Asian Shares End Mixed Amid China Fears

RTTNews | Pred 1055 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.

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | Pred 32 minútami

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

RTTNews | Pred 47 minútami

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | Pred 1 h 55 min

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

RTTNews | Pred 2 h 31 min

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.

RTTNews | Pred 5 h 25 min