Sensex, Nifty Extend Losses For Fifth Day On Trade War Fears

RTTNews | 195 ngày trước

(RTTNews) - Indian shares tumbled on Tuesday after U.S. President Donald Trump imposed 25 percent tariffs on all U.S. imports of steel and aluminum, stoking fears of a trade war and potential inflation.

Concerns over ongoing foreign fund outflows, signs of slowing corporate earnings growth and geopolitical tensions involving Israel and Hamas also weighed on markets.

There is a lot of uncertainty over the U.S. trade war after retaliatory Chinese duties on U.S. energy and some goods came into effect on Monday.

Trump is expected to announce reciprocal tariffs on Tuesday or Wednesday in his ongoing effort to overhaul the U.S. trading relationship with the rest of the world. Higher oil prices also weighed on market after Trump told Hamas to free all Israeli captives by noon Saturday or he would propose cancelling the Israel-Hamas ceasefire and letting "all hell break loose".

The benchmark S&P/BSE Sensex hit an intraday low of 76,030.59 before recovering some ground to end the session down 1,018.20 points, or 1.32 percent, at 76,293.60.

The broader NSE Nifty index closed down 309.80 points, or 1.32 percent, at 23,071.80, after having hit a low of 22,986.65 earlier.

The BSE mid-cap and small-cap indexes fell 2.9 percent and 3.4 percent, respectively. The market breadth was extremely negative, with 3,475 shares declining while 527 shares advanced and 95 shares ended unchanged.

Among the prominent decliners, BEL, Coal India, Shriram Finance, Apollo Hospitals Enterprise and Eicher Motors plummeted 3-7 percent.

The rupee rallied the most in nearly two years, closing 0.7 percent higher at 86.8275 against the dollar, possibly due to an intervention by the Reserve Bank of India (RBI).

Despite today's rebound, the rupee remains Asia's worst-performing currency this year, with nearly $9 billion in outflows from Indian equities.

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 | 14 phút trước

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 | 44 phút trước

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 | 1h 14phút trước

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 | 1h 44phút trước

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 | 1h 59phút trước

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 | 2h 14phút trước

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 | 3h 14phút trước

U.S. Dollar Climbs Against Majors

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

RTTNews | 4h 26phút trước

EURUSD	1.1641	GBPUSD	1.34712	AUDUSD	0.64879
USDJPY	147.277	USDCAD	1.38499	USDCHF	0.80418