Thai Shares Expected To Open To The Downside On Tuesday

RTTNews | Před 112 dny

(RTTNews) - The Thai stock market has moved higher in two straight sessions, gathering almost 10 points or 0.7 percent along the way. The Stock Exchange of Thailand now sits just above the 1,450-point plateau and it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, ahead of key economic and earnings data later this week. The European markets were mixed and flat and the U.S. bourses were solidly lower and the Asian markets are tipped to follow the latter lead.

The SET finished modestly higher on Monday following gains from the food, finance, property, service and technology sectors. For the day, the index added 7.95 points or 0.55 percent to finish at 1,452.20 after trading between 1,443.56 and 1,453.70. Volume was 9.027 billion shares worth 49.414 billion baht. There were 326 gainers and 178 decliners, with 162 stocks finishing unchanged. Among the actives, Advanced Info improved 0.75 percent, while Thailand Airport sank 0.39 percent, Asset World slumped 1.08 percent, Banpu rallied 1.47 percent, Bangkok Bank collected 0.66 percent, Bangkok Dusit Medical perked 0.85 percent, Bangkok Expressway picked up 1.23 percent, B. Grimm gained 0.44 percent, BTS Group perked 0.89 percent, CP All Public spiked 1.56 percent, Charoen Pokphand Foods jumped 2.04 percent, Energy Absolute accelerated 2.33 percent, Gulf increased 0.85 percent, Kasikornbank rose 0.33 percent, Krung Thai Card climbed 1.05 percent, PTT Oil & Retail gathered 0.60 percent, PTT Exploration and Production fell 0.37 percent, Siam Commercial Bank added 0.45 percent, Siam Concrete strengthened 1.65 percent, Thai Oil was up 0.98 percent, True Corporation advanced 0.91 percent, TTB Bank plunged 3.09 percent and Krung Thai Bank, PTT Global Chemical, SCG Packaging and PTT were unchanged.

The lead from Wall Street is weak as the major averages opened lower on Monday and only moved lower as the day progressed, ending near session lows.

The Dow tumbled 398.51 points or 0.94 percent to finish at 41,954.24, while the NASDAQ plunged 213.95 points or 1.18 percent to close at 17,923.90 and the S&P 500 sank 55.13 points or 0.96 percent to end at 5,695.94.

The weakness on Wall Street came as traders reassessed their expectations for the outlook on interest rates. After Friday's upbeat jobs data, traders now expect only a quarter-point cut in interest rates at the Federal Reserve's next policy announcement on Nov. 7.

The mood is cautious as investors await readings on consumer price and producer price inflation later in the week, as well as earnings announcements from several top banks.

On the geopolitical front, Israeli defense forces intensified air strikes targeting Gaza and the Lebanese capital of Beirut simultaneously on the first anniversary of Hamas' cross-border attack in Israel, which triggered the Middle East war.

Oil prices rose sharply on Monday amid the rising possibility of disruptions in supply in the Persian Gulf due to escalating tensions in the Middle East. West Texas Intermediate Crude oil futures for November jumped $2.76 or 3.71 percent at $77.14 a barrel, the highest close in nearly eight weeks.

Japanese Market Sharply Lower

The Japanese stock market is trading sharply lower on Tuesday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 falling to remain a tad above the 38,100 level, with weakness across most sectors led by index heavyweights and technology stocks. Financial stocks were the only bright spot.

RTTNews | Před 6 h 11 min

Australian Market Slightly Higher

The Australian stock market is slightly higher on Tuesday after opening in the green and briefly slipping into the red, extending the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is the 8,400 level, with gains in iron ore miners and financial stocks partially offset by losses in gold miners, energy and technology stocks.

RTTNews | Před 6 h 30 min

Lower Open Anticipated For Thai Stock Market

The Thai stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had improved more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,340-point plateau and it's looking at another soft start again on Tuesday. The global forecast for the Asian markets is weak, with oil and technology stocks expected to lead the way lower. The European and U.S. markets were mostly lower and the Asian bourses figure to follow suit. The SET finished modestly lower on Monday as losses from the consumer, property, resource, service and technology sectors were mitigated by support from the food, financial and industrial companies. For the day, the index dropped 13.13 points or 0.97 percent to finish at 1,340.94 after trading between 1,340.54 and 1,354.74. Volume was 6.938 billion shares worth 30.721 billion baht. There were 305 decliners and 174 gainers, with 187 stocks finishing unchanged. Among the actives, Thailand Airport tumbled 1.33 percent, while Asset World retreated 1.28 percent, Banpu added 0.94 percent, Bangkok Bank advanced 0.98 percent, Bangkok Dusit Medical skidded 0.85 percent, Bangkok Expressway spiked 2.26 percent, B. Grimm declined 1.27 percent, BTS Group increased 0.81 percent, CP All Public gained 0.45 percent, Charoen Pokphand Foods soared 3.60 percent, Energy Absolute skyrocketed 12.93 percent, Gulf stumbled 1.65 percent, Kasikornbank collected 0.32 percent, Krung Thai Bank rallied 2.21 percent, Krung Thai Card shed 0.49 percent, PTT Oil & Retail sank 0.86 percent, PTT Exploration and Production lost 0.82 percent, PTT Global Chemical dropped 0.89 percent, Siam Commercial Bank improved 0.81 percent, Siam Concrete slumped 0.96 percent, TTB Bank climbed 1.07 percent and SCG Packaging, Advanced Info, True Corporation, PTT and Thai Oil were unchanged.

