Hong Kong Shares Tipped To Open In The Red

RTTNews | 7h 44min ago

(RTTNews) - The Hong Kong stock market turned lower again on Monday, one session after ending the two-day slide in which it had dropped almost 470 points or 2.1 percent. The Hang Seng Index now sits just above the 23,340-point plateau and it may extend its losses 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 Hang Seng finished modestly lower on Monday as losses from the technology and financial shares were offset by support from the property sector. For the day, the index slumped 136.31 points or 0.58 percent to finish at 23,341.61 after trading between 23,221.57 and 23,688.45. Among the actives, Alibaba Group slumped 2.02 percent, while Alibaba Health Info plunged 5.13 percent, ANTA Sports accelerated 3.84 percent, China Life Insurance rallied 3.82 percent, China Mengniu Dairy soared 4.69 percent, China Resources Land increased 1.80 percent, CITIC perked 0.11 percent, CNOOC tumbled 2.27 percent, CSPC Pharmaceutical gained 1.00 percent, Galaxy Entertainment spiked 4.41 percent, Haier Smart Home strengthened 3.00 percent, Hang Lung Properties improved 2.20 percent, Henderson Land added 1.70 percent, Hong Kong & China Gas rose 0.99 percent, Industrial and Commercial Bank of China sank 0.36 percent, JD.com fell 0.31 percent, Lenovo tanked 4.56 percent, Li Auto stumbled 2.93 percent, Li Ning jumped 3.02 percent, Meituan advanced 2.21 percent, New World Development surged 6.77 percent, Nongfu Spring climbed 2.37 percent, Techtronic Industries retreated 1.55 percent, Xiaomi Corporation dipped 0.19 percent and WuXi Biologics plummeted 9.04 percent. 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, Hong Kong will release January numbers for imports, exports and trade balance later today. In December, imports were down 1.1 percent on month and exports rose 5.2 percent for a trade deficit of HKD34.5 billion.

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 | 5h 38min ago

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 | 6h 21min ago

Sensex, Nifty Set For A Muted Start As Tariff Worries Mount

Indian shares may open on a flat note Tuesday after suffering heavy losses in the previous session.

RTTNews | 6h 30min ago

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 | 6h 59min ago

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 | 7h 29min ago

Japanese Market Significantly Lower

The Japanese stock market is significantly lower in post-holiday trading on Tuesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight, with the Nikkei 225 falling below the 38,400 level, with weakness across most sectors led by index heavyweights and technology stocks.

RTTNews | 7h 33min ago

Australian Market Significantly Lower

The Australian stock market is significantly lower 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 | 7h 54min ago

Lower Open Anticipated For China Stock Market

The China stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had advanced more than 20 points or 0.6 percent. The Shanghai Composite Index now rests just beneath the 3,375-point plateau and the losses may accelerate 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 SCI finished slightly lower on Monday as losses from the financials and oil companies were mitigated by support from the property sector. For the day, the index dipped 6.09 points or 0.18 percent to finish at 3,373.03 after trading between 3,355.87 and 3,384.81. The Shenzhen Composite Index perked 2.65 points or 0.13 percent to end at 2,091.46. Among the actives, Industrial and Commercial Bank of China shed 0.58 percent, while Bank of China dropped 0.92 percent, China Construction Bank lost 0.69 percent, China Merchants Bank fell 0.31 percent, Agricultural Bank of China sank 0.77 percent, China Life Insurance collected 0.63 percent, Ping An dipped 0.19 percent, Jiangxi Copper eased 0.10 percent, Aluminum Corp of China (Chalco) slid 0.13 percent, Yankuang Energy jumped 1.84 percent, PetroChina skidded 1.13 percent, China Petroleum and Chemical (Sinopec) slumped 0.51 percent, Huaneng Power slipped 0.15 percent, China Shenhua Energy climbed 1.07 percent, Gemdale rallied 2.19 percent, Poly Developments spiked 1.83 percent and China Vanke soared 2.62 percent.

RTTNews | 7h 59min ago

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