Asian Shares Mixed Ahead Of Fed Meeting

RTTNews | 1051 วันที่ผ่านมา
Asian Shares Mixed Ahead Of Fed Meeting

(RTTNews) - Asian stocks struggled for direction before ending mixed on Tuesday as investors braced for a busy week of earnings and economic data in the United States.

Fears about economic growth continued to weigh after top U.S. retailer Walmart struck a downbeat tone on the health of the U.S. consumer. Tech heavyweights Apple, Meta, Microsoft and Amazon are due to report their financial results this week.

The dollar held just below multi-decade highs while oil prices rose nearly 2 percent in Asian trade, adding to overnight gains on expectations that Russia's reduction in natural gas supply to Europe could encourage a switch to crude.

The U.S. Federal Reserve is expected to raise rates by 75 basis points on Wednesday, with investors looking for clues about the future pace or rate hikes.

The second quarter GDP figure for the U.S. is scheduled to be released on Thursday and a negative print would mean that the world's largest economy is in a technical recession.

China's Shanghai Composite index rose 0.83 percent to 3,277.44 after reports that government authorities plan to establish a bailout fund for certain property developers.

Hong Kong's Hang Seng index rallied 1.67 percent to 20,905.88. Alibaba Group shares surged 4.8 percent after the world's biggest e-commerce company said it would apply to elevate the status of its Hong Kong-traded shares to make them more accessible to mainland Chinese buyers.

Japanese shares ended lower as the minutes of Bank of Japan's June meeting cited the need to watch the impact of financial and forex market moves on the economy and prices.

The Nikkei average slipped 0.16 percent to 27,655.21 while the broader Topix index closed marginally lower at 1,943.17. Shipping and pharma stocks led losses while heavyweight SoftBank Group jumped 3.2 percent.

Seoul stocks rose modestly to extend gains for a second straight session after data showed GDP growth unexpectedly picked up in the second quarter. The Kospi average edged up 0.39 percent to settle at 2,412.96.

Australian markets ended slightly higher ahead of inflation data due on Wednesday. The benchmark S&P ASX 200 rose 0.26 percent to 6,807.30 while the broader All Ordinaries index closed 0.27 percent higher at 7,025.20.

Mining and energy stocks topped the gainers list on the back of higher iron ore and crude prices.

Across the Tasman, New Zealand's S&P NZX-50 index dropped 0.29 percent to 11,166.56. U.S. stocks ended mixed overnight as investors looked ahead to a busy week of earnings. The tech-heavy Nasdaq Composite shed 0.4 percent, while the Dow edged up 0.3 percent and the S&P 500 inched up 0.1 percent.

read more
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, after US President Donald Trump said he and Chinese President Xi Jinping "are going to work closely together to open up China to American Trade." However, signs of escalating geopolitical tensions in the Middle East are weighing on market sentiment.
RTTNews | 50 นาทีที่ผ่านมา
Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Indian shares look set to open lower on Thursday as oil prices climbed on signs of rising tensions in the Middle East and U.S. President Donald Trump said he would notify trading partners within the next one to two weeks about the new unilateral tariff rates, with the choice to accept or reject them.
RTTNews | 1 ชม. 27 นาทีที่ผ่านมา
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may be stuck in neutral on Thursday.
RTTNews | 2 ชม. 0 นาทีที่ผ่านมา
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | 2 ชม. 22 นาทีที่ผ่านมา
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | 2 ชม. 30 นาทีที่ผ่านมา
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | 2 ชม. 42 นาทีที่ผ่านมา
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | 2 ชม. 45 นาทีที่ผ่านมา
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | 3 ชม. 30 นาทีที่ผ่านมา