Asian Shares Decline On Fed Worries, US-China Trade Jitters

RTTNews | 1064 dni temu

(RTTNews) - Asian stocks fell on Monday as better-than-expected U.S. jobs data released on Friday cemented bets of more large Federal Reserve rate hikes.

Lingering worries surrounding the Russia-Ukraine war and the U.S.-China chip war also dented sentiment.

Japanese and South Korean markets were closed for holidays.

Chinese shares tumbled, dragged down by Chinese chipmakers after the Biden administration published a sweeping set of export controls targeting Chinese companies, threatening to worsen trade ties between the world's two largest economies.

Signs of fresh COVID outbreaks in the country and weak service sector data released over the weekend also weighed on markets.

China's Shanghai Composite index fell 1.66 percent to 2,974.15 ahead of a pivotal Communist Party congress while Hong Kong's Hang Seng index dropped 2.95 percent to close at 17,216.66.

Australian markets fell sharply, with financials and gold miners pacing the decliners. The benchmark S&P ASX 200 closed 1.40 percent lower at 6,667.80 while the broader All Ordinaries index slipped 1.49 percent to end at 6,872.

The big four banks fell between 1.4 percent and 1.7 percent while gold miner Northern Star Resources gave up 4.4 percent and Newcrest shed 4 percent.

Across the Tasman, New Zealand's benchmark S&P/NZX 50 index ended down 1.67 percent at 10,918.48.

Pushpay Holdings shares rallied 3.5 percent after the mobile donations firm confirmed it had received a revised, indicative, and non-binding buyout proposal.

U.S. stocks tumbled on Friday and yields climbed, as rising oil prices coupled with signs of a strong labor market showing a falling unemployment rate bolstered the case for further rate rises. Investors also weighed a profit warning from microchip maker AMD.

U.S. non-farm payroll employment jumped by 263,000 jobs in September while economists had expected an increase of 250,000 jobs.

The Dow lost 2.1 percent, the tech-heavy Nasdaq Composite shed 3.8 percent and the S&P 500 gave up 2.8 percent.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, adding to the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,800 level, with weakness in iron ore miners, financial and energy stocks partially offset by gains in gold miners.

RTTNews | 17 minut temu

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic about the outlook for interest rates following last week's weaker-than-expected US jobs data. They also remain cautious ahead of key U.S. inflation readings due later in the week that could influence the US Fed's rate trajectory.

RTTNews | 51 minut temu

Sensex, Nifty Seen Higher At Open

Indian shares look set to open higher on Tuesday, even as volatility cannot be ruled out amid talk of more sanctions against Russia and ahead of key U.S. inflation readings due this week that could influence the Federal Reserve's rate trajectory.

RTTNews | 1g 20 minut temu

Higher Open Called For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, adding almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,265-point plateau and it may extend its winning streak again on Tuesday. The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead. The SET finished slightly higher on Monday following gains from the food, consumer, finance, industrial, property and service sectors. For the day, the index was up 1.31 points or 0.10 percent to finish at 1,266.11 after trading between 1,264.79 and 1,276.15. Volume was 10.729 billion shares worth 54.546 billion baht. There were 278 gainers and 195 decliners, with 182 stocks finishing unchanged. Among the actives, Advanced Info skidded 1.02 percent, while Thailand Airport tumbled 1.95 percent, Banpu fell 0.40 percent, Bangkok Bank collected 0.66 percent, Bangkok Dusit Medical sank 0.95 percent, Bangkok Expressway soared 4.76 percent, B. Grimm retreated 1.54 percent, BTS Group rallied 4.24 percent, CP All Public jumped 1.58 percent, CP Axtra skyrocketed 14.14 percent, Charoen Pokphand Foods surged 4.44 percent, Energy Absolute stumbled 2.84 percent, Gulf plummeted 4.74 percent, Kasikornbank climbed 1.18 percent, Krung Thai Bank advanced 0.99 percent, Krung Thai Card dropped 0.85 percent, PTT Oil & Retail strengthened 1.39 percent, PTT improved 0.79 percent, PTT Global Chemical slumped 0.90 percent, SCG Packaging added 0.56 percent, Siam Commercial Bank shed 0.40 percent, Siam Concrete spiked 2.28 percent, TTB Bank skidded 1.05 percent and Asset World, True Corporation, PTT Exploration and Production and Thai Oil were unchanged.

