Hong Kong Shares Tipped To Open To The Downside

RTTNews | 267 gün önce

(RTTNews) - The Hong Kong stock market on Friday ended the two-day winning streak in which it had improved more than 230 points or 1 percent. The Hang Seng Index now rests just above the 23,425-point plateau and it's looking at another soft start again on Monday.

The global forecast for the Asian markets is weak on concerns over the health of the world economy. The European and U.S. markets were down and the Asian bourses are expected to open in similar fashion.

The Hang Seng finished modestly lower on Friday following losses from the financial shares and technology stocks, while the properties came in mixed.

For the day, the index retreated 152.20 points or 0.65 percent to finish at 23,426.60 after trading between 23,254.30 and 23,775.30.

Among the actives, Alibaba Group advanced 0.69 percent, while Alibaba Health Info stumbled 2.83 percent, ANTA Sports dropped 1.34 percent, China Life Insurance declined 1.68 percent, China Mengniu Dairy was down 0.41 percent, China Resources Land dipped 0.78 percent, CITIC skidded 1.35 percent, CNOOC shed 1.18 percent, CSPC Pharmaceutical rallied 2.85 percent, Galaxy Entertainment retreated 1.87 percent, Haier Smart Home plummeted 7.49 percent, Hang Lung Properties rose 0.15 percent, Henderson Land lost 1.10 percent, Hong Kong & China Gas climbed 0.90 percent, Industrial and Commercial Bank of China slid 0.90 percent, JD.com eased 0.12 percent, Lenovo plunged 4.40 percent, Li Auto tanked 3.49 percent, Li Ning added 0.35 percent, Meituan slumped 1.66 percent, New World Development tumbled 1.90 percent, Nongfu Spring jumped 1.61 percent, Techtronic Industries fell 1.09 percent, Xiaomi Corporation sank 1.26 percent and WuXi Biologics surrendered 3.42 percent.

The lead from Wall Street is brutal as the major averages opened lower on Friday and only got worse as the day progressed, ending near session lows.

The Dow plummeted 715.80 points or 1.69 percent to end at 41,583.90, while the NASDAQ tumbled 481.01 points or 2.70 percent to close at 17.322.99 and the S&P 500 dropped 112.37 points or 1.97 percent to end at 5,580.94. For the week, the NASDAQ plunged 2.6 percent, while the S&P lost 1.5 percent and the Dow shed 1.0 percent.

The sell-off on Wall Street came amid concerns about the outlook for the economy following the latest data, including the Federal Reserve's preferred readings on inflation.

While the Commerce Department report showed consumer prices increased in line with economist estimates, core consumer prices rose by slightly more than expected.

Stocks saw further downside after the University of Michigan released revised data showing consumer sentiment deteriorated more than estimated in March.

Oil prices fell Friday, but the most active futures contract still posted a weekly gain amid prospects of tighter supplies following the U.S. sanctions on Iran and Venezuela. West Texas Intermediate Crude oil futures for May settled at $69.36 a barrel, losing $0.56 or 0.8 percent. WTI crude futures gained 1.6 percent in the week.

Closer to home, Hong Kong will see February data for retail sales later today; in January, sales were down 3.2 percent on year.

Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 1s 10 dakika önce

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

RTTNews | 1s 20 dakika önce

Higher Open Called For Taiwan Stock Market

The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 680 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just beneath the 28,150-point plateau and it figures to open to the upside again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 1s 40 dakika önce

Singapore Bourse May Extend Monday's Gains

The Singapore stock market on Monday wrote a finish to the four-day losing streak in which it had slipped more than 20 points or 0.4 percent. The Straits Times Index now sits just above the 4,610-point plateau and it's expected to open to the upside again on Tuesday.

RTTNews | 2s 10 dakika önce

Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2s 40 dakika önce

Japan Stock Market May Add To Its Winnings On Tuesday

The Japanese stock market has finished higher in two consecutive trading days, soaring more than 1,400 points or 2.7 percent along the way. The Nikkei 225 now sits just above the 50,400-point plateau and it may extend its gains on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead. The Nikkei finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers. For the day, the index jumped 895.18 points or 1.81 percent to finish at 50,402.39 after trading between 49,982.20 and 50,590.88. Among the actives, Nissan Motor improved 0.75 percent, while Mazda Motor accelerated 4.34 percent, Toyota Motor advanced 0.91 percent, Honda Motor strengthened 1.61 percent, Softbank Group soared 4.09 percent, Mitsubishi UFJ Financial jumped 1.86 percent, Mizuho Financial vaulted 1.40 percent, Mitsubishi Electric rallied 1.74 percent, Panasonic Holdings spiked 3.47 percent and Hitachi expanded 1.89 percent.

RTTNews | 2s 55 dakika önce

Additional Support Called For South Korea Shares

The South Korea stock market has moved higher in two straight sessions, advancing more than 110 points or 2.7 percent along the way. The KOSPI now sits just above the 4,100-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 3s 10 dakika önce

RBA Minutes Due On Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its Dec. 8 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 3s 40 dakika önce

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