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DAX Climbs As Infineon Raises Outlook
(RTTNews) - German stocks rose notably on Wednesday after top U.S. regulators tried to assure Congress that the overall financial system is still sound and the collapse of Silicon Valley Bank was a "textbook case of mismanagement".
The benchmark DAX jumped 104 points, or 0.7 percent, to 15,246 after finishing marginally higher in the previous session.
Infineon Technologies shares soared 7.3 percent. The chipmaker raised its outlook for both its financial second quarter and the whole of 2023.
Automaker Mercedes Benz fell nearly 2 percent on news that Kuwait's sovereign wealth fund is planning to reduce its stake in the luxury carmaker.
Nordex gained about 1 percent after it won contracts to supply and install 14 turbines from the Delta4000 series for three unnamed projects in Greece.
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Win Streak May Continue For Taiwan Stock Market
The Taiwan stock market has tracked higher in back-to-back sessions, gathering almost 540 points or 2.2 percent along the way. The Taiwan Stock Exchange now rests just above the 24,300-point plateau and it may add to its winnings again on Wednesday.
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Pred 24 minútami
Singapore Stock Market Expected To Open In The Green
The Singapore stock market on Tuesday snapped the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,240-point plateau although it may move back above water on Wednesday.
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Pred 54 minútami
Malaysia Stock Market Expected To Open To The Upside On Wednesday
The Malaysia stock market on Tuesday wrote a finish to the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau although it's likely to rebound on Wednesday.
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Pred 1 h 24 min
Japan Stock Market May See Renewed Support
The Japan stock market on Tuesday halted the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just beneath the 42,400-point plateau although it's expected to open in the green 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.
The Nikkei finished sharply lower on Tuesday following losses from the financial shares, technology stocks and automobile producers.
For the day, the index slumped 413.42 points or 0.97 percent to finish at 42,394.40 after trading between 42,137.62 and 42,703.27.
Among the actives, Nissan Motor plummeted 6.25 percent, while Mazda Motor added 0.40 percent, Toyota Motor retreated 1.41 percent, Honda Motor tumbled 1.71 percent, Softbank Group dropped 0.91 percent, Mitsubishi UFJ Financial sank 0.72 percent, Mizuho Financial shed 0.45 percent, Sumitomo Mitsui Financial skidded 1.01 percent, Mitsubishi Electric tumbled 1.91 percent, Sony Group declined 1.87 percent, Panasonic Holdings slumped 1.11 percent and Hitachi contracted 1.63 percent.
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Pred 1 h 39 min
Rebound Tipped For South Korea Stock Market
The South Korea stock market on Tuesday ended the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,180-point plateau although it may reverse those losses 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.
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Pred 1 h 54 min
Australia Construction Work Data Due On Wednesday
Australia will on Wednesday see Q2 numbers for construction work done, highlighting a light day for Asia-Pacific economic activity.
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Pred 2 h 54 min
U.S. Dollar Falls Against Majors
The U.S. dollar dropped against its major counterparts in the New York session on Tuesday.
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Pred 4 h 6 min
TSX Modestly Higher As Financials, Mining Stocks Move Up
Despite concerns about global trade, and political uncertainty in Europe, the Canadian market is modestly higher Tuesday afternoon, supported by gains in materials, industrials and financials sectors.
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Pred 6 h 28 min
