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China Bourse May Hand Back Monday's Gains

The China stock market on Monday wrote a finish to the five-day losing streak in which it had surrendered almost 100 points or 2.8 percent. The Shanghai Composite Index now sits just beneath the 3,270-point plateau although it's predicted to open under pressure on Tuesday. The global forecast for the Asian markets is mixed to lower on continuing fears of a financial crisis. The European markets were sharply lower and the U.S. bourses were mixed and little changed and the Asian markets figure to follow the latter lead. The SCI finished sharply higher on Monday following gains among the financials and resource and energy stocks, although the properties remained soft. For the day, the index jumped 38.62 points or 1.20 percent to finish at the daily high of 3,268.70 after moving as low as 3,228.12. The Shenzhen Composite Index added 9.25 points or 0.44 percent to end at 2,096.42. Among the actives, Industrial and Commercial Bank of China strengthened 1.38 percent, while Bank of China collected 0.61 percent, China Construction Bank climbed 1.22 percent, China Merchants Bank perked 0.06 percent, Bank of Communications improved 1.20 percent, China Life Insurance jumped 1.76 percent, Jiangxi Copper gathered 1.26 percent, Aluminum Corp of China (Chalco) spiked 2.38 percent, Yankuang Energy advanced 1.05 percent, PetroChina surged 4.41 percent, China Petroleum and Chemical (Sinopec) skyrocketed 6.14 percent, Huaneng Power rose 0.36 percent, China Shenhua Energy soared 3.20 percent, Gemdale retreated 1.36 percent, Poly Developments slumped 1.19 percent, China Vanke was up 0.06 percent and China Fortune Land and China Minsheng Bank were unchanged. The lead from Wall Street offers little clarity as the major averages spent most of Monday bouncing back and forth across the unchanged line before finally ending mixed and little changed.
RTTNews | 715 วันที่ผ่านมา
Taiwan Shares May Head South Again On Tuesday

Taiwan Shares May Head South Again On Tuesday

The Taiwan stock market on Monday wrote a finish to the three-day losing streak in which it had tumbled almost 350 points or 2.2 percent. The Taiwan Stock Exchange now rests just above the 15,560-point plateau although it may see renewed selling pressure on Tuesday. The global forecast for the Asian markets is mixed to lower on continuing fears of a financial crisis. The European markets were sharply lower and the U.S. bourses were mixed and little changed and the Asian markets figure to follow the latter lead.
RTTNews | 715 วันที่ผ่านมา
Singapore Stock Market Tipped To Open In The Red

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has tracked lower in four consecutive trading days, slumping almost 115 points or 3.5 percent along the way. The Straits Times Index now rests just above the 3,130-point plateau and it may take further damage on Tuesday. The global forecast for the Asian markets is mixed to lower on continuing fears of a financial crisis. The European markets were sharply lower and the U.S. bourses were mixed and little changed and the Asian markets figure to follow the latter lead.
RTTNews | 715 วันที่ผ่านมา
Malaysia Stock Market Poised To Extend Losing Streak

Malaysia Stock Market Poised To Extend Losing Streak

The Malaysia stock market has moved lower in four straight sessions, sinking more than 35 points or 2.6 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,420-point plateau and it's expected to open under pressure again on Tuesday. The global forecast for the Asian markets is mixed to lower on continuing fears of a financial crisis. The European markets were sharply lower and the U.S. bourses were mixed and little changed and the Asian markets figure to follow the latter lead. The KLCI finished modestly lower on Monday as losses from the telecoms and entertainment stocks were mitigated by support from the plantations and a mixed picture from the financials. For the day, the index shed 11.25 points or 0.79 percent to finish at 1,421.83 after trading between 1,409.93 and 1,423.66.
RTTNews | 715 วันที่ผ่านมา
South Korea Stock Market May See Renewed Consolidation

South Korea Stock Market May See Renewed Consolidation

The South Korea stock market on Monday halted the three-day losing streak in which it had dropped more than 65 points or 2.8 percent. The KOSPI now rests just above the 2,410-point plateau although it may head south again on Tuesday. The global forecast for the Asian markets is mixed to lower on continuing fears of a financial crisis. The European markets were sharply lower and the U.S. bourses were mixed and little changed and the Asian markets figure to follow the latter lead. The KOSPI finished modestly higher on Monday following gains from the financial shares, technology stocks and oil and chemical companies. For the day, the index picked up 16.01 points or 0.67 percent to finish at 2,410.60 after trading between 2,369.79 and 2,413.24. Volume was 371 million shares worth 7.4 trillion won. There were 652 gainers and 255 decliners. Among the actives, Shinhan Financial collected 0.70 percent, while KB Financial increased 1.21 percent, Hana Financial gained 1.07 percent, Samsung Electronics advanced 0.84 percent, LG Electronics spiked 1.56 percent, SK Hynix climbed 1.20 percent, Naver improved 1.35 percent, LG Chem strengthened 1.56 percent, Lotte Chemical added 0.45 percent, S-Oil perked 0.12 percent, SK Innovation rallied 1.50 percent, POSCO soared 2.03 percent, SK Telecom dipped 0.21 percent, KEPCO sank 0.68 percent, Hyundai Mobis was up 0.92 percent, Hyundai Motor accelerated 0.57 percent and Kia Motors gathered 1.03 percent.
RTTNews | 715 วันที่ผ่านมา
Australia Consumer Confidence Data Due On Tuesday

Australia Consumer Confidence Data Due On Tuesday

Australia will on Tuesday see March results for the consumer confidence index from Westpac Bank, highlighting a light day for Asia-Pacific economic activity. In February, the index dipped 6.9 percent.
RTTNews | 715 วันที่ผ่านมา
TSX Sheds Nearly 1% As Energy, Financials Shares Tumble

TSX Sheds Nearly 1% As Energy, Financials Shares Tumble

The Canadian market ended notably lower on Monday, weighed down by losses in energy, financials and consumer discretionary sectors, amid rising concerns over the potential fallout from the collapse of Silicon Valley Bank.
RTTNews | 715 วันที่ผ่านมา
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Dollar Loses Ground Against Major Rivals

Dollar Loses Ground Against Major Rivals

The U.S. dollar drifted lower against its major counterparts on Monday, weighed down by concerns over the potential fallout of the collapse of Silicon Valley Bank.
RTTNews | 715 วันที่ผ่านมา
Swiss Market Ends Notably Lower; Bank Stocks Tumble

Swiss Market Ends Notably Lower; Bank Stocks Tumble

The Switzerland stock market ended notably lower on Monday, in line with markets across Europe, as concerns over the fallout of the collapse of Silicon Valley Bank rendered the mood extremely bearish.
RTTNews | 715 วันที่ผ่านมา
Powell-led Dollar Surge Vanishes Amidst Banking Sector Turmoil

Powell-led Dollar Surge Vanishes Amidst Banking Sector Turmoil

The Dollar's surge in the week spanning March 3-10 triggered by the warnings of higher interest rates by Jerome Powell in his semi-annual monetary policy report to the Congress, drained in the unprecedented turbulence that engulfed the banking sector soon after.
RTTNews | 715 วันที่ผ่านมา
Bay Street Likely To Open On Negative Note

Bay Street Likely To Open On Negative Note

Lower U.S. and Canadian futures and falling crude oil prices point to a negative start for Canadian shares on Monday.
RTTNews | 715 วันที่ผ่านมา

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