Little Movement Expected For South Korea Shares

RTTNews | 641 วันที่ผ่านมา
Little Movement Expected For South Korea Shares

(RTTNews) - The South Korea stock market has ticked lower in three straight sessions, sinking more than 35 points or 1.4 percent along the way. The KOSPI now sits just beneath the 2,550-point plateau and it may be stuck in neutral again on Friday.

The global forecast for the Asian markets is mixed to lower, with tech shares likely to weigh. The European and U.S. markets were mixed but little changed and the Asian markets are likely to open in similar fashion on Friday.

The KOSPI finished modestly lower on Thursday following losses from the chemicals and steel companies and mixed performances from the financials and technology shares.

For the day, the index sank 15.08 points or 0.59 percent to finish at 2,548.26. Volume was 370.56 million shares worth 8.04 trillion won. There were 696 decliners and 186 gainers.

Among the actives, KB Financial eased 0.18 percent, while Hana Financial collected 0.38 percent, Samsung Electronics gained 0.57 percent, Samsung SDI stumbled 1.33 percent, LG Electronics dropped 0.70 percent, SK Hynix perked 0.25 percent, Naver climbed 1.17 percent, LG Chem retreated 1.37 percent, Lotte Chemical tumbled 2.00 percent, S-Oil rose 0.39 percent, SK Innovation skidded 1.03 percent, POSCO tanked 2.07 percent, SK Telecom advanced 0.84 percent, KEPCO dipped 0.22 percent, Hyundai Mobis lost 0.21 percent, Hyundai Motor improved 0.27 percent, Kia Motors sank 0.76 percent and Shinhan Financial was unchanged.

The lead from Wall Street is uninspired as the major averages opened mixed and finished little changed in similar fashion.

The Dow rose 57.54 points or 0.17 percent to finish at 34,500.73, while the NASDAQ sank 123.64 points or 0.89 percent to end at 13,748.83 and the S&P 500 fell 14.34 points or 0.32 percent to close at 4,451.14.

The early weakness on Wall Street reflected ongoing concerns about the outlook for interest rates after the Labor Department reported an unexpected drop in first-time claims for U.S. unemployment benefits last week.

The Fed is still widely expected to leave interest rates unchanged at its next meeting later this month, but CME Group's FedWatch Tool indicates a 43.4 percent chance of another rate hike in November.

The tech-heavy NASDAQ was weighed by weakness from Apple (AAPL) after reports said China plans to expand a ban on the use of iPhones in sensitive departments to government-backed agencies and state companies.

Crude oil prices fell on Thursday, despite a drop in U.S. crude inventories last week. Profit taking after recent strong gains was largely responsible as West Texas Intermediate Crude oil futures for October ended lower by $0.67 or 0.9 percent at $86.87 a barrel.

Closer to home, South Korea will provide July figures for current account later this morning; in June, the current account surplus was $5.87 billion.

read more
Thai Bourse May Extend Losing Streak

Thai Bourse May Extend Losing Streak

The Thai stock market has ticked lower in back-to-back sessions, slipping more than 5 points or 0.4 percent along the way. The Stock Exchange of Thailand now rests just above the 1,135-point plateau and it may take further damage on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.
RTTNews | 24 นาทีที่ผ่านมา
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Tuesday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 moving up to near the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks were the only weak spot.
RTTNews | 46 นาทีที่ผ่านมา
Lower Open Anticipated For Indonesia Stock Market

Lower Open Anticipated For Indonesia Stock Market

Ahead of the long holiday weekend for Eid-al-Adha, the Indonesia stock market had moved higher in back-to-back sessions, gathering almost 70 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,110-point plateau although it's likely to open under pressure on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference. The JCI finished modestly higher on Thursday following gains from the financials and mixed performances from the resource and cement companies. For the day, the index added 44.39 points or 0.63 percent to finish at 7,113.42 after trading between 7,083.89 and 7,136.64. Among the actives, Bank CIMB Niaga sank 0.87 percent, while Bank Mandiri climbed 1.00 percent, Bank Negara Indonesia spiked 2.79 percent, Bank Central Asia shed 0.56 percent, Bank Rakyat Indonesia collected 0.49 percent, Indosat Ooredoo Hutchison added 0.48 percent, Indocement advanced 0.98 percent, Semen Indonesia tumbled 1.79 percent, Indofood Sukses Makmur dropped 0.91 percent, United Tractors perked 0.12 percent, Energi Mega Persada plunged 4.24 percent, Astra Agro Lestari retreated 1.26 percent, Aneka Tambang tanked 2.82 percent, Vale Indonesia plummeted 4.13 percent, Timah rallied 2.07 percent, Bumi Resources soared 2.50 percent and Astra International and Bank Danamon Indonesia were unchanged.
RTTNews | 54 นาทีที่ผ่านมา
Hong Kong Shares Tipped To Open In The Red On Tuesday