RTTNews | 1g 50 minut temu

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the gains in the previous three sessions, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 44,100 level to record all-time highs, after Prime Minister Shigeru Ishiba announced his resignation, with gains across most sectors led by exporters and technology stocks.

RTTNews | 2g 20 minut temu

Indonesia Bourse Expected To Halt Its Slide On Tuesday

The Indonesia stock market has moved lower in two straight sessions, sinking almost 120 points or 1.8 percent in that span. The Jakarta Composite Index now rests just above the 7,765-point plateau although it may stop the bleeding on Tuesday. The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead. The JCI finished sharply lower on Monday following losses from the finance, food and telecom stocks, while the resource companies were mixed. For the day, the index tumbled 100.50 points or 1.28 percent to finish at 7,766.85 after trading between 7,766.85 and 7,934.99. Among the actives, Bank CIMB Niaga dipped 0.29 percent, while Bank Mandiri tanked 4.06 percent, Bank Danamon Indonesia skidded 1.18 percent, Bank Negara Indonesia stumbled 4.35 percent, Bank Central Asia surrendered 3.75 percent, Bank Rakyat Indonesia retreated 2.50 percent, Indosat Ooredoo Hutchison declined 2.04 percent, Indofood Sukses Makmur slumped 1.33 percent, United Tractors surged 4.34 percent, Astra International tumbled 1.36 percent, Energi Mega Persada dropped 2.50 percent, Astra Agro Lestari shed 0.68 percent, Aneka Tambang soared 6.49 percent, Vale Indonesia eased 0.26 percent, Timah rallied 5.83 percent, Bumi Resources sank 3.57 percent and Indocement and Semen Indonesia were unchanged.

RTTNews | 2g 20 minut temu

Hong Kong Shares Poised To Open To The Upside

The Hong Kong stock market has moved higher in consecutive trading days, climbing more than 675 points or 2.7 percent along the way. The Hang Seng Index now sits just above the 25,630-point plateau and it may see mild upside again on Tuesday. The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead. The Hang Seng finished modestly higher on Monday following gains from the property stocks, technology companies and financial shares. For the day, the index gained 215.93 points or 0.85 percent to finish at 25,633.91 after trading between 25,387.81 and 25,664.01. Among the actives, Alibaba Group spiked 4.17 percent, while ANTA Sports climbed 0.85 percent, China Life Insurance sank 0.35 percent, China Mengniu Dairy and Nongfu Spring both shed 0.20 percent, China Resources Land improved 0.45 percent, CITIC surged 6.81 percent, CNOOC added 0.40 percent, CSPC Pharmaceutical accelerated 2.59 percent, Galaxy Entertainment advanced 0.58 percent, Hang Lung Properties gained 0.12 percent, Henderson Land increased 0.23 percent, Hong Kong & China Gas jumped 1.74 percent, Industrial and Commercial Bank of China collected 0.35 percent, JD.com strengthened 1.06 percent, Lenovo plunged 3.00 percent, Li Auto stumbled 1.02 percent, Li Ning rose 0.11 percent, Meituan slumped 0.97 percent, New World Development skyrocketed 17.40 percent, Techtronic Industries dipped 0.10 percent, Xiaomi Corporation rallied 2.05 percent, WuXi Biologics soared 5.52 percent and Haier Smart Home and Alibaba Health Info were unchanged.

RTTNews | 2g 35 minut temu

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,850 level, with weakness in iron ore miners, financial and energy stocks partially offset by gains in gold miners.

RTTNews | 2g 46 minut temu

EURUSD	1.1765	GBPUSD	1.35589	AUDUSD	0.65979
USDJPY	147.382	USDCAD	1.3809	USDCHF	0.79296