KOSPI May Give Up Support At 2,600 Points

RTTNews | 300 dni temu

(RTTNews) - The South Korea stock market has moved lower in two straight sessions, sinking almost 25 points or 0.9 percent along the way. The KOSPI now sits just above the 2,630-point plateau and it's expected to open in the red again on Wednesday.

The global forecast for the Asian markets is negative, with weakness expected from the technology and oil companies. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead.

The KOSPI finished modestly lower on Tuesday following losses from the financial shares, technology stocks, chemical companies and industrials.

For the day, the index lost 14.98 points or 0.57 percent to finish at 2,630.29 after trading between 2,617.12 and 2,641.49. Volume was 420.7 million shares worth 10.3 trillion won. There were 527 decliners and 358 gainers.

Among the actives, Shinhan Financial tumbled 1.80 percent, while KB Financial sank 0.73 percent, Hana Financial dropped 0.80 percent, Samsung Electronics dipped 0.17 percent, Samsung SDI plummeted 4.25 percent, LG Electronics declined 1.32 percent, SK Hynix stumbled 2.20 percent, Naver rose 0.22 percent, LG Chem cratered 5.10 percent, Lotte Chemical crashed 4.22 percent, SK Innovation plunged 3.81 percent, POSCO Holdings surrendered 2.31 percent, SK Telecom slumped 0.85 percent, KEPCO surged 4.08 percent, Hyundai Mobis fell 0.58 percent, Hyundai Motor tanked 2.17 percent and Kia Motors retreated 1.79 percent.

The lead from Wall Street is mostly soft as the major averages opened mixed on Tuesday and finished in similar fashion.

The Dow gained 159.95 points or 0.37 percent to finish at 43,621.16, while the NASDAQ plummeted 260.54 points or 1.35 percent to close at 19,026.39 and the S&P 500 sank 28.00 points or 0.47 percent to end at 5,955.25.

Significant weakness among technology stocks weighed on Wall Street, as reflected the notable slump by the tech-heavy NASDAQ.

Traders continued to express concerns about the sustainability of the artificial intelligence trade ahead of the release of AI darling Nvidia's (NVDA) fourth quarter results on Wednesday.

The selling pressure also spurred concerns about the outlook for the economy after a Conference Board report showing a significant deterioration by U.S. consumer confidence in February.

Oil futures settled sharply lower on Tuesday as concerns about demand and oversupply in the market weighed and pushed the commodity's prices to the lowest level in about 11 weeks. West Texas Intermediate Crude oil futures for April settled lower by $1.77 or at $68.93 a barrel.

Australian Market Sharply Extends Early Gains In Mid-market

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RTTNews | 1g 34 minut temu

Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.

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Asian Markets Trade Mostly Higher

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Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

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Hong Kong Stock Market Tipped To Open In The Green

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Japanese Market Slightly Higher

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Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 3g 58 minut temu

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

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EURUSD	1.17767	GBPUSD	1.34891	AUDUSD	0.66691
USDJPY	156.189	USDCAD	1.37342	USDCHF	0.78948