Australian Market Slightly Lower

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(RTTNews) - Australian shares are trading slightly lower on Wednesday after opening in the green, giving up some of the gains in the previous session, with the benchmark S&P/ASX 200 staying below the 7,800 level, despite the broadly positive cues from Wall Street overnight, with weakness in technology stocks partially offset by gains in mining and energy stocks amid spiking commodity prices.

The benchmark S&P/ASX 200 Index is losing 8.30 points or 0.11 percent to 7,769.80, after hitting a low of 7,769.70 and high of 7,787.50 earlier. The broader All Ordinaries Index is down 6.70 points or 0.08 percent to 8,009.10. Australian stocks ended significantly higher on Tuesday.

Among major miners, Rio Tinto is edging up 0.5 percent and Fortescue Metals is gaining almost 2 percent, while Mineral Resources is edging down 0.1 percent. BHP Group is flat.

Oil stocks are mostly higher. Santos is gaining almost 1 percent, Woodside Energy is adding 1.5 percent and Origin Energy is edging up 0.2 percent, while Beach energy is declining almost 3 percent. In the tech space, Afterpay owner Block is losing more than 1 percent and Zip is declining almost 3 percent, while WiseTech Global is gaining almost 1 percent and Appen is edging up 0.4 percent. Xero are flat. Among the big four banks, Commonwealth Bank and National Australia Bank are edging down 0.2 to 0.4 percent each, while Westpac is edging up 0.2 percent. ANZ Banking is flat.

Among gold miners, Newmont and Northern Star Resources are gaining almost 1 percent each, while Gold Road Resources, Evolution Mining and Resolute Mining are adding more than 1 percent each. In other news, shares in Helia Group are plunging 9 percent to $3.56 after Commonwealth Bank of Australia flagged potential changes to the companies' existing lenders mortgage insurance contract.

In the currency market, the Aussie dollar is trading at $0.666 on Wednesday.

On the Wall Street, stocks turned in a relatively lackluster performance during trading on Tuesday following the strong upward move seen over the course of the previous session. Despite the choppy trading, the S&P 500 and the Nasdaq once again reached new record closing highs.

The major averages all finished the day modestly higher. The S&P 500 climbed 13.80 points or 0.2 percent to 5,487.03, the Dow rose 56.76 points or 0.2 percent to 38,834.86 and the Nasdaq inched up 5.21 points or less than a tenth of a percent to 17,862.23.

The major European markets also moved to the upside on the day. While the French CAC 40 Index advanced by 0.8 percent, the U.K.'s FTSE 100 Index climbed by 0.6 percent and the German DAX Index increased by 0.4 percent.

Crude oil prices climbed to near 7-week highs on Tuesday amid expectations of high summer demand for the commodity and continued production cuts by OPEC and allies. West Texas Intermediate Crude oil futures for July ended up by $1.24 or about 1.54% at $81.57 a barrel, the highest settlement in nearly seven weeks.

European Economic News Preview: Eurozone Flash PMI Data Due

Flash composite purchasing managers' survey results from the euro area and the UK are the top economic news due on Tuesday. At 3.15 am ET, France's flash composite PMI survey results are due. The composite output index is forecast to edge up to 49.9 in September from 49.8 in the previous month.

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Sensex, Nifty Extend Losses In Cautious Trade

Indian shares were a tad lower on Tuesday, with tariff worries and escalating tensions in Europe and the Middle East keeping investors on edge.

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Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level, with gains across most sectors led by mining and technology shares.

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Asian Markets Mixed Amid Cautious Trades

Asian markets are trading mixed on Tuesday, following the positive cues from Wall Street overnight, as traders remain optimistic about the outlook for the markets amid expectations of further interest rate cuts by the US Fed. Some traders are also looking to cash in on the recent strength in the markets. However, escalating tensions in Europe and the Middle East are weighing on market sentiment.

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Sensex, Nifty Seen Lower At Open

Indian shares look set to open on a weak note on Tuesday as investors keep a close eye on ongoing trade talks with the U.S. as well as escalating tensions in Europe and the Middle East, with EU targeting Russian supplies and Ukraine intensifying its attacks on Russian energy infrastructure.

