RTT - AsiaCommentary
Rebound Expected For Taiwan Stock Market
The Taiwan stock market headed south again on Thursday, one session after it had halted the three-day slide in which it had retreated more than 105 points or 0.9 percent. The Taiwan Stock Exchange now rests just above the 11,110-point plateau although it may find renewed support on Friday.
South Korea Shares May Halt Losing Streak
The South Korea stock market has finished lower in two straight sessions, skidding almost 50 points or 2 percent along the way. The KOSPI now rests just beneath the 2,425-point plateau although it may find traction on Friday.
Sensex, Nifty Snap Three-day Winning Streak
Indian shares closed lower on Thursday to snap a three-day winning streak after the U.S. Federal Reserve lifted interest rates for the second time this year and signaled a more aggressive rate path for the rest of the year.
Asian Shares Fall On Interest Rate Worries
Asian stocks fell on Thursday as trade war fears resurfaced and the U.S. Federal Reserve sounded slightly more hawkish after raising interest rates for the second time this year.
Sensex, Nifty Open Lower As Fed Signals More Rate Hikes
Indian shares opened lower on Thursday after the U.S. Federal Reserve lifted short-term interest rate a quarter percentage point and forecast two additional rate hikes this year, citing a strengthening economy.
Asian Markets Mostly Lower On Hawkish Fed
Asian stock markets are mostly lower on Thursday following the weak cues from Wall Street after the U.S. Federal Reserve raised interest rates and stuck a hawkish tone by projecting a faster pace of rate hikes this year. In addition, U.S.-China trade tensions weighed on sentiment. Investors are also cautious ahead of the European Central Bank's monetary policy announcement due later in the day.
Sensex, Nifty Seen Lower As Fed Signals Two More Rate Hikes
Indian shares may open lower on Thursday after the U.S. Federal Reserve forecast two additional rate hikes this year and reports emerged that the Trump administration is preparing to proceed with tariffs on Chinese goods.
Japanese Market Declines
The Japanese stock market is declining on Thursday following the weak cues overnight from Wall Street after the Federal Reserve raised interest rates and projected a faster pace of rate hikes this year. In addition, a stronger yen weighed on exporters' shares.
Thai Stock Market May Open Under Pressure
The Thai stock market on Wednesday wrote a finish to the two-day winning streak in which it had gathered more than 5 points or 0.3 percent. The Stock Exchange of Thailand now rests just beneath the 1,720-point plateau and the losses may accelerate on Thursday.
Australian Market Edges Higher
The Australian stock market is edging higher on Thursday after opening lower following the negative cues overnight from Wall Street as the Federal Reserve raised interest rates and indicated that two more rate hikes were likely this year.
Lower Open Seen For Hong Kong Stock Market
The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had gathered almost 150 points or 0.5 percent. The Hang Send Index now rests just above the 30,725-point plateau, and it's likely to see further consolidation on Thursday.
Malaysia Bourse May Extend Losing Streak
Ahead of Friday's holiday for Eid-ul-Fitr, the Malaysia stock market had moved lower in five straight sessions - skidding almost 25 points or 1.4 percent in that span. The Kuala Lumpur Composite Index now rests just above the 1,760-point plateau and it's looking at another soft start again on Monday.
South Korea Bourse May Give Up Support At 2,400 Points
The South Korea stock market has moved lower in three consecutive trading days, skidding almost 70 points or 2.8 percent along the way. The KOSPI now rests just above the 2,400-point plateau and it's looking at another soft start on Monday.
Sensex, Nifty Marginally Lower In Cautious Trade
Indian shares opened lower on Monday, although a sharp fall in oil prices helped limit overall losses.
Asian Markets In Negative Territory
Asian stock markets are in negative territory on Monday amid an escalation in trade tensions between the U.S. and China after the world's two largest economies announced tit-for-tat trade tariffs last week. In addition, weak commodity prices weighed on resources stocks. Crude oil prices extended losses in Asian trading after falling sharply on Friday.
