LIKE.TG 全球资讯-峰会论坛 | 全球出海推广 | 全球展会峰会 | 出海最新资讯

LIKE.TG

LIKE.TG

LIKE.TG

Asian Markets Mostly Higher

(RTTNews) - Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders react to a bunch of upbeat economic data from the region, including upbeat GDP data from Japan. Regional gains remained very modest after the U.S. Fed said it would slash interest rates carefully amid inflation pressures. Asian markets ended mixed on Thursday. The Australian stock market is notably higher on Friday, adding to the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well above the 8,200 level, with gains across most sectors led by gold miners and technology stocks. The benchmark S&P/ASX 200 Index is gaining 38.30 points or 0.47 percent to 8,262.30, after touching a high of 8,273.90 earlier. The broader All Ordinaries Index is up 36.40 points or 0.43 percent to 8,516.30. Australian markets ended modestly higher on Thursday. Among major miners, BHP Group is edging up 0.3 percent, while Rio Tinto is edging down 0.3 percent and Mineral Resources is losing more than 4 percent. Fortescue Metals is flat. Oil stocks are mostly higher. Woodside Energy and Santos are gaining almost 1 percent each, while Beach energy is edging up 0.4 percent and Origin Energy is advancing almost 2 percent. Among tech stocks, Zip is adding more than 2 percent, Appen is surging almost 5 percent, WiseTech Global is gaining almost 2 percent and Xero is up almost 1 percent each, while Afterpay-owner Block is losing more than 2 percent. Among the big four banks, Commonwealth Bank and Westpac are gaining almost 1 percent each, while ANZ Banking is adding more than 1 percent and National Australia Bank is edging up 0.2 percent. Gold miners are mostly higher. Evolution Mining is advancing almost 2 percent, Northern Star Resources is adding more than 1 percent, Newmont is up almost 1 percent and Gold Road Resources is rising more than 2 percent. Resolute Mining is flat. In the currency market, the Aussie dollar is trading at $0.646 on Friday. Snapping a three-session losing streak, the Japanese stock market is significantly higher on Friday, despite the broadly negative cues from Wall Street overnight. The benchmark Nikkei 225 is moving well above the 38,800 level, with gains across all sectors led by index heavyweights and technology stocks as traders reacted to solid domestic GDP data. The benchmark Nikkei 225 Index closed the morning session at 38,842.13, up 306.43 points or 0.80 percent, after touching a high of 39,101.64 earlier. Japanese stocks closed notably lower on Thursday. Market heavyweight SoftBank Group is gaining more than 1 percent and Uniqlo operator Fast Retailing is also adding more than 1 percent. Among automakers, Honda is gaining more than 2 percent and Toyota is also adding more than 2 percent. In the tech space, Advantest is gaining more than 1 percent, Screen Holdings is advancing almost 5 percent and Tokyo Electron is adding more than 2 percent. In the banking sector, Mitsubishi UFJ Financial and Sumitomo Mitsui Financial are gaining almost 1 percent each, while Mizuho Financial is surging more than 5 percent. Among major exporters, Mitsubishi Electric and Sony are gaining more than 1 percent each, while Canon is adding almost 1 percent. Panasonic is losing more than 2 percent. Among other major gainers, Japan Steel Works is soaring more than 8 percent, Nissan Motor is surging more than 6 percent, Disco is advancing almost 5 percent and JGC Holdings is gaining more than 4 percent, while Keyence and Tokyo Electric Power are adding more than 3 percent each. Denka, Lasertec, Chubu Electric Power, Comsys Holdings, Odakyu Electric Railway and Yamaha Motor are rising almost 3 percent each. Conversely, Dentsu Group is plummeting almost 15 percent, Asahi Group is declining more than 5 percent and NEXON is down more than 4 percent, while Rakuten Group and Ebara are losing almost 2 percent each. In economic news, Japan's gross domestic product expanded by a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024, the Cabinet Office said in Friday's preliminary report. That was in line with expectations and down from 0.7 percent in the second quarter. On an annualized basis, GDP was up 0.9 percent - down from 2.9 percent in the three months prior. External demand was down 0.4 percent on quarter, missing forecasts for an increase of 0.1 percent after slipping 0.1 percent in the previous three months. The GDP price index rose 2.5 percent on year, missing expectations for 2.8 percent and slowing from 3.1 percent in the second quarter. Private consumption was up 0.9 percent on quarter - unchanged from Q2 and beating forecasts for 0.2 percent. In the currency market, the U.S. dollar is trading in the loser 156 yen-range on Friday. Elsewhere in Asia, New Zealand, China, Hong Kong, Indonesia and Taiwan are higher by between 0.1 and 0.6 percent each. Malaysia and South Korea are down 0.2 and 0.6 percent, respectively. Singapore is relatively flat. On Wall Street, stocks came under pressure in the latter part of the trading day on Thursday after showing a lack of direction for much of the session. The major averages slid more firmly into negative territory after spending most of the day bouncing back and forth across the unchanged line. The major averages ended the day just off their lows of the session. The Dow slid 207.33 points or 0.5 percent to 43,750.86, the Nasdaq fell 123.07 points or 0.6 percent to 19,107.65 and the S&P 500 declined 36.21 points or 0.6 percent to 5,949.17. Meanwhile, the major European markets moved to the upside on the day. While the U.K.'s FTSE 100 Index climbed by 0.5 percent, the French CAC 40 Index and the German DAX Index jumped by 1.3 percent and 1.4 percent, respectively. Crude oil prices settled higher on Thursday, supported by data showing a drop in gasoline stockpiles. West Texas Intermediate Crude oil futures for December closed up $0.27 or about 0.4 percent at $68.70 a barrel.

Asian Markets Rally Despite China Sell-off

(RTTNews) - Asian markets broadly rallied and remained insulated from the turbulence in China's stock markets. Market sentiment in Japan improved considerably after headline inflation rate slowed to a nine-month low. Weak corporate earnings, worries about economic growth as well as concerns about the efficacy and sufficiency of stimulus measures contributed to the sell-off in China and Hong Kong. China's Shanghai Composite Index tumbled more than 3 percent to finish trading at 3,267.19. The day's trading ranged between 3,372.00 and 3,267.19. The Shenzhen Component Index plunged 3.5 percent to close at 10,438.72. The Hang Seng Index of the Hong Kong Stock Exchange also dropped 371 points or 1.9 percent from the previous close to finish trading at 19,229.97. The day's trading range was between a high of 19,711.40 and a low of 19,134.59. The Japanese benchmark Nikkei 225 rebounded 258 points or 0.68 percent to close at 38,146.98. The day's trading range was between 38,420.63 and 38,085.13. Credit Saison surged 6.2 percent. Mitsui Chemicals rallied more than 5 percent. Resonac Holdings Corp, Yokogawa Electric Corp and Obayashi Corp, all gained more than 4 percent. Taiyo Yuden, Suzuki Motor Corp and IHI Corp, all slipped more than 2 percent. Omron Corp and Isetan Mitsukoshi Holdings, both declined more than 1 percent. Korean Stock Exchange's Kospi Index added 21 points or 0.83 percent to close trading at 2,501.24. The day's trading range was between 2,492.21 and 2,511.23. Australia's S&P/ASX200 closed trading at 8,393.80, gaining 70 points or 0.85 percent from the previous close of 8,323.00 The day's trading range was between 8,323.00 and 8,416.40. New Zealand-headquartered The A2 Milk Company surged 13 percent after the company announced plans to pay dividends for the first time in its 20-year history. Deep Yellow rallied 6.3 percent. Paladin Energy, Yancoal Australia and Sigma Healthcare, all gained more than 5 percent. Wisetech Global plunged 12.4 percent after providing its fiscal 2025 revenue guidance. Megaport followed with losses of 9.5 percent. Pilbara Minerals declined 6.8 percent. Audinate Group slipped 5.5 percent whereas NextDC lost 3.7 percent. The NZX 50 of the New Zealand Stock Exchange jumped 277 points or 2.2 percent to close trading at 13,041.90, versus the previous close of 12,765.24. Trading ranged between 12,765.24 and 13,054.69. A2 Milk jumped more than 18 percent after the company upgraded revenue outlook and announced plans to pay dividends for the first time in its 20-year history. EROAD rallied 6.7 percent followed by Fisher & Paykel Healthcare that gained 4.3 percent. Fletcher Building and Kiwi Property Group, both gained more than 3 percent. Oceania Healthcare slipped 5 percent followed by KMD Brands that declined 4.7 percent. Vital Healthcare Property Trust and Tourism Holdings, both lost more than 2 percent. ANZ Group Holdings also shed close to 2 percent in the day's trading. Wall Street had closed on a positive note on Thursday as markets digested NVIDIA's earnings report as well as latest labor market data. The Dow Jones Industrial Average rallied 1.1 percent to finish trading at 43,870.35 whereas the Nasdaq Composite edged up 0.03 percent to close trading at 18,972.42.

