Australian Market Modestly Lower

RTTNews | 1 gün önce

(RTTNews) - The Australian stock market is trading modestly lower on Monday, extending the slight losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,500.00 level, with weakness in technology and financial stocks partially offset by gains in gold miners and energy stocks.

The benchmark S&P/ASX 200 Index is losing 22.40 points or 0.26 percent to 8,489.00, after hitting a low of 8,445.30 earlier. The broader All Ordinaries Index is down 24.40 points or 0.28 percent to 8,755.90. Australian stocks closed slightly lower on Friday.

Among the major miners, BHP Group and Mineral Resources are edging down 0.1 to 0.3 percent each, while Fortescue Metals is edging up 0.5 percent. Rio Tinto is flat. Oil stocks are mostly higher. Santos is edging up 0.1 percent, Origin Energy is gaining more than 1 percent and Beach energy is advancing more than 2 percent, while Woodside Energy is edging down 0.3 percent.

Among tech stocks, Afterpay owner Block, Zip and Xero are edging down 0.4 to 0.5 percent each, while WiseTech Global is declining 3.5 percent. Appen is gaining almost 2 percent.

Gold miners are mostly higher. Evolution Mining and Northern Star Resources are gaining more than 1 percent each, while Gold Road Resources and Newmont are edging up 0.4 percent each. Resolute Mining is advancing more than 3 percent.

Among the big four banks, Commonwealth Bank and National Australia Bank are losing almost 1 percent each, while Westpac and ANZ Banking are edging down 0.4 to 0.5 percent each.

In other news, shares in Star Entertainment Group are jumping almost 14 percent after the beleaguered casino operator said it would not accept proposals from Chow Tai Fook Enterprises and Far East Consortium to take over its 50 per cent stake and debt in the Queen's Wharf complex in Brisbane.

Shares in Ansell are surging more that 6 percent after the medical gear maker said it was planning price rises to offset US tariffs.

In economic news, the total number of building permits issued in Australia was up a seasonally adjusted 0.7 percent on month in December, the Australian Bureau of Statistics said on Monday - coming in at 15,174. That was in line with expectations following the 3.4 percent decline in November. The value of total residential building fell 0.9 percent on month to A$8.33 billion, while the value of non-residential building rose 9.7 percent to A$6.62 billion.

In the currency market, the Aussie dollar is trading at $0.626 on Monday.

On Wall Street, stocks moved sharply lower during trading on Friday, giving back ground after trending higher over the past few sessions. The major averages turned negative within the first hour of trading and saw further downside as the day progressed.

The major averages climbed off their worst levels going into the close but remained firmly negative. The Nasdaq dove 268.59 points or 1.3 percent to 19,523.40, the Dow tumbled 444.23 points or 1.0 percent to 44,303.40 and the S&P 500 slumped 57.58 points or 1.0 percent to 6,025.99.

The major European markets all also moved lower on the day. The German DAX Index fell by 0.5 percent, the French CAC 40 Index declined by 0.4 percent and the U.K.'s FTSE 100 Index dipped by 0.3 percent.

Crude oil prices climbed higher on Friday after the U.S. imposed new sanctions on Iran's crude exports, although a stronger dollar limited oil's gains. West Texas Intermediate Crude oil futures for March rose $0.39 or 0.5 percent at $71.00 a barrel. WTI crude futures shed 2 percent in the week.

Rebound Anticipated For Thai Stock Market

The Thai stock market turned lower again on Monday, one session after ending the seven-day losing streak in which it had plummeted more than 85 points or 6.3 percent. The Stock Exchange of Thailand now sits just above the 1,270-point plateau although it may bounce higher again on Tuesday. The global forecast for the Asian markets is upbeat, supported by the oil, finance and technology sectors. The European and U.S. markets saw modest upside and the Asian bourses are expected to follow suit. The SET finished modestly lower on Monday following losses from the food, consumer, finance, industrial, property, resource and service sectors. For the day, the index dropped 11.60 points or 0.90 percent to finish at 1,270.49 after trading between 1,262.41 and 1,275.88. Volume was 7.757 billion shares worth 43.230 billion baht. There were 328 decliners and 162 gainers, with 172 stocks finishing unchanged. Among the actives, Advanced Info climbed 1.07 percent, while Thailand Airport crashed 3.13 percent, Asset World sank 0.68 percent, Banpu retreated 1.69 percent, Bangkok Bank dropped 0.97 percent, Bangkok Dusit Medical plunged 2.16 percent, Bangkok Expressway cratered 2.96 percent, B. Grimm weakened 2.31 percent, BTS Group gained 0.84 percent, Charoen Pokphand Foods tumbled 1.91 percent, Energy Absolute plummeted 5.15 percent, Gulf slumped 1.72 percent, Kasikornbank shed 0.63 percent, Krung Thai Bank fell 0.42 percent, Krung Thai Card stumbled 1.93 percent, PTT Oil & Retail skidded 1.77 percent, PTT and Thai Oil both gave up 1.63 percent, PTT Exploration and Production slid 0.80 percent, PTT Global Chemical tanked 2.97 percent, SCG Packaging lost 0.64 percent, Siam Commercial Bank collected 0.40 percent, Siam Concrete surrendered 2.35 percent, True Corporation rallied 4.96 percent, TTB Bank added 0.51 percent and CP All Public was unchanged.

