South Korea Shares Due For Support On Wednesday

RTTNews | 10h 36min ago
South Korea Shares Due For Support On Wednesday

(RTTNews) - The South Korea stock market has finished lower in three straight sessions, easing almost 10 points or 0.4 percent along the way. The KOSPI now rests just beneath the 2,520-point plateau although it may stop the bleeding on Wednesday.

The global forecast for the Asian markets is positive on renewed optimism about the outlook for interest rates. The European and U.S. markets were up and the Asian bourses are expected to follow that lead.

The KOSPI finished barely lower on Tuesday following mixed performances from the financial shares, technology stocks and industrial issues.

For the day, the index eased 2.02 points or 0.08 percent to finish at 2,518.03 after trading between 2,507.95 and 2,548.44. Volume was 565.7 million shares worth 9.2 trillion won. There were 485 decliners and 386 gainers. Among the actives, Shinhan Financial shed 0.40 percent, while KB Financial collected 0.11 percent, Hana Financial strengthened 1.40 percent, Samsung Electronics perked 0.19 percent, Samsung SDI stumbled 3.90 percent, LG Electronics rose 0.24 percent, SK Hynix spiked 2.83 percent, Naver dipped 0.24 percent, LG Chem plunged 4.75 percent, Lotte Chemical added 0.69 percent, SK Innovation tanked 3.71 percent, POSCO plunged 4.80 percent, SK Telecom dropped 0.90 percent, KEPCO rallied 2.17 percent, Hyundai Mobis accelerated 2.46 percent, Hyundai Motor sank 0.96 percent and Kia Motors was unchanged.

The lead from Wall Street is upbeat as the major averages opened higher on Tuesday and mostly stayed that way throughout the trading day.

The Dow soared 537.98 points or 1.24 percent to finish at 44,025.81, while the NASDAQ rallied 126.58 points or 0.64 percent to close at 19,756.78 and the S&P 500 gained 52.58 points or 0.88 percent to end at 6,049.24.

U.S. stocks were firmly in positive territory, with investors assessing the possible impact of the Trump administration's economic policies and likely tariff proposals.

Optimism about some interest rate cuts by the Federal Reserve this year, and a drop in treasury yields also contributed to market's upside.

The recent retreat by treasury yields came as the U.S. inflation data released over the past few days led to renewed optimism about the outlook for interest rates.

Oil prices tumbled on Tuesday, weighed down by Trump's plans to boost oil and gas production in the U.S. West Texas Intermediate Crude oil futures for February closed down $1.99 or 2.56 percent at $75.89 a barrel.

read more
Sensex, Nifty Rebound In Cautious Trade

Sensex, Nifty Rebound In Cautious Trade

Indian shares eked out modest gains in cautious trade on Wednesday after suffering heavy losses in the previous session on concerns over Trump's tariff stance, weak corporate earnings and continues foreign fund outflows.
RTTNews | 5h 13min ago
Asian Markets Track Global Markets Higher

Asian Markets Track Global Markets Higher

Asian stock markets are trading mostly higher on Wednesday, following the positive cues from global markets overnight, as optimism about a few interest rate cuts by the US Fed this year, and a drop in global bond yields. Markets in China and Hong Kong were down as the US administration was discussing a 10 tariff against China and said tariffs on China could hinge on a deal over TikTok's ownership.
RTTNews | 6h 31min ago
Australian Market Trims Gains In Mid-market

Australian Market Trims Gains In Mid-market

The Australian stock market is trimming its gains in mid-market trading on Wednesday, but extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving well above the 8,400 level, following the broadly positive cues from global markets overnight, with gains in financial and technology stocks.
RTTNews | 7h 0min ago
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Wednesday, extending the gains in the previous two sessions, following the broadly positive cues from global markets overnight. The Nikkei 225 is moving a tad above the 39,600 level, with gains in index heavyweights, exporters and technology stocks.
RTTNews | 7h 25min ago
Thai Shares Expected To Open To The Upside On Wednesday

Thai Shares Expected To Open To The Upside On Wednesday

The Thai stock market on Tuesday halted the three-day slide in which it had slipped slipping more than a dozen points or 0.8 percent. The Stock Exchange of Thailand now sits just above the 1,350-point plateau and it may open in the green again on Wednesday.
RTTNews | 7h 42min ago
Australian Market Notably Higher

Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving well above the 8,400 level, following the broadly positive cues from global markets overnight, with gains in gold miners, financial and technology stocks.
RTTNews | 8h 8min ago
Indonesia Bourse May Reclaim Support At 7,200 Points

Indonesia Bourse May Reclaim Support At 7,200 Points

The Indonesia stock market has climbed higher in five straight sessions, advancing more than 220 points or 3 percent along the way. The Jakarta Composite Index now sits just above the 7,180-point plateau and it's likely to see additional support on Wednesday. The global forecast for the Asian markets is positive on renewed optimism about the outlook for interest rates. The European and U.S. markets were up and the Asian bourses are expected to follow that lead.
RTTNews | 8h 12min ago