Win Streak May Continue For South Korea Shares

RTTNews | 818 dni temu

(RTTNews) - Ahead of Tuesday's Memorial Day holiday, the South Korea stock market had moved higher in back-to-back sessions, advancing more than 45 points or 1.8 percent along the way. The KOSPI now sits just above the 2,615-point plateau and it may tick higher again on Wednesday.

The global forecast for the Asian markets is flat to slightly higher, with apprehension reigning over the outlook for interest rates. The European and U.S. markets saw mild upside and the Asian markets figure to follow that lead.

The KOPI finished modestly higher on Monday following gains from the financial shares and industrials, while the technology companies were mixed.

For the day, the index added 14.05 points or 0.54 percent to finish at 2,615.41 after trading between 2,608.01 and 2,618.62. Volume was 537.16 million shares worth 8.43 trillion won. There were 655 gainers and 209 decliners.

Among the actives, Shinhan Financial and SK Innovation both advanced 0.86 percent, while KB Financial rallied 2.32 percent, Hana Financial collected 0.72 percent, Samsung Electronics sank 0.69 percent, Samsung SDI and LG Chem both rose 0.28 percent, LG Electronics soared 3.33 percent, SK Hynix retreated 1.45 percent, Lotte Chemical surged 3.21 percent, S-Oil gained 1.78 percent, POSCO spiked 2.92 percent, SK Telecom improved 0.82 percent, KEPCO climbed 1.19 percent, Hyundai Mobis jumped 2.02 percent, Hyundai Motor increased 0.75 percent, Kia Motors strengthened 1.17 percent and Naver was unchanged.

The lead from Wall Street is cautiously optimistic as the major averages spent much of Tuesday bouncing back and forth across the unchanged line, finally finishing with slight gains.

The Dow rose 10.42 points or 0.03 percent to finish at 33,573.28, while the NASDAQ added 46.99 points or 0.36 percent to close at 13,276.42 and the S&P 500 picked up 10.06 points or 0.24 percent to end at 4,283.85.

Traders remained reluctant to make significant moves as they continue to look ahead to next week's Federal Reserve meeting.

The Fed is due to announce its latest monetary policy decision next Wednesday, with the central bank widely expected to pause its recent series of interest rate hikes.

Crude oil prices slumped Tuesday on concerns about the outlook for energy demand due to economic slowdown and interest rate hikes. West Texas Intermediate Crude oil futures for July fell $0.41 or 0.6 percent at $71.74 a barrel.

Swiss Shares Extend Losing Streak

The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.

RTTNews | 26 minut temu

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.

RTTNews | 31 minut temu

European Markets Finish In The Red On Tuesday

The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.

RTTNews | 38 minut temu

U.S. Construction Spending Unexpectedly Edges Lower In July

A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.

RTTNews | 2g 39 minut temu