RTTNews | 5s 31 dakika önce

Indonesia Bourse Overdue For Support On Tuesday

The Indonesia stock market has finished lower in four straight sessions, slumping more than 420 points or 6.1 percent in that span. The Jakarta Composite Index now sits just beneath the 6,650-point plateau although it may halt its slide on Tuesday. The global forecast for the Asian markets is upbeat, supported by the oil, finance and technology sectors. The European and U.S. markets saw modest upside and the Asian bourses are expected to follow suit. The JCI finished sharply lower on Monday following losses among the financials, telecoms, cement stocks and resource companies. For the day, the index stumbled 94.43 points or 1.40 percent to finish at 6,648.14 after trading between 6,585.98 and 6,713.95. Among the actives, Bank CIMB Niaga tanked 2.33 percent, while Bank Mandiri stumbled 2.91 percent, Bank Danamon Indonesia shed 0.79 percent, Bank Negara Indonesia surrendered 2.81 percent, Bank Central Asia retreated 2.14 percent, Bank Rakyat Indonesia dropped 1.49 percent, Bank Maybank Indonesia tumbled 2.02 percent, Indosat Ooredoo Hutchison cratered 13.51 percent, Indocement sank 3.57 percent, Semen Indonesia declined 1.85 percent, Indofood Sukses Makmur rallied 1.63 percent, United Tractors slumped 2.72 percent, Astra International lost 1.72 percent, Energi Mega Persada plunged 2.00 percent, Astra Agro Lestari fell 1.32 percent, Aneka Tambang plummeted 3.15 percent, Jasa Marga eased 0.49 percent, Vale Indonesia cratered 3.41 percent, Timah skidded 1.02 percent and Bumi Resources was down 2.16 percent. The lead from Wall Street is positive as the major averages opened higher on Monday and remained in the green throughout the trading day.

RTTNews | 6s 1 dakika önce

Australian Market Modestly Higher

The Australian stock market is modestly higher on Tuesday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,500 level, with gains is gold miners and energy stocks partially offset by weakness in iron ore miners and technology stocks.

RTTNews | 6s 15 dakika önce

Win Streak May Continue For Hong Kong Stock Market

The Hong Kong stock market has moved higher in three straight sessions, collecting more than 820 points or 3.9 percent along the way. The Hang Seng Index now rests just above the 21,520-point plateau and it's got a solid lead again for Tuesday's trade. The global forecast for the Asian markets is upbeat, supported by the oil, finance and technology sectors. The European and U.S. markets saw modest upside and the Asian bourses are expected to follow suit. The Hang Seng finished sharply higher on Monday with gains from the financial shares, property stocks and technology companies. For the day, the index surged 388.44 points or 1.84 percent to finish at 21,521.98 after trading between 21,223.61 and 21,539.63. Among the actives, Alibaba Group soared 5.50 percent, while Alibaba Health Info skyrocketed 9.16 percent, ANTA Sports added 0.81 percent, China Life Insurance rose 0.66 percent, China Mengniu Dairy advanced 1.84 percent, China Resources Land climbed 1.92 percent, CITIC gathered 0.56 percent, CNOOC sank 0.54 percent, CSPC Pharmaceutical improved 1.76 percent, Galaxy Entertainment shed 0.51 percent, Haier Smart Home gained 0.79 percent, Hang Lung Properties increased 1.31 percent, Henderson Land fell 0.23 percent, Hong Kong & China Gas perked 0.51 percent, Industrial and Commercial Bank of China collected 0.93 percent, JD.com accelerated 2.80 percent, Lenovo lost 0.33 percent, Li Auto jumped 2.33 percent, Li Ning slumped 1.23 percent, Meituan surged 5.58 percent, New World Development was up 0.47 percent, Nongfu Spring strengthened 1.96 percent, Techtronic Industries tumbled 1.86 percent, Xiaomi Corporation spiked 3.06 percent and WuXi Biologics rallied 2.35 percent.

