Tech Shares Likely To Drag KOSPI Lower

RTTNews | 657 gün önce
Tech Shares Likely To Drag KOSPI Lower

(RTTNews) - The South Korea stock market has climbed higher in four straight sessions, advancing more than 70 points or 2.7 percent along the way. The KOSPI now rests just shy of the 2,670-point plateau and investors are likely to cash in on Wednesday.

The global forecast for the Asian markets is negative, with technology and oil stocks likely to lead the way lower. The European and U.S. markets were mostly in the red and the Asian bourses are expected to open in similar fashion.

The KOSPI finished modestly higher as gains from the technology stocks were capped by weakness from the financials and industrials.

For the day, the index added 14.53 points or 0.55 percent to finish at 2,669.80 after trading between 2,641.88 and 2,675.80. Volume was 404.2 million shares worth 9.5 trillion won. There were 449 decliners and 436 gainers.

Among the actives, Shinhan Financial tumbled 1.99 percent, while KB Financial dropped 0.92 percent, Hana Financial retreated 1.38 percent, Samsung Electronics rallied 1.40 percent, Samsung SDI slumped 1.06 percent, LG Electronics sank 0.39 percent, SK Hynix added 0.64 percent, Naver jumped 1.56 percent, LG Chem skidded 1.10 percent, Lotte Chemical plummeted 4.57 percent, S-Oil declined 1.44 percent, SK Innovation eased 0.07 percent, POSCO tanked 2.30 percent, SK Telecom dipped 0.30 percent, KEPCO fell 0.32 percent, Hyundai Mobis lost 0.42 percent, Hyundai Motor stumbled 1.47 percent and Kia Motors plunged 2.40 percent.

The lead from Wall Street is soft as the major averaged opened lower on Tuesday and only the Dow was able to peek barely into positive territory by the session's end.

The Dow rose 25.50 points or 0.07 percent to finish at 37,715.04, while the NASDAQ tumbled 245.41 points or 1.63 percent to end at 14,765.94 and the S&P 500 sank 27.00 points or 0.57 percent to close at 4,742.83.

The weakness in the broader markets came as traders continued to cash in on recent strength, particularly among technology stocks.

A steep drop by shares of Apple (AAPL) weighed on the tech sector, with the iPhone maker tumbling by 3.6 percent to its lowest closing level in well over a month after Barclays downgraded its rating on the company's stock to Underweight from Equal Weight.

The price of crude oil couldn't hold early gains and showed a substantial downturn on Tuesday over escalating Middle East tensions. West Texas Intermediate crude for February delivery surged nearly $2 to a high of $73.64 a barrel early in the session but pulled back sharply to close down $1.27 or 1.8 percent at $70.38 a barrel.

read more
Thai Shares Tipped To Open To The Upside

Thai Shares Tipped To Open To The Upside

The Thai stock market moved back to the upside again on Monday, one session after ending the two-day winning streak in which it had jumped more than 25 points or 2 percent. The Stock Exchange of Thailand now sits just under the 1,285-point plateau and it's expected to open higher again on Tuesday.
RTTNews | 21 dakika önce
Higher Open Called For Indonesia Stock Market

Higher Open Called For Indonesia Stock Market

The Indonesia stock market bounced higher again on Monday, one session after ending the three-day losing streak in which it had dropped more than 200 points or 2.6 percent. The Jakarta Composite Index now rests just beneath the 8,090-point plateau and it's got a solid lead again for Tuesday's trade.
RTTNews | 51 dakika önce
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the strong gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 49,700 level to all-time highs, with gains in index heavyweights, exporters and financial stocks.
RTTNews | 58 dakika önce
Hong Kong Shares Expected To Open In The Green

Hong Kong Shares Expected To Open In The Green

The Hong Kong stock market on Monday snapped the two-day slide in which it had dropped more than 660 points or 2.6 percent. The Hang Seng Index now rests just beneath the 25,860-point plateau and it may see additional support on Tuesday.
RTTNews | 1s 6 dakika önce
China Bourse May Reclaim 3,900-Point Level

China Bourse May Reclaim 3,900-Point Level

The China stock market moved back to the upside again on Monday, one session after ending the two-day winning streak in which it had climbed more than 50 points or 1.2 percent. The Shanghai Composite Index now sits above the 3,860-point plateau and it's expected to open to the upside again on Tuesday.
RTTNews | 1s 21 dakika önce
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is trading notably higher on Tuesday, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 9,050 level, with gains across most sector led by mining and technology stocks.
RTTNews | 1s 31 dakika önce
Tech Surge May Boost Taiwan Stock Market

Tech Surge May Boost Taiwan Stock Market

The Taiwan stock market rebounded on Monday, one session after halting the two-day winning streak in which it had jumped more than 850 points or 2.9 percent. The Taiwan Stock Exchange now sits just beneath the 27,700-point plateau and it may extend its gains on Tuesday.
RTTNews | 1s 51 dakika önce
Singapore Shares May Find Traction On Tuesday.

Singapore Shares May Find Traction On Tuesday.

Ahead of Monday's holiday for Diwali, the Singapore stock market had moved lower in two straight sessions, slipping almost 40 points or 0.9 percent along the way. The Straits Times Index now rests just beneath the 4,330-point plateau although it may stop the bleeding on Tuesday.
RTTNews | 2s 21 dakika önce