Little Movement Anticipated For China Stock Market

RTTNews | 41 dagar sedan

(RTTNews) - The China stock market on Tuesday ended the two-day slide in which it had given up more than 50 points or 1.9 percent. The Shanghai Composite Index now sits just above the 2,740-point plateau and it's expected to remain in that neighborhood again on Wednesday.

The global forecast for the Asian markets is mixed and flat ahead of key inflation data later this week. The European markets were down and the U.S. bourses were mixed and the Asian markets figure to follow the latter lead.

The SCI finished slightly higher on Tuesday as gains from the financials and oil companies were capped by weakness from the resource and property stocks.

For the day, the index gained 7.70 points or 0.28 percent to finish at 2,744.19 after trading between 2,718.63 and 2,750.12. The Shenzhen Composite Index rose 4.01 points or 0.27 percent to end at 1,500.24.

Among the actives, Industrial and Commercial Bank of China climbed 1.07 percent, while Bank of China rallied 2.56 percent, China Construction Bank spiked 2.53 percent, China Merchants Bank dipped 0.17 percent, Agricultural Bank of China jumped 1.77 percent, China Life Insurance collected 0.12 percent, Jiangxi Copper shed 0.64 percent, Aluminum Corp of China (Chalco) lost 0.63 percent, Yankuang Energy dropped 0.99 percent, PetroChina improved 1.02 percent, China Petroleum and Chemical (Sinopec) accelerated 1.88 percent, Huaneng Power eased 0.15 percent, China Shenhua Energy gained 0.73 percent, Gemdale and China Vanke both skidded 1.10 percent and Poly Developments slumped 1.19 percent.

The lead from Wall Street is cautiously optimistic as the major averages opened mixed on Tuesday and bounced back and forth across the line before finishing on opposite sides.

The Dow shed 92.63 points or 0.23 percent to finish at 40,736.96, while the NASDAQ jumped 141.28 points or 0.84 percent to close at 17,025.88 and the S&P 500 added 24.47 points or 0.45 percent to end at 5,495.52.

The volatility seen over the course of the trading day came as traders looked ahead to the release of closely watched consumer and producer price inflation data on Wednesday and Thursday, respectively.

The data could impact the outlook for interest rates ahead of the Federal Reserve's monetary policy meeting next week.

The Fed is almost universally expected to begin lowering interest rates next week, but there is some debate about if the rate cut will be 25 basis points or 50.

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.

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.

RTTNews | 4h 38minuter sedan

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.

RTTNews | 5h 11minuter sedan

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.

RTTNews | 5h 12minuter sedan

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.

RTTNews | 5h 37minuter sedan

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 | 6h 1minuter sedan

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 | 6h 7minuter sedan

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 | 6h 22minuter sedan

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 | 6h 37minuter sedan

EURUSD	1.08167	GBPUSD	1.29919	AUDUSD	0.66801
USDJPY	150.94	USDCAD	1.38307	USDCHF	0.86521