(RTTNews) - Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid optimism over the U.S. presidential election as early results show Republican candidate Donald Trump surging ahead of Democratic candidate Kamala Harris. Traders also remain cautious ahead of the US Fed's interest rate decision tomorrow. Asian markets closed mostly higher on Tuesday. The Fed is widely expected to lower interest rates by another 25 basis points, but traders will be looking to the accompanying statement for clues about the likelihood of future rate cuts. Australian shares are trading significantly higher on Wednesday, reversing the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,200 level, following the broadly positive cues from Wall Street overnight, with gains across all sectors led by technology and financial stocks. The benchmark S&P/ASX 200 Index is gaining 84.70 points or 1.04 percent to 8,216.50, after touching a high of 8,219.10 earlier. The broader All Ordinaries Index is up 86.10 points or 1.03 percent to 8,473.90. Australian stocks ended notably lower on Tuesday. Among major miners, BHP Group is gaining almost 1 percent, Rio Tinto is adding more than 1 percent and Fortescue Metals is edging up 0.5 percent, while Mineral Resources is edging down 0.5 percent. Oil stocks are mostly higher. Woodside Energy is edging up 0.1 percent and Origin Energy is gaining more than 1 percent, while Santos is edging down 0.1 percent. Beach energy is flat. In the tech space, Zip is surging almost 7 percent, Appen is advancing more than 6 percent, WiseTech Global is adding more than 1 percent and Xero is gaining more than 4 percent, while Afterpay owner Block is edging down 0.2 percent. Among the big four banks, Commonwealth Bank and Westpac are gaining almost 1 percent each, while National Australia Bank is adding more than 1 percent and ANZ Banking is edging up 0.2 percent. Among gold miners, Evolution Mining and Newmont are gaining more than 1 percent each, while Gold Road Resources and Northern Star Resources are edging up 0.3 to 0.4 percent each. Resolute Mining is adding almost 1 percent. In the currency market, the Aussie dollar is trading at $0.656 on Wednesday. The Japanese stock market is trading sharply higher on Wednesday, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is surging more than 2 percent to above the 39,300 level, with gains across most sectors led by financial and technology stocks. The benchmark Nikkei 225 Index closed the morning session at 39,341.44, up 866.54 points or 2.25 percent, after touching a high of 39,341.44 earlier. Japanese stocks ended significantly higher on Tuesday. Market heavyweight SoftBank Group is gaining almost 2 percent and Uniqlo operator Fast Retailing is edging up 0.5 percent. Among automakers, Honda is gaining almost 1 percent, while Toyota is edging down 0.4 percent. In the tech space, Advantest is advancing more than 5 percent, Tokyo Electron is adding more than 1 percent and Screen Holdings is gaining more than 1 percent. In the banking sector, Sumitomo Mitsui Financial and Mizuho Financial are advancing almost 4 percent each, while Mitsubishi UFJ Financial is gaining more than 3 percent. Among the major exporters, Sony is gaining more than 1 percent, Canon is edging up 0.2 percent and Mitsubishi Electric is advancing almost 2 percent, while Panasonic are edging down 0.3 percent. Among other major gainers, DeNA, IHI and Resona Holdings are gaining more than 5 percent each, while Kawasaki Heavy Industries is adding almost 5 percent. Mitsubishi Heavy Industries, TDK, CyberAgent and Japan Steel Works are adding more than 4 percent each, while Tosoh, Isetan Mitsukoshi, J. Front Retailing and Yamaha are advancing almost 4 percent each. Conversely, Mercari is plummeting more than 14 percent and Konica Minolta is declining more than 3 percent. In economic news, the services sector in Japan fell into contraction territory in October, the latest survey from Jibun Bank revealed on Wednesday with a services PMI of 49.7. That's down from 53.1 in September, and it falls beneath the boom-or-bust line of 50 that separates expansion from contraction. Meanwhile, members of the Bank of Japan's Monetary Policy Board agreed that Japan's economy has recovered modestly, and is expected to continue to do so, minutes from the board's September 19-20 monetary policy meeting revealed on Wednesday. At the meeting, the BoJ kept its benchmark interest rate unchanged at 0.25 percent, as widely expected. The BoJ ended its negative interest rate policy in March. In the currency market, the U.S. dollar is trading in the higher 153 yen-range on Wednesday. Elsewhere in Asia, Taiwan is up 1.0 percent, while New Zealand, China, South Korea and Malaysia are higher by between 0.1 and 0.5 percent each. Hong Kong and Indonesia are down 1.9 and 0.2 percent, respectively. Singapore is relatively flat. On the Wall Street, stocks showed a lack of direction over the course of Monday's session before closing moderately lower but showed a strong move back to the upside during trading on Tuesday. The tech-heavy Nasdaq helped lead the way higher. The major averages ended the day off their highs of the session but still firmly positive. The Nasdaq surged 259.19 points or 1.4 percent to 18,439.17, the S&P 500 shot up 70.07 points or 1.2 percent to 5,782.76 and the Dow jumped 427.28 points or 1.0 percent to 42,221.88. The major European markets also moved to the upside on the day. The German DAX Index climbed by 0.6 percent and the French CAC 40 Index rose by 0.5 percent, although the U.K.'s FTSE 100 Index bucked the uptrend and edged down by 0.1 percent. Crude oil prices settled higher on Tuesday, extending gains from the previous session as traders reacted positively to OPEC's decision to delay production increases, while a weaker dollar also supported prices. West Texas Intermediate Crude oil futures for December closed up $0.52 or 0.73 percent at $71.99 a barrel.

