Soft Start Anticipated For Hong Kong Stock Market

RTTNews | 985 дней спустя

(RTTNews) - The Hong Kong stock market on Wednesday wrote an emphatic finish to the six-day losing streak in which it had plummeted almost 1,100 points or 5.5 percent. The Hang Seng Index now sits just beneath the 20,620-point plateau although it may head south again on Thursday.

The global forecast for the Asian markets is mixed to lower on concerns about growth and the outlook for interest rates. The European and U.S. markets were mixed to lower and the Asian bourses figure to follow suit.

The Hang Seng finished sharply higher on Wednesday with gains across the board, particularly among the technology and property stocks.

For the day, the index skyrocketed 833.77 points or 4.21 percent to finish at 20,619.71 after trading between 19,849.97 and 20,674.07.

Among the actives, Alibaba Group surged 6.24 percent, while Alibaba Health Info skyrocketed 8.04 percent, ANTA Sports soared 6.09 percent, China Life Insurance spiked 6.02 percent, China Mengniu Dairy rallied 5.22 percent, China Resources Land added 2.59 percent, CITIC and Hang Lung Properties both improved 2.77 percent, CNOOC gained 2.18 percent, Country Garden skyrocketed 8.94 percent, CSPC Pharmaceutical increased 1.78 percent, Galaxy Entertainment jumped 3.16 percent, Henderson Land strengthened 3.09 percent, Hong Kong & China Gas rose 0.41 percent, Industrial and Commercial Bank of China and Haier Smart Home both collected 3.06 percent, JD.com rallied 5.53 percent, Lenovo strengthened 3.98 percent, Li Ning surged 6.74 percent, Meituan jumped 4.92 percent, New World Development climbed 3.28 percent, Techtronic Industries advanced 2.82 percent, Xiaomi Corporation spiked 6.24 percent and WuXi Biologics soared 6.58 percent.

The lead from Wall Street is mostly negative as the major averages opened lower on Wednesday in a volatile session, finally ending mixed.

The Dow rose 5.14 points or 0.02 percent to finish at 32,661.84, while the NASDAQ lost 76.06 points or 0.66 percent to close at 11,379.48 and the S&P 500 sank 18.76 points or 0.47 percent to end at 3,951.39.

The choppy trading on Wall Street followed the release of a report from the Institute for Supply Management on U.S. manufacturing activity in February. While the index improved to 47.7 from 47.4 in January, it remained in contraction.

The report also showed the prices index jumped to 51.3 in February from 44.5 in January, indicating a spike in raw materials prices after four months of decline - which added to recent concerns about inflation and the outlook for interest rates.

Treasury yields jumped following the release of the report, with the 10-year yield reaching its highest levels in over three months.

Crude oil futures settled at near two-week high on Wednesday, boosted by upbeat China factory data that raised the outlook for energy demand. West Texas Intermediate Crude oil futures for April climbed $0.64 or 0.8 percent at $77.69 a barrel.

Closer to home, Hong Kong will provide January data for retail sales later today; in December, sales were up 1.1 percent on year.

Renewed Support Anticipated For Singapore Stock Market

The Singapore stock market on Monday snapped the two-day winning streak in which it had climbed more than 75 points or 1.7 percent. The Straits Times Index now sits just beneath the 4,490-point plateau although it's expected to bounce higher again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The STI finished slightly lower following mixed performances from the financial shares, property stocks and industrial issues. For the day, the index slipped 4.11 points or 0.09 percent to finish at 4,488.13 after trading between 4,457.14 and 4,490.55. Among the actives, CapitaLand Ascendas REIT slipped 0.35 percent, while CapitaLand Integrated Commercial Trust added 0.43 percent, DBS Group stumbled 1.29 percent, DFI Retail Group and Yangzijiang Shipbuilding both gained 0.30 percent, Genting Singapore surged 3.36 percent, Hongkong Land shed 0.50 percent, Keppel DC REIT fell 0.42 percent, Keppel Ltd lost 0.49 percent, Mapletree Industrial Trust spiked 0.99 percent, Oversea-Chinese Banking Corporation soared 2.31 percent, SATS rallied 0.86 percent, Seatrium Limited jumped 0.93 percent, SembCorp Industries rose 0.16 percent, Singapore Technologies Engineering plunged 1.33 percent, SingTel slumped 0.65 percent, United Overseas Bank skidded 0.53 percent, Wilmar International advanced 0.61 percent, Yangzijiang Financial plummeted 51.42 percent and CapitaLand Investment, City Developments, Comfort DelGro, Thai Beverage, Mapletree Pan Asia Commercial Trust, Mapletree Logistics Trust, UOL Group and Frasers Centrepoint Trust were unchanged.

