China Stock Market Tipped To Open In The Green

RTTNews | 583 dni temu
China Stock Market Tipped To Open In The Green

(RTTNews) - The China stock market on Tuesday ended the five-day winning streak in which it had jumped more than 80 points or 2.8 percent. The Shanghai Composite Index now rests just beneath the 3,020-point plateau although it's expected to rebound again on Wednesday.

The global forecast for the Asian markets is cautiously optimistic ahead of the Federal Reserve's monetary policy announcement later today. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

The SCI finished slightly lower on Tuesday following mixed performances from the financial shares, property stocks and resource companies.

For the day, the index dipped 2.78 points or 0.09 percent to finish at 3,018.77 after trading between 3,006.61 and 3,023.00. The Shenzhen Composite Index fell 10.03 points or 0.53 percent to end at 1,874.51.

Among the actives, Industrial and Commercial Bank of China advanced 0.85 percent, while Bank of China rallied 1.56 percent, China Construction Bank collected 0.64 percent, China Merchants Bank shed 0.45 percent, Bank of Communications improved 0.72 percent, China Life Insurance climbed 1.14 percent, Jiangxi Copper eased 0.11 percent, Aluminum Corp of China (Chalco) increased 0.98 percent, Yankuang Energy jumped 1.56 percent, PetroChina dipped 0.14 percent, China Petroleum and Chemical (Sinopec) strengthened 1.30 percent, Huaneng Power fell 0.39 percent, China Shenhua Energy spiked 2.05 percent, Gemdale plummeted 5.31 percent, Poly Developments gathered 1.10 percent and China Vanke plunged 2.33 percent.

The lead from Wall Street is positive as the major averages shook off early weakness on Tuesday, moving into positive territory by midday and ending firmly in the green.

The Dow advanced 123.91 points or 0.38 percent to finish at 33,052.87, while the NASDAQ added 61.76 points or 0.48 percent to close at 12,851.24 and the S&P 500 gained 26.98 points or 0.65 percent to end at 4,193.80.

The early weakness on Wall Street reflected a negative reaction to a Labor Department report showing that employment costs jumped slightly more than expected in the third quarter.

Selling pressure waned shortly after the start of trading, however, as traders seemed reluctant to make significant moves ahead of the Federal Reserve's monetary policy announcement later today.

The subsequent rebound by stocks came as traders resumed Monday's bargain hunting, as stocks remain at relatively reduced levels despite the rally seen in the previous session.

Oil prices dropped on Tuesday, and posted a monthly loss as well, as concerns about the outlook for energy demand and a stronger dollar weighed on the commodity. West Texas Intermediate crude oil futures for December fell $1.29 or 1.6 percent at 81.02 a barrel, the lowest settlement in two months. WTI crude futures shed nearly 11 percent in October.

read more
Sensex, Nifty Seen Little Changed Before RBI's Rate Decision

Sensex, Nifty Seen Little Changed Before RBI's Rate Decision

Indian shares look set to open on a flat note Friday as investors await the Reserve Bank of India's (RBI) monetary policy decision later in the day, with the central bank widely expected to cut interest rates by 25 basis points for the third consecutive time.
RTTNews | 20 minut temu
Asian Shares Muted In Lackluster Trade

Asian Shares Muted In Lackluster Trade

Asian stocks were mixed in lackluster trade on Friday despite U.S. President Donald Trump describing a phone call with his Chinese counterpart as "very good" and saying it "resulted in a very positive conclusion for both countries."
RTTNews | 27 minut temu
Thai Stock Market May Head South Again On Friday

Thai Stock Market May Head South Again On Friday

The Thai stock market on Thursday ended the two-day slide in which it had slumped more than 30 points or 2.4 percent. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may tick lower again on Friday.
RTTNews | 1g 25 minut temu
China Shares Due For Consolidation On Friday

China Shares Due For Consolidation On Friday

The China stock market has finished higher in three straight sessions, advancing more than 35 points or 1.1 percent along the way. The Shanghai Composite Index now sits just above the 3,375-point plateau although it's looking at a soft start on Friday.
RTTNews | 2g 25 minut temu
Hong Kong Bourse May Spin Its Wheels On Friday

Hong Kong Bourse May Spin Its Wheels On Friday

The Hong Kong stock market has moved higher in three consecutive sessions, accelerating almost 750 points or 3.5 percent along the way. The Hang Seng Index now sits just above the 23,900-point plateau although it's likely to be stuck in neutral on Friday.
RTTNews | 2g 55 minut temu
Profit Taking Expected For Taiwan Stock Market

Profit Taking Expected For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating almost 680 points or 3.2 percent along the way. The Taiwan Stock Exchange now sits just beneath the 21,675-point plateau although investors may cash in on Friday.
RTTNews | 2g 55 minut temu
Japan Household Spending Sinks 1.8% In April

Japan Household Spending Sinks 1.8% In April

The average of household spending in Japan was down a seasonally adjusted 1.8 percent on month in April, the Ministry of Internal Affairs and Communications said on Friday - coming in at 325,717 yen.
RTTNews | 3g 10 minut temu
Rally May Stall For Malaysia Stock Market

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in two straight sessions, collecting almost 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,520-point plateau although it may run out steam on Friday.
RTTNews | 3g 25 minut temu