(RTTNews) - Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, as traders react to the report showing producer prices in the U.S. were unexpectedly unchanged in September, reinforcing optimism the US Fed will continue lowering interest rates in the coming months, although hopes for another 50-basis point cut next month largely evaporated. Asian markets closed mixed on Friday. "After an upside surprise from the September CPI report, producer prices came in below expectations and provide support for a 25bps rate cut in November," said Matthew Martin, Senior U.S. Economist at Oxford Economics. Markets in China and Hong Kong are weak after China's finance ministry flagged more fiscal stimulus over the weekend but left out key details on the overall size of the package. Meanwhile, China's consumer inflation unexpectedly eased in September, while producer price deflation deepened, raising concerns about weak domestic demand. The Australian stock market is currently trading notably higher on Monday, reversing the slight losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 8,200.00 level, with gains in mining and financial stocks partially offset by weakness in energy stocks. The benchmark S&P/ASX 200 Index is gaining 37.40 points or 0.46 percent to 8,251.90, after touching of 8,254.10 earlier. The broader All Ordinaries Index is up 35.90 points or 0.42 percent to 8,527.40. Australian stocks closed slightly lower on Friday. Among the major miners, BHP Group and Rio Tinto are edging up 0.1 to 0.5 percent each, while Fortescue Metals is gaining more than 1 percent. Mineral Resources is losing almost 2 percent. Oil stocks are mostly lower. Origin Energy Energy is edging down 0.4 percent and Santos is down more than 1 percent, while Beach energy and Woodside Energy are losing almost 1 percent each. Among tech stocks, Afterpay owner Block is losing almost 2 percent and Zip is declining more than 1 percent, while Appen is gaining almost 3 percent and Xero is adding almost 1 percent. WiseTech Global is flat. Gold miners are mostly higher. Evolution Mining and Northern Star Resources are gaining more than 1 percent each, while Resolute Mining is adding more than 2 percent and Newmont is edging up 0.4 percent. Gold Road Resources is flat. Among the big four banks, Commonwealth Bank, Westpac and National Australia Bank are edging up 0.4 to 0.5 percent each, while ANZ Banking is gaining almost 1 percent. In other news, shares in Web Travel Group are tumbling 31 percent after it said subdued margins in its European WebBeds business led to disappointing results and weak outlook. In the currency market, the Aussie dollar is trading at $0.673 on Monday. The Japanese stock market is closed for Sports Day on Monday. Japanese shares ended notably higher on Friday. In the currency market, the U.S. dollar is trading in the lower 149 yen-range on Monday. Elsewhere in Asia, Singapore, South Korea, Malaysia, Taiwan and Indonesia are higher by between 0.2 and 0.5 percent each. Hong Kong is down 2.5 percent, while New Zealand and China are down 0.6 and 0.2 percent, respectively. On Wall Street, stocks showed a strong move back to the upside during trading on Friday following the modest pullback seen in the previous session. The major averages more than offset yesterday's losses, with the Dow and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels going into the close but remained firmly positive. The Dow jumped 409.74 points or 1.0 percent to 42,863.86, the S&P 500 climbed 34.96 points or 0.6 percent to 5,815.03 and the Nasdaq rose 60.89 points or 0.3 percent to 18,342.94. The major European markets all also moved to the upside over the course of the session. While the German DAX Index advanced by 0.9 percent, the French CAC 40 Index climbed by 0.5 percent and the U.K.'s FTSE 100 Index edged up by 0.2 percent. Crude oil prices saw a modest pullback on Friday after surging in the previous session. West Texas Intermediate crude for November delivery dipped $0.29 or 0.4 percent to $75.56 a barrel. Despite the pullback on the day, the price of crude oil jumped by 1.6 percent for the week.

(RTTNews) - Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as markets continued to benefit from optimism about the outlook for interest rates following the release of the latest US inflation data. Asian Markets closed mostly lower on Wednesday. Following the recent latest batch of economic data, CME Group's FedWatch tool is indicating a 94.2 percent chance the US Fed will lower interest rates by a quarter point next month. The Australian market is trading significantly higher on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,300 level to fresh all-time highs, with gains in energy and financial stocks as well as some mining and technology stocks. The benchmark S&P/ASX 200 Index is gaining 60.40 points or 0.73 percent to 8,345.10, after touching an all-time high of 8,384.50 earlier. The broader All Ordinaries Index is up 57.00 points or 0.67 percent to 8,613.60. Australian stocks ended modestly lower on Wednesday. Among major miners, Rio Tinto, Mineral Resources and Fortescue Metals are edging up 0.1 to 0.3 percent each, while BHP Group is edging down 0.2 percent. Oil stocks are mostly higher. Woodside Energy, Beach energy and Santos are edging up 0.1 to 0.4 percent each, while Origin Energy is gaining almost 1 percent. In the tech space, Afterpay owner Block is gaining almost 3 percent, Xero is adding more than 1 percent and Zip is edging up 0.2 percent, while WiseTech Global is declining almost 4 percent and Appen is losing more than 3 percent. Among the big four banks, Commonwealth Bank and ANZ Banking are gaining almost 1 percent each, while National Australia Bank is adding more than 1 percent and Westpac is advancing almost 2 percent. Among gold miners, Evolution Mining and Northern Star Resources are edging down 0.1 to 0.4 percent each, while Resolute Mining is gaining more than 1 percent, Gold Road Resources is edging up 0.5 percent and Newmont is adding almost 1 percent. In other news, shares in AMP Ltd are surging almost 14 percent after the wealth manager reported strong business growth in the third quarter. In economic news, the unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in September, the Australian Bureau of Statistics said on Thursday. That was below estimates for 4.2 percent, which would have been unchanged from the August reading. The Australian economy added 64,100 jobs last month, blowing away forecasts for an increase of 25,200 jobs following the addition of 47,500 jobs in the previous month. The participation rate ticked up to 67.2 percent, beating expectations for 67.1 percent - which would have been unchanged. In the currency market, the Aussie dollar is trading at $0.670 on Thursday. Adding to the losses in the previous session, the Japanese market is notably lower on Thursday after opening in the green, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 39,000 mark, with weakness in exporters and technology stocks partially offset by gains in automakers and financial stocks. Traders also reacted to domestic data that showed Japan posting a trade deficit in September as exports unexpectedly declined, while imports growth slowed. The benchmark Nikkei 225 Index closed the morning session at 38,944.93, down 235.37 points or 0.60 percent, after touching a high of 39,299.74 and a low of 38,932.69 earlier. Japanese shares ended sharply lower on Wednesday. Market heavyweight SoftBank Group is edging down 0.4 percent, while Uniqlo operator Fast Retailing is edging up 0.3 percent. Among automakers, Toyota is gaining almost 2 percent and Honda is adding almost 1 percent. In the tech space, Tokyo Electron is losing more than 2 percent, Advantest is declining almost 3 percent and Screen Holdings is down almost 1 percent. In the banking sector, Mizuho Financial and Mitsubishi UFJ Financial are gaining almost 2 percent each, while Sumitomo Mitsui Financial is adding more than 1 percent. Among the major exporters, Sony and Canon are edging down 0.1 to 0.2 percent each, while Mitsubishi Electric is losing almost 1 percent each. Panasonic is advancing almost 1 percent. Among other major losers, Fujikura is losing almost 5 percent and ZOZO is down more than 3 percent, while BANDAI NAMCO and Hoya are declining almost 3 percent each. Conversely, Chubu Electric Power is surging more than 4 percent, while Tokyo Electric Power and Kansai Electric Power are gaining almost 4 percent each. Toho is adding more than 3 percent and Subaru is advancing almost 3 percent. In economic news, Japan posted a merchandise trade deficit of 294.3 billion yen in September, the Ministry of Finance said on Thursday. That missed forecasts for a shortfall of 237.6 billion yen following the downwardly revised 703.2 billion yen deficit in August (originally -695.3 billion yen). Exports fell 1.7 percent on year to 9.038 trillion yen - shy of expectations for an increase of 0.5 percent following the downwardly revised 5.5 percent increase in the previous month (originally 5.6 percent). Imports rose an annual 2.1 percent to 9.332 trillion yen versus expectations for a gain of 3.2 percent following the 2.3 percent increase a month earlier. In the currency market, the U.S. dollar is trading in the lower 149 yen-range on Thursday. Elsewhere in Asia, Hong Kong and Singapore are up 1.3 and 1.0 percent, respectively, while New Zealand, China, South Korea, Malaysia and Indonesia are higher by between 0.1 and 0.6 percent each. Taiwan is relatively flat. On Wall Street, stocks showed a lack of direction early in the session on Wednesday but moved mostly higher over the course of the trading day. With the upward move, the Dow more than offset the loss posted during Tuesday's session, reaching a new record closing high. The major averages bounced back and forth across the unchanged line in early trading but climbed more firmly into positive territory as the day progressed. The Dow jumped 337.28 points or 0.8 percent to 43,077.70, the Nasdaq rose 51.49 points or 0.3 percent to 18,367.08 and the S&P 500 climbed 27.21 points or 0.5 percent to 5,842.47. Meanwhile, the major European markets turned in a mixed performance on the day. While the U.K.'s FTSE 100 Index jumped by 1.0 percent, the German DAX Index slipped by 0.3 percent and the French CAC 40 Index fell by 0.4 percent. Crude oil prices settled lower on Wednesday, weighed down by concerns about weak demand from China and easing geopolitical worries. West Texas Intermediate Crude oil futures for November ended down $0.19 at $70.39 a barrel.

