monday's Gains

The Singapore stock market on Monday snapped the two-day slide in which it had slipped almost 10 points or 0.3 percent. The Straits Times Index now rests just beneath the 3,240-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is positive on easing concerns over the health of the financial sector. The European markets were up and the U.S. bourses were mixed and the Asian markets figure to split the difference.

RTTNews | 834 days ago

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Malaysia Bourse May Stop The Bleeding On Tuesday

The Malaysia stock market has moved lower in three straight sessions, slipping more than 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,400-point plateau although it's due for support on Tuesday. The global forecast for the Asian markets is positive on easing concerns over the health of the financial sector. The European markets were up and the U.S. bourses were mixed and the Asian markets figure to split the difference.

RTTNews | 834 days ago

Tech Shares May Weigh On South Korea Stock Market

The South Korea stock market has finished lower in back-to-back sessions, sinking more than 15 points or 0.6 percent along the way. The KOSPI now rests just beneath the 2,410-point plateau and it may remain stuck in neutral on Tuesday. The global forecast for the Asian markets is positive on easing concerns over the health of the financial sector. The European markets were up and the U.S. bourses were mixed and the Asian markets figure to split the difference. The KOSPI finished slightly lower on Monday following losses from the automobile producers, gains from the energy companies and mixed performances from the financials and technology shares. For the day, the index fell 5.74 points or 0.24 percent to finish at 2,409.22 after trading between 2,395.97 and 2,423.94. Volume was 465.77 million shares worth 8.4 trillion won. There were 555 decliners and 313 gainers. Among the actives, Shinhan Financial collected 0.87 percent, while KB Financial sank 0.74 percent, Hana Financial shed 0.62 percent, Samsung Electronics slumped 1.43 percent, Samsung SDI gained 0.56 percent, LG Electronics added 0.44 percent, SK Hynix and Kia Motors both tumbled 2.06 percent, Naver retreated 1.58 percent, LG Chem climbed 1.16 percent, Lotte Chemical dipped 0.17 percent, S-Oil rose 0.13 percent, SK Innovation surged 4.51 percent, POSCO soared 3.11 percent, SK Telecom perked 0.10 percent, KEPCO spiked 2.45 percent, Hyundai Mobis added 0.48 percent and Hyundai Motor dropped 0.90 percent.

RTTNews | 834 days ago