Asian Stocks Retreat Amidst Renewed Fed Fears

RTTNews | Pred 955 dňami

(RTTNews) - Asian stocks finished mostly lower, tracking Wall Street's losses on Thursday amidst fresh concerns over a hawkish interest rate decision by the Fed in its review next week. Retail Sales in the U.S. grew 0.3 percent in August versus a 0.4 percent decline in July and expectations of a flat reading. The losses are despite an unexpected jump in China's industrial output.

China's Shanghai Composite Index dropped 74 points or 2.30 percent to finish at 3,126.40. The day's trading ranged between 3,126.40 and 3,191.83. The Shenzhen Component Index also lost 2.3 percent to close at 11,261.50.

The Japanese benchmark Nikkei 225 shed 308 points or 1.11 percent to end trading at 27,567.65. The day's trading range was between 27,525.68 and 27,654.99.

Fukuoka Financial Group was the biggest gainer with a 4.3 percent uptick. Resona Holdings, and Shizuoka Bank, both added more than 3 percent. Chiba Bank as well as Kansai Electric Power Co also gained more than 2 percent.

Kawasaki Kisen Kaisha is the biggest loser with a decline of more than 5 percent. Nippon Express Co, Trend Micro, Tokyo Electron, and IHI Corp have all declined more than 4 percent.

The Hang Seng Index of the Hong Kong Stock Exchange shed 169 points or 0.89 percent from the previous close to finish trading at 18,761.69. The day's trading range was between a high of 18,905.28 and a low of 18,678.22.

Korean Stock Exchange's Kospi Index shed 19 points or 0.80 percent to close trading at 2,382.78. The day's trading range was between 2,371.11 and 2,395.10.

Australia's S&P/ASX200 closed trading at 6,739.10 after losing 104 points or 1.52 percent. The day's trading was between 6,736.30 and 6,842.90.

Star Entertainment Group topped the gainers charts with a 5.1 percent rally. Computershare and gambling business Tabcorp Holdings, both gained more than 4 percent. Platinum Asset Management strengthened 3.64 percent, followed by Reliance Worldwide Corporation that added 2.51 percent.

Resolute Mining plunged more than 15 percent. Atlas Arteria dropped close to 10 percent. Gold Road Resources and St Barbara declined more than 8 percent whereas Silver Lake Resources declined more than 6 percent.

The NZX50 of the New Zealand Stock Exchange shed 78 points or 0.67 percent to close at 11,580.46. Trading ranged between 11,580.46 and 11,667.28.

Air New Zealand is the top gainer with a 3.7 percent overnight rally. EROAD and KMD Brands have also rallied more than 3 percent. Stride Property and Sanford follow with gains in excess of 2 percent.

Restaurant Brands New Zealand declined as much as 6 percent in the day's trading. Mainfreight followed with losses of more than 3 percent. Medical instruments business Fisher & Paykel Healthcare, NZX and Sky Network Television have all declined more than 2 percent. The Wall Street had closed with losses on Thursday amidst the strong retail sales numbers. Markets perceive the unexpected 0.3 percent growth in Retail Sales versus the 0.4 percent decline in the previous month, as increasing the headroom available for Fed to step up its fight against inflation. Nasdaq Composite dropped 1.43 percent to close at 11,552.36 and the Dow Jones Industrial Average shed 0.56 percent to end at 30,961.82.

Australian Market Strongly Adds To Early Gains In Mid-market

The Australian stock market is strongly extending its early modest gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,000 mark, with gains across most sectors led by iron ore miners, technology and energy stocks.

RTTNews | Pred 18 minútami

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, as traders remain optimistic and keep a close eye on developments on the tariff front, with US Treasury Secretary Scott Bessent reportedly said he believes an agreement in principle can reached on "17 or 18 important trade deals" the administration is currently negotiating.

RTTNews | Pred 42 minútami

Sensex, Nifty Likely To See Muted Start

Indian shares may open on a flat note Tuesday as investors react to macroeconomic data as well as reports suggesting that U.S. President Donald Trump may consider giving automakers a break on some of his tariffs.

RTTNews | Pred 1 h 8 min

Thai Stock Market Has Flat Lead

The Thai stock market has moved higher in two straight sessions, gathering more than a dozen points or 1 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,160-point plateau and it's expected to be rangebound again on Tuesday. The global forecast for the Asian markets is mixed with a touch of upside amidst a lack of catalysts. The European markets were up slightly and the U.S. bourses were mixed and little changed and the Asian markets figure to split the difference. The SET finished barely higher on Monday as gains from the food, finance, resource and technology stocks were capped by weakness from the consumer, industrial, property and service sectors. For the day, the index rose 0.53 points or 0.05 percent to finish at 1,159.53 after trading between 1,156.63 and 1,166.32. Volume was 5.368 billion shares worth 28.497 billion baht. There were 250 decliners and 216 gainers, with 188 stocks finishing unchanged. Among the actives, Advanced Info added 0.36 percent, while Thailand Airport retreated 0.68 percent, Asset World sank 0.90 percent, Banpu gained 0.47 percent, Bangkok Bank collected 0.74 percent, Bangkok Dusit Medical tumbled 1.70 percent, Bangkok Expressway picked up 0.84 percent, B. Grimm strengthened 0.89 percent, BTS Group declined 0.81 percent, CP All Public lost 0.50 percent, Charoen Pokphand Foods advanced 0.97 percent, Energy Absolute slumped 0.91 percent, Gulf gathered 0.55 percent, Kasikornbank rose 0.32 percent, Krung Thai Bank climbed 0.96 percent, PTT Oil & Retail surged 4.58 percent, PTT rallied 0.82 percent, PTT Exploration and Production was up 0.50 percent, PTT Global Chemical stumbled 2.82 percent, SCG Packaging tanked 2.21 percent, Siam Commercial Bank improved 0.86 percent, Siam Concrete dropped 0.99 percent, True Corporation shed 0.84 percent, TTB Bank increased 1.13 percent and Krung Thai Card and Thai Oil were unchanged.