(RTTNews) - Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid bets the US Fed will proceed with modest rate cuts in the near term after recent US inflation data that showed producer prices were unexpectedly unchanged in September, while the annual rate price growth slowed modestly. Asian markets closed mixed on Monday. While hopes the Fed will lower rates by another 50 basis points next month have largely evaporated, the data reinforced optimism the central bank will cut rates by 25 basis points. CME Group's FedWatch Tool is currently indicating an 86.1 percent chance the Fed will cut rates by a quarter point at its November meeting. Adding to the gains in the previous session, the Australian stock market is trading significantly higher on Tuesday, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,300 level to fresh all-time highs, with gains across most sectors led by mining and technology stocks. Energy stocks were the only weak spot amid tumbling crude oil prices. The benchmark S&P/ASX 200 Index is gaining 63.70 points or 0.77 percent to 8,316.50, after touching an all-time high of 8,331.70 earlier. The broader All Ordinaries Index is up 62.90 points or 0.74 percent to 8,592.40. Australian stocks closed notably higher on Monday. Among the major miners, BHP Group is gaining almost 1 percent, while Rio Tinto and Fortescue Metals are adding more than 1 percent each. Mineral Resources is flat. Oil stocks are mostly lower. Origin Energy is losing almost 1 percent, while Woodside Energy and Santos are declining more than 1 percent each. Beach energy is flat. Among tech stocks, Xero and WiseTech Global are adding more than 1 percent each, while Afterpay owner Block is advancing more than 3 percent and Appen is gaining almost 1 percent. Zip is losing more than 1 percent. Gold miners are mostly higher. Gold Road Resources and Northern Star resources are gaining almost 1 percent each, while Evolution Mining is edging up 0.4 percent, Newmont is adding more than 1 percent and Resolute Mining advancing almost 4 percent. Among the big four banks, Commonwealth Bank, ANZ Banking, National Australia Bank and Westpac are gaining almost 1 percent each. In the currency market, the Aussie dollar is trading at $0.673 on Tuesday. Extending from the gains in the previous three sessions, the Japanese stock market is sharply higher in post-holiday trade on Tuesday, with the Nikkei 225 moving above the 40,200 level, following the broadly positive cues from Wall Street overnight, with gains across all the sectors led by index heavyweights and technology stocks. The benchmark Nikkei 225 Index closed the morning session at 40,232.45, up 626.65 points or 1.58 percent, after touching a high of 40,257.34 earlier. Japanese shares ended notably higher on Friday ahead of the holiday on Monday. Market heavyweight SoftBank Group is gaining almost 6 percent, while Uniqlo operator Fast Retailing is edging down 0.3 percent. Among automakers, Honda is edging up 0.4 percent and Toyota is edging up 0.5 percent. In the tech space, Advantest is gaining more than 3 percent, Screen Holdings is advancing almost 6 percent and Tokyo Electron is adding more than 4 percent. In the banking sector, Mitsubishi UFJ Financial, Mizuho Financial and Sumitomo Mitsui Financial are gaining more than 2 percent each. The major exporters are mostly higher. Canon is adding almost 2 percent, while Sony and Mitsubishi Electric are gaining almost 1 percent each. Panasonic is losing almost 1 percent. Among the other major gainers, Socionext is surging almost 6 percent and Chugai Pharmaceutical is adding more than 5 percent, while Lasertec and Isetan Mitsukoshi are advancing almost 5 percent each. Tokio Marine is gaining more than 4 percent each, while Renesas Electronics and Mercari are up almost 4 percent each. Taiyo Yuden, Ebara and Recruit Holdings are rising more than 3 percent each, while Concordia Financial and Rakuten Group are up almost 3 percent each. Conversely, Kawasaki Heavy Industries, ENEOS Holdings and Inpex are losing almost 3 percent each. In the currency market, the U.S. dollar is trading in the higher 149 yen-range on Tuesday. Elsewhere in Asia, Taiwan is up 1.2 percent, while New Zealand, Singapore, Malaysia, South Korea, and Indonesia are higher by between 0.1 and 0.7 percent each. Hong Kong and China are down 1.2 and 0.8 percent, respectively. On Wall Street, stocks saw further upside during trading on Monday following the strong upward move seen during last Friday's session. The major averages all moved higher on the day, with the Dow and the S&P 500 reaching new record closing highs. The major averages reached new highs for the session late in the day before giving back some ground going into the close. The Dow rose 201.36 points or 0.5 percent to 43,065.22, the Nasdaq jumped 159.75 points or 0.9 percent to 18,502.69 and the S&P 500 climbed 44.82 points or 0.8 percent to 5,859.85. The major European markets all also moved to the upside on the day. While the German DAX Index advanced by 0.7 percent, the U.K.'s FTSE 100 Index climbed by 0.5 percent and the French CAC 40 Index rose by 0.3 percent. Crude oil prices fell sharply on Monday, weighed down by another downward revision in demand forecast by OPEC, and concerns about demand from China. West Texas Intermediate Crude oil futures ended down $1.73 or about 2.29 percent at $73.83 a barrel.

(RTTNews) - Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, as traders remain cautious amid lingering geopolitical tensions in the Middle-East, the uncertainty over the US election outcome and the US Fed's monetary policy announcement later in the week. Asian markets closed mostly lower on Friday. Meanwhile, data showing weaker than expected US job growth in October renewed optimism over the outlook for interest rates. The Australian stock market is currently trading notably higher on Monday, reversing some of the losses in the previous three sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,100.00 level, with gains in financial and energy stocks. The benchmark S&P/ASX 200 Index is gaining 42.10 points or 0.52 percent to 8,160.90, after touching of 8,162.30 earlier. The broader All Ordinaries Index is up 39.40 points or 0.47 percent to 8,419.10. Australian stocks closed notably lower on Friday. Among the major miners, BHP Group and Fortescue Metals are edging down 0.4 to 0.5 percent each, while Rio Tinto is losing more than 1 percent and Mineral Resources is plunging more than 8 percent on news that managing director Chris Ellison will step down after the board found he used the company's resources for his personal benefits. Oil stocks are mostly higher. Origin Energy is gaining more than 1 percent, while Beach energy and Santos is edging up 0.2 to 0.3 percent each. Woodside Energy is losing almost 1 percent. Among tech stocks, Afterpay owner Block is losing 1.5 percent, Zip is edging down 03 percent and Appen is down almost 2 percent, while Xero is gaining more than 1 percent and WiseTech Global is adding almost 2 percent. Gold miners are mixed. Evolution Mining and Gold Road Resources are losing almost 1 percent each, while Northern Star Resources, Newmont and Resolute Mining are edging up 0.1 to 0.4 percent each. Among the big four banks, Commonwealth Bank is edging up 0.3 percent and National Australia Bank is gaining almost 1 percent, while ANZ Banking is edging down 0.1 percent. Westpac is flat. In the currency market, the Aussie dollar is trading at $0.660 on Monday. The Japanese stock market is closed for Culture Day holiday on Monday. Japanese shares ended sharply lower on Friday. In the currency market, the U.S. dollar is trading in the higher 151 yen-range on Monday. Elsewhere in Asia, South Korea is up 1.4 percent, while is up 1.1 percent, while New Zealand, China, Hong Kong, Singapore, Malaysia and Taiwan are higher by between 0.3 and 0.5 percent each. Indonesia is bucking the trend and is down 0.6 percent. On Wall Street, stocks showed a strong move back to the upside in early trading on Friday following the sell-off seen during Thursday's session. The major averages gave back some ground over the course of the trading day but remained firmly in positive territory. The tech-heavy Nasdaq led the way higher, advancing 144.77 points or 0.8 percent to 18,239.92 after moving sharply lower over two previous sessions. The Dow also climbed 288.73 points or 0.7 percent to 42,052.19, bouncing off its lowest closing level in over a month, while the S&P 500 rose 23.35 points or 0.4 percent to 5,728.80. The major European markets have also moved to the upside on the day. While the German DAX Index advanced by 0.9 percent, the U.K.'s FTSE 100 Index and the French CAC 40 Index both climbed by 0.8 percent. Crude oil prices climbed higher on Thursday amid expectations of increased demand from the U.S. and a likely delay in OPEC's planned output increase from December. West Texas Intermediate Crude oil futures for December ended higher by $0.65 or 0.95 percent at $69.26 a barrel.

