Soft Start Anticipated For China Stock Market

RTTNews | 862 ngày trước
Soft Start Anticipated For China Stock Market

(RTTNews) - The China stock market has climbed higher in back-to-back sessions, gathering more than 30 points or 0.9 percent along the way. The Shanghai Composite Index now sits just above the 3,265-point plateau but it's likely to open under pressure on Thursday.

The global forecast for the Asian markets is soft on concerns over the outlook for interest rates. The European markets were up and the U.S. bourses were down and the Asian markets are tipped to follow the latter lead.

The SCI finished modestly higher on Wednesday following gains from the financials, properties and oil companies.

For the day, the index improved 10.10 points or 0.31 percent to finish at 3,265.75 after trading between 3,255.74 and 3,279.39. The Shenzhen Composite Index gained 12.46 points or 0.60 percent to end at 2.098.44.

Among the actives, Industrial and Commercial Bank of China strengthened 1.57 percent, while Bank of China rose 0.29 percent, China Construction Bank improved 1.52 percent, China Merchants Bank collected 0.91 percent, Bank of Communications advanced 0.98 percent, China Life Insurance dropped 0.99 percent, Jiangxi Copper sank 0.94 percent, Aluminum Corp of China (Chalco) plunged 3.25 percent, Yankuang Energy rallied 1.36 percent, PetroChina added 0.35 percent, China Petroleum and Chemical (Sinopec) climbed 1.26 percent, Huaneng Power tumbled 1.84 percent, China Shenhua Energy increased 1.19 percent, Gemdale accelerated 1.39 percent, Poly Developments soared 2.26 percent, China Vanke gained 1.02 percent and China Fortune Land Development and Beijing Capital Development were unchanged.

The lead from Wall Street is broadly negative as the major averages opened flat on Wednesday and stayed that way until the FOMC announcement, which caused them to plummet.

The Dow plunged 530.49 points or 1.63 percent to finish at 32.030.11, while the NASDAQ tumbled 190.15 points or 1.60 percent to close at 11,669.96 and the S&P 500 sank 65.90 points or 1.65 percent to end at 3,936.97.

The late-day sell-off on Wall Street came after the Federal Reserve announced its decision to continue raising interest rates despite recent turmoil in the banking industry.

While the interest rate hike was widely expected, some traders may have been holding out hope the Fed would leave rates unchanged.

The central bank's latest projections suggest the Fed plans to raise rates just one more time this year to a range of 5.0 to 5.25 percent.

Crude oil futures settled higher on Wednesday after data showed that crude inventories rose by 1.117 million barrels last week. West Texas Intermediate Crude oil futures for May settled at $70.90 a barrel, gaining $1.23 or 1.8 percent.

read more
Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintaining its early losses in mid-market moves on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.
RTTNews | 58 phút trước
Asian Markets Mixed Amid Tariff Uncertainty

Asian Markets Mixed Amid Tariff Uncertainty

Asian stock markets are trading mixed on Friday, following the broadly negative cues from Wall Street overnight, as uncertainty over US reciprocal tariffs still lingers with less than a day remaining for the crucial deadline for negotiations to reach a trade deal expires. US President Donald Trump's revised tariffs on several countries lacking deals are set to be fixed between 10 and 41 percent.
RTTNews | 1h 17phút trước
Japanese Market Notably Lower

Japanese Market Notably Lower

Reversing the gains in the previous session, the Japanese market is notably lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 40,700 level, with weakness in financial and technology stocks partially offset by gains in exporters and automaker stocks.
RTTNews | 2h 54phút trước
Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is trading notably lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.
RTTNews | 2h 56phút trước
Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

Despite a decent spell in positive territory till about an hour before noon, the Switzerland market turned weak and kept drifting lower as the session progressed on Thursday to eventually settle with a moderate loss.
RTTNews | 10h 44phút trước
European Stocks Close Mostly Weak As Investors React To Earnings

European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.
RTTNews | 11h 14phút trước