Continued Consolidation Called For KOSPI

RTTNews | 649 ngày trước
Continued Consolidation Called For KOSPI

(RTTNews) - The South Korea stock market has finished lower in five straight sessions, slumping almost 110 points or 4.2 percent along the way. The KOSPI now sits just above the 2,560-point plateau and it's looking at another soft start again on Wednesday.

The global forecast for the Asian markets is negative amid concerns about the outlook for interest rates. The European markets were down and the U.S. bourses were mixed and the Asian markets are expected to split the difference.

The KOSPI finished slightly lower again on Tuesday as losses from the industrials and energy stocks were offset by gains from the financials and a mixed picture from the technology companies.

For the day, the index slipped 6.58 points or 0.26 percent to finish at 2,561.24 after trading between 2,556.00 and 2,599.37. Volume was 782.4 million shares worth 8.76 trillion won. There were 573 gainers and 288 decliners.

Among the actives, Shinhan Financial collected 0.81 percent, while KB Financial added 0.38 percent, Hana Financial advanced 0.97 percent, Samsung Electronics tumbled 2.35 percent, Samsung SDI and Hyundai Mobis both dropped 0.92 percent, LG Electronics slumped 1.11 percent, SK Hynix climbed 1.03 percent, Naver rallied 1.32 percent, LG Chem declined 1.57 percent, Lotte Chemical gained 0.36 percent, S-Oil fell 0.30 percent, SK Innovation slid 0.30 percent, POSCO retreated 1.92 percent, SK Telecom improved 0.72 percent, KEPCO surged 3.18 percent, Hyundai Motor eased 0.05 percent and Kia Motors rose 0.22 percent.

The lead from Wall Street is soft as the major averages opened lower on Tuesday and largely stayed under water, although the NASDAQ managed to break barely into the green.

The Dow shed 157.85 points or 0.42 percent to finish at 37,525.16, while the NASDAQ rose 13.94 points or 0.09 percent to close at 14,857.71 and the S&P 500 slipped 7.04 points or 0.15 percent to end at 4,756.50.

The early weakness on Wall Street came as some traders looked to cash in on Monday's strong gains amid lingering uncertainty about the outlook for interest rates.

While the Federal Reserve is widely expected to leave interest rates unchanged later this month, traders have recently become increasingly skeptical about whether the central bank will cut rates in March.

In economic news, the Commerce Department released a report showing the U.S. trade deficit unexpectedly shrank in November.

Oil prices climbed higher on Tuesday as rising geopolitical risks raised concerns about possible supply and trade disruptions. West Texas Intermediate Crude oil futures for February settled higher by $1.47 at $72.24 a barrel.

read more
Renewed Support Tipped For Thai Stock Market

Renewed Support Tipped For Thai Stock Market

The Thai stock market on Friday ended 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 1,275-point plateau although it's expected to move back to the upside again on Monday.
RTTNews | 20 phút trước
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 surging almost 2.5 percent to well above the 48,700 level, with gains across most sectors led by index heavyweights, financial and technology stocks.
RTTNews | 49 phút trước
Rebound Anticipated For Indonesia Stock Market

Rebound Anticipated For Indonesia Stock Market

The Indonesia stock market headed south again on Friday, one day 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 above the 7,915-point plateau although it may bounce higher again on Monday.
RTTNews | 50 phút trước
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is modestly lower on Monday, adding to the losses in the previous session, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 9,000.00 mark, with weakness in mining stocks partially offset by gains in energy, financial and technology stocks.
RTTNews | 1h 16phút trước
Hong Kong Bourse May Find Traction On Monday

Hong Kong Bourse May Find Traction On Monday

The Hong Kong stock market has finished lower in back-to-back sessions, dropping more than 660 points or 2.6 percent along the way. The Hang Seng Index now rests just beneath the 25,250-point plateau although it may stop the bleeding on Monday.
RTTNews | 1h 20phút trước
Higher Open Seen For China Stock Market

Higher Open Seen For China Stock Market

The China stock market on Friday ended the two-day winning streak in which it had climbed more than 50 points or 1.2 percent. The Shanghai Composite Index now sits beneath the 3,840-point plateau although it's expected to move back to the upside again on Monday.
RTTNews | 1h 50phút trước
Taiwan Bourse May Reverse Friday's Losses

Taiwan Bourse May Reverse Friday's Losses

The Taiwan stock market on Friday wrote a finish to 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 above the 27,300-point plateau although it figures to rebound again on Monday.
RTTNews | 2h 20phút trước
Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japanese stock market on Friday ended the two-day winning streak in which it had rallied more than 1,425 points or 2.8 percent. The Nikkei 225 now sits just above the 47,580-point plateau although it may bounce higher again on Monday.
RTTNews | 2h 50phút trước