Asian Markets Track Wall Street Lower

(RTTNews) - Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic about more interest rate cuts by the US Fed, and several other central banks. The minutes from the US Fed's September meeting showed officials agreed to cut interest rates, but were unsure how aggressive to get. Asian Markets closed mixed on Wednesday. Traders now look ahead to the release of US consumer price and producer price inflation data for more clarity on how aggressively the Fed will lower rates in the coming months. New York Fed President John Williams said on Tuesday that it will be appropriate again for the central bank to reduce rates 'over time.' Separately, Fed Governor Adriana Kugler said there is a case for more easing if inflation keeps easing. The Australian market is trading notably higher on Thursday, extending the slight gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,200 level, with gains across most sectors led by mining, energy and technology stocks. The benchmark S&P/ASX 200 Index is gaining 44.10 points or 0.54 percent to 8,231.50, after touching a high of 8,242.80 earlier. The broader All Ordinaries Index is up 48.10 points or 0.57 percent to 8,504.90. Australian stocks ended slightly higher on Wednesday. Among major miners, Fortescue Metals is adding almost 2 percent and Mineral Resources is advancing almost 3 percent, while BHP Group and Rio Tinto are gaining almost 1 percent each. Oil stocks are mostly higher. Beach energy is gaining almost 2 percent, Woodside Energy is adding almost 1 percent and Santos is edging up 0.5 percent, while Origin Energy is edging down 0.4 percent. In the tech space, Afterpay owner Block and Xero are edging up 0.4 to 0.5 percent each, while Appen is surging more than 7 percent and Zip is advancing 3.5 percent. WiseTech Global is edging down 0.1 percent. Among the big four banks, Commonwealth Bank and Westpac are edging up 0.5 percent each, while ANZ Banking is gaining more than 1 percent. National Australia Bank is flat. Among gold miners, Evolution Mining and Gold Road Resources are edging up 0.1 to 0.3 percent each, while Resolute Mining is gaining 2.5 percent and Northern Star Resources is up almost 1 percent. Newmont is losing almost 1 percent. In other news, shares in Arcadium Lithium are skyrocketing 31 percent after Rio Tinto agreed to buy it in a $9.9 billion deal. In the currency market, the Aussie dollar is trading at $0.673 on Thursday. Adding to the gains in the previous session, the Japanese market is modestly higher on Thursday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving to near the 39,400 level, with gains in index heavyweights and financial stocks partially offset by weakness in technology stocks. The benchmark Nikkei 225 Index closed the morning session at 39,395.05, up 117.09 points or 0.30 percent, after touching a high of 39,616.59 earlier. Japanese shares ended significantly higher on Wednesday. Market heavyweight SoftBank Group is gaining more than 3 percent and Uniqlo operator Fast Retailing is adding almost 1 percent. Among automakers, Toyota is gaining almost 1 percent and Honda is also adding almost 1 percent. In the tech space, Tokyo Electron is losing almost 1 percent, while Advantest and Screen Holdings are declining more than 1 percent each. In the banking sector, Mizuho Financial and Sumitomo Mitsui Financial are gaining more than 1 percent each, while Mitsubishi UFJ Financial is adding almost 2 percent. Among the major exporters, Canon is adding almost 1 percent, Sony is edging up 0.1 percent and Mitsubishi Electric is gaining almost 2 percent, while Panasonic is edging down 0.4 percent. Among other major gainers, Nikon is gaining more than 3 percent. Conversely, Aeon is plummeting more than 9 percent, Kawasaki Heavy Industries is declining almost 5 percent and Fujikura is losing more than 3 percent. In economic news, producer prices in Japan were unchanged in September, the Bank of Japan or BoJ said on Thursday - versus expectations for a decline of 0.3 percent following the 0.2 percent drop in August. On a yearly basis, producer prices rose 2.8 percent - exceeding forecasts for an increase of 2.3 percent and up from 2.6 percent in the previous month. Export prices fell 0.4 percent on month and rose 0.5 percent on year, the bank said, while import prices slumped 1.3 percent on month and 0.4 percent on year. The foreign exchange rate slumped 2.0 percent on month. The BoJ also said the value of overall bank lending in Japan was up 2.7 percent on year in September, the Bank of Japan said on Thursday - coming in at 624.24 trillion yen. That was shy of expectations for an increase of 2.9 percent and down from 3.0 percent in August. For the third quarter of 2024, overall lending was up 3.0 percent on year, lending excluding trusts rose 3.3 percent and lending from trusts was up 0.6 percent. In the currency market, the U.S. dollar is trading in the lower 149 yen-range on Thursday. Elsewhere in Asia, Hong Kong is up 2.5 percent, while New Zealand, Singapore, South Korea and Malaysia are higher by between 0.3 and 0.4 percent each. China and Indonesia are down 0.3 and 0.1 percent, respectively. Taiwan is closed for National Day holiday. On Wall Street, stocks started off on a somewhat flat note on Wednesday, but gained in strength as the day progressed, as investors assessed the minutes of the Federal Reserve's most recent policy meeting, and looked ahead to the nation's consumer price and producer price inflation data for more clarity on interest-rate trajectory. The major averages all closed on a buoyant note, with the Dow and S&P 500 moving on to fresh record highs. The Dow ended with a gain of 431.63 points or 1.03 percent at 42,512.00, the S&P 500 closed up 40.91 points or 0.71 percent at 5,792.04 and the Nasdaq settled higher by 108.70 points or 0.6 percent to 18,291.62. The major European markets also ended the day higher on the day. The U.K.'s FTSE 100 ended higher by 0.65 percent, Germany's DAX gained 0.99 percent and France's CAC 40 ended 0.52 percent up. Crude oil prices fell Wednesday after data showed a big jump in crude inventories which outweighed possible supply disruptions due to Hurricane Milton and Middle East tensions. West Texas Intermediate Crude oil futures for November fell $0.33 or 0.45 percent at $73.24 a barrel.

