Australian Market Notably Lower

RTTNews | 256 dni temu

(RTTNews) - The Australian stock market is notably lower on Friday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,300 level, with weakness across most sectors led by mining and technology stocks.

The stronger-than-expected Australian jobs data also led traders to scale back expectations for an interest rate cut in February.

The benchmark S&P/ASX 200 Index is losing 50.70 points or 0.61 percent to 8,279.60, after hitting a low of 8,263.50 earlier. The broader All Ordinaries Index is down 51.20 points or 0.60 percent to 8,535.70. Australian markets ended modestly lower on Thursday.

Among major miners, BHP Group is losing more than 1 percent and Mineral Resources is edging down 0.2 percent, while Rio Tinto and Fortescue Metals are declining more than 2 percent each.

Oil stocks are mostly higher. Woodside Energy is edging up 0.5 percent and Beach energy gaining 1.5 percent, while Origin Energy is losing almost 1 percent. Santos is flat.

Among tech stocks, Zip and WiseTech Global are slipping almost 1 percent each, while Afterpay-owner Block is losing more than 4 percent and Xero is down more than 1 percent. Appen is gaining almost 2 percent.

Among the big four banks, Commonwealth Bank, ANZ Banking, Westpac and National Australia Bank are edging down 0.1 to 0.4 percent each. Gold miners are mostly lower. Evolution Mining is losing almost 4 percent, Northern Star Resources is declining more than 2 percent, Gold Road Resources is sliding almost 3 percent, Newmont is down more than 1 percent and Resolute Mining is slipping more than 4 percent after announcing a final settlement payment to the government of Mali.

In other news, shares in Insignia Financial are surging more than 6 percent after the wealth manager confirmed the receipt of a $2.68 billion non-binding takeover offer from private equity firm Bain Capital.

Shares in Iress are climbing almost 6 percent after the software company reaffirmed its earnings guidance for fiscal year 2024.

In the currency market, the Aussie dollar is trading at $0.637 on Friday.

On Wall Street, stocks recovered from an early pullback during trading on Thursday but moved back to the downside over the course of the session. With the downward move, the Dow closed lower for the sixth consecutive session.

The major averages fell to new lows for the session going into the close of trading. The Dow slid 234.44 points or 0.5 percent to 43,914.12, the Nasdaq declined 132.05 points or 0.7 percent to 19,902.84 and the S&P 500 fell 32.94 points or 0.5 percent to 6,051.25.

Meanwhile, the major European markets ended the day little changed after the European Central Bank cut interest rates by a quarter point. While the French CAC 40 Index closed just below the unchanged line, the U.K.'s FTSE 100 Index and the German DAX Index both crept up by 0.1 percent.

Crude oil prices closed lower Thursday after three days of gains after the International Energy Agency's forecast that the oil market will see excess supply next year. West Texas Intermediate Crude oil futures for January fell $0.27 or 0.4 percent at $70.02 a barrel.

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 22 minut temu

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 49 minut temu

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 52 minut temu

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1g 7 minut temu

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 1g 9 minut temu

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 1g 22 minut temu

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 1g 52 minut temu

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2g 21 minut temu

EURUSD	1.16433	GBPUSD	1.34745	AUDUSD	0.64813
USDJPY	147.423	USDCAD	1.38504	USDCHF	0.80424