Swiss Market Ends Marginally Down
(RTTNews) - The Switzerland market ended marginally down on Tuesday despite spending a good part of the day's trading session in positive territory. Investors appeared reluctant to make significant moves ahead of key inflation data from the U.S., and the European Central Bank's monetary policy announcement.
The benchmark SMI ended down 15.93 points or 0.13% at 11,964.71 after scaling a low of 11,914.22 and 12,040.40 intraday.
Swatch Group ended nearly 2% down. Sonova and UBS Group closed lower by 1.56% and 1.39%, respectively. Sandoz Group ended 1.01% down.
Kuehne + Nagel, Novartis, SIG Group, Richemont, Swisscom and Schindler Ps drifted down 0.5 to 0.8%.
ams OSRAM AG shares dropped nearly 7%. Adecco ended nearly 3% down. Ems Chemie Holding, Clariant, Meyer Burger Tech, Tecan Group and Avolta also ended notably lower.
Roche GS, Roche Holdings, Alcon, Logitech International and Geberit gained 0.4 to 0.7%.
Barry Callebaut gained about 1.2%. PSP Swiss Property, VAT Group, Swiss Prime Site and Belimo Holding posted moderate gains.
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Asian Markets Trade Mostly Lower
Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street overnight, as bond yields surged on cooling expectations on US Fed interest rate cuts. Traders also booked some profits after the recent up surge in the markets. The uncertainty over wars in the Middle East and Europe as well as the U.S. presidential election is weighing on market sentiment.
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4h 34min ago
Japanese Market Sharply Lower
The Japanese stock market is sharply lower on Tuesday, adding to the slight losses in the previous session, with the Nikkei 225 falling to stay a tad above the 38,400 level, following the mixed cues from Wall Street overnight, with weakness across most sectors led by index heavyweights and technology stocks.
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5h 7min ago
Sensex, Nifty Seen Lower As Bond Yields Surge
Indian shares are likely to open lower on Tuesday as investors react to weak global cues and an uptrend in oil prices overnight amid heightened tensions in the Middle East.
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5h 8min ago
Thai Stock Market May Take Further Damage On Tuesday
The Thai stock market has tracked lower in two straight sessions, slipping more than 6 points or 0.4 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,490-point plateau and it's looking at another soft start again on Tuesday.
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5h 33min ago
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.
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5h 57min 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.
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6h 3min 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.
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6h 18min 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.
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6h 33min ago
