Australian Market Slightly Lower

RTTNews | 41 days ago

(RTTNews) - Australian stock market is slightly lower in choppy trading on Wednesday, reversing the gains in the previous session, with the benchmark S&P/ASX 200 falling below the 8,000 mark, following the mixed cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in mining stocks. The benchmark S&P/ASX 200 Index is losing 13.90 points or 0.17 percent to 7,998.00, after hitting a low of 8,000.60 and a high of 8,024.50 earlier. The broader All Ordinaries Index is down 8.40 points or 0.10 percent to 8,208.60. Australian stocks ended modestly higher on Tuesday.

Among major miners, BHP Group is gaining almost 1 percent, Rio Tinto is adding more than 1 percent and Fortescue Metals is advancing more than 2 percent. Mineral Resources is skyrocketing more than 17 percent.

Oil stocks are mostly lower. Origin Energy is edging down 0.4 percent, Santos is losing more than 1 percent, Woodside Energy is declining almost 2 percent and Beach energy is down almost 1 percent. In the tech space, Afterpay owner Block is edging up 0.3 percent and Zip is gaining more than 1 percent, while WiseTech Global is edging down 0.4 percent and Xero is declining almost 1 percent. Appen is flat.

Among the big four banks, Commonwealth Bank is losing more than 1 percent, while National Australia Bank, ANZ Banking and Westpac are down almost 1 percent each.

Among gold miners, Evolution Mining and Resolute Mining are advancing more than 2 percent each, while Gold Road Resources is adding almost 3 percent and Newmont is gaining more than 1 percent. Northern Star Resources is losing more than 2 percent.

In the currency market, the Aussie dollar is trading at $0.665 on Wednesday.

On the Wall Street, stocks fluctuated over the course of the trading session on Tuesday but managed to end the day mostly higher. The Nasdaq and the S&P 500 added to the strong gains posted during Monday's session, although the narrower Dow bucked the uptrend.

The Nasdaq and the S&P 500 saw further upside going into the close, reaching new highs for the session. The Nasdaq climbed 141.28 points or 0.8 percent to 17,025.88 and the S&P 500 rose 24.47 points or 0.5 percent to 5,495.52, but the Dow dipped 92.63 points or 0.2 percent to 40,736.96.

Meanwhile, the major European markets all moved to the downside on the day. While the German DAX Index slumped 1.0 percent, the U.K.'s FTSE 100 Index slid by 0.8 percent and the French CAC 40 Index slipped by 0.2 percent.

Crude oil prices slumped on Tuesday, ahead of the inflation data and on concerns over the health of the global economy. West Texas Intermediate crude for October delivery stumbled $2.43 or 3.54 percent to finish at $66.28 per barrel.

Australian Market Sharply Lower

Reversing the gains in the previous session, the Australian stock market is trading sharply lower on Tuesday, 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 energy and technology stocks. Gold miner stocks were the only bright spot.

RTTNews | 4h 6min ago

Indonesia Stock Market Due For Consolidation On Tuesday

The Indonesia stock market has tracked higher in seven straight sessions, climbing more than 285 points or 3.9 percent along the way. The Jakarta Composite Index now rests just above the 7,770-point plateau although investors figure to lock in gains on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead. The JCI finished slightly higher on Monday following mixed performances from the financial shares and resource stocks. For the day, the index added 12.54 points or 0.16 percent to finish at 7,772.60 after trading between 7,739.89 and 7,795.09. Among the actives, Bank CIMB Niaga dipped 0.26 percent, while Bank Mandiri collected 0.35 percent, Bank Danamon Indonesia rose 0.38 percent, Bank Negara Indonesia fell 0.44 percent, Bank Central Asia shed 0.70 percent, Bank Rakyat Indonesia added 0.40 percent, Bank Maybank Indonesia advanced 0.88 percent, Indosat Ooredoo Hutchison improved 0.82 percent, Indocement tumbled 1.92 percent, Semen Indonesia stumbled 2.43 percent, Indofood Sukses Makmur slid 0.34 percent, Astra International soared 3.66 percent, Energi Mega Persada spiked 3.45 percent, Astra Agro Lestari sank 0.74 percent, Aneka Tambang surged 4.00 percent, Vale Indonesia rallied 3.16 percent, Timah jumped 1.87 percent, Bumi Resources dropped 0.72 percent and United Tractors and Jasa Marga were unchanged.

RTTNews | 4h 11min ago

Hong Kong Shares Tipped To Open In The Red

The Hong Kong stock market headed south again on Monday, one session after halting the four-day losing streak in which it had stumbled almost 1,100 points or 5.2 percent. The Hang Seng Index now sits just above the 20,475-point plateau and it's looking at another soft start again on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead.

RTTNews | 4h 26min ago

Soft Start Predicted For China Stock Market

The China stock market has finished higher in back-to-back sessions, gathering almost 100 points or 3 percent along the way. The Shanghai Composite now sits just beneath the 3,270-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead. The SCI finished slightly higher on Monday following mixed performances from the property stocks and resource companies, while the financials and oil companies were down. For the day, the index rose 6.55 points or 0.20 percent to finish at 3,268.11 after trading between 3,239.10 and 3,300.66. The Shenzhen Composite Index jumped 30.10 points or 1.58 percent to end at 1,936.97. Among the actives, Industrial and Commercial Bank of China tanked 2.53 percent, while Bank of China declined 1.98 percent, China Construction Bank dropped 1.93 percent, China Merchants Bank lost 0.51 percent, Agricultural Bank of China stumbled 2.42 percent, China Life Insurance rose 0.21 percent, Jiangxi Copper jumped 1.90 percent, Aluminum Corp of China (Chalco) rallied 2.46 percent, Yankuang Energy strengthened 1.83 percent, PetroChina sank 0.94 percent, China Petroleum and Chemical (Sinopec) fell 0.30 percent, Huaneng Power shed 0.57 percent, China Shenhua Energy retreated 1.57 percent, Gemdale soared 2.43 percent, Poly Developments spiked 2.77 percent and China Vanke tumbled 1.92 percent.

