Japanese Market Significantly Lower

RTTNews | 969 ngày trước
Japanese Market Significantly Lower

(RTTNews) - The Japanese stock market is significantly lower in choppy trading on Monday, extending the losses in the previous two sessions, with the Nikkei 225 falling below the 27,300 level, following the broadly negative cues from global markets on Friday, as weakness across most sectors, partially offset by gains in financial stocks.

The benchmark Nikkei 225 Index is down 238.35 or 0.88 percent at 27,288.77, after hitting a low of 27,165.78 earlier. Japanese shares ended sharply lower on Friday.

Market heavyweight SoftBank Group is losing almost 1 percent, while Uniqlo operator Fast Retailing is declining almost 3 percent. Among automakers, Honda is losing almost 1 percent and Toyota is declining more than 1 percent.

In the tech space, Screen Holdings is edging down 0.4 percent, while Advantest and Tokyo Electron are losing more than 1 percent each. In the banking sector, Sumitomo Mitsui Financial is gaining more than 1 percent, Mizuho Financial is adding almost 1 percent and Mitsubishi UFJ Financial is advancing almost 2 percent.

The major exporters are mostly lower, with Canon losing more than 1 percent, Panasonic declining almost 2 percent, Sony down almost 1 percent and Mitsubishi Electric edging down 0.4 percent.

Among the other major losers, Mazda is losing almost 2 percent.

Conversely, Hitachi Zosen is gaining almost 4 percent.

In the currency market, the U.S. dollar is trading in the 136 yen-range on Monday.

On Wall Street, stocks showed a significant move to the downside during trading on Friday, extending the sharp pullback seen over the two preceding sessions. With the continued weakness, the major averages fell to their lowest closing levels in over a month.

The major averages regained some ground going into the close but remained firmly negative. The Dow slid 281.76 points or 0.9 percent to 32,920.46, the Nasdaq slumped 105.11 points or 1.0 percent to 10,705.41 and the S&P 500 tumbled 43.39 points or 1.1 percent to 3,852.36.

The major European markets also moved to the downside on the day. While the German DAX Index fell by 0.7 percent, the French CAC 40 Index and the U.K.'s FTSE 100 Index slumped by 1.1 percent and 1.3 percent, respectively.

Crude oil prices fell sharply Friday amid concerns about the outlook for energy demand due to a global economic slowdown. West Texas Intermediate Crude oil futures for January ended down by $1.82 or 2.4 percent at $74.29 a barrel. WTI crude futures gained 4.4 percent in the week.

read more
European Economic News Preview: UK GDP & Foreign Trade Data Due

European Economic News Preview: UK GDP & Foreign Trade Data Due

Monthly GDP estimates and foreign trade from the UK and flash quarterly national accounts and employment from the euro area are due on Thursday. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial output and foreign trade data. The economy is forecast to grow 0.2 percent on a monthly basis in June, reversing a 0.1 percent fall in May.
RTTNews | 1h 52phút trước
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 2h 2phút trước
Sensex, Nifty Marginally Higher Ahead Of US-Russia Talks

Sensex, Nifty Marginally Higher Ahead Of US-Russia Talks

Indian shares were marginally higher in early trade on Thursday, mirroring mostly positive cues from global markets ahead of the August 15 meeting between the U.S. President Donald Trump and his Russian counterpart Vladimir Putin.
RTTNews | 2h 42phút trước
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian market is extending early gains in mid-market moves on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,900 level to fresh all-time highs, with gains in mining, energy and financial stocks.
RTTNews | 3h 31phút trước
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, on continued optimism over the outlook for interest rates, with the US Fed widely expected to lower rates by a least a quarter point next month. Asian markets closed mostly higher on Wednesday.
RTTNews | 4h 3phút trước