Asian Shares Mixed As Investors Await Fed Decision

RTTNews | 5天前

(RTTNews) - Asian stocks ended mixed on Wednesday ahead of the Federal Reserve interest-rate decision later in the day, with a 25-bps rate cut already priced in.

China's Shanghai Composite index rose 0.37 percent to 3,876.34 as the United States and China reached a framework agreement to switch short-video app TikTok to U.S.-controlled ownership.

U.S. President Donald Trump said he would speak to Chinese President Xi Jinping on Friday to confirm the details of the agreement.

Hong Kong's Hang Seng index surged 1.78 percent to 26,908.39, with tech stocks rallying on optimism over artificial intelligence fueled demand.

Japanese markets ended slightly lower as the yen held close to its highest level since July 24 amid divergent BoJ-Fed policy expectations.

A government report released earlier today showed that Japan's trade deficit widened sharply from ¥118.4 billion to ¥242.5 billion in August.

Japanese 20-year bond yields fell after an auction of that tenor drew the strongest demand since 2020.

The Bank of Japan meets on Friday to decide on interest rates but no change in policy is expected due to uncertainties over the domestic political situation and the effects of U.S. tariffs.

The Nikkei average ended 0.25 percent lower at 44,790.38, slipping from a record high reached in the previous session. The broader Topix index fell 0.71 percent to 3,145.83.

Seoul stocks fell sharply as investors locked in profits from recent sharp gains. The Kospi average tumbled 1.05 percent to 3,413.40, snapping an 11-session winning streak, led by losses in chipmakers.

Australian markets ended notably lower as falling iron ore and gold prices weighed on the mining sector.

The benchmark S&P/ASX 200 dropped 0.67 percent to 8,818.50 ahead of upcoming August employment data. The broader All Ordinaries index closed 0.62 percent lower at 9,094.90.

Coal miner Whitehaven Coal rallied 5.2 percent and Yancoal Australia climbed 2.4 percent after BHP said it would suspend operations and cut 750 jobs at a Queensland coking coal mine it shares with a unit of Mitsubishi.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index finished marginally lower at 13,228.38, trimming early losses.

The U.S. dollar tumbled, reaching a four-year low against the euro ahead of the Fed decision. Oil edged lower after rallying for three days.

Gold was down about half a percent after climbing past $3,700 an ounce levels for the first time on Tuesday.

U.S. stocks slipped overnight as a two-day meeting of the Federal Reserve got underway.

Investors ignored data that showed U.S. factory production unexpectedly increased in August and retail sales rose at a brisk pace for the third month in a row.

The Dow dipped 0.3 percent, the tech-heavy Nasdaq Composite finished marginally lower and the S&P 500 slid 0.1 percent.

European Shares Seen Flat To Higher At Open

European stocks are seen opening broadly higher on Tuesday, even as the upside may remain capped amid ongoing volatility in the bond markets due to political uncertainty in France and Germany's plans to ramp up debt issuance.

RTTNews | 3小时2分钟前

European Economic News Preview: Eurozone Flash PMI Data Due

Flash composite purchasing managers' survey results from the euro area and the UK are the top economic news due on Tuesday. At 3.15 am ET, France's flash composite PMI survey results are due. The composite output index is forecast to edge up to 49.9 in September from 49.8 in the previous month.

RTTNews | 3小时17分钟前

Sensex, Nifty Extend Losses In Cautious Trade

Indian shares were a tad lower on Tuesday, with tariff worries and escalating tensions in Europe and the Middle East keeping investors on edge.

RTTNews | 3小时57分钟前

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level, with gains across most sectors led by mining and technology shares.

RTTNews | 5小时6分钟前

Asian Markets Mixed Amid Cautious Trades

Asian markets are trading mixed on Tuesday, following the positive cues from Wall Street overnight, as traders remain optimistic about the outlook for the markets amid expectations of further interest rate cuts by the US Fed. Some traders are also looking to cash in on the recent strength in the markets. However, escalating tensions in Europe and the Middle East are weighing on market sentiment.

RTTNews | 5小时30分钟前

Sensex, Nifty Seen Lower At Open

Indian shares look set to open on a weak note on Tuesday as investors keep a close eye on ongoing trade talks with the U.S. as well as escalating tensions in Europe and the Middle East, with EU targeting Russian supplies and Ukraine intensifying its attacks on Russian energy infrastructure.

RTTNews | 6小时2分钟前

Higher Open Called For Thai Stock Market

The Thai stock market has moved lower in four straight sessions, shedding more than 25 points or 1.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,280-point plateau although it's due for support on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The SET finished modestly lower on Monday following losses from the food, finance, industrial, property, resource, service and technology sectors. For the day, the index lost 10.18 points or 0.79 percent to finish at the daily low of 1,282.54 after peaking at 1,296.42. Volume was 8.171 billion shares worth 31.595 billion baht. There were 356 decliners and 128 gainers, with 167 stocks finishing unchanged. Among the actives, Advanced Info lost 0.68 percent, while Thailand Airport crashed 0.64 percent, Asset World sank 0.83 percent, Banpu plunged 2.48 percent, Bangkok Bank collected 0.68 percent, Bangkok Expressway eased 0.97 percent, BTS Group gave up 1.24 percent, CP All Public dipped 0.52 percent, Charoen Pokphand Foods dropped 0.86 percent, Energy Absolute declined 1.64 percent, Gulf weakened 1.63 percent, Kasikornbank and PTT Global Chemical both slumped 0.91 percent, Krung Thai Bank skidded 0.99 percent, Krung Thai Card retreated 1.64 percent, PTT Oil & Retail fell 0.72 percent, PTT slid 0.75 percent, PTT Exploration and Production was down 0.87 percent, SCG Packaging tanked 2.69 percent, Siam Commercial Bank added 0.40 percent, Siam Concrete tumbled 1.77 percent, Thai Oil plummeted 2.70 percent, True Corporation contracted 0.93 percent, TTB Bank shed 0.53 percent and B. Grimm and Bangkok Dusit Medical were unchanged.

RTTNews | 6小时32分钟前

Indonesia Bourse Likely To Remain Rangebound

The Indonesia stock market has finished lower in two of three trading days since the end of the seven-day winning streak in which it had surged almost 400 points or 5 percent. The Jakarta Composite Index sits just above the 8,040-point plateau and it figures to hold steady in that neighborhood again on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The JCI finished slightly lower on Monday as losses from the financial shares and telecoms were mitigated by support from the resource and cement companies. For the day, the index dipped 11.08 points or 0.14 percent to finish at 8,040.04 after trading between 8,005.35 and 8,087.93. Among the actives, Bank CIMB Niaga fell 0.29 percent, while Bank Mandiri advanced 0.91 percent, Bank Danamon Indonesia collected 0.85 percent, Bank Negara Indonesia retreated 1.41 percent, Bank Central Asia and Astra Agro Lestari both dropped 0.96 percent, Bank Rakyat Indonesia tanked 2.12 percent, Indosat Ooredoo Hutchison retreated 1.59 percent, Indocement improved 0.72 percent, Semen Indonesia strengthened 1.39 percent, Indofood Sukses Makmur rose 0.32 percent, Astra International shed 0.44 percent, Energi Mega Persada surged 7.14 percent, Aneka Tambang rallied 3.77 percent, Vale Indonesia soared 3.71 percent, Timah spiked 5.00 percent, Bumi Resources skyrocketed 6.14 percent and United Tractors was unchanged.

RTTNews | 7小时2分钟前

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