KOSPI May Challenge Resistance At 2,500 Points

RTTNews | 894 ngày trước

(RTTNews) - The South Korea stock market bounced higher again on Wednesday, one day after halting the six-day winning streak in which it had advanced more than 55 points or 2.4 percent. The KOSPI now rests just above the 2,460-point plateau and it's tipped to add to its winnings on Thursday.

The global forecast for the Asian markets is upbeat on easing fears of a worldwide economic slowdown. The European and U.S. markets were sharply higher and the Asian markets are tipped to open in similar fashion.

The KOSPI finished modestly higher on Wednesday following gains from the chemical companies and automobile producers, while the financials and technology stocks were mixed.

For the day, the index advanced 21.83 points or 0.89 percent to finish at the daily high of 2,461.45 after moving as low as 2,433.12. Volume was 463.71 million shares worth 6.6 trillion won. There were 576 gainers and 266 decliners.

Among the actives, Shinhan Financial rose 0.28 percent, while KB Financial collected 0.42 percent, Hana Financial dipped 0.14 percent, Woori Financial advanced 0.85 percent, Samsung Electronics slid 0.65 percent, Samsung SDI spiked 2.45 percent, LG Electronics gathered 0.32 percent, SK Hynix climbed 1.04 percent, Naver soared 3.86 percent, LG Chem improved 0.66 percent, Lotte Chem increased 0.56 percent, S-Oil lost 0.45 percent, SK Innovation rallied 2.78 percent, POSCO fell 0.21 percent, SK Telecom added 0.57 percent, KEPCO gained 0.46 percent, Hyundai Motor was up 0.25 percent, Hyundai Mobis jumped 1.99 percent and Kia Corporation perked 0.12 percent.

The lead from Wall Street is broadly positive as the major averages opened firmly in the green and accelerated as the session progressed.

The Dow surged 416.33 points or 1.29 percent to finish at 32,812.50, while the NASDAQ spiked 319.40 points or 2.59 percent to end at 12,668.16 and the S&P 500 sank 63.98 points or 1.56 percent to close at 4,155.17.

The rebound on Wall Street partly reflected a positive reaction to some upbeat U.S. economic data, which helped ease concerns about a recession.

The Institute for Supply Management noted an unexpected acceleration in the pace of growth in U.S. services sector activity in July. Also, the Commerce Department saw a sharp increase in new orders for U.S. manufactured goods in June.

Crude oil prices fell sharply Wednesday after data showed an unexpected surge in U.S. crude inventories last week. The dollar's strength after hawkish comments from a few Fed officials also weighed on oil prices.

Also, OPEC+ agreed to a tiny increase in output next month amid fears that a global recession will crimp demand. West Texas Intermediate Crude futures for September sank $3.76 or 4 percent at $90.66 a barrel.

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, as markets in the region cheered news that President-elect Donald Trump's economic team is discussing a cautious and slow approach in implementing tariff hikes to avoid an inflation spike. The US dollar also weakened against most of the currencies in the region.

RTTNews | 6h 16phút trước

Indian Shares Likely To Open On Positive Note

Higher GIFT Nifty futures point to a positive start for Indian shares on Tuesday. Investors are also likely to react positively to data showing a drop in consumer price inflation in the month of December. Some bargain hunting is likely as well after four successive days of declines.

RTTNews | 6h 35phút trước

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, after snapping the three-session losing streak, with the benchmark S&P/ASX 200 index moving above the 8,200.00 level, with gains in mining and energy stocks partially offset by weakness in financial and technology stocks.

RTTNews | 6h 44phút trước

Thai Shares Poised To Open To The Upside On Tuesday

The Thai stock market moved lower again on Monday, one session after halting the two-day slide in which it had stumbled almost 30 points or 2.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,355-point plateau and it may find renewed support on Tuesday. The global forecast for the Asian markets is murky, with support from the oil companies likely offset by weakness from the technology shares. The European markets were down and the U.S. bourses were mostly higher and the Asian markets figure to split the difference. The SET finished sharply lower on Monday following losses from the food, consumer, property, service and technology sectors, while the financials offered support. For the day, the index dropped 13.65 points or 1.00 percent to finish at 1,354.34 after trading between 1,349.02 and 1,362.14. Volume was 9.462 billion shares worth 43.022 billion baht. There were 342 decliners and 146 gainers, with 178 stocks finishing unchanged. Among the actives, Advanced Info fell 0.35 percent, while Thailand Airport plummeted 3.00 percent, Asset World plunged 3.66 percent, Banpu surged 4.81 percent, Bangkok Bank jumped 1.64 percent, Bangkok Dusit Medical increased 0.84 percent, Bangkok Expressway lost 2.14 percent, B. Grimm declined 1.16 percent, BTS Group gained 1.69 percent, CP All Public tumbled 1.80 percent, Charoen Pokphand Foods retreated 1.36 percent, Energy Absolute cratered 10 percent, Gulf shed 0.85 percent, Kasikornbank strengthened 1.57 percent, Krung Thai Bank collected 1.38 percent, Krung Thai Card dropped 0.99 percent, PTT Exploration and Production spiked 2.01 percent, PTT Global Chemical sank 0.87 percent, SCG Packaging climbed 1.13 percent, Siam Commercial Bank improved 1.68 percent, Siam Concrete stumbled 1.62 percent, Thai Oil accelerated 2.00 percent, True Corporation slumped 1.79 percent, TTB Bank rallied 2.22 percent and PTT Oil & Retail and PTT were unchanged.