(RTTNews) - Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, as weak commodity prices are triggering some heavy selling in energy and materials sectors. Some traders also looked to cash in on the recent strength in the markets following the U.S. elections and seemed reluctant to make more significant moves ahead of the highly anticipated report on US consumer price inflation later in the day. Asian markets closed mostly lower on Tuesday. Australian shares are trading significantly lower on Wednesday, adding to the losses in the previous two sessions, with the benchmark S&P/ASX 200 falling well below the 8,200 level, following the broadly negative cues from Wall Street overnight, with weakness across most sectors led by mining and energy stocks amid weak commodity prices. The benchmark S&P/ASX 200 Index is losing 78.70 points or 0.95 percent to 8,176.90, after hitting a low of 8,139.10 earlier. The broader All Ordinaries Index is down 79.70 points or 0.94 percent to 8,435.50. Australian stocks ended slightly lower on Tuesday. Among major miners, BHP Group is losing almost 2 percent and Rio Tinto is declining more than 3 percent, while Fortescue Metals is flat. Mineral Resources is slipping almost 7 percent on news the lithium miner will put operations on hold at the Bald Hill site in Western Australia until spodumene prices improve. Oil stocks are mostly lower. Woodside Energy and Beach energy are losing more than 1 percent each, while Santos and Origin Energy are edging down 0.3 to 0.5 percent each. In the tech space, Zip is losing almost 1 percent and Appen is declining almost 4 percent, while Afterpay owner Block is gaining almost 4 percent. WiseTech Global and Xero are edging up 0.1 to 0.5 percent each. Among the big four banks, Commonwealth Bank and Westpac are losing almost 2 percent each, while National Australia Bank is declining more than 2 percent and ANZ Banking is slipping almost 5 percent. Among gold miners, Evolution Mining and Newmont are losing 1.5 percent each, while Gold Road Resources is down almost 1 percent, Northern Star Resources is edging down 0.4 percent and Resolute Mining is declining more than 3 percent. In other news, shares in Light & Wonder are slipping more than 6 percent after it reported a 15 percent rise in gaming revenue in the three months to the end of September, driven by global gaming machine sales growth. However, earnings per share fell short of analysts' expectations. Shares is James Hardie are surging are almost 6 percent after the building materials giant reaffirmed the lower end of its volume guidance, despite posting a 23 percent drop in net profit, citing a "challenging demand environment" for its products, particularly in Asia and Europe. Shares in Selfwealth are skyrocketing 72 percent after it received a buyout offer from Bell Financial Group at 22¢ apiece, almost double yesterday's closing price. In economic news, the wage price index in Australia was up a seasonally adjusted 0.8 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday. That was unchanged from the previous three months, although it was shy of expectations for an increase of 0.9 percent. Both the private sector and the public sector rose 0.8 percent for the quarter. On a yearly basis, wage prices were up 3.5 percent - again short of forecasts for 3.6 percent and down from 4.1 percent in the second quarter. In the currency market, the Aussie dollar is trading at $0.653 on Wednesday. The Japanese stock market is trading significantly lower on Wednesday, extending to the losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 39,000 mark, with weakness across most sectors led by index heavyweights and automaker stocks. The benchmark Nikkei 225 Index closed the morning session at 38,953.44, down 422.65 points or 1.07 percent, after hitting a low of 38,814.07 earlier. Japanese stocks ended modestly lower on Tuesday. Market heavyweight SoftBank Group is edging down 0.4 percent and Uniqlo operator Fast Retailing is down 1.5 percent. Among automakers, Honda is losing 3.5 percent and Toyota is declining 1.5 percent. In the tech space, Advantest is edging down 0.4 percent, while Tokyo Electron is adding almost 3 percent and Screen Holdings is gaining more than 1 percent. In the banking sector, Sumitomo Mitsui Financial is edging down 0.1 percent and Mitsubishi UFJ Financial is losing almost 1 percent, while Mizuho Financial is gaining almost 1 percent. Among the major exporters, Sony is losing more than 1 percent and Canon is down almost 1 percent, while Mitsubishi Electric is edging up 0.5 percent and Panasonic is gaining more than 1 percent. Among other major losers, NEXON is plummeting almost 14 percent and Sumitomo Metal Mining is sliding almost 8 percent, while Daiichi Sankyo and JGC Holdings are slipping more than 5 percent each. Japan Exchange is down more than 4 percent, while Hitachi, Recruit Holdings, Sumitomo Realty & Development, Tokyo Tatemono and DeNA are losing more than 3 percent each. Terumo, Konami Group, Yamaha Motor and Otsuka Holdings are declining almost 3 percent each. Conversely, Sharp is skyrocketing almost 13 percent and Resona Holdings is gaining almost 4 percent, while Marui Group and Furukawa Electric are adding almost 3 percent each. In economic news, producer prices in Japan were up 0.2 percent on month in October, the Bank of Japan said on Wednesday. That exceeded expectations for a flat reading and was down from the upwardly revised 0.3 percent in September (originally flat). On a yearly basis, producer prices climbed 3.4 percent - again beating forecasts for 2.9 percent and up from the upwardly revised 3.1 percent in the previous month (originally 2.9 percent). Export prices were flat on month and up 0.6 percent on year, the bank said, while import prices fell 0.2 percent on month and 2.1 percent on year. In the currency market, the U.S. dollar is trading in the higher 154 yen-range on Wednesday. Elsewhere in Asia, South Korea is down 1.4 percent, while New Zealand, China, Hong Kong and Malaysia are higher by between 0.2 and 1.0 percent each. Singapore, Indonesia and Taiwan are higher by between 0.1 and 0.4 percent each. On the Wall Street, stocks gave back ground during trading on Tuesday following the strong upward move seen in reaction to last week's last elections. The major averages fluctuated over the course of the trading session before eventually closing in negative territory. The Dow underperformed its counterparts, slumping 382.15 points or 0.9 percent to 43,910.98. The S&P 500 dipped 17.36 points or 0.3 percent to 5,983.99 and the tech-heavy Nasdaq edged down 17.36 points or 0.1 percent to 19,281.40. The major European markets also showed significant moves to the downside on the day. While the French CAC 40 Index plunged by 2.7 percent, the German DAX Index tumbled by 2.1 percent and the U.K.'s FTSE 100 Index slid by 1.2 percent. Crude oil prices edged up only a bit on Tuesday after OPEC lowered its global oil demand forecast for 2025, while the dollar's continued strength hurt as well. West Texas Intermediate Crude oil futures for December rose $0.08 at $68.12 a barrel.

