Continued Consolidation Called For KOSPI

RTTNews | 649 дней спустя
Continued Consolidation Called For KOSPI

(RTTNews) - The South Korea stock market has finished lower in five straight sessions, slumping almost 110 points or 4.2 percent along the way. The KOSPI now sits just above the 2,560-point plateau and it's looking at another soft start again on Wednesday.

The global forecast for the Asian markets is negative amid concerns about the outlook for interest rates. The European markets were down and the U.S. bourses were mixed and the Asian markets are expected to split the difference.

The KOSPI finished slightly lower again on Tuesday as losses from the industrials and energy stocks were offset by gains from the financials and a mixed picture from the technology companies.

For the day, the index slipped 6.58 points or 0.26 percent to finish at 2,561.24 after trading between 2,556.00 and 2,599.37. Volume was 782.4 million shares worth 8.76 trillion won. There were 573 gainers and 288 decliners.

Among the actives, Shinhan Financial collected 0.81 percent, while KB Financial added 0.38 percent, Hana Financial advanced 0.97 percent, Samsung Electronics tumbled 2.35 percent, Samsung SDI and Hyundai Mobis both dropped 0.92 percent, LG Electronics slumped 1.11 percent, SK Hynix climbed 1.03 percent, Naver rallied 1.32 percent, LG Chem declined 1.57 percent, Lotte Chemical gained 0.36 percent, S-Oil fell 0.30 percent, SK Innovation slid 0.30 percent, POSCO retreated 1.92 percent, SK Telecom improved 0.72 percent, KEPCO surged 3.18 percent, Hyundai Motor eased 0.05 percent and Kia Motors rose 0.22 percent.

The lead from Wall Street is soft as the major averages opened lower on Tuesday and largely stayed under water, although the NASDAQ managed to break barely into the green.

The Dow shed 157.85 points or 0.42 percent to finish at 37,525.16, while the NASDAQ rose 13.94 points or 0.09 percent to close at 14,857.71 and the S&P 500 slipped 7.04 points or 0.15 percent to end at 4,756.50.

The early weakness on Wall Street came as some traders looked to cash in on Monday's strong gains amid lingering uncertainty about the outlook for interest rates.

While the Federal Reserve is widely expected to leave interest rates unchanged later this month, traders have recently become increasingly skeptical about whether the central bank will cut rates in March.

In economic news, the Commerce Department released a report showing the U.S. trade deficit unexpectedly shrank in November.

Oil prices climbed higher on Tuesday as rising geopolitical risks raised concerns about possible supply and trade disruptions. West Texas Intermediate Crude oil futures for February settled higher by $1.47 at $72.24 a barrel.

read more
AWS Recovering After Major Outage Hits Companies, Services Worldwide

AWS Recovering After Major Outage Hits Companies, Services Worldwide

Amazon Web Services, following a major outage in its cloud computing service across the world, especiallly the United States, started recovering early Monday. AWS, tech major Amazon's cloud hosting provider, had went offline due to a problem with one of its core database products, affecting millions as it hit the websites and apps of major companies and critical services...
RTTNews | 1ч 34мин назад
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Higher U.S. and Canadian futures and rising metal prices point to a positive start on Bay Street Monday morning. The focus will also be on Canadian economic and earnings data.
RTTNews | 2ч 40мин назад
European Stocks Broadly Higher; Defense Stocks Move Up

European Stocks Broadly Higher; Defense Stocks Move Up

European stocks are broadly higher on Monday, led by gains in the defense sector, amid geopolitical tensions. Easing concerns about the health of the US banking sector, and expectations of improved trade relations between China and the U.S. contribute to the positive mood in the markets.
RTTNews | 2ч 57мин назад
FTSE 100 Modestly Higher; Defence Stocks Shine

FTSE 100 Modestly Higher; Defence Stocks Shine

The UK stock market is modestly higher on Monday, supported by gains in shares of defence and financial companies. In addition to tracking the developments on the geopolitical and trade front, investors are also reacting to some corporate news.
RTTNews | 3ч 44мин назад
Sensex, Nifty Close Higher For 4th Straight Session

Sensex, Nifty Close Higher For 4th Straight Session

Indian shares closed higher for a fourth straight session on Monday, as encouraging results from Reliance Industries and several banks helped lift sentiment. Easing concerns about U.S.-China trade tensions contributed as well to the positive show by the market.
RTTNews | 4ч 0мин назад
Asian Markets Close Higher

Asian Markets Close Higher

Asian markets finished trading on a strongly positive note on Monday, tracking the Wall Street rally on Friday linked to easing trade tensions between the U.S. and China.
RTTNews | 4ч 32мин назад
CAC 40 Turns Weak After Positive Start; BNP Paribas Plunges 10%

CAC 40 Turns Weak After Positive Start; BNP Paribas Plunges 10%

French stocks are turning in a mixed performance on Monday with investors tracking corporate news, and digesting S&P Global Ratings' downgrade of France amid fiscal risk and uncertainty surrounding government's finances.
RTTNews | 4ч 56мин назад
DAX Rises More Than 1% On Easing US Bank Concerns, U.S.-China Relations

DAX Rises More Than 1% On Easing US Bank Concerns, U.S.-China Relations

German stocks are gaining some notable ground in positive territory on Monday, recovering well from previous session's sharp decline. Easing concerns about the health of the US banking sector, and expectations of improved trade relations between China and the U.S. contribute to the positive mood in the market.
RTTNews | 5ч 24мин назад