RTTNews | Pred 2 h 23 min

Indonesia Shares Tipped To Open In The Red

The Indonesia stock market has moved higher in back-to-back sessions, advancing almost 110 points or 1.8 percent along the way. The Jakarta Composite Index now rests just above the 6,720-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is mixed with a touch of upside amidst a lack of catalysts. The European markets were up slightly and the U.S. bourses were mixed and little changed and the Asian markets figure to split the difference. The JCI finished modestly higher on Monday following gains from the financial shares and mixed performances from the cement companies and resource stocks. For the day, the index added 44.05 points or 0.66 percent to finish at 6,722.97 after trading between 6,688.78 and 6,736.86. Among the actives, Bank CIMB Niaga fell 0.29 percent, while Bank Mandiri collected 0.41 percent, Bank Danamon Indonesia improved 0.83 percent, Bank Negara Indonesia dipped 0.24 percent, Bank Central Asia spiked 2.03 percent, Bank Rakyat Indonesia accelerated 2.67 percent, Indosat Ooredoo Hutchison rose 0.27 percent, Semen Indonesia skidded 1.15 percent, Indofood Sukses Makmur shed 0.67 percent, United Tractors dropped 0.87 percent, Astra International added 0.62 percent, Energi Mega Persada rallied 1.59 percent, Astra Agro Lestari jumped 1.71 percent, Aneka Tambang shed 0.47 percent, Timah soared 3.52 percent, Bumi Resources tumbled 1.87 percent and Vale Indonesia and Indocement were unchanged.

RTTNews | Pred 2 h 24 min

Steady Start Tipped For Hong Kong Stock Market

The Hong Kong stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had jumped more than 1,000 points or 4.5 percent. The Hang Seng Index now sits just above the 21,970-point plateau and it may tick slightly higher on Tuesday. The global forecast for the Asian markets is mixed with a touch of upside amidst a lack of catalysts. The European markets were up slightly and the U.S. bourses were mixed and little changed and the Asian markets figure to split the difference.

RTTNews | Pred 2 h 25 min

China Shares Likely To Remain Rangebound

The China stock market has finished lower in two straight sessions, sliding more than 10 points or 0.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,290-point plateau and it's likely to hold steady in that neighborhood again on Tuesday. The global forecast for the Asian markets is mixed with a touch of upside amidst a lack of catalysts. The European markets were up slightly and the U.S. bourses were mixed and little changed and the Asian markets figure to split the difference.

RTTNews | Pred 2 h 26 min

Rally May Stall For Taiwan Stock Market

The Taiwan stock market has finished higher in two straight trading days, gathering more than 550 points or 2.7 percent in that span. The Taiwan Stock Exchange now sits just above the 20,030-point plateau although it may spin its wheels on Tuesday. The global forecast for the Asian markets is mixed with a touch of upside amidst a lack of catalysts. The European markets were up slightly and the U.S. bourses were mixed and little changed and the Asian markets figure to split the difference. The TSE finished modestly higher on Monday following gains from the technology and cement stocks, while the financial and plastics sectors were mixed. For the day, the index improved 161.68 points or 0.81 percent to finish at 20,034.41 after trading between 19,972.07 and 20,073.75. Among the actives, Cathay Financial and Nan Ya Plastics both perked 0.16 percent, while Mega Financial shed 0.40 percent, Fubon Financial fell 0.25 percent, E Sun Financial collected 0.91 percent, Taiwan Semiconductor Manufacturing Company climbed 1.01 percent, United Microelectronics Corporation added 0.56 percent, Hon Hai Precision spiked 2.52 percent, Largan Precision sank 0.67 percent, Catcher Technology strengthened 1.39 percent, MediaTek stumbled 2.17 percent, Delta Electronics soared 3.03 percent, Novatek Microelectronics jumped 1.99 percent, Formosa Plastics lost 0.73 percent, Asia Cement rallied 1.59 percent and CTBC Financial and First Financial were unchanged.

RTTNews | Pred 2 h 26 min

EURUSD	1.13944	GBPUSD	1.34144	AUDUSD	0.64172
USDJPY	142.384	USDCAD	1.38567	USDCHF	0.82327

Advertisement

Asian Stocks Retreat Amidst Renewed Fed Fears