(RTTNews) - Asian stock markets are trading mixed on Thursday, following the broadly positive cues from Wall Street overnight, as traders cautiously weigh the implications of Donald Trump's victory in the U.S. Presidential Election. They are concerned about Trump's tariff plans that could reignite U.S.-China trade tensions. Asian Markets closed mixed on Wednesday. Trump has also called for increased tariffs on China and other countries, which could lead to renewed inflation concerns. Traders also await the US Fed's interest rate decision later in the day, and look forward to the accompanying statement for clues about the likelihood of future rate cuts. The Australian market is trading slightly higher on Thursday after opening in the green and slipping into the red briefly, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,200 level, with gains in iron ore miners, energy and technology stocks nearly offset by weakness in gold miners and financial stocks. The benchmark S&P/ASX 200 Index is gaining 7.80 points or 0.10 percent to 8,207.30, after touching a high of 8,231.00 and a low of 8,150.10 earlier. The broader All Ordinaries Index is up 6.20 points or 0.07 percent to 8,462.20. Australian stocks ended significantly higher on Wednesday. Among major miners, Rio Tinto and Fortescue Metals are adding more than 1 percent each, while BHP Group is edging up 0.3 percent. Mineral Resources is edging down 0.3 percent. Oil stocks are mostly higher. Beach energy is edging up 0.4 percent, Woodside Energy is adding almost 1 percent and Santos is gaining more than 1 percent, while Origin Energy is flat. In the tech space, Afterpay owner Block is surging more than 7 percent, Xero is edging up 0.1 percent and WiseTech Global is gaining almost 1 percent, while Appen is losing more than 2 percent and Zip is down almost 2 percent. Among the big four banks, National Australia Bank and Westpac are declining almost 3 percent each, while Commonwealth Bank is losing almost 1 percent. ANZ Banking is down more than 1 percent. Among gold miners, Evolution Mining is sliding almost 7 percent, Gold Road Resources is plunging more than 8 percent, Resolute Mining is plummeting more than 10 percent, Northern Star Resources is slipping more than 6 percent and Newmont is losing 3.5 percent. In other news, shares in Quickstep Holdings are skyrocketing almost 99 percent after the aerospace manufacturer received a 40 cent per share takeover offer from one of its big customers, Asdam Operations. Shares in Sigma Healthcare are soaring more than 28 percent after the Australian competition regulator gave the nod to the pharmaceutical wholesaler's A$8.8 billion merger with Chemist Warehouse. In economic news, the total number of building approvals issued in September was up a seasonally adjusted 4.4 percent on month, the Australian Bureau of Statistics or ABS said on Friday - coming in at 14,842. That was in line with expectations following the 3.9 percent drop in August. On a yearly basis, overall approvals climbed 6.8 percent. The ABS also said Australia posted a merchandise trade surplus of A$4.609 billion in September. That missed forecasts for a surplus of A$5.240 billion and was down from A$5.284 billion in August. Exports were down 4.3 percent on month to A$40.827 billion after easing 0.2 percent in the previous month. Imports slumped 3.1 percent on month to A$36.219 billion after also slipping 0.2 percent a month earlier. In the currency market, the Aussie dollar is trading at $0.657 on Thursday. Reversing the gains in the previous two sessions, the Japanese market is notably lower on Thursday after opening in the green, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 39,300 level, with weakness in index heavyweights and technology stocks partially offset by gains in exporters and financial stocks. The benchmark Nikkei 225 Index closed the morning session at 39,321.87, down 158.80 points or 0.40 percent, after touching a high of 39,884.01 and a low of 39,020.22 earlier. Japanese shares ended sharply higher on Wednesday. Market heavyweight SoftBank Group is losing almost 3 percent and Uniqlo operator Fast Retailing is also down almost 3 percent. Among automakers, Toyota is gaining more than 4 percent and Honda is flat. In the tech space, Tokyo Electron is losing almost 3 percent, Advantest is edging down 0.4 percent and Screen Holdings is declining more than 4 percent. In the banking sector, Mizuho Financial is edging up 0.2 percent, Sumitomo Mitsui Financial is gaining almost 2 percent and Mitsubishi UFJ Financial is adding 2.5 percent. Among the major exporters, Canon is adding more than 1 percent, Sony is edging up 0.2 percent, Mitsubishi Electric is advancing almost 3 percent and Panasonic is gaining 3.5 percent. Among other major losers, Minebea Mitsumi is plunging more than 6 percent, while Nitori Holdings and M3 are sliding almost 6 percent each. BANDAI NAMCO is losing more than 4 percent, while Lasertec, Chugai Pharmaceutical, Disco and GS Yuasa are declining more than 3 percent each. Aozora Bank, Sumitomo Electric Industries, Toto, Yamaha, Seiko Epson and Keyence are down almost 3 percent. Conversely, Keio is skyrocketing almost 18 percent and Tokai Carbon are surging more than 7 percent, while Tobu Railway, Dai-ichi Life and Daikin Industries are gaining more than 6 percent each. DeNA, Yamaha Motor, Konica Minolta, Taiheiyo Cement and Denso are adding more than 5 percent each, while Tokyo Gas, Kawasaki Heavy Industries, Resona Holdings, T&D Holdings and NTT Data are advancing more than 4 percent each. In the currency market, the U.S. dollar is trading in the lower 154 yen-range on Thursday. Elsewhere in Asia, Indonesia is down 1.1 percent, while New Zealand, South Korea and Malaysia are lower by between 0.2 and 0.5 percent each. Singapore is up 2.1 percent, while China, Hong Kong and Taiwan are higher by between 0.2 and 0.5 percent each. On Wall Street, stocks skyrocketed during trading on Wednesday, as traders celebrated Donald Trump's victory in the presidential election. The major averages added to the strong gains posted during Tuesday's session, reaching new record closing highs. The major averages saw further upside in late-day trading, reaching new highs for the session. The Dow soared 1,508.05 points or 3.6 percent to 43,729.93, the Nasdaq surged 544.29 points or 3.0 percent to 18,983.47 and the S&P 500 shot up 146.28 points or 2.5 percent to 5,929.04. Meanwhile, the major European markets came under pressure over the course of the session. While the German DAX Index slumped by 1.1 percent, the French CAC 40 Index fell by 0.5 percent and the U.K.'s FTSE 100 Index edged down by 0.1 percent. Crude oil prices drifted lower on Wednesday after data showed crude inventories in the U.S. rose more than expected last week, while a stronger dollar also weighed. West Texas Intermediate Crude oil futures for December closed down $0.30 or 0.42 percent at $71.69 a barrel.

(RTTNews) - Asian stock markets are trading mixed on Monday, following the broadly positive cues from Wall Street on Friday, as traders trimmed their bets on US Fed interest rate cuts this year amid following the largely upbeat batch of US economic data last week. A slew of Chinese data last week backed calls for more stimulus to boost the economy. Persisting worries about geopolitical tensions weighed on the markets. Asian markets closed mixed on Friday. Last week, U.S. retail sales increased slightly more than expected in September and jobless claims unexpectedly fell, while industrial production decreased in September, reversing output growth in August, separate reports showed. The Australian stock market is currently trading notably higher on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,300.00 level, with gains across most sectors led by gold miner stock and technology stocks. The benchmark S&P/ASX 200 Index is gaining 53.20 points or 0.64 percent to 8,336.40, after touching of 8,349.70 earlier. The broader All Ordinaries Index is up 50.40 points or 0.59 percent to 8,601.60. Australian stocks closed significantly lower on Friday. Among the major miners, BHP Group, Fortescue Metals and Rio Tinto are gaining more than 1 percent, Mineral dived almost 11 percent as the board said it had "full confidence" in managing director Chris Ellison following an investigation by The Australian Financial Review that uncovered how he allegedly evaded tax for years. Oil stocks are mostly higher. Origin Energy is edging up 0.1 percent, Beach energy is gaining more than 2 percent and Santos is adding more than 1 percent. Woodside Energy is up almost 1 percent. Among tech stocks, Afterpay owner Block is gaining more than 2 percent, Xero is adding more than 1 percent and Zip is edging up 0.4 percent, while Appen is declining almost 4 percent and WiseTech Global is tumbling more than 11 percent after its board initiated a review of allegations against founder and chief executive Richard White by a sexual partner, which ended up in him paying her millions of dollars to settle the matter. Gold miners are mostly higher. Evolution Mining is gaining 3.5 percent, Resolute Mining is advancing almost 4 percent and Gold Road Resources rising more than 3 percent, while Northern Star Resources and Newmont are adding almost 2 percent each. Among the big four banks, Commonwealth Bank is gaining almost 1 percent, while National Australia Bank, ANZ Banking and Westpac are edging up 0.1 to 0.5 percent each. In the currency market, the Aussie dollar is trading at $0.672 on Monday. The Japanese stock market is trading modestly higher on Monday, adding to the gains in the previous session. The benchmark S&P/ASX 200 is moving above the 39,000 mark, following the broadly positive cues from Wall Street on Friday, with gains is index heavyweights and technology stocks partially offset by weakness in financial stocks. The benchmark Nikkei 225 Index closed the morning session at 39,110.95, up 129.20 or 0.33 percent, after touching a high of 39,048.44 earlier. Japanese shares ended modestly higher on Friday. Market heavyweight SoftBank Group is edging up 0.3 percent, while Uniqlo operator Fast Retailing is losing almost 1 percent. Among automakers, Honda is gaining almost 1 percent and Toyota is edging up 0.4 percent. In the tech space, Screen Holdings and Tokyo Electron are edging up 0.3 to 0.4 percent each, while Advantest is adding more than 1 percent. In the banking sector, Sumitomo Mitsui Financial is losing almost 2 percent, Mitsubishi UFJ Financial is down more than 1 percent and Mizuho Financial is edging down 0.5 percent. The major exporters are mostly higher. Sony and Mitsubishi Electric are edging up 0.5 percent each, while Panasonic is gaining almost 1 percent. Canon is edging down 0.5 percent. Among other major gainers, Rakuten Group is gaining almost 4 percent and M3 is adding more than 3 percent, while Kawasaki Kisen Kaisha and LY are advancing almost 3 percent each. Conversely, Sumitomo Pharma is losing more than 4 percent, while Tokyo Electric Power and NEC are down almost 3 percent each. In the currency market, the U.S. dollar is trading in the lower 149 yen-range on Monday. Elsewhere in Asia, New Zealand, Indonesia, Hong Kong and Singapore are lower by between 0.1 and 0.7 percent each, while China, South Korea and Taiwan are higher by between 0.1 and 0.8 percent each. Malaysia is respectively flat. On Wall Street, stocks moved mostly higher during trading on Friday after ending the previous session little changed. The tech-heavy Nasdaq led the charge, while the Dow ended the day modestly higher at a new record closing high. The Nasdaq climbed 115.94 points or 0.6 percent to 18,489.55 and the S&P 500 rose 23.20 points or 0.4 percent to a new record closing high of 5,864.67. The narrower Dow recovered from an initial pullback to end the day up by 36.86 points or 0.1 percent at 43,275.91. Meanwhile, the major European markets turned in a mixed performance on the day. While the U.K.'s FTSE 100 Index fell by 0.3 percent, the French CAC 40 Index and German DAX Index both climbed by 0.4 percent. Crude oil prices fell on Friday following downward revisions in oil demand forecast from OPEC and the International Energy Agency. West Texas Intermediate crude oil futures for November sank $1.45 or 2.05 percent at $69.22 a barrel. WTI crude futures fell more than 8 percent in the week.

