Hong Kong Shares Tipped To Open To The Downside

RTTNews | Pred 267 dňami

(RTTNews) - The Hong Kong stock market on Friday ended the two-day winning streak in which it had improved more than 230 points or 1 percent. The Hang Seng Index now rests just above the 23,425-point plateau and it's looking at another soft start again on Monday.

The global forecast for the Asian markets is weak on concerns over the health of the world economy. The European and U.S. markets were down and the Asian bourses are expected to open in similar fashion.

The Hang Seng finished modestly lower on Friday following losses from the financial shares and technology stocks, while the properties came in mixed.

For the day, the index retreated 152.20 points or 0.65 percent to finish at 23,426.60 after trading between 23,254.30 and 23,775.30.

Among the actives, Alibaba Group advanced 0.69 percent, while Alibaba Health Info stumbled 2.83 percent, ANTA Sports dropped 1.34 percent, China Life Insurance declined 1.68 percent, China Mengniu Dairy was down 0.41 percent, China Resources Land dipped 0.78 percent, CITIC skidded 1.35 percent, CNOOC shed 1.18 percent, CSPC Pharmaceutical rallied 2.85 percent, Galaxy Entertainment retreated 1.87 percent, Haier Smart Home plummeted 7.49 percent, Hang Lung Properties rose 0.15 percent, Henderson Land lost 1.10 percent, Hong Kong & China Gas climbed 0.90 percent, Industrial and Commercial Bank of China slid 0.90 percent, JD.com eased 0.12 percent, Lenovo plunged 4.40 percent, Li Auto tanked 3.49 percent, Li Ning added 0.35 percent, Meituan slumped 1.66 percent, New World Development tumbled 1.90 percent, Nongfu Spring jumped 1.61 percent, Techtronic Industries fell 1.09 percent, Xiaomi Corporation sank 1.26 percent and WuXi Biologics surrendered 3.42 percent.

The lead from Wall Street is brutal as the major averages opened lower on Friday and only got worse as the day progressed, ending near session lows.

The Dow plummeted 715.80 points or 1.69 percent to end at 41,583.90, while the NASDAQ tumbled 481.01 points or 2.70 percent to close at 17.322.99 and the S&P 500 dropped 112.37 points or 1.97 percent to end at 5,580.94. For the week, the NASDAQ plunged 2.6 percent, while the S&P lost 1.5 percent and the Dow shed 1.0 percent.

The sell-off on Wall Street came amid concerns about the outlook for the economy following the latest data, including the Federal Reserve's preferred readings on inflation.

While the Commerce Department report showed consumer prices increased in line with economist estimates, core consumer prices rose by slightly more than expected.

Stocks saw further downside after the University of Michigan released revised data showing consumer sentiment deteriorated more than estimated in March.

Oil prices fell Friday, but the most active futures contract still posted a weekly gain amid prospects of tighter supplies following the U.S. sanctions on Iran and Venezuela. West Texas Intermediate Crude oil futures for May settled at $69.36 a barrel, losing $0.56 or 0.8 percent. WTI crude futures gained 1.6 percent in the week.

Closer to home, Hong Kong will see February data for retail sales later today; in January, sales were down 3.2 percent on year.

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,750 level, with gains across most sectors led by financial and technology stocks.

RTTNews | Pred 1 h 54 min

Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.

RTTNews | Pred 2 h 3 min

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets extend their gains boosted continued strength among technology stocks. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly higher on Monday.

RTTNews | Pred 2 h 7 min

Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

RTTNews | Pred 3 h 28 min

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | Pred 4 h 4 min

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.

RTTNews | Pred 4 h 10 min

Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | Pred 4 h 19 min

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

RTTNews | Pred 4 h 29 min

EURUSD	1.17765	GBPUSD	1.3489	AUDUSD	0.66688
USDJPY	156.036	USDCAD	1.37353	USDCHF	0.78953