RTTNews | 6s 31 dakika önce

Additional Support Expected For China Stock Market

The China stock market has moved higher in three straight sessions, improving almost 90 points or 2.8 percent along the way. The Shanghai Composite Index now rests just above the 3,320-point plateau and it may add to its winnings again on Tuesday. The global forecast for the Asian markets is upbeat, supported by the oil, finance and technology sectors. The European and U.S. markets saw modest upside and the Asian bourses are expected to follow suit. The SCI finished modestly higher again on Monday as gains from the properties and resource stocks were offset by weakness from the financial shares. For the day, the index added 18.50 points or 0.56 percent to finish at 3,322.17 after trading between 3,299.24 and 3,325.36. The Shenzhen Composite Index climbed 21.57 points or 1.08 percent to end at 2,017.81. Among the actives, Industrial and Commercial Bank of China fell 0.30 percent, while Bank of China dipped 0.19 percent, China Merchants Bank collected 1.00 percent, China Life Insurance shed 0.54 percent, Jiangxi Copper added 0.42 percent, Aluminum Corp of China (Chalco) improved 0.77 percent, Yankuang Energy lost 0.67 percent, PetroChina slipped 0.36 percent, China Shenhua Energy and Huaneng Power both sank 0.77 percent, Gemdale gained 0.42 percent, Poly Developments perked 0.24 percent and China Vanke, China Construction Bank, Agricultural Bank of China and China Petroleum and Chemical (Sinopec) were unchanged.

RTTNews | 7s 1 dakika önce

Taiwan Shares May Bounce Higher Again On Tuesday

The Taiwan stock market on Monday wrote a finish to the four-day winning streak in which it had spiked more than 760 points or 3.4 percent. The Taiwan Stock Exchange now rests just above the 23,250-point plateau although it may see renewed support on Tuesday. The global forecast for the Asian markets is upbeat, supported by the oil, finance and technology sectors. The European and U.S. markets saw modest upside and the Asian bourses are expected to follow suit.

RTTNews | 7s 31 dakika önce

Singapore Bourse May Add To Its Winnings On Tuesday

The Singapore stock market has moved higher in three straight sessions, collecting almost 60 points or 1.7 percent along the way. The Straits Times Index now sits just above the 3,875-point plateau and it's likely to open to the upside again on Tuesday. The global forecast for the Asian markets is upbeat, supported by the oil, finance and technology sectors. The European and U.S. markets saw modest upside and the Asian bourses are expected to follow suit. The STI finished modestly higher on Monday as gains from the financials and telecoms were offset by weakness from the industrials and properties. For the day, the index added 13.71 points or 0.36 percent to finish at 3,875.13 after trading between 3,872.98 and 3,921.30. Among the actives, CapitaLand Integrated Commercial Trust gathered 0.51 percent, while CapitaLand Investment tanked 1.99 percent, City Developments dipped 0.40 percent, DBS Group jumped 1.57 percent, DFI Retail gained 0.85 percent, Genting Singapore rose 0.68 percent, Hongkong Land plummeted 3.67 percent, Keppel DC REIT sank 0.91 percent, Keppel Ltd fell 0.74 percent, Mapletree Pan Asia Commercial Trust shed 0.83 percent, Mapletree Logistics Trust lost 0.81 percent, Oversea-Chinese Banking Corporation collected 0.35 percent, SATS stumbled 1.82 percent, Seatrium Limited slumped 0.93 percent, SembCorp Industries dropped 0.92 percent, Singapore Technologies Engineering plunged 2.00 percent, SingTel advanced 0.91 percent, Thai Beverage retreated 0.97 percent, Venture Corporation rallied 1.91 percent, Wilmar International and Jardine Matheson both eased 0.30 percent, Yangzijiang Financial spiked 2.11 percent, Yangzijiang Shipbuilding slid 0.66 percent and Comfort DelGro, Emperador, Mapletree Industrial Trust and UOL Group were unchanged.

RTTNews | 8s 1 dakika önce

TSX Ends On Strong Note Despite Tariff Threats

Despite U.S. President Donald Trump's fresh tariff threats, the Canadian market stayed positive on Monday and closed on a strong note, as higher commodity prices and expectations of more monetary easing by a few central banks helped underpin sentiment.

RTTNews | 8s 13 dakika önce

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