Australian Market Slightly Lower

RTTNews | 1055天前
Australian Market Slightly Lower

(RTTNews) - The Australian stock market is slightly lower on Friday, giving up some of the gains in the previous two sessions, with the benchmark S&P/ASX 200 staying below the 6,800 level, despite the broadly positive cues overnight from Wall Street, with weakness in materials and energy stocks partially offset by strength in gold miners, technology and financial stocks.

The benchmark S&P/ASX 200 Index is losing 5.40 points or 0.08 percent to 6,788.90, after hitting a low of 6,758.50 earlier. The broader All Ordinaries Index is down 9.00 points or 0.13 percent to 7,009.40. Australian markets ended modestly higher on Thursday.

Among major miners, Rio Tinto is edging down 0.4 percent, BHP Group is down almost 1 percent, OZ Minerals is edging up 0.5 percent, Mineral Resources is declining almost 2 percent and Fortescue Metals is edging down 0.2 percent.

Oil stocks are lower. Origin Energy is losing more than 1 percent and Santos is slipping 2.5 percent, while Beach energy and Woodside Energy are declining almost 2 percent each.

Among tech stocks, WiseTech Global is edging up 0.4 percent, Zip is adding 3.5 percent and Appen is losing more than 1 percent, while Afterpay owner Block is edging down 0.1 percent. Xero is flat. Among the big four banks, National Australia Bank is up almost 1 percent, while ANZ Banking and Westpac are gaining more than 1 percent each. Commonwealth Bank is flat.

Gold miners are higher. Northern Star Resources and Newcrest Mining are gaining almost 2 percent each, while Gold Road Resources is advancing more than 3 percent, Resolute Mining is surging almost 4 percent and Evolution Mining is adding 1.5 percent.

In economic news, the manufacturing sector in Australia continued to expand in July, albeit at a slower pace, the latest survey from S&P Global said on Friday with a manufacturing PMI score of 55.7. That's down from 56.2 in June, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. The survey also showed that the services PMI fell to 50.4 in July from 52.6 in June, while the composite PMI slipped to 50.6 from 52.6 a month earlier.

In the currency market, the Aussie dollar is trading at $0.692 on Friday.

On Wall Street, stocks saw significant volatility over the course of the trading session on Thursday but managed to end the day notably higher. The major averages extended a recent upward trend, reaching their best closing levels in over a month.

The major averages saw further upside going into the close, reaching new highs for the session. The Dow climbed 162.06 points or 0.5 percent to 32,036.90, the Nasdaq surged 161.96 points or 1.4 percent to 12,059.61 and the S&P 500 jumped 39.05 points or 1 percent to 3,998.95.

Meanwhile, the major European markets also finished the day mixed. While the German DAX Index dipped by 0.3 percent, the U.K.'s FTSE 100 Index inched up by 0.1 percent and the French CAC 40 Index rose by 0.3 percent.

Crude oil prices tumbled on Thursday, extending losses from the previous session amid concerns about the outlook for energy demand in the near term due to slowing economic growth and rising interest rates. West Texas Intermediate Crude oil futures for September ended lower by $3.53 or 3.5 percent at $96.35 a barrel.

read more
Higher Open Expected For Hong Kong Shares

Higher Open Expected For Hong Kong Shares

The Hong Kong stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,160-point plateau and it's likely to remain rangebound on Wednesday.
RTTNews | 13分钟前
Australian Market Notably Higher

Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving well above the 8,600 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by energy and technology stocks.
RTTNews | 18分钟前
Taiwan Shares Tipped To Open In The Green On Wednesday

Taiwan Shares Tipped To Open In The Green On Wednesday

The Taiwan stock market has moved higher in back-to-back sessions, accelerating more than 580 points or 2.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,240-point plateau and it has a positive lead again for Wednesday's trade.
RTTNews | 58分钟前
Singapore Shares May Reverse Tuesday's Losses

Singapore Shares May Reverse Tuesday's Losses

The Singapore stock market on Tuesday halted the five-day winning streak in which it had collected more than 40 points or 1 percent. The Straits Times Index now sits just beneath the 3,935-point plateau although it may bounce higher again on Wednesday.
RTTNews | 1小时28分钟前
Malaysia Bourse Likely To Remain Rangebound

Malaysia Bourse Likely To Remain Rangebound

The Malaysia stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,515-point plateau and it's expected to remain in that neighborhood again on Tuesday.
RTTNews | 1小时58分钟前
Japan Shares May See Continued Support On Wednesday

Japan Shares May See Continued Support On Wednesday

The Japan stock market has finished higher in three straight sessions, climbing more than 650 points or 1.9 percent along the way. The Nikkei 225 now sits just above the 38,210-point plateau and it may add to its winnings again on Wednesday.
RTTNews | 2小时13分钟前
KOSPI May Challenge Resistance At 2,900 Points

KOSPI May Challenge Resistance At 2,900 Points

The South Korea stock market has finished higher in five straight sessions, collecting more than 175 points or 6.4 percent along the way. The KOSPI now rests just above the 2,870-point plateau and it's tipped to open in the green again on Wednesday.
RTTNews | 2小时28分钟前