Asian Shares End Mixed Amid China Fears

RTTNews | Pred 1054 dňami

(RTTNews) - Asian stocks ended mixed on Thursday, with Chinese and Hong Kong markets underperforming on concerns over strict COVID-10 lockdowns and waning confidence in China's property market.

Overall gains were modest elsewhere ahead of the ECB meeting where a rate hike is expected for the first time in more than a decade.

Investors heaved a sigh of relief as natural gas started flowing through a major pipeline from Russia to Europe after a 10-day shutdown for maintenance.

The Japanese yen gyrated against the dollar after the Bank of Japan maintained its ultra-loose monetary policy and raised its inflation forecast.

China's Shanghai Composite closed 0.99 percent lower at 3,272 on economic worries. Hong Kong's Hang Seng index fell 1.51 percent to 20,574.63.

The Asian Development Bank has cut the growth forecast for China, citing concerns over the country's zero-COVID approach and strict lockdowns.

Japanese shares finished modestly higher to extend gains for a sixth straight session after the central bank stood pat in its monetary policy decision, defying a global wave of inflation-fighting rate hikes.

The Nikkei average rose 0.44 percent to 27,803 while the broader Topix index closed 0.21 percent higher at 1,950.59.

Seoul stocks advanced for the second day running as falling oil prices helped ease concerns over inflation. The Kospi average edged up 0.93 percent to 2,409.16, marking the highest level since June 28.

Market behemoth Samsung Electronics surged 2.2 percent and leading chemical firm LG Chem soared 5.4 percent. Hyundai Motor ended on a flat note despite posting a 59 percent rise in second-quarter profit.

Australian markets finished higher, led by financials and tech stocks. Miners and energy companies lost ground on persisting concerns about the Chinese economy.

Link Administration Holdings surged 12.6 percent after it agreed to an increased takeover offer from Dye & Durham.

The benchmark S&P ASX 200 rose 0.52 percent to 6,794.30 while the broader All Ordinaries index ended 0.62 percent higher at 7,018.40.

New Zealand shares advanced as investors cheered encouraging earnings reports from the U.S. The benchmark S&P NZX-50 index climbed 0.63 percent to 11,269.76, with Meridian Energy, Mercury and Fisher & Paykel Healthcare rising 2-3 percent.

U.S. stocks rose overnight as earnings of more companies came on expected lines, helping offset signs of a slowdown in the housing market.

The tech-heavy Nasdaq Composite surged 1.6 percent after a positive forecast from Netflix while the S&P gained 0.6 percent and the Dow edged up 0.2 percent.

Canadian Market Up Marginally In Cautious Trade

After a flat start and a subsequent drop to lower levels, the Canadian market emerged into positive territory about an hour past noon on Monday, but remains somewhat subdued with investors seeming reluctant to make significant moves. The mood is cautious as investors await U.S. - China trade talks in London.

RTTNews | Pred 1 h 55 min

European Stocks Close Weak After Cautious Session

European markets settled lower on Monday after a subdued performance as investors awaited the outcome of U.S.-China high-level trade talks in London. Also, a lack of regional economic data and earnings news contributed to the cautious mood in the markets.

RTTNews | Pred 2 h 23 min

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.

RTTNews | Pred 6 h 10 min

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.

RTTNews | Pred 8 h 2 min

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.

RTTNews | Pred 9 h 13 min

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.

RTTNews | Pred 9 h 35 min

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.

RTTNews | Pred 9 h 55 min

Sensex, Nifty End Modestly Higher; Banks And Financials Surge

Indian shares eked out modest gains on Monday as top officials from the U.S. and China meet in London later in the day to resolve their differences and ease rare-earth mineral tensions.

RTTNews | Pred 10 h 5 min

EURUSD	1.14239	GBPUSD	1.35534	AUDUSD	0.65165
USDJPY	144.57	USDCAD	1.36931	USDCHF	0.82138

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Asian Shares End Mixed Amid China Fears