Australian Market Modestly Lower

RTTNews | 67 gün önce

(RTTNews) - The Australian stock market is trading modestly lower on Friday, extending the losses in the previous three sessions, following he broadly negative cues from European markets and lack of cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,500 level, with weakness in iron ore miners and financial stocks and a mixed performance in all other sectors.

The benchmark S&P/ASX 200 Index is losing 30.80 points or 0.36 percent to 8,492.90, after touching a high of 8,526.50 and a low of 8,491.00 earlier. The broader All Ordinaries Index is down 30.50 points or 0.35 percent to 8,710.90. Australian stocks closed slightly lower on Thursday.

Among major miners, BHP Group is edging down 0.5 percent and Mineral Resources is declining more than 2 percent, while Fortescue Metals and Rio Tinto are losing more than 1 percent each. Oil stocks are mostly higher. Santos, Beach energy and Woodside Energy are edging up 0.1 to 0.2 percent each, while Origin Energy is losing more than 1 percent.

Among tech stocks, Afterpay-owner Block and Xero are edging down 0.2 percent each, while WiseTech Global is edging up 0.3 percent, Appen is advancing almost 4 percent and Zip is gaining more than 1 percent.

Among the big four banks, Commonwealth Bank, National Australia Bank and Westpac are edging down 0.1 to 0.4 percent each, while ANZ Banking is losing almost 1 percent.

Gold miners are mixed. Gold Road Resources and Newmont are edging up 0.1 to 0.2 percent each, while Evolution Mining, Resolute Mining and Northern Star Resources are edging down 0.3 to 0.5 percent each.

In other news, shares in Bowen Coking Coalare plummeting more than 44 percent after saying it could temporarily pause operations at part, or all, of its flagship Burton Mine Complex near Moranbah amid depressed coal markets and the "unsustainable" Queensland coal royalty regime.

In the currency market, the Aussie dollar is trading at $0.649 on Friday.

On Wall Street, the markets were closed for Juneteenth Day on Thursday after closing mixed on Wednesday.

The major European markets ended lower on the day Germany's DAX stumbled 260.43 points or 1.12 percent to finish at 23,057.38, while the FTSE 100 in London sank 51.67 points or 0.58 percent to close at 8,791.80 and the CAC 40 in France slumped 102.67 points or 1.34 percent to end at 7,553.45.

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 17 dakika önce

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 47 dakika önce

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1s 17 dakika önce

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1s 47 dakika önce

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | 2s 2 dakika önce

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2s 17 dakika önce

RBA Minutes On Tap For Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its August 12 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.

RTTNews | 3s 17 dakika önce

U.S. Dollar Climbs Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Monday.

RTTNews | 4s 29 dakika önce

EURUSD	1.16393	GBPUSD	1.34718	AUDUSD	0.64871
USDJPY	147.333	USDCAD	1.38505	USDCHF	0.80426