RTTNews | 1ч 22мин назад

Win Streak May Continue For Malaysia Stock Market

The Malaysia stock market has moved higher in back-to-back sessions, collecting almost 10 points or 0.7 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,630-point plateau and it's expected to see additional support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The KLCI finished modestly higher on Monday following gains from the financial shares and telecoms and mixed performances from the plantations and industrials. For the day, the index added 8.25 points or 0.51 percent to finish at 1,627.38 after trading between 1,620.49 and 1,633.52. Among the actives, 99 Speed Mart Retail and CIMB Group both gained 0.66 percent, while AMMB Holdings increased 0.70 percent, Axiata surged 3.85 percent, Celcomdigi shed 0.27 percent, Gamuda advanced 0.79 percent, IHH Healthcare slumped 0.72 percent, IOI Corporation lost 0.25 percent, Kuala Lumpur Kepong perked 0.19 percent, Maxis soared 3.04 percent, Maybank collected 0.30 percent, MISC spiked 2.88 percent, MRDIY declined 1.23 percent, Nestle Malaysia sank 0.36 percent, Petronas Chemicals accelerated 2.82 percent, Petronas Dagangan rallied 1.69 percent, PPB Group added 0.69 percent, Press Metal strengthened 1.11 percent, QL Resources fell 0.24 percent, RHB Bank jumped 1.48 percent, SD Guthrie improved 0.74 percent, Sunway stumbled 1.65 percent, Telekom Malaysia rose 0.55 percent, Tenaga Nasional climbed 0.91 percent, YTL Corporation plunged 2.73 percent, YTL Power retreated 1.28 percent and Petronas Gas, Public Bank and Sime Darby were unchanged.

RTTNews | 1ч 52мин назад

Japan Shares May Extend Monday's Gains

The Japan stock market has moved higher in two of three trading days since the end of the two-day slide in which it had plunged nearly 2,200 points or 4.2 percent. The Nikkei 225 now rests just above the 50,900-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The Nikkei finished sharply higher on Monday following gains from the financial shares and technology stocks, while the automobile producers were mixed. For the day, the index jumped 635.39 points or 1.26 percent to finish at 50,911.76 after trading between 50,392.44 and 50,969.50. Among the actives, Nissan Motor accelerated 2.11 percent, while Mazda Motor stumbled 2.06 percent, Toyota Motor rose 0.42 percent, Honda Motor plunged 4.67 percent, Softbank Group spiked 2.56 percent, Mitsubishi UFJ Financial and Mizuho Financial both collected 0.67 percent, Sumitomo Mitsui Financial added 0.65 percent, Mitsubishi Electric gathered 0.33 percent, Sony Group improved 0.59 percent, Panasonic Holdings perked 0.15 percent and Hitachi rallied 2.15 percent. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | 2ч 7мин назад

KOSPI May Break Through 4,100-Point Barrier

The South Korea stock market has tracked higher in two of three trading days since the end of the two-day slide in which it had plummeted almost 220 points or 5 percent. The KOSPI sits just beneath the 4,075-point plateau and it's tipped to open in the green again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The KOSPI finished sharply higher on Monday with gains across the board, especially among the financial shares, technology stocks and industrials. For the day, the index surged 119.48 points or 3.02 percent to finish at 4,073.24 after trading between 3,984.24 and 4,092.91. Volume was 334 million shares worth 16.5 trillion won. There were 804 gainers and 98 decliners. Among the actives, Shinhan Financial collected 1.81 percent, while KB Financial spiked 4.28 percent, Hana Financial vaulted 4.57 percent, Samsung Electronics jumped 2.76 percent, Samsung SDI strengthened 2.94 percent, LG Electronics climbed 1.47 percent, SK Hynix rallied 4.48 percent, LG Chem expanded 3.93 percent, Lotte Chemical skyrocketed 7.12 percent, SK Innovation accelerated 3.97 percent, POSCO Holdings improved 1.51 percent, SK Telecom added 0.94 percent, KEPCO soared 4.88 percent, Hyundai Mobis gained 3.62 percent, Hyundai Motor increased 2.46 percent, Kia Motors surged 3.27 percent and Naver was unchanged.

RTTNews | 2ч 22мин назад

Japan Current Account Data Due On Tuesday

Japan will on Tuesday release September figures for current account, highlighting a modest day for Asia-Pacific economic activity. The current account surplus is seen at 2.26 trillion yen, down from 246.35 trillion yen in the previous month.

RTTNews | 2ч 52мин назад

Swiss Market Settles On Buoyant Note

The Switzerland market turned in a fine performance on Monday, in line with markets across the globe, amid hopes the U.S. government shutdown will end soon.

RTTNews | 6ч 36мин назад

European Markets Close On Strong Note On Hopes Of End To US Government Shutdown

European stocks closed on a strong note on Monday and most of the major markets rebounded from multi-week lows posted in the previous session, as rising prospects of an end to the government shutdown in the U.S., helped underpin sentiment.

RTTNews | 7ч 2мин назад

Technology, Materials Stocks Climb Higher; TSX Up Over 1%

After with a strong positive gap and moving further up north, the Canadian market remains high up in positive territory around noon on Monday with stocks from materials and technology sectors scoring impressive gains. The mood in the market is quite bullish amid prospects of an end to the US government shutdown.

RTTNews | 8ч 3мин назад

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