Asian Shares Decline Ahead Of Busy Week For Economic Data

RTTNews | Pred 639 dňami

(RTTNews) - Asian stocks ended mostly lower on Monday ahead of a busy week of economic releases and speeches from several Federal Reserve officials, including Fed Chair Jerome Powell.

Investors looked ahead to the release of U.S. European and Chinese PMIs, euro-zone inflation data and U.S. personal consumption numbers this week for additional clues on the growth and rate outlook.

Gold rose against a weakening dollar while oil prices dipped ahead of the delayed OPEC+ meeting on Thursday.

China's Shanghai Composite index dropped 0.30 percent to 3,031.70 after data showed slowing industrial profit growth in October, stoking concerns about the country's economic recovery from the pandemic. Hong Kong's Hang Seng index slipped 0.20 percent to 17,525.06.

Japanese shares fell as the yen strengthened against all its Group-of-10 peers ahead of key U.S. inflation data due this week.

The Nikkei average shed 0.53 percent to close at 33,443.67 while the broader Topix index settled 0.38 percent lower at 2,381.76.

Mitsubishi Heavy Industries slumped 5 percent to pace the declines while technology investor SoftBank Group fell 1.7 percent.

Taisho Pharmaceutical soared 18 percent as it announced a management buyout at 8,620 yen per share, which would take the company private.

Seoul stocks ended on a flat note, with the Kospi average finishing a choppy session marginally lower at 2,495.66 ahead of the Bank of Korea's interest-rate decision due on Thursday.

Australian markets fell notably, dragged down by miners. The benchmark S&P/ASX 200 fell 0.76 percent to 6,987.60 ahead of inflation and retail sales data due later in the week and the Reserve Bank of Australia's rate decision next week. The broader All Ordinaries index ended 0.71 percent lower at 7,192.80.

Across the Tasman, New Zealand's benchmark S&P/NZX 50 index dropped 0.49 percent to 11,155.79, snapping a three-day winning streak ahead of the Reserve Bank of New Zealand's (RBNZ) monetary policy decision on Nov. 29.

U.S. stocks ended a lackluster shortened trading session narrowly mixed on Friday post the Thanksgiving holiday. Retail shares rose slightly as Black Friday kicked off the holiday shopping season.

The tech-heavy Nasdaq Composite edged down 0.1 percent, while the S&P 500 ended with a positive bias and the Dow inched up 0.3 percent to reach its highest level in well over three months.

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.

RTTNews | Pred 11 minútami

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation, which could impact the outlook for interest rates.

RTTNews | Pred 15 minútami

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.

RTTNews | Pred 1 h 41 min

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.

RTTNews | Pred 2 h 0 min

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | Pred 2 h 11 min

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | Pred 2 h 18 min

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.

RTTNews | Pred 2 h 26 min

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.

RTTNews | Pred 2 h 41 min

EURUSD	1.16262	GBPUSD	1.34584	AUDUSD	0.64889
USDJPY	147.83	USDCAD	1.38393	USDCHF	0.80467