RTTNews | Před 6 h 34 min

Win Streak May End For Hong Kong Stock Market

The Hong Kong stock market has moved higher in two straight sessions, advancing almost 500 points or 2.5 percent along the way. The Hang Seng now sits just beneath the 20,200-point plateau although it may run out of steam on Tuesday. The global forecast for the Asian markets is weak, with oil and technology stocks expected to lead the way lower. The European and U.S. markets were mostly lower and the Asian bourses figure to follow suit. The Hang Seng finished modestly higher on Monday following gains from the financial shares, property stocks and technology companies. For the day, the index improved 131.58 points or 0.66 percent to finish at 20,197.77 after trading between 20,118.02 and 20,296.94. Among the actives, Alibaba Group and ENN Energy Holdings both soared 2.95 percent, while Alibaba Health Info advanced 1.17 percent, ANTA Sports gained 0.80 percent, China Life Insurance collected 0.41 percent, China Mengniu Dairy picked up 0.39 percent, China Resources Land rallied 1.72 percent, CITIC sank 0.45 percent, CNOOC climbed 1.19 percent, CSPC Pharmaceutical strengthened 1.58 percent, Galaxy Entertainment surged 3.31 percent, Haier Smart Home spiked 2.16 percent, Hang Lung Properties skyrocketed 4.37 percent, Henderson Land perked 0.23 percent, Hong Kong & China Gas improved 1.35 percent, Industrial and Commercial Bank of China jumped 1.71 percent, JD.com added 1.03 percent, Lenovo was up 0.21 percent, Li Auto accelerated 2.56 percent, Li Ning lost 0.25 percent, Meituan eased 0.20 percent, New World Development gathered 0.48 percent, Nongfu Spring oved up 0.14 percent, Techtronic Industries tumbled 1.42 percent, Xiaomi Corporation rose 0.68 percent and WuXi Biologics increased 1.21 percent.

RTTNews | Před 7 h 4 min

Singapore Shares Likely To Open In The Red On Tuesday

The Singapore stock market has moved lower in consecutive trading days, easing almost 10 points or 0.3 percent in that span. The Straits Times Index now sits just beneath the 3,800-point plateau and it's expected to extend its losses again on Tuesday. The global forecast for the Asian markets is weak, with oil and technology stocks expected to lead the way lower. The European and U.S. markets were mostly lower and the Asian bourses figure to follow suit. The STI finished modestly lower on Monday following losses from the trusts, gains from the banks and mixed performances from the properties and industrials. For the day, the index lost 7.55 points or 0.20 percent to finish at 3,796.71 after trading between 3,790.75 and 3,806.06. Among the actives, CapitaLand Integrated Commercial Trust retreated 1.03 percent, while City Developments sank 0.40 percent, DBS Group collected 0.21 percent, DFI Retail added 0.44 percent, Genting Singapore tumbled 1.34 percent, Hongkong Land rallied 1.41 percent, Keppel DC REIT plummeted 7.93 percent, Keppel Ltd slumped 0.73 percent, Mapletree Industrial Trust plunged 2.73 percent, Oversea-Chinese Banking Corporation perked 0.12 percent, SATS dropped 0.58 percent, Seatrium Limited tanked 1.77 percent, SembCorp Industries lost 0.36 percent, Singapore Technologies Engineering jumped 1.46 percent, Thai Beverage declined 0.93 percent, Wilmar International skidded 0.65 percent, Yangzijiang Financial climbed 1.11 percent, Yangzijiang Shipbuilding strengthened 1.34 percent and Mapletree Pan Asia Commercial Trust, CapitaLand Investment, SingTel, Emperador, Mapletree Logistics Trust and Comfort DelGro were unchanged. The lead from Wall Street is pretty awful as the major averages opened under water on Monday. The Dow managed to climb into positive territory, but the NASDAQ and S&P 500 finished with heavy losses.

RTTNews | Před 7 h 34 min

Soft Start Anticipated For Malaysia Stock Market

The Malaysia stock market has moved lower in three straight sessions, shedding almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,560-point plateau and it's expected to open under pressure again on Tuesday.

RTTNews | Před 8 h 4 min

TSX Snaps 9-day Winning Streak, Settles Moderately Lower

After nine successive days of gains, the Canadian market turned weak on Monday, as stocks, particularly in the technology sector, tumbled on sustained selling pressure. Energy and materials stocks fell on weak commodity prices.

RTTNews | Před 8 h 28 min

Japan Stock Market May Extend Losing Streak

The Japanese stock market has finished lower in back-to-back sessions, sinking almost 400 points or 1 percent in that span. The Nikkei 225 now rests just above the 39,560-point plateau and it may take further damage again on Tuesday. The global forecast for the Asian markets is weak, with oil and technology stocks expected to lead the way lower. The European and U.S. markets were mostly lower and the Asian bourses figure to follow suit. The Nikkei finished modestly lower on Monday following losses from the technology stocks, gains from the automobile producers and a mixed performance from the financial sector. For the day, the index slumped 366.18 points or 0.92 percent to finish at 39,565.80 after trading between 39,520.79 and 40,255.68. Among the actives, Nissan Motor perked 0.26 percent, while Mazda Motor spiked 2.09 percent, Toyota Motor accelerated 1.37 percent, Honda Motor climbed 1.05 percent, Softbank Group plummeted 8.32 percent, Mitsubishi UFJ Financial collected 0.73 percent, Mizuho Financial jumped 1.58 percent, Sumitomo Mitsui Financial rallied 1.55 percent, Mitsubishi Electric slumped 1.22 percent, Sony Group rose 0.31 percent, Panasonic Holdings fell 0.36 percent and Hitachi stumbled 3.82 percent.

RTTNews | Před 8 h 34 min

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