Renewed Consolidation Expected For Japan Stock Market

RTTNews | 11 시간 41 분 전
Renewed Consolidation Expected For Japan Stock Market

(RTTNews) - Ahead of Monday's holiday for the Emperor's birthday, the Japanese stock market had ended the two-day slide in which it had stumbled almost 600 points or 1.7 percent. The Nikkei 225 now rests just above the 38,775-point plateau although it figures to head south again on Tuesday. The global forecast for the Asian markets is negative on growing U.S. tariff concerns. The European and U.S. markets were mostly lower and the Asian markets are also expected to open under pressure. The Nikkei finished modestly higher on Friday following gains from the automobile producers, weakness from the financial shares and a mixed picture from the technology stocks. For the day, the index added 98.90 points or 0.26 percent to finish at 38,776.94 after trading between 38,456.53 and 38,808.81. Among the actives, Nissan Motor skyrocketed 9.47 percent, while Mazda Motor jumped 1.86 percent, Toyota Motor dipped 0.17 percent, Honda Motor advanced 0.99 percent, Softbank Group shed 0.65 percent, Mitsubishi UFJ Financial skidded 1.17 percent, Mizuho Financial tanked 2.48 percent, Sumitomo Mitsui Financial sank 0.82 percent, Sony Group spiked 2.17 percent, Panasonic Holdings strengthened 1.35 percent, Hitachi slumped 2.87 percent and Mitsubishi Electric was unchanged. The lead from Wall Street is soft as the major averages opened higher on Monday but faded quickly and finished mixed.

The Dow added 33.19 points or 0.08 percent to finish at 43,461.21, while the NASDAQ tumbled 237.08 points or 1.21 percent to close at 19,286.93 and the S&P 500 sank 29.88 points or 0.50 percent to end at 5,983.25.

The NASDAQ and the S&P 500 ended the day firmly in the red after President Donald Trump said previously delayed tariffs on Canada and Mexico are "going forward on time." The volatility on Wall Street also came as traders looked ahead to the release of earnings news from Nvidia (NVDA). The AI darling and market leader is scheduled to release its fourth quarter results after the close of trading on Wednesday.

Oil prices climbed higher on Monday as fresh sanctions by the United States on Iran raised the possibility of a drop in global supplies. West Texas Intermediate Crude oil futures for April settled higher by $0.30 at $70.70 a barrel. Closer to home, Japan will see January data for producer prices later this morning, with forecasts suggesting a steady reading of an annual 2.9 percent.

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Bank Of Korea Cuts Policy Rate By 25 Bps

Bank Of Korea Cuts Policy Rate By 25 Bps

The Bank of Korea reduced its benchmark rate by a quarter-point on Tuesday as domestic political unrest and trade policies of the US government weighed on domestic demand and economic growth. The monetary policy board, governed by Rhee Chang Yong, decided to lower the Base Rate by 25 basis points to 2.75 percent. The decision matched expectations.
RTTNews | 5 시간 25 분 전
Sensex, Nifty Modestly Higher In Cautious Trade

Sensex, Nifty Modestly Higher In Cautious Trade

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RTTNews | 6 시간 37 분 전
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street overnight, as traders remain concerned about the lingering US tariff threats and uncertainty about the outlook for global economic growth. US President Donald Trump directed a top government committee to limit Chinese investment in energy, technology, and other vital U.S. industries.
RTTNews | 7 시간 35 분 전
Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintain its early losses in mid-market trading on Tuesday, reversing the slight gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,300 level, with weakness across most sectors led by mining and technology stocks.
RTTNews | 8 시간 18 분 전
Thai Bourse May Open Under Pressure On Tuesday.

Thai Bourse May Open Under Pressure On Tuesday.

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 risen just over 5 points or 0.4 percent. The Stock Exchange of Thailand now sits just above the 1,235-point plateau and it's looking at a lower open again on Tuesday. The global forecast for the Asian markets is negative on growing U.S. tariff concerns. The European and U.S. markets were mostly lower and the Asian markets are also expected to open under pressure. The SET finished modestly lower on Monday as losses from the finance, property, resource, services and technology sectors were mitigated by support from the food, consumer and industrial companies. For the day, the index sank 10.36 points or 0.83 percent to finish at 1,235.85 after trading between 1,227.42 and 1,242.50. Volume was 8.853 billion shares worth 42.248 billion baht. There were 334 decliners and 170 gainers, with 159 stocks finishing unchanged. Among the actives, Thailand Airport plunged 3.45 percent, while Asset World shed 0.64 percent, Bangkok Bank retreated 1.29 percent, Bangkok Dusit Medical gained 0.43 percent, Bangkok Expressway slumped 1.54 percent, B. Grimm improved 0.79 percent, BTS Group declined 1.61 percent, CP All Public lost 0.48 percent, Charoen Pokphand Foods rallied 2.22 percent, Energy Absolute sank 0.73 percent, Gulf tanked 2.83 percent, Kasikornbank dropped 0.94 percent, Krung Thai Bank tumbled 1.67 percent, Krung Thai Card collected 0.49 percent, PTT Oil & Retail surrendered 2.46 percent, PTT Exploration and Production skidded 1.19 percent, PTT Global Chemical climbed 1.09 percent, Siam Commercial Bank fell 0.40 percent, Siam Concrete added 0.35 percent, Thai Oil jumped 1.98 percent, True Corporation plummeted 6.25 percent and TTB Bank, SCG Packaging, Advanced Info, Banpu and PTT were unchanged. The lead from Wall Street is soft as the major averages opened higher on Monday but faded quickly and finished mixed.
RTTNews | 8 시간 56 분 전
Indonesia Stock Market May Give Up Support At 6,700 Points

Indonesia Stock Market May Give Up Support At 6,700 Points

The Indonesia stock market headed south again on Monday, one session after ending the two-day losing streak in which it had given up more than 85 points or 1.2 percent. The Jakarta Composite Index now sits just beneath the 6,750-point plateau and it's looking at a soft start again on Tuesday. The global forecast for the Asian markets is negative on growing U.S. tariff concerns. The European and U.S. markets were mostly lower and the Asian markets are also expected to open under pressure. The JCI finished modestly lower on Monday following losses from the telecoms, financial shares and cement companies, while the resource stocks were mixed. For the day, the index lost 53.40 points or 0.78 percent to finish at 6,749.60 after trading between 6,732.41 and 6,818.79. Among the actives, Bank CIMB Niaga tumbled 1.74 percent, while Bank Mandiri dropped 0.99 percent, Bank Danamon Indonesia skidded 1.19 percent, Bank Negara Indonesia 2.33 percent, Bank Central Asia sank 0.83 percent, Bank Rakyat Indonesia collected 0.77 percent, Indosat Ooredoo Hutchison surrendered 3.18 percent, Indocement stumbled 2.44 percent, Semen Indonesia fell 0.36 percent, Indofood Sukses Makmur rallied 2.60 percent, United Tractors jumped 1.73 percent, Astra International slumped 1.05 percent, Energi Mega Persada plunged 3.81 percent, Aneka Tambang improved 1.23 percent, Jasa Marga retreated 1.44 percent, Vale Indonesia plummeted 3.61 percent, Timah strengthened 1.46 percent, Bumi Resources declined 1.82 percent and Bank Maybank Indonesia and Astra Agro Lestari were unchanged.
RTTNews | 9 시간 26 분 전