Hong Kong Stock Market Expected To Open In The Green

RTTNews | 781 dias atrás

(RTTNews) - The Hong Kong stock market on Thursday ended the two-day slide in which it had slumped more than 300 points or 1.8 percent. The Hang Seng Index now rests just above the 17,230-point plateau and the market may accelerate higher on Friday.

The global forecast for the Asian markets is upbeat on rising optimism about the outlook for interest rates. The European and U.S. markets were sharply higher and the Asian bourses are tipped to open in similar fashion.

The Hang Seng finished modestly higher on Thursday following gains from the technology stocks and mixed performances from the financial shares and properties.

For the day, the index advanced 128.81 points or 0.75 percent to finish at 17,230.59 after trading between 17,176.01 and 17,459.43.

Among the actives, Alibaba Group improved 1.13 percent, while Alibaba Health Info rallied 1.74 percent, ANTA Sports gained 0.45 percent, China Life Insurance collected 0.19 percent, China Mengniu Dairy shed 0.58 percent, China Resources Land dipped 0.17 percent, CITIC jumped 1.66 percent, CNOOC added 0.47 percent, Country Garden fell 0.29 percent, CSPC Pharmaceutical rose 0.44 percent, Galaxy Entertainment sank 0.91 percent, Hang Lung Properties climbed 1.14 percent, Henderson Land soared 4.62 percent, Hong Kong & China Gas and CK Infrastructure both strengthened 1.65 percent, Industrial and Commercial Bank of China lost 0.53 percent, JD.com increased 0.66 percent, Lenovo spiked 3.91 percent, Li Ning accelerated 3.19 percent, Meituan dropped 0.92 percent, New World Development advanced 0.95 percent, Techtronic Industries gathered 0.35 percent, Xiaomi Corporation skyrocketed 6.05 percent, WuXi Biologics tumbled 1.88 percent and Hengan International and Nongfu Spring were unchanged.

The lead from Wall Street is broadly positive as the major averages opened higher on Thursday and accelerated as the day progressed, ending near session highs.

The Dow surged 564.50 points or 1.70 percent to finish at 33,839.08, while the NASDAQ jumped 232.72 points or 1.78 percent to end at 13,294.19 and the S&P 500 rallied 79.92 points of 1.89 percent to close at 4,317.78.

The rally on Wall Street came on optimism about the outlook for interest rates following the Federal Reserve's monetary policy announcement on Wednesday. The Fed left rates unchanged for the third time in the past four meetings, suggesting the central bank is done raising interest rates.

Treasury yields moved notably lower Wednesday and showed another significant move to the downside today, adding to the buying interest.

Traders will look now to the Labor Department's closely watched employment report for the month of October, due out later today.

Crude oil futures climbed higher Thursday as the dollar weakened on bets the Federal Reserve is done with its rate hiking cycle. West Texas Intermediate Crude oil futures for December rallied $2.02 or 2.5 percent at $82.46 a barrel.

Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday. 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 | 1 h 3 min atrás

Japan Stock Market May Add To Its Winnings On Tuesday

The Japanese stock market has finished higher in two consecutive trading days, soaring more than 1,400 points or 2.7 percent along the way. The Nikkei 225 now sits just above the 50,400-point plateau and it may extend its gains on Tuesday. 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. The Nikkei finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers. For the day, the index jumped 895.18 points or 1.81 percent to finish at 50,402.39 after trading between 49,982.20 and 50,590.88. Among the actives, Nissan Motor improved 0.75 percent, while Mazda Motor accelerated 4.34 percent, Toyota Motor advanced 0.91 percent, Honda Motor strengthened 1.61 percent, Softbank Group soared 4.09 percent, Mitsubishi UFJ Financial jumped 1.86 percent, Mizuho Financial vaulted 1.40 percent, Mitsubishi Electric rallied 1.74 percent, Panasonic Holdings spiked 3.47 percent and Hitachi expanded 1.89 percent.

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Additional Support Called For South Korea Shares

The South Korea stock market has moved higher in two straight sessions, advancing more than 110 points or 2.7 percent along the way. The KOSPI now sits just above the 4,100-point plateau and it may add to its winnings on Tuesday. 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 | 1 h 33 min atrás