China Bourse Poised To Add To Its Winnings

RTTNews | Pred 1159 dňami

(RTTNews) - The China stock market on Thursday wrote a finish to the three-day losing streak in which it had fallen more than 50 points or 1.5 percent. The Shanghai Composite Index now sits just above the 3,320-point plateau and it may extend its gains on Friday.

The global forecast for the Asian markets is mixed to higher, with bargain hunting expected to lift the oversold bourses - particularly among the technology shares. The European markets were down and the U.S. bourses were up and the Asian markets are tipped to follow the latter lead.

The SCI finished sharply higher on Thursday following gains from the financial shares, property stocks and oil and resource companies.

For the day, the index jumped 52.95 points or 1.62 percent to finish at the daily high of 3,320.15 after moving as low as 3,262.29. The Shenzhen Composite Index spiked 44.18 points or 2.08 percent to end at 2,164.01.

Among the actives, Industrial and Commercial Bank of China collected 0.42 percent, while Bank of China added 0.62 percent, China Construction Bank gained 0.67 percent, China Merchants Bank rallied 2.11 percent, China Life Insurance soared 4.78 percent, Jiangxi Copper advanced 0.85 percent, Aluminum Corp of China (Chalco) climbed 1.28 percent, Yankuang Energy spiked 2.38 percent, PetroChina strengthened 1.50 percent, China Petroleum and Chemical (Sinopec) improved 0.99 percent, Huaneng Power increased 0.55 percent, China Shenhua Energy accelerated 2.05 percent, Gemdale surged 4.09 percent, Poly Developments jumped 3.30 percent, China Vanke gathered 1.48 percent, China Fortune Land rose 0.32 percent and Bank of Communications was unchanged.

The lead from Wall Street is positive as the major averages opened higher on Thursday, swooned midday before accelerating higher into the close.

The Dow jumped 194.23 points or 0.64 percent to finish at 30,677.36, while the NASDAQ spiked 179.11 points or 1.62 percent to end at 11,232.19 and the S&P 500 gained 35.94 points or 0.95 percent to close at 3,795.73.

The markets continued to experience choppy trading as traders weighed going bargain hunting following recent weakness against the possibility of a global recession.

Traders kept an eye on Federal Reserve Chair Jerome Powell's testimony before the House Financial Services Committee, with the Fed chief reiterating his commitment to moving quickly to bring inflation back down. But the Fed's plans to aggressively raise interest rates to combat inflation has led to concerns tighter monetary policy will tip the economy into a recession.

In economic news, the Labor Department said first-time claims for U.S. unemployment benefits edged slightly lower last week.

Oil futures slid on Thursday, losing ground for a second straight session on concerns about outlook for energy demand amid rising possibility of a recession. West Texas Intermediate Crude oil futures for August ended lower by $1.92 or 1.8 percent at $104.27 a barrel.

Closer to home, China will see final current account data for the first quarter of 2022 later today; the current account surplus was $118.4 billion in the three months prior.

Australian Market Extends Early Losses In Mid-market

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RTTNews | Pred 14 minútami

Asian Markets Track Wall Street Lower

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RTTNews | Pred 35 minútami

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | Pred 1 h 6 min

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | Pred 1 h 46 min

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | Pred 2 h 13 min

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to 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 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | Pred 2 h 16 min

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | Pred 2 h 31 min

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | Pred 2 h 34 min

EURUSD	1.1628	GBPUSD	1.34557	AUDUSD	0.6475
USDJPY	147.704	USDCAD	1.38574	USDCHF	0.80547