South Korea Bourse Overdue For Profit Taking

RTTNews | 64 gün önce

(RTTNews) - The South Korea stock market has climbed higher in five straight sessions, accelerating almost 130 points or 4.3 percent along the way. The KOSPI now rests just above the 3,020-point plateau for the first time in three and a half years, although investors figure to lock in gains on Monday.

The global forecast for the Asian markets is negative thanks to U.S. involvement in the Israel/Iran conflict. The European and U.S. markets were mixed but the Asian markets figure to open under water.

The KOSPI finished sharply higher on Friday following gains from the technology stocks, steel companies and automobile producers.

For the day, the index jumped 44.10 points or 1.48 percent to finish at 3,021.84 after trading between 2,972.37 and 3,022.06. Volume was 469.7 million shares worth 17.6 trillion won. There were 488 gainers and 388 decliners.

Among the actives, Shinhan Financial dipped 0.17 percent, while KB Financial eased 0.19 percent, Hana Financial collected 1.65 percent, Samsung Electronics added 0.51 percent, Samsung SDI spiked 4.82 percent, LG Electronics strengthened 1.23 percent, SK Hynix soared 4.47 percent, Naver surged 6.94 percent, LG Chem rallied 2.67 percent, Lotte Chemical fell 0.32 percent, SK Innovation improved 1.59 percent, POSCO Holdings advanced 0.96 percent, SK Telecom jumped 1.81 percent, KEPCO accelerated 2.83 percent, Hyundai Mobis shed 0.51 percent, Hyundai Motor increased 1.45 percent and Kia Motors added 0.51 percent.

The lead from Wall Street remains murky as the major averages opened higher on but quickly fell under water, finally finishing mixed and little changed.

The Dow rose 35.16 points or 0.08 percent to finish at 42,206.82, while the NASDAQ dropped 98.86 points or 0.51 percent to close at 19,447.41 and the S&P 500 sank 13.03 points or 0.22 percent to end at 5,967.84.

The positive boost to kick off trade on Wall Street came after the White House said President Donald Trump sees a "substantial chance of negotiations" and would decide within two weeks whether to authorize a direct U.S. military strike on Iran.

Of course, on Saturday the United States bombed three sites in Iran that are suspected nuclear development areas. The fallout from those attacks remains uncertain.

On the economic front, the Federal Reserve Bank of Philadelphia said on Friday that regional manufacturing activity remained weak in June. The Philly Fed said its diffusion index for current general activity was unchanged in June after jumping to a negative 4.0 in May, with a negative reading indicating contraction. Economists had expected the index to rise to a negative 1.0.

Crude oil price slipped on Friday as concerns of U.S. involvement in the Israel-Iran conflict faded, even as the fighting between the two nations intensified. West Texas Intermediate crude for July delivery closed down by $0.21 to $74.93 per 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

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 | 48 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 18 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 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.

RTTNews | 2s 3 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 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.

RTTNews | 3s 18 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 30 dakika önce

EURUSD	1.1639	GBPUSD	1.34717	AUDUSD	0.64882
USDJPY	147.324	USDCAD	1.38501	USDCHF	0.80432