Asian Markets Track Wall Street Lower

RTTNews | Pred 615 dňami

(RTTNews) - Equity markets in Asia closed on an overwhelmingly negative note on Tuesday, tracking the weak closing on Wall Street on Monday amidst anxiety about how the U.S. labor market update could sway the Fed's interest rate trajectory. China's trade data update due on Wednesday as well as the inflation update due on Friday added to the anxiety. News of Moody's cutting the Chinese sovereign bonds rating also dampened sentiment.

China's Shanghai Composite Index tumbled 1.67 percent to finish trading at 2,972.30. The day's trading ranged between 3,017.01 and 2,972.30. The Shenzhen Component Index also plunged 1.97 percent to close at 9,470.36.

The Japanese benchmark Nikkei 225 lost 455 points or 1.37 percent to end trading at 32,775.82, tracking the negative sentiment at Wall Street. The day's trading range was between 33,089.82 and 32,726.68. The downward revision in Japan's Services PMI readings also impacted sentiment.

Cyber Agent was the top gainer with a surge of 2.7 percent. Subaru Corp, Toppan Printing, Mitsui Engineering and Shipbuilding, all gained more than 2 percent. T&D Holdings added 1.93 percent.

Advantest Corp plunged 6.2 percent. Dainippon Screen Manufacturing followed with losses of 5.3 percent. Tokyo Electron, Yaskawa Electric Corp and NEC Corp, all slipped more than 3 percent.

The Hang Seng Index of the Hong Kong Stock Exchange shed 318 points or 1.91 percent from the previous close to finish trading at 16,327.86. The day's trading range was between a high of 16,606.54 and a low of 16,228.52.

Korean Stock Exchange's Kospi Index dropped 20 points or 0.82 percent to close trading at 2,494.28. The day's trading range was between 2,492.55 and 2,509.74.

Australia's S&P/ASX200 closed trading at 7,061.60, shedding 63 points or 0.89 percent amidst Reserve Bank of Australia's widely expected status quo on interest rates. The day's trading range was between 7041.10 and 7,124.70.

Evolution Mining, Coronado Global Resources, utilities business Origin Energy and healthcare equipment business Nanosonics, all rallied more than 2 percent. Collins Foods gained 1.9 percent.

Mining stocks led the decline in the backdrop of weaker commodity prices. Core Lithium extended losses with a plunge of close to 10 percent. Liontown Resources also dropped 9.2 percent. Pilbara Minerals and Capricorn Metals, both slipped more than 8 percent. IGO also extended losses with a decline of close to 7 percent.

The NZX 50 of the New Zealand Stock Exchange slipped 24 points or 0.21 percent to close trading at 11,356.99 versus the previous close of 11,367.81. Trading ranged between 11,311.78 and 11,380.88.

Vital Healthcare Property Trust rebounded, adding 2.93 percent. Food business Sanford, freight and logistics business Mainfreight and healthcare distribution business EBOS, all gained more than 1 percent. Investore Property, an REIT also added 0.99 percent.

Software business Serko slipped 4.9 percent. Synlait Milk, software business Vista Group International, healthcare business Pacific Edge all slipped more than 4 percent. Restaurant Brands New Zealand declined 3.7 percent.

Wall Street had closed on a negative note on Monday as markets reassessed the monetary policy outlook. Anxiety ahead of monthly labor market update also weighed on sentiment. Nasdaq Composite slipped 0.84 percent to close at 14,185.49 whereas the Dow Jones Industrial Average edged down 0.11 percent to finish trading at 36,204.44.

Win Streak May End For Japan Stock Market

Ahead of Monday's holiday for Mountain Day, the Japan stock market had moved higher in four consecutive sessions, advancing more than 1,580 points or 3.8 percent along the way. The Nikkei 225 now sits just above the 41,820-point plateau although investors are likely to lock in gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red. The Nikkei finished sharply higher on Friday with gains cross the board, especially among the finance, automobile and technology sectors. For the day, the index surged 761.38 points or 1.85 percent to finish at 41,820.48 after trading between 41,248.05 and 42,033.92. Among the actives, Nissan Motor accelerated 2.75 percent, while Mazda Motor spiked 4.91 percent, Toyota Motor jumped 3.47 percent, Honda Motor rallied 3.95 percent, Softbank Group skyrocketed 10.39 percent, Mitsubishi UFJ Financial collected 0.64 percent, Mizuho Financial advanced 1.02 percent, Sumitomo Mitsui Financial added 0.71 percent, Mitsubishi Electric fell 0.28 percent, Sony Group soared 3.50 percent, Panasonic Holdings climbed 1.16 percent and Hitachi rose 0.50 percent. The lead from Wall Street is negative as the major averages opened mixed on Monday, rallied midday but then slumped in the afternoon and finished under water.

RTTNews | Pred 18 minútami

Continued Consolidation Called For South Korea Shares

The South Korea stock market has finished lower in back-to-back sessions, sinking more than 20 points or 0.6 percent along the way. The KOSPI now sits just above the 3,200-point plateau and it may take further damage again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | Pred 33 minútami

Australia Interest Rate Decision On Tap For Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is expected lower its benchmark lending rate by 25 basis points, to 3.60 percent from 3.85 percent.

RTTNews | Pred 1 h 33 min

U.S. Dollar Firms Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Monday.

RTTNews | Pred 2 h 56 min

Swiss Market Fails To Hold Early Gains, Ends Just Slightly Up

Despite opening on a firm note, the Switzerland market paring gains and even slipped into negative territory in late afternoon trades on Monday, but managed to end the day's session slightly up.

RTTNews | Pred 5 h 48 min

European Stocks Close On Mixed Note After Cautious Session

European stocks turned in a mixed performance on Monday after a cautious session as investors looked ahead to upcoming talks between the U.S. and Russia on the Ukraine war issue, and the ongoing tariff negotiations between the U.S. and China, as well as some crucial economic data, including a report on consumer price inflation in the world's largest economy.

RTTNews | Pred 6 h 13 min

Rate Cut Hopes Drag The Dollar Down

The U.S. dollar declined against major currencies during the week ended August 8 amidst weak economic data that renewed hopes of a larger-than expected and higher-than-expected monetary policy easing by the Federal Reserve.

RTTNews | Pred 8 h 53 min

Bay Street Likely To Open Slightly Higher, But Weak Metal Prices Could Weigh

Canadian stocks may open with a slightly positive bias on Monday with investors looking ahead to the crucial U.S. inflation data due this week. The focus is also Trump administration's trade negotiations with China, and on the upcoming talks between the U.S. and Russia, aimed at bringing an end to the war in Ukraine.

RTTNews | Pred 11 h 5 min

EURUSD	1.16156	GBPUSD	1.34335	AUDUSD	0.65149
USDJPY	148.202	USDCAD	1.37743	USDCHF	0.81214