(RTTNews) - Asian stock markets are trading mixed on Monday, following the mixed cues from Wall Street on Friday, pulled down by a tumbling South Korean market amid the ongoing political turmoil in the country as well as the ongoing tensions in the Middle East and the Russia - Ukraine war. Traders also remain optimistic over the outlook for interest rates in the wake of the most recent set of US economic data, including monthly jobs and consumer sentiment data. Asian markets closed mixed on Friday. The Australian stock market is currently trading modestly lower on Monday, adding to the losses in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,400.00 level, with weakness across most sectors led by mining and energy stocks. Technology stocks were the only bright spot. Traders now remain cautious ahead of the Reserve Bank of Australia's board meeting with a cash rate decision due on Tuesday, where the RBA is widely expected to hold rates. The benchmark S&P/ASX 200 Index is losing 17.90 points or 0.21 percent to 8,403.00, after hitting a low of 8,371.10 earlier. The broader All Ordinaries Index is down 19.20 points or 0.22 percent to 8,670.10. Australian stocks closed notably lower on Friday. Among the major miners, BHP Group and Rio Tinto are losing more than 1 percent each, while Fortescue Metals is declining more than 3 percent and Mineral Resources is down almost 1 percent. Oil stocks are mostly lower. Woodside Energy is losing more than 2 percent, Origin Energy is edging down 0.5 percent, Santos is declining almost 2 percent and Beach energy is slipping more than 6 percent. Among tech stocks, Afterpay owner Block is gaining more than 2 percent, while Xero, WiseTech Global and Zip are edging up 0.2 to 0.5 percent each. Appen is losing more than 1 percent. Gold miners are mostly lower. Evolution Mining is down more than 1 percent and Resolute Mining is declining almost 6 percent, while Northern Star Resources, Gold Road Resources and Newmont are edging down 0.2 to 0.3 percent each. Among the big four banks, Westpac and National Australia Bank are losing almost 1 percent each, while ANZ Banking is declining almost 3 percent and Commonwealth Bank is edging down 0.1 percent. In other news, shares in Platinum Asset Management are tumbling almost 17 percent after Regal Partners ended buyout talks with the fund manager, with no new deal reached. In the currency market, the Aussie dollar is trading at $0.640 on Monday. The Japanese stock market is trading modestly higher on Monday after briefly slipping into the red, reversing the losses in the previous session. The benchmark S&P/ASX 200 is moving to near the 39,200 level, following the mixed cues from Wall Street on Friday, with gains in some index heavyweights and automakers partially offset by weakness in technology stocks. The benchmark Nikkei 225 Index closed the morning session at 39,197.57, up 106.40 or 0.27 percent, after touching a high of 39,332.55 earlier. Japanese shares ended significantly lower on Friday. Market heavyweight SoftBank Group is gaining more than 2 percent and Uniqlo operator Fast Retailing is adding more than 1 percent. Among automakers, Honda is gaining almost 1 percent and Toyota is edging up 0.3 percent. In the tech space, Screen Holdings is losing 1.5 percent and Advantest is declining almost 5 percent, while Tokyo Electron is edging down 0.2 percent. In the banking sector, Sumitomo Mitsui Financial is gaining almost 1 percent, while Mitsubishi UFJ Financial is edging down 0.2 percent. Mizuho Financial is flat. The major exporters are mixed. Panasonic and Sony are gaining almost 2 percent each, while Canon is edging up 0.5 percent. Mitsubishi Electric is losing almost 1 percent. Among other major gainers, Rakuten Group is surging more than 7 percent, while Yamato Holdings and Nomura Research Institute are gaining almost 5 percent each. BANDAI NAMCO, Recruit Holdings and NEXON are advancing almost 3 percent each. Conversely, ZOZO is losing almost 3 percent. In economic news, Japan's gross domestic product expanded a seasonally adjusted 0.3 percent on quarter in the third quarter of 2024, the Cabinet Office said on Monday - exceeding expectations for an increase of 0.2 percent following the upwardly revised 0.5 percent increase in the three months prior (originally 0.2 percent). On an annualized basis, GDP rose 1.2 percent - beating forecasts for a 0.9 percent gain, which would have been unchanged. Capital expenditure was down 0.1 percent on quarter, but that also beat forecasts for a decline of 0.2 percent - which would have been unchanged from Q2. External demand was down 0.1 percent on quarter, while the GDP price index climbed an annual 2.4 percent and private consumption was up 0.7 percent on quarter. In the currency market, the U.S. dollar is trading in the higher 149 yen-range on Monday. Elsewhere in Asia, New Zealand, China, Hong Kong, Taiwan and Indonesia are higher by between 0.1 and 0.5 percent each. South Korea is down 1.8 percent, while Singapore and Malaysia are down 0.2 and 0.3 percent, respectively. On Wall Street, stock indexes all moved to the upside early in the session on Friday but turned mixed over the course of the trading day. While the Nasdaq and the S&P 500 managed to remain in positive territory and reach new record closing highs, the narrower Dow pulled back into negative territory. The major averages turned in a mixed performance. The tech-heavy Nasdaq ended the session near its best levels of the day, climbing 159.05 points or 0.8 percent to 19,859.77. The S&P 500 also rose 15.16 points or 0.3 percent to 6,090.27, but the Dow fell 123.19 points or 0.3 percent to 44,642.52 The major European markets also ended the day mixed. The French CAC 40 Index jumped by 1.3 percent and the German DAX Index inched up by 0.1 percent, but the U.K.'s FTSE 100 Index fell by 0.5 percent. Crude oil prices fell on Friday, weighed down by prospects of excess supply in the market. West Texas Intermediate Crude oil futures for January shed $1.10 or 1.61 percent at $67.20 a barrel. WTI crude futures fell nearly 1 percent in the week.