Hong Kong Shares Tipped To Open In The Red On Tuesday

The Hong Kong stock market bounced higher again on Monday, one session after ending 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 24,180-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.
RTTNews | 1 ชม. 9 นาทีที่ผ่านมา
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is trading notably higher on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,550 level, with gains across most sectors led by technology and energy stocks. Gold miners were the only weak spot.
RTTNews | 1 ชม. 14 นาทีที่ผ่านมา
China Stock Market Due For Consolidation On Tuesday

China Stock Market Due For Consolidation On Tuesday

The China stock market has finished higher in five straight sessions, advancing more than 50 points or 1.5 percent along the way. The Shanghai Composite Index now sits just beneath the 3,400-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.
RTTNews | 1 ชม. 24 นาทีที่ผ่านมา
Taiwan Bourse May Hand Back Monday's Gains

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market found renewed support on Monday, one session after ending the three-day winning streak in which it had jumped almost 680 points or 3.2 percent. The Taiwan Stock Exchange now sits just above the 21,790-point plateau although it may head south again on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference. The TSE finished modestly higher on Monday following gains from the financial shares, technology stocks and plastics companies. For the day, the index gained 129.63 points or 0.60 percent to finish at 21,790.29 after trading between 21,717.52 and 21,866.27. Among the actives, Cathay Financial and CTBC Financial both collected 0.16 percent, while Mega Financial slid 0.25 percent, First Financial gained 0.55 percent, E Sun Financial improved 0.65 percent, Taiwan Semiconductor Manufacturing Company rallied 1.01 percent, United Microelectronics Corporation strengthened 1.44 percent, Hon Hai Precision climbed 0.98 percent, Largan Precision advanced 0.86 percent, Catcher Technology fell 0.24 percent, MediaTek increased 0.39 percent, Delta Electronics added 0.38 percent, Novatek Microelectronics dipped 0.20 percent, Nan Ya Plastics perked 0.17 percent, Asia Cement rose 0.24 percent and Formosa Plastics and Fubon Financial were unchanged.
RTTNews | 1 ชม. 54 นาทีที่ผ่านมา
Singapore Shares May See Profit Taking On Tuesday

Singapore Shares May See Profit Taking On Tuesday

The Singapore stock market has climbed higher in five straight sessions, collecting more than 40 points or 1 percent along the way. The Straits Times Index now sits just above the 3,935-point plateau although it may be due for consolidation on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference. The STI finished barely higher on Monday following gains from the retailers and mixed performances from the financial shares, property stocks and industrial issues. For the day, the index was up 2.03 points or 0.05 percent to finish at 3,936.32 after trading between 3,930.76 and 3,945.92. Among the actives, CapitaLand Ascendas REIT and CapitaLand Investment both declined 0.39 percent, while CapitaLand Integrated Commercial Trust lost 0.47 percent, City Developments stumbled 1.14 percent, Comfort DelGro improved 0.71 percent, DBS Group advanced 0.82 percent, DFI Retail surged 5.26 percent, Hongkong Land added 0.37 percent, Keppel DC REIT fell 0.45 percent, Keppel Ltd dropped 0.70 percent, Oversea-Chinese Banking Corporation collected 0.55 percent, SATS shed 0.64 percent, SembCorp Industries retreated 0.88 percent, Singapore Technologies Engineering tumbled 1.01 percent, SingTel slumped 0.77 percent, Yangzijiang Financial sank 0.68 percent, Yangzijiang Shipbuilding was down 0.44 percent and Mapletree Pan Asia Commercial Trust, Mapletree Industrial Trust, Mapletree Logistics Trust, Genting Singapore, Thai Beverage, Wilmar International, Seatrium Limited and Frasers Logistics & Commercial Trust were unchanged.
RTTNews | 2 ชม. 24 นาทีที่ผ่านมา