Australian Market Slightly Lower

RTTNews | 783天前

(RTTNews) - The Australian stock market is slightly lower on Wednesday, giving up some of the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying just below the 7,300 level, following the lack of cues from Wall Street overnight, with losses in gold miners and financial stocks.

The benchmark S&P/ASX 200 Index is losing 12.40 points or 0.17 percent to 7,266.60, after hitting a low of 7,259.80 earlier. The broader All Ordinaries Index is down 12.80 points or 0.17 percent to 7,466.10. Australian stocks ended notably higher on Tuesday.

Among major miners, Mineral Resources, Rio Tinto and Fortescue Metals are edging up 0.1 to 0.5 percent each, while BHP Group is edging down 0.2 percent.

Oil stocks are mostly lower. Woodside Energy is losing almost 1 percent, while Origin Energy and Santos are edging down 0.2 to 0.4 percent each. Beach energy is edging up 0.5 percent.

In the tech space, Afterpay owner Block and Xero are edging down 0.2 to 0.5 percent each, while WiseTech Global is losing more than 1 percent. Appen is advancing almost 1 percent and Zip is adding more than 1 percent. Among the big four banks, ANZ Banking and Commonwealth Bank are losing almost 1 percent each, while National Australia Bank and Westpac are edging down 0.5 percent each.

Among gold miners, Gold Road Resources is losing more than 1 percent, Newcrest Mining is edging down 0.5 percent and Resolute Mining is down almost 1 percent, while Northern Star Resources is edging up 0.1 percent and Evolution Mining is gaining almost 1 percent.

In economic news, the services sector in Australia continued to expand in June, albeit at a slower pace, the latest survey from Judo Bank revealed on Wednesday with a services PMI score of 50.3. That's down from 52.1 in May, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. The survey also showed that the composite index slipped to 50.1 in June from 51.6 in May.

In the currency market, the Aussie dollar is trading at $0.669 on Wednesday.

The Wall Street was closed on account of Independence Day holiday on Tuesday. The shares closed slightly higher on Monday.

The major European markets moved to the downside on the day. The U.K.'s FTSE 100 ended 0.1 percent down, Germany's DAX drifted down 0.26 percent and France's CAC 40 ended lower by 0.23 percent.

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 | 11分钟前

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 | 42分钟前

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 | 57分钟前

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 | 1小时12分钟前