RTTNews | 2h 59minuter sedan

Higher Open Called For Thai Stock Market

The Thai stock market has moved lower in four straight sessions, shedding more than 25 points or 1.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,280-point plateau although it's due for support on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The SET finished modestly lower on Monday following losses from the food, finance, industrial, property, resource, service and technology sectors. For the day, the index lost 10.18 points or 0.79 percent to finish at the daily low of 1,282.54 after peaking at 1,296.42. Volume was 8.171 billion shares worth 31.595 billion baht. There were 356 decliners and 128 gainers, with 167 stocks finishing unchanged. Among the actives, Advanced Info lost 0.68 percent, while Thailand Airport crashed 0.64 percent, Asset World sank 0.83 percent, Banpu plunged 2.48 percent, Bangkok Bank collected 0.68 percent, Bangkok Expressway eased 0.97 percent, BTS Group gave up 1.24 percent, CP All Public dipped 0.52 percent, Charoen Pokphand Foods dropped 0.86 percent, Energy Absolute declined 1.64 percent, Gulf weakened 1.63 percent, Kasikornbank and PTT Global Chemical both slumped 0.91 percent, Krung Thai Bank skidded 0.99 percent, Krung Thai Card retreated 1.64 percent, PTT Oil & Retail fell 0.72 percent, PTT slid 0.75 percent, PTT Exploration and Production was down 0.87 percent, SCG Packaging tanked 2.69 percent, Siam Commercial Bank added 0.40 percent, Siam Concrete tumbled 1.77 percent, Thai Oil plummeted 2.70 percent, True Corporation contracted 0.93 percent, TTB Bank shed 0.53 percent and B. Grimm and Bangkok Dusit Medical were unchanged.

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Indonesia Bourse Likely To Remain Rangebound

The Indonesia stock market has finished lower in two of three trading days since the end of the seven-day winning streak in which it had surged almost 400 points or 5 percent. The Jakarta Composite Index sits just above the 8,040-point plateau and it figures to hold steady in that neighborhood again on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The JCI finished slightly lower on Monday as losses from the financial shares and telecoms were mitigated by support from the resource and cement companies. For the day, the index dipped 11.08 points or 0.14 percent to finish at 8,040.04 after trading between 8,005.35 and 8,087.93. Among the actives, Bank CIMB Niaga fell 0.29 percent, while Bank Mandiri advanced 0.91 percent, Bank Danamon Indonesia collected 0.85 percent, Bank Negara Indonesia retreated 1.41 percent, Bank Central Asia and Astra Agro Lestari both dropped 0.96 percent, Bank Rakyat Indonesia tanked 2.12 percent, Indosat Ooredoo Hutchison retreated 1.59 percent, Indocement improved 0.72 percent, Semen Indonesia strengthened 1.39 percent, Indofood Sukses Makmur rose 0.32 percent, Astra International shed 0.44 percent, Energi Mega Persada surged 7.14 percent, Aneka Tambang rallied 3.77 percent, Vale Indonesia soared 3.71 percent, Timah spiked 5.00 percent, Bumi Resources skyrocketed 6.14 percent and United Tractors was unchanged.

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Rebound Anticipated For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had jumped more than 360 points or 1.4 percent. The Hang Seng Index now sits just beneath the 26,350-point plateau although it's expected to bounce higher again on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The Hang Seng finished modestly lower on Monday following losses from the financial shares and property stocks, while the technology shares were mixed. For the day, the index sank 200.96 points or 0.76 percent to finish at 26,344.14 after trading between 26,204.01 and 26,479.14. Among the actives, Alibaba Group perked 0.06 percent, while Alibaba Health Info slipped 1.14 percent, ANTA Sports slumped 2.22 percent, China Life Insurance tumbled 3.05 percent, China Mengniu Dairy lost 1.31 percent, China Resources Land retreated 2.41 percent, CITIC plummeted 4.72 percent, CNOOC fell 1.24 percent, Galaxy Entertainment was down 1.18 percent, Haier Smart Home tanked 2.52 percent, Hang Lung Properties shed 1.35 percent, Henderson Land skidded 1.77 percent, Hong Kong & China Gas dropped 1.60 percent, Industrial and Commercial Bank of China declined 2.38 percent, JD.com stumbled 3.31 percent, Lenovo jumped 1.50 percent, Li Auto dipped 1.14 percent, Li Ning added 0.45 percent, Meituan contracted 2.26 percent, New World Development advanced 0.72 percent, Nongfu Spring sank 1.38 percent, Techtronic Industries plunged 4.03 percent, Xiaomi Corporation slid 1.06 percent, WuXi Biologics surged 6.09 percent and CSPC Pharmaceutical was unchanged.

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