RTTNews | 4h 41min ago

Rally May Stall For Taiwan Stock Market

The Taiwan stock market has climbed higher in three straight sessions, advancing more than 530 points or 2.4 percent along the way. The Taiwan Stock Exchange now rests just above the 23,540-point plateau although it may run out of steam on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead.

RTTNews | 5h 11min ago

Singapore Stock Market May Give Up Support At 3,600 Points

The Singapore stock market on Monday ended the two-day winning streak in which it had advanced almost 50 points or 1.4 percent. The Straits Times Index now sits just shy of the 3,615-point plateau and it may take further damage on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead. The STI finished modestly lower on Monday following losses from the industrials and financials, while the property sector was mixed. For the day, the index sank 25.61 points or 0.70 percent to finish at 3,614.58 after trading between 3,612.02 and 3,640.28. Among the actives, CapitaLand Integrated Commercial Trust slumped 0.94 percent, while CapitaLand Investment shed 0.67 percent, City Developments added 0.76 percent, Comfort DelGro gained 0.69 percent, DBS Group tumbled 1.36 percent, DFI Retail Group urged 2.28 percent, Emperador climbed 1.18 percent, Genting Singapore rose 0.59 percent, Hongkong Land plunged 1.99 percent, Keppel DC REIT jumped 1.33 percent, Keppel Ltd fell 0.31 percent, Mapletree Industrial Trust dropped 0.81 percent, Oversea-Chinese Banking Corporation and Yangzijiang Shipbuilding both sank 0.78 percent, Seatrium Limited lost 0.51 percent, SembCorp Industries slid 0.18 percent, Singapore Technologies Engineering plummeted 2.08 percent, SingTel stumbled 1.23 percent, Thai Beverage advanced 0.93 percent, UOL Group was up 0.18 percent, Wilmar International rallied 1.22 percent and Mapletree Pan Asia Commercial Trust, Mapletree Logistics Trust, SATS and Yangzijiang Financial were unchanged.

RTTNews | 5h 41min ago

Malaysia Bourse May Extend Monday's Losses

The Malaysia stock market on Monday ended the two-day winning streak in which it had picked up almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,645-point plateau and the losses may accelerate on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead. The KLCI finished barely lower on Monday following mixed performances from the financial shares, property stocks, industrials and telecoms. For the day, the index eased 0.31 points or 0.02 percent to finish at 1,645.68 after trading between 1,642.52 and 1,648.05. Among the actives, Celcomdigi slumped 0.83 percent, while CIMB Group collected 0.61 percent, Genting added 0.49 percent, IHH Healthcare perked 0.14 percent, Kuala Lumpur Kepong retreated 0.94 percent, Maxis dropped 0.54 percent, MISC increased 0.52 percent, MRDIY tumbled 1.36 percent, Nestle Malaysia tanked 1.64 percent, Petronas Chemicals jumped 1.07 percent, Petronas Dagangan rallied 2.23 percent, Petronas Gas climbed 0.91 percent, PPB Group improved 0.70 percent, Press Metal advanced 0.83 percent, RHB Bank fell 0.16 percent, Sime Darby sank 0.41 percent, SD Guthrie gained 0.21 percent, Sunway lost 0.22 percent, Telekom Malaysia rose 0.15 percent, Tenaga Nasional shed 0.27 percent, YTL Corporation plummeted 3.03 percent, YTL Power plunged 2.56 percent and Axiata, Public Bank, QL Resources, Genting Malaysia, IOI Corporation and Maybank were unchanged.

RTTNews | 6h 11min ago

South Korea Bourse May Hand Back Monday's Gains

The South Korea stock market on Monday snapped the three-day slide in which it had slumped almost 40 points or 1.6 percent. The KOSPI now sits just above the 2,600-point plateau although it may see renewed selling pressure on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead. The KOSPI finished modestly higher on Monday following gains from the chemical companies and a mixed performance from the financials and technology stocks. For the day, the index added 11.1 points or 0.43 percent to finish at 2,604.92 after trading between 2,594.05 and 2,618.71. Volume was 235.86 million shares worth 7.6 trillion won. There were 434 gainers and 427 decliners. Among the actives, Shinhan Financial retreated 1.24 percent, while KB Financial dropped 0.95 percent, Hana Financial skidded 1.07 percent, Samsung Electronics fell 0.34 percent, Samsung SDI rallied 1.36 percent, LG Electronics dipped 0.10 percent, SK Hynix jumped 1.92 percent, LG Chem added 0.61 percent, Lotte Chemical spiked 2.79 percent, SK Innovation accelerated 2.05 percent, POSCO shed 0.43 percent, SK Telecom perked 0.18 percent, KEPCO advanced 0.95 percent, Hyundai Mobis was down 0.20 percent, Hyundai Motor climbed 1.07 percent, Kia Motors eased 0.11 percent and Naver was unchanged.

RTTNews | 6h 41min ago

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