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Losing Streak May Continue For South Korea Shares

The South Korea stock market has finished lower in three straight sessions, sinking almost 50 points or 2.2 percent along the way. The KOSPI now rests just above the 2,350-point plateau and it's predicted to open under pressure again on Tuesday. The global forecast for the Asian markets is mixed to lower on concerns over the health of the global economy and the outlook for interest rates. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead. The KOSPI finished modestly lower on Monday following losses from the automobile producers and oil and chemical companies, while the financials and technology stocks were mixed. For the day, the index shed 7.85 points or 0.33 percent to finish at 2,352.17 after trading between 2,342.28 and 2,358.76. Volume was 312.32 million shares worth 4.85 trillion won. There were 566 decliners and 303 gainers. Among the actives, Shinhan Financial rose 0.13 percent, while KB Financial collected 0.58 percent, Hana Financial shed 0.45 percent, Samsung SDI plummeted 3.00 percent, LG Electronics fell 0.34 percent, SK Hynix gained 0.77 percent, Naver jumped 1.66 percent, LG Chem surrendered 1.86 percent, Lotte Chemical and POSCO both advanced 0.90 percent, S-Oil skidded 1.02 percent, SK Innovation dropped 0.88 percent, SK Telecom eased 0.10 percent, KEPCO retreated 1.62 percent, Hyundai Mobis tumbled 1.69 percent, Hyundai Motor tanked 2.15 percent, Kia Motors plunged 2.65 percent and Samsung Electronics was unchanged.
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TSX Ends Sharply Lower On Economic Concerns

TSX Ends Sharply Lower On Economic Concerns

Canadian stocks tumbled on Monday, extending recent losses, as fears of a global recession amid surging interest rates continued to weigh on sentiment.
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Japan Rate Decision On Tap For Tuesday

Japan Rate Decision On Tap For Tuesday

The Bank of Japan will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate unchanged at -0.10 percent.
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Swiss Market Fails To Hold Early Gains, Ends Flat

Swiss Market Fails To Hold Early Gains, Ends Flat

After a positive start, the Switzerland stock market briefly fell into the red around mid morning on Monday, and despite recovering and holding above the flat line till the end of the session, settled flat as investors refrained from making significant moves.
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European Stocks Close Higher On Bargain Hunting

European Stocks Close Higher On Bargain Hunting

European stocks closed higher on Monday, due largely to bargain hunting at several counters after last week's selloff. Data showing an a significant improvement in German business confidence in December helped a bit in lifting sentiment.
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Canadian Market Moderately Lower At Noon In Cautious Trade

Canadian Market Moderately Lower At Noon In Cautious Trade

After opening slightly up and advancing a bit, the Canadian market slipped into negative territory Monday morning, and is moderately lower around noon, weighed down by losses in healthcare, technology and materials sectors.
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U.S. Housing Market Index Unexpectedly Drops For 12th Straight Month In December

U.S. Housing Market Index Unexpectedly Drops For 12th Straight Month In December

Homebuilder confidence in the U.S. has unexpectedly seen a continued deterioration in the month of December, according to a report released by the National Association of Home Builders on Monday. The report showed the NAHB/Wells Fargo Housing Market Index fell to 31 in December from 33 in November. The decreased surprised economists, who had expected the index to rise to 36.
RTTNews | Před 777 dny

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