Soft Start Anticipated For Hong Kong Stock Market

RTTNews | 985 ngày trước

(RTTNews) - The Hong Kong stock market on Wednesday wrote an emphatic finish to the six-day losing streak in which it had plummeted almost 1,100 points or 5.5 percent. The Hang Seng Index now sits just beneath the 20,620-point plateau although it may head south again on Thursday.

The global forecast for the Asian markets is mixed to lower on concerns about growth and the outlook for interest rates. The European and U.S. markets were mixed to lower and the Asian bourses figure to follow suit.

The Hang Seng finished sharply higher on Wednesday with gains across the board, particularly among the technology and property stocks.

For the day, the index skyrocketed 833.77 points or 4.21 percent to finish at 20,619.71 after trading between 19,849.97 and 20,674.07.

Among the actives, Alibaba Group surged 6.24 percent, while Alibaba Health Info skyrocketed 8.04 percent, ANTA Sports soared 6.09 percent, China Life Insurance spiked 6.02 percent, China Mengniu Dairy rallied 5.22 percent, China Resources Land added 2.59 percent, CITIC and Hang Lung Properties both improved 2.77 percent, CNOOC gained 2.18 percent, Country Garden skyrocketed 8.94 percent, CSPC Pharmaceutical increased 1.78 percent, Galaxy Entertainment jumped 3.16 percent, Henderson Land strengthened 3.09 percent, Hong Kong & China Gas rose 0.41 percent, Industrial and Commercial Bank of China and Haier Smart Home both collected 3.06 percent, JD.com rallied 5.53 percent, Lenovo strengthened 3.98 percent, Li Ning surged 6.74 percent, Meituan jumped 4.92 percent, New World Development climbed 3.28 percent, Techtronic Industries advanced 2.82 percent, Xiaomi Corporation spiked 6.24 percent and WuXi Biologics soared 6.58 percent.

The lead from Wall Street is mostly negative as the major averages opened lower on Wednesday in a volatile session, finally ending mixed.

The Dow rose 5.14 points or 0.02 percent to finish at 32,661.84, while the NASDAQ lost 76.06 points or 0.66 percent to close at 11,379.48 and the S&P 500 sank 18.76 points or 0.47 percent to end at 3,951.39.

The choppy trading on Wall Street followed the release of a report from the Institute for Supply Management on U.S. manufacturing activity in February. While the index improved to 47.7 from 47.4 in January, it remained in contraction.

The report also showed the prices index jumped to 51.3 in February from 44.5 in January, indicating a spike in raw materials prices after four months of decline - which added to recent concerns about inflation and the outlook for interest rates.

Treasury yields jumped following the release of the report, with the 10-year yield reaching its highest levels in over three months.

Crude oil futures settled at near two-week high on Wednesday, boosted by upbeat China factory data that raised the outlook for energy demand. West Texas Intermediate Crude oil futures for April climbed $0.64 or 0.8 percent at $77.69 a barrel.

Closer to home, Hong Kong will provide January data for retail sales later today; in December, sales were up 1.1 percent on year.

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Australian Market Slips To Losses In Mid-market

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RTTNews | 3h 41phút trước

Asian Markets Trade Mixed

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RTTNews | 4h 0phút trước

Sensex, Nifty Seen Opening Higher On Trade Deal Hopes

Indian shares look set to open on a positive note Tuesday after U.S. President Donald Trump indicated he would reduce the tariff rate on Indian goods "at some point," and that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

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Thai Shares Expected To Open To The Upside On Tuesday

The Thai stock market has moved higher in two of three trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,305-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 5h 4phút trước

Rebound Tipped For Indonesia Stock Market

The Indonesia stock market on Monday snapped the three-day winning streak in which it had gained almost 160 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,390-point plateau although it's expected to see renewed support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The JCI finished slightly lower on Monday as losses from the financials and telecoms were mitigated by support from the resource stocks and a mixed picture from the cement companies. For the day, the index eased 3.35 points or 0.04 percent to finish at the daily low of 8,391.24 after peaking at 8,478.15. Among the actives, Bank CIMB Niaga shed 0.57 percent, while Bank Mandiri fell 0.42 percent, Bank Danamon Indonesia collected 0.40 percent, Bank Negara Indonesia tumbled 1.78 percent, Bank Central Asia skidded 1.15 percent, Bank Rakyat Indonesia slumped 1.26 percent, Indosat Ooredoo Hutchison plunged 3.72 percent, Indocement improved 0.78 percent, Semen Indonesia plummeted 4.17 percent, Indofood Sukses Makmur slipped 0.35 percent, United Tractors rallied 1.36 percent, Energi Mega Persada surged 4.60 percent, Astra Agro Lestari dropped 0.96 percent, Aneka Tambang rose 0.34 percent, Vale Indonesia eased 0.22 percent, Timah soared 6.85 percent, Bumi Resources spiked 6.38 percent and Astra International was unchanged. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | 5h 34phút trước

Japanese Market Significantly Higher

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