KOSPI May Extend Tuesday's Losses

RTTNews | 742 dias atrás
KOSPI May Extend Tuesday's Losses

(RTTNews) - The South Korea stock market headed south again on Tuesday, one day after halting the four-day losing streak in which it had slumped almost 35 points or 1.4 percent. The KOSPI now rests just above the 2535-point plateau and it's expected to open under pressure again on Wednesday.

The global forecast for the Asian markets is mixed to lower ahead of key U.S. inflation data later today. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to split the difference.

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

For the day, the index sank 20.30 points or 0.79 percent to finish at 2,536.58. Volume was 354.5 million shares worth 8.78 trillion won. There were 639 decliners and 230 gainers.

Among the actives, Shinhan Financial retreated 1.23 percent, while KB Financial sank 0.72 percent, Hana Financial was down 0.12 percent, Samsung Electronics shed 0.42 percent, Samsung SDI tanked 2.62 percent, LG Electronics dipped 0.20 percent, SK Hynix improved 0.69 percent, Naver surged 3.78 percent, LG Chem fell 0.36 percent, Lotte Chemical eased 0.14 percent, S-Oil skidded 1.14 percent, SK Innovation lost 0.54 percent, POSCO plunged 4.21 percent, SK Telecom rose 0.31 percent, KEPCO tumbled 1.86 percent, Hyundai Mobis gained 0.65 percent, Hyundai Motor added 0.38 percent and Kia Motors perked 0.13 percent.

The lead from Wall Street is soft as the major averages opened lower on Tuesday, rallied midday and then finished under water.

The Dow dipped 17.73 points or 0.05 percent to finish at 34,645.99, while the NASDAQ tumbled 144.28 points or 1.04 percent to close at 13,773.61 and the S&P 500 sank 25.56 points or 0.57 percent to end at 4,461.90.

The lower close on Wall Street came as traders look ahead to the release of the Labor Department's highly anticipated report on consumer price inflation later today.

The inflation data could have a significant impact on the outlook for interest rates ahead of the Federal Reserve's monetary policy meeting next week; CME Group's FedWatch Tool is currently indicating a 93.0 percent chance the Fed will leave interest rates unchanged.

A steep drop by shares of Oracle (ORCL) weighed on the tech-heavy NASDAQ, with the software giant plunging by 13.5 percent after the company reported weaker than expected fiscal first quarter revenues and provided disappointing revenue guidance for the current quarter.

Oil prices moved sharply higher on Tuesday to a 10-month closing high after the monthly report from (OPEC) showed the oil market may be a lot tighter than initially thought. West Texas Intermediate Crude oil futures for October ended higher by $1.55 or 1.8 percent at $88.84 a barrel.

read more
European Shares Set To Follow Wall Street Lower

European Shares Set To Follow Wall Street Lower

European stocks may drift lower at open on Wednesday after U.S. stock markets retreated from record highs overnight on apprehensions about the outlook for interest-rate cuts.
RTTNews | 1 h 54 min atrás
Japan Private Sector Growth Weakest In 4 Months

Japan Private Sector Growth Weakest In 4 Months

Japan's private sector grew at the slowest pace in four months in September as the strong rise in services activity was partially offset by a steeper fall in manufacturing production, flash survey data published by S&P Global showed on Wednesday. The flash composite output index fell to 51.1 in September from a six-month high of 52.0 in August.
RTTNews | 2 h 24 min atrás
Sensex, Nifty Extend Losses For Fourth Day

Sensex, Nifty Extend Losses For Fourth Day

Indian shares opened on a sluggish note on Wednesday after U.S. President Donald Trump accused India and China of being the primary funders of Russia's war in Ukraine through their continued purchase of Russian oil.
RTTNews | 2 h 40 min atrás
Australian Market Doubles Early Losses In Mid-market

Australian Market Doubles Early Losses In Mid-market

The Australian stock market is doubling its early losses in mid-market moves on Wednesday, snapping a three-session winning streak, with the benchmark S&P/ASX 200 falling below the 8,800 level, following the broadly negative cues from Wall Street overnight, with weakness in gold miners, financial and technology stocks partially offset by gains in iron ore miners and energy stocks.
RTTNews | 4 h 8 min atrás
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are mostly lower on Wednesday, following the negative cues from Wall Street overnight, amid rising ambiguity over the outlook for interest rates after US Fed Chair Jerome Powell gave little indication about the future path of interest rates. Renewed trade tensions with the United States and the escalating tensions in Europe and the Middle East are weighing on market sentiment.
RTTNews | 4 h 26 min atrás
Losing Streak May Continue For Thai Stock Market

Losing Streak May Continue For Thai Stock Market

The Thai stock market has moved lower in five straight sessions, shedding more than 35 points or 2.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,270-point plateau and it may take further damage again on Wednesday.
RTTNews | 5 h 33 min atrás
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is modestly lower in post-holiday trading on Wednesday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 45,450 level, with a lack of direction leading to a mixed performance across most sectors.
RTTNews | 5 h 58 min atrás