Japanese Market Significantly Lower

RTTNews | 475 gün önce

(RTTNews) - The Japanese stock market is significantly lower on Wednesday, giving up some of the sharp gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,500 level, with losses across most sectors led by index heavyweights and technology stocks.

The benchmark Nikkei 225 Index is down 388.59 or 1.00 percent at 38,446.51, after hitting a low of 38,388.12 earlier. Japanese stocks ended sharply higher on Tuesday.

Market heavyweight SoftBank Group is losing more than 1 percent and Uniqlo operator Fast Retailing is declining almost 2 percent. Among automakers, Honda is losing almost 2 percent and Toyota is also down almost 2 percent.

In the tech space, Advantest and Tokyo Electron are edging down 0.3 to 0.5 percent each, while Screen Holdings is losing almost 1 percent.

In the banking sector, Mizuho Financial is edging down 0.3 percent, while Mitsubishi UFJ Financial and Sumitomo Mitsui Financial are losing almost 1 percent each.

Among the major exporters, Canon is edging down 0.4 percent and Sony is losing almost 4 percent, while Panasonic and Mitsubishi Electric are declining almost 1 percent each.

Among other major losers, Ricoh plunging more than 7 percent, while Nintendo, Nomura Holdings, and NEC are declining almost 4 percent each. Dai-ichi Life and Fujikura are losing more than 3 percent each, while Fujitsu, Fuji Electric, East Japan Railway, Nitori Holdings and Credit Saison are slipping almost 3 percent each.

Conversely, Yokogawa Electric is surging more than 7 percent, while Oriental Land, Socionext and Sumitomo Pharma are gaining almost 3 percent each.

In the currency market, the U.S. dollar is trading in the lower 155 yen-range on Wednesday.

On the Wall Street, stocks saw modest strength throughout much of the trading session on Tuesday but gave back ground in afternoon trading to end the day little changed. The Dow still managed to close higher for the fifth consecutive session, reaching its best closing level in a month.

The major averages ended the day narrowly mixed. While the Nasdaq edged down 16.69 points or 0.1 percent to 16,332.56, the Dow crept up 31.99 points or 0.1 percent to 38,884.26 and the S&P 500 inched up 6.96 points or 0.1 percent to 5,187.70.

The major European markets have also moved to the upside on the day. While the German DAX Index shot up by 1.4 percent, the U.K.'s FTSE 100 Index jumped by 1.2 percent and the French CAC 40 Index advanced by 1.0 percent.

Crude oil prices settled slightly lower on Tuesday amid concerns about the outlook for global oil demand. West Texas Intermediate Crude oil futures for June ended lower by $0.10 at $78.38 a barrel.

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 | 18 dakika önce

Taiwan Bourse May Hand Back Monday's Gains

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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.

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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 48 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.

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KOSPI May Run Out Of Steam On Tuesday

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RTTNews | 2s 18 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.

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U.S. Dollar Climbs Against Majors

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

RTTNews | 4s 30 dakika önce

EURUSD	1.1638	GBPUSD	1.34708	AUDUSD	0.64876
USDJPY	147.33	USDCAD	1.38506	USDCHF	0.80437