Asian Shares Mostly Higher Despite Rate Hike Worries

RTTNews | 580 dias atrás
Asian Shares Mostly Higher Despite Rate Hike Worries

(RTTNews) - Asian stocks ended Thursday's session mostly higher despite uncertainty surrounding the Federal Reserve's rate hike path and signs of intensifying downward pressures on prices in China.

The dollar index held steady in Asian trade after three sessions of gains. Bond yields inched lower despite Fed officials sounding hawkish tones.

Gold was little changed while oil ticked up after dropping to three-month lows on Wednesday on concerns over waning demand in the U.S. and China.

China's Shanghai Composite index fluctuated before finishing marginally higher at 3,053.28. Hong Kong's Hang Seng index slipped 0.33 percent to 17,511.29.

Official data showed earlier in the day that China's consumer price inflation fell 0.2 percent year-on-year in October while factory-gate prices declined 2.6 percent, falling for a 13th month in a row and raising concerns over domestic demand.

Japanese shares rallied after reports that Prime Minister Fumio Kishida had decided against calling an election before the end of the year.

The Nikkei average jumped 1.49 percent to 32,646.46, snapping a two-day losing streak. The broader Topix index settled 1.26 percent higher at 2,335.12.

Energy stocks outperformed, with Cosmo Energy Holdings climbing almost 9 percent after raising its profit forecast.

Watch and calculator maker Casio soared 7 percent after announcing better-than-expected financial results. Nintendo added 5.6 percent after confirming it's making a live-action Legend of Zelda movie.

Seoul stocks eked out modest gains, with the Kospi average closing up 0.23 percent at 2,427.08. Battery makers suffered losses, with Samsung SDI losing 2.3 percent and LG Energy Solution falling 1.9 percent.

Australian markets finished at a three-week high, led by banks and miners. The benchmark S&P ASX 200 rose 0.28 percent to 7,014.90 while the broader All Ordinaries index ended 0.23 percent higher at 7,215.10. Lender NAB fell 0.8 percent, reversing early gains after annual cash profit came in below expectations.

Across the Tasman, New Zealand's benchmark S&P/NZX 50 index rose 0.42 percent to 11,197.66.

Fonterra Co-Operative Group shares advanced 1.9 percent after the dairy exporter said that medium-term outlook for its New Zealand dairy market remained positive.

U.S. stocks fluctuated before ending mixed overnight and Treasury yields pulled back as the Treasury Department's auction of $40 billion worth of ten-year notes attracted average demand.

The Dow eased 0.1 percent while the S&P 500 and the tech-heavy Nasdaq Composite finished marginally higher to extend their winning streak to eight and nine sessions, respectively.

read more
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were marginally higher on Wednesday after top U.S. and Chinese officials agreed on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 3 h 21 min atrás
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level to fresh all-time highs, following the positive cues from Wall Street overnight, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
RTTNews | 4 h 22 min atrás
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid easing trade war tensions after top U.S. and Chinese officials agreed upon a "framework" to move forward on trade, following two days of high-level talks in London. The framework will first need to be approved by leaders in Washington and Beijing.
RTTNews | 4 h 47 min atrás
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Wednesday despite top U.S. and Chinese officials agreeing on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 5 h 16 min atrás
Thai Bourse May Extend Tuesday's Gains

Thai Bourse May Extend Tuesday's Gains

The Thai stock market on Tuesday ended the two-day slide in which it had slipped more than 5 points or 0.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,140-point plateau and it may tick higher again on Wednesday.
RTTNews | 5 h 47 min atrás
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Wednesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks are a weak spot.
RTTNews | 6 h 13 min atrás
Indonesia Shares May Open To The Upside

Indonesia Shares May Open To The Upside

The Indonesia stock market has moved higher in three straight sessions, gathering almost 190 points or 2.7 percent along the way. The Jakarta Composite Index now rests just above the 7,230-point plateau and it's looking at a firm lead again for Wednesday's trade.
RTTNews | 6 h 17 min atrás