Japanese Market Slightly Higher

RTTNews | 1天前

(RTTNews) - The Japanese stock market is slightly higher on Monday after opening in the red, reversing the losses in the previous session, despite the broadly negative cues from Wall Street on Friday. The Nikkei 225 moving above the 38,800 level, despite weakness across most sectors led by index heavyweights and exporter stocks.

The benchmark Nikkei 225 Index is up 37.56 points or 0.10 percent at 38,824.58, after hitting a low of 38,606.32 and a high of 38,851.80 earlier. Japanese shares ended significantly lower on Friday.

Market heavyweight SoftBank Group is losing almost 2 percent and Uniqlo operator Fast Retailing is edging down 0.5 percent. Among automakers, Honda is sliding more than 1 percent and Toyota is edging down 0.2 percent.

In the tech space, Advantest is losing more than 1 percent, while Screen Holdings and Tokyo Electron are edging down 0.1 to 0.4 percent each.

In the banking sector, Mitsubishi UFJ Financial and Sumitomo Mitsui Financial are edging down 0.3 to 0.4 percent each, while Mizuho Financial is flat.

The major exporters are mostly lower. Panasonic is declining almost 2 percent, while Sony and Mitsubishi Electric are losing more than 1 percent each. Canon is edging up 0.5 percent.

Among the other major gainers, DeNA is skyrocketing more than 23 percent, Taiyo Yuden is soaring almost 17 percent, Kawasaki Heavy Industries is surging more than 6 percent and JGC Holdings is gaining more than 5 percent, while Sumco, Japan Exchange Group and IHI are adding more than 4 percent each. Comsys Holdings is advancing almost 4 percent, while Murata Manufacturing and Mitsubishi Chemical Group are up more than 3 percent each. Yaskawa Electric, Shiseido and NEXON are rising almost 3 percent each.

Conversely, Subaru and Taisei are losing almost 5 percent each.

In economic news, overall bank lending in Japan was up 3.0 percent on year in January, the Bank of Japan said on Monday - coming in at 635.707 trillion yen. That's unchanged from the December reading following a downward revision from 3.1 percent. Excluding trusts, lending was up an annual 3.3 percent at 557.569 trillion yen, while lending from trusts rose 0.9 percent on year to 78.138 trillion yen. Lending from foreign banks jumped 13.3 percent to 4.910 trillion yen, slowing from the 23.0 percent jump in the previous month.

Japan posted a current account surplus of 1.077 trillion yen in December, the Ministry of Finance said on Monday - up 17.8 percent on year. It was, however, shy of expectations for a surplus of 1.362 trillion yen and down from the 3.353 trillion yen surplus in November. Exports were down 0.9 percent on year at 9.473 trillion yen and imports dipped an annual 0.3 percent to 9.411 trillion yen for a surplus of 62.3 billion yen. The capital account saw a deficit of 18.4 billion yen, while the financial account had a surplus of 2.429 trillion yen.

In the currency market, the U.S. dollar is trading in the higher 152 yen-range 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.

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 | 5小时26分钟前

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 | 5小时40分钟前

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 | 5小时56分钟前

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 | 6小时26分钟前

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 | 6小时56分钟前

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 | 7小时26分钟前

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 | 7小时38分钟前

Higher Open Called For South Korea Stock Market

The South Korea stock market has moved lower in back-to-back sessions, giving away more than 15 points or 0.6 percent along the way. The KOSPI now rests just above the 2,520-point plateau although it may find 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. The KOSPI finished barely lower on Monday following losses from the industrials and mixed performances from the financial shares and technology stocks. For the day, the index eased 0.65 points or 0.03 percent to finish at 2,521.27 after trading between 2,499.18 and 2,527.33. Volume was 386.81 million shares worth 10.38 trillion won. There were 454 decliners and 414 gainers. Among the actives, Shinhan Financial collected 0.30 percent, while KB Financial retreated 1.28 percent, Hana Financial slumped 1.46 percent, Samsung Electronics rallied 3.54 percent, Samsung SDI improved 0.72 percent, LG Electronics lost 0.63 percent, SK Hynix stumbled 2.41 percent, Naver advanced 0.89 percent, LG Chem jumped 1.81 percent, Lotte Chemical weakened 1.65 percent, SK Innovation dipped 0.26 percent, POSCO Holdings sank 0.84 percent, SK Telecom fell 0.36 percent, KEPCO was down 0.24 percent, Hyundai Mobis eased 0.20 percent, Hyundai Motor shed 0.55 percent and Kia Motors tumbled 1.97 percent.

RTTNews | 7小时56分钟前

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