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CAC 40 Slips Into Red As Investors React To Russia Political Turmoil
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(RTTNews) - French stocks declined on Monday after a failed mutiny by Russian mercenaries over the weekend raised concerns about political instability in the country.
The benchmark CAC 40 was down 40 points, or 0.6 percent, at 7,124 after falling 0.6 percent on Friday.
Banks were moving lower, with BNP Paribas, Credit Agricole and Societe Generale falling between 0.6 percent and 1.3 percent.
Stock market operator Euronext dropped half a percent after it has entered into a definitive agreement for the sale of its 11.1 percent stake in LCH SA to LCH Group Holdings Limited for an amount of €111 million.
SCOR declined 1.2 percent as it announced the appointment of Fabrice Bregier as the Chairman of its Board of Directors.
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Thai Shares May Reclaim 1,200-Point Level
The Thai stock market has alternated between positive and negative finishes through the last seven trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just beneath the 1,195-point plateau and it's expected to open to the upside on Friday.
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Japanese Market Notably Lower
Extending the losses in the previous two sessions, the Japanese market is notably lower on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling to near the 37,500 level, with weakness across most sectors led by index heavyweights, automakers and technology stocks.
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Win Streak May Continue For Indonesia Bourse
The Indonesia stock market has finished higher in three straight sessions, improving more than 210 points or 3.1 percent in that span. The Jakarta Composite Index now rests just above the 7,040-point plateau and it's expected to extend its gains again on Friday.
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Hang Seng Tipped To Open To The Upside On Friday
The Hong Kong stock market has moved lower in two of three trading days since the end of the eight-day winning streak in which it had surged almost 1,600 points or 7.1 percent. The Hang Seng Index now sits just above the 23,450-point plateau and it's expected to bounce higher again on Friday.
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Australian Market Significantly Higher
The Australian stock market is trading significantly higher on Friday, adding to the gains in the previous seven sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving to near the 8,400 level, with gains across most sectors led by mining, financial and technology stocks.
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Renewed Support Anticipated For China Stock Market
The China stock market on Thursday halted the three-day winning streak in which it had jumped almost 65 points or 1.9 percent. The Shanghai Composite Index now rests just above the 3,380-point plateau and it's tipped to open in the green on Friday.
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Higher Open Called For Taiwan Stock Market
The Taiwan stock market on Thursday snapped the four-day winning streak in which it had surged almost 1,250 points or 6.2 percent. The Taiwan Stock Exchange now sits just above the 21,730-point plateau although it's likely to tick higher again on Friday.
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Singapore Stock Market May Extend Thursday's Gains
The Singapore stock market bounced higher again on Thursday, one day after ending the two-day winning streak in which it had gathered more than 30 points or 0.8 percent. The Straits Times Index now sits just above the 3,890-point plateau and it may add to its winnings on Friday.
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