Asian Shares Mostly Higher Despite Rate Hike Worries

RTTNews | Pred 580 dňami
Asian Shares Mostly Higher Despite Rate Hike Worries

(RTTNews) - Asian stocks ended Thursday's session mostly higher despite uncertainty surrounding the Federal Reserve's rate hike path and signs of intensifying downward pressures on prices in China.

The dollar index held steady in Asian trade after three sessions of gains. Bond yields inched lower despite Fed officials sounding hawkish tones.

Gold was little changed while oil ticked up after dropping to three-month lows on Wednesday on concerns over waning demand in the U.S. and China.

China's Shanghai Composite index fluctuated before finishing marginally higher at 3,053.28. Hong Kong's Hang Seng index slipped 0.33 percent to 17,511.29.

Official data showed earlier in the day that China's consumer price inflation fell 0.2 percent year-on-year in October while factory-gate prices declined 2.6 percent, falling for a 13th month in a row and raising concerns over domestic demand.

Japanese shares rallied after reports that Prime Minister Fumio Kishida had decided against calling an election before the end of the year.

The Nikkei average jumped 1.49 percent to 32,646.46, snapping a two-day losing streak. The broader Topix index settled 1.26 percent higher at 2,335.12.

Energy stocks outperformed, with Cosmo Energy Holdings climbing almost 9 percent after raising its profit forecast.

Watch and calculator maker Casio soared 7 percent after announcing better-than-expected financial results. Nintendo added 5.6 percent after confirming it's making a live-action Legend of Zelda movie.

Seoul stocks eked out modest gains, with the Kospi average closing up 0.23 percent at 2,427.08. Battery makers suffered losses, with Samsung SDI losing 2.3 percent and LG Energy Solution falling 1.9 percent.

Australian markets finished at a three-week high, led by banks and miners. The benchmark S&P ASX 200 rose 0.28 percent to 7,014.90 while the broader All Ordinaries index ended 0.23 percent higher at 7,215.10. Lender NAB fell 0.8 percent, reversing early gains after annual cash profit came in below expectations.

Across the Tasman, New Zealand's benchmark S&P/NZX 50 index rose 0.42 percent to 11,197.66.

Fonterra Co-Operative Group shares advanced 1.9 percent after the dairy exporter said that medium-term outlook for its New Zealand dairy market remained positive.

U.S. stocks fluctuated before ending mixed overnight and Treasury yields pulled back as the Treasury Department's auction of $40 billion worth of ten-year notes attracted average demand.

The Dow eased 0.1 percent while the S&P 500 and the tech-heavy Nasdaq Composite finished marginally higher to extend their winning streak to eight and nine sessions, respectively.

read more
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | Pred 11 minútami
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | Pred 19 minútami
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | Pred 32 minútami
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | Pred 34 minútami
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | Pred 1 h 19 min
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
RTTNews | Pred 1 h 49 min
Renewed Selling Pressure Expected For Malaysia Shares

Renewed Selling Pressure Expected For Malaysia Shares

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's likely to head south again on Thursday.
RTTNews | Pred 2 h 19 min
Japan Stock Market May Run Out Of Steam On Thursday

Japan Stock Market May Run Out Of Steam On Thursday

The Japan stock market has finished higher in four straight sessions, climbing more than 860 points or 2.5 percent along the way. The Nikkei 225 now sits just above the 38,420-point plateau although it's due for consolidation on Thursday.
RTTNews | Pred 2 h 34 min