South Korea Bourse May Extend Losing Streak

RTTNews | 669 วันที่ผ่านมา
South Korea Bourse May Extend Losing Streak

(RTTNews) - The South Korea stock market has moved lower in back-to-back sessions, slipping almost 15 points or 0.6 percent along the way. The KOSPI now rests just above the 2,590-point plateau and it may tick lower again on Monday.

The global forecast for the Asian markets suggests mild consolidation following uninspired data from the United States. The European markets were down and the U.S. bourses were mixed and little changed and the Asian markets figure to split the difference.

The KOSPI finished modestly lower on Friday as losses from the oil and chemical companies were offset by support from the financials and automobile producers, while the technology stocks were mixed.

For the day, the index slipped 10.30 points or 0.40 percent to finish at 2,591.26. Volume was 664.8 million shares worth 10.3 trillion won. There were 562 gainers and 324 decliners.

Among the actives, KB Financial rose 0.39 percent, while Hana Financial collected 0.79 percent, Samsung Electronics sank 0.74 percent, Samsung SDI and Kia Motors both jumped 1.77 percent, LG Electronics rallied 1.86 percent, SK Hynix tanked 2.70 percent, Naver retreated 1.33 percent, LG Chem tumbled 1.89 percent, Lotte Chemical dropped 0.92 percent, S-Oil declined 1.15 percent, POSCO plunged 3.61 percent, SK Telecom added 0.43 percent, KEPCO fell 0.37 percent, Hyundai Mobis spiked 1.97 percent, Hyundai Motor climbed 1.11 percent and Shinhan Financial and SK Innovation were unchanged.

The lead from Wall Street ends up mixed as the major averages opened lower on Friday and wound up on opposite sides of the unchanged line after a day of volatility.

The Dow gained 105.30 points or 0.30 percent to finish at 35,281.40, while the NASDAQ slumped 93.15 points or 0.68 percent to close at 13,644.85 and the S&P 500 fell 4.78 points or 0.11 percent to end at 4,464.05. For the week, the Dow added 0.6 percent, the NASDAQ tumbled 1.9 percent and the S&P eased 0.3 percent.

The mixed performance on Wall Street came following the release of a Labor Department report showing producer prices climbed slightly more than expected in July.

While the larger than increase by the headline index led to renewed interest rate concerns among some investors, analysts noted the more important index excluding food, energy, and trade services rose in line with estimates.

A separate report released by the University of Michigan showed a slight pullback in consumer sentiment in August.

Crude oil futures settled higher on Friday after a report from the International Energy Agency forecast strong demand for oil and tightening supplies in the market. West Texas Intermediate Crude oil futures for September ended higher by $0.37 at $83.19 a barrel.

read more
New Zealand Manufacturing PMI Data Due On Friday

New Zealand Manufacturing PMI Data Due On Friday

New Zealand will on Friday release May results for the manufacturing PMI from BusinessNZ, highlighting a light day for Asia-Pacific economic activity. In April, the PMI score was 53.9.
RTTNews | 24 นาทีที่ผ่านมา
Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
RTTNews | 47 นาทีที่ผ่านมา
Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japan stock market on Thursday ended the four-day winning streak in which it had climbed more than 860 points or 2.5 percent. The Nikkei 225 now sits just beneath the 38,175-point plateau although it may bounce higher again on Friday.
RTTNews | 48 นาทีที่ผ่านมา
U.S. Dollar Weakens After Soft PPI Data

U.S. Dollar Weakens After Soft PPI Data

The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as soft producer inflation data for May raised hopes of a rate cut by the Federal Reserve.
RTTNews | 4 ชม. 3 นาทีที่ผ่านมา
Canadian Market Up Slightly In Cautious Trade

Canadian Market Up Slightly In Cautious Trade

After a flat start and a subsequent drop, the Canadian market moved into positive territory Thursday morning, led by gains in materials and communications sectors. The mood remains cautious amid uncertainty about U.S.-China trade deal and easing prospects of he European Union arriving at a pact with the U.S. before the July 8 deadline. Middle East tensions also weigh on sentiment.
RTTNews | 5 ชม. 47 นาทีที่ผ่านมา
U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
RTTNews | 8 ชม. 35 นาทีที่ผ่านมา
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
RTTNews | 8 ชม. 38 นาทีที่ผ่านมา
Bay Street Likely To Open On Negative Note

Bay Street Likely To Open On Negative Note

Canadian shares are likely to open with a negative bias on Thursday as trade concerns, and Middle East tensions may weigh on sentiment. A lack of specifics in the framework agreed to by U.S. and Chinese officials on Tuesday has raised uncertainty about the two nations reaching an agreement anytime soon.
RTTNews | 9 ชม. 21 นาทีที่ผ่านมา