RTTNews | 7h 37phút trước

Japanese Market Sharply Lower

The Japanese stock market is modestly lower in post-holiday trading on Tuesday, extending the loses in the previous three sessions, with the Nikkei 225 falling well below the 38,700 level, following the mixed cues from Wall Street overnight, with weakness across most sectors led by index heavyweights, financial and technology stocks.

RTTNews | 8h 3phút trước

Rebound Anticipated For Indonesia Stock Market

The Indonesia stock market headed south again on Monday, one session after ending the two-day slide in which it had slumped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just above the 7,015-point plateau although it's expected to open in the green on Tuesday. The global forecast for the Asian markets is murky, with support from the oil companies likely offset by weakness from the technology shares. The European markets were down and the U.S. bourses were mostly higher and the Asian markets figure to split the difference. The JCI finished sharply lower on Monday following losses from the cement and financial sectors, while the resource stocks came in mixed. For the day, the index slumped 71.99 points or 1.02 percent to finish at 7,016.88 after trading between 6,986.59 and 7,089.57. Among the actives, Bank CIMB Niaga skidded 1.16 percent, while Bank Mandiri retreated 1.34 percent, Bank Danamon Indonesia fell 0.40 percent, Bank Negara Indonesia surrendered 3.22 percent, Bank Central Asia shed 0.51 percent, Bank Rakyat Indonesia plunged 3.99 percent, Bank Maybank Indonesia dropped 0.98 percent, Indosat Ooredoo Hutchison rose 0.42 percent, Indocement tanked 3.17 percent, Semen Indonesia stumbled 2.01 percent, United Tractors climbed 1.20 percent, Astra International declined 3.06 percent, Energi Mega Persada rallied 2.48 percent, Astra Agro Lestari strengthened 1.69 percent, Aneka Tambang advanced 1.02 percent, Jasa Marga tumbled 2.00 percent, Timah surged 3.88 percent, Bumi Resources plummeted 4.10 percent and Indofood Sukses Makmur and Vale Indonesia were unchanged.

RTTNews | 8h 7phút trước

Hang Seng Tipped To Halt Its Slide On Tuesday

The Hong Kong stock market has finished lower in six straight sessions, retreating almost 900 points or 4.7 percent along the way. The Hang Seng Index now sits just above the 18,870-point plateau although it's expected to find some traction on Tuesday. The global forecast for the Asian markets is murky, with support from the oil companies likely offset by weakness from the technology shares. The European markets were down and the U.S. bourses were mostly higher and the Asian markets figure to split the difference. The Hang Seng finished sharply lower on Monday following losses from the financial shares, property stocks and technology companies. For the day, the index retreated 190.15 points or 1.00 percent to finish at 18,874.14 after trading between 18,671.49 and 18,929.12. Among the actives, Alibaba Group tumbled 1.88 percent, while Alibaba Health Info surged 2.85 percent, ANTA Sports was down 0.13 percent, China Life Insurance and Techtronic Industries both lost 0.76 percent, China Mengniu Dairy shed 0.92 percent, China Resources Land spiked 2.09 percent, CITIC added 0.24 percent, CNOOC soared 2.23 percent, CSPC Pharmaceutical slid 0.46 percent, Galaxy Entertainment surrendered 2.29 percent, Haier Smart Home plummeted 6.83 percent, Hang Lung Properties declined 1.83 percent, Henderson Land slumped 1.79 percent, Hong Kong & China Gas skidded 1.50 percent, Industrial and Commercial Bank of China dipped 0.41 percent, JD.com dropped 1.45 percent, Lenovo fell 0.75 percent, Li Auto tanked 3.01 percent, Li Ning sank 1.08 percent, Meituan retreated 1.93 percent, New World Development plunged 5.18 percent, Nongfu Spring rallied 2.14 percent, Xiaomi Corporation stumbled 2.24 percent and WuXi Biologics weakened 1.74 percent.

RTTNews | 8h 22phút trước

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, snapping the three-session losing streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,200 level, with gains in iron ore miners and energy stocks partially offset by weakness in gold miners, financial and technology stocks.

RTTNews | 8h 34phút trước

EURUSD	1.02546	GBPUSD	1.22137	AUDUSD	0.61905
USDJPY	157.541	USDCAD	1.43725	USDCHF	0.9157