Sensex, Nifty To Open Lower On Trade Concerns
Indian shares may open lower Monday on renewed concerns over a global trade war after U.S. President Donald Trump on Friday announced plans to impose a 25 percent tariff on $50 billion worth of Chinese goods that contain "industrially significant technologies".
Losing Streak May Continue For Thai Stock Market
The Thai stock market has finished lower in three straight sessions, surrendering almost 25 points or 1.3 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,705-point plateau and it's expected to take further damage on Monday.
Japanese Market Declines
The Japanese stock market is declining on Monday following the weak cues from Wall Street Friday after the U.S. and China announced plans to impose trade tariffs on each other. Investors also digested Japan's trade data for May that showed a wider than expected trade deficit.
Australian Market Edges Lower
The Australian stock market is edging lower on Monday following the weak cues from Wall Street on Friday after an escalation in trade tensions between the U.S. and China. In addition, weak commodity prices weighed on resources stocks.
More Pain Predicted For Singapore Stock Market
Ahead of Friday's holiday for Eid-ul-Fitr, the Singapore stock market had moved lower in three straight sessions, surrendering almost 85 points or 2.6 percent along the way. The Straits Times Index now rests just above the 3,355-point plateau and it may take further damage again on Monday.
Sensex, Nifty End Range-bound Session Marginally Higher
Indian shares ended a range-bound session on a flat note Friday even as pharma stocks extended recent gains and IT stocks rose broadly, led by TCS after its board approved a share buyback of 1.99 percent of the equity share capital amounting to up to Rs. 16,000 crore.
Asian Shares Mixed As Trade Worries Persist
Asian stocks turned in a mixed performance on Friday in response to a dovish European Central Bank statement and the Bank of Japan's weaker view on the inflation outlook. Trade concerns persisted ahead of likely announcement of U.S. tariffs on Chinese goods.
Sensex, Nifty Lackluster In Early Trade
Indian shares were moving in a narrow range on Friday as the European Central Bank delivered a dovish message and the Trump administration reportedly approved a plan to impose punishing tariffs on tens of billions of dollars of Chinese goods.
Asian Markets Mixed As U.S. Set To Impose China Tariffs
Asian stock markets are mixed on Friday amid worries about trade wars as the U.S. is expected to unveil tariffs of about $50 billion in Chinese imports, while Beijing has said it will retaliate if the U.S. imposes tariffs. The Euro slipped after the European Central Bank indicated plans to wind down its bond buying program and pledged to keep interest rates on hold for at least a year.
Sensex, Nifty Seen Lower On Muted Asian Cues
Indian shares may open a tad lower on Friday, tracking mixed global cues and a firmer dollar as the Trump administration readies tariffs on Chinese goods.
Japanese Market Rises Ahead Of BOJ Decision
The Japanese stock market has pared initial strong gains and is modestly higher on Friday following the mostly positive cues from Wall Street and on a weaker yen. Investors turned cautious ahead of the Bank of Japan's monetary policy decision due later in the day.
Thai Bourse Tipped To End Losing Streak
The Thai stock market has moved lower in back-to-back trading days, surrendering almost 20 points or 1 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,710-point plateau although it may rebound on Friday.
Australian Market Advances
The Australian stock market is advancing on Friday following the mostly positive cues from Wall Street and on higher commodity prices. Stocks are gaining across the board.
Losing Streak May End For Hong Kong Stock Market
The Hong Kong stock market has fallen lower in consecutive trading days, tumbling more than 660 points or 2 percent along the way. The Hang Send Index now rests just above the 30,440-point plateau, although it may stop the bleeding on Friday.
China Shares Draw Firm Lead For Friday
The China stock market has moved lower in consecutive trading days, surrendering more than 35 points or 1.2 percent along the way. The Shanghai Composite Index now rests just beneath the 3,045-point plateau although it's expected to bounce higher on Friday.
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