Australian shares closed higher on Monday, helped by gains in miners and healthcare firms, while investors keenly await domestic inflation data due later this week for further cues on the country's central bank's view on interest rate cuts.
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(RTTNews) - The Australian stock market is currently trading significantly higher on Monday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 7,800.00 level, following the mixed cues from global markets on Friday, with gains across mos
(RTTNews) - The Hong Kong stock market on Friday halted the two-day winning streak in which it had advanced more than 330 points or 2 percent. The Hang Seng Index now sits just beneath the 16,500-point plateau and it's looking at another soft start again on Monday.
(RTTNews) - The China stock market has finished lower in two straight sessions, shedding more than 30 points or 1 percent in that span. The Shanghai Composite Index now rests just beneath the 3,050-point plateau and it may extend its losses on Monday.
Australian shares rose to their highest levels in two weeks on Monday, led by heavyweight financials and mining stocks, while investors await local inflation data due later in the week for further clues on the central bank's interest rate trajectory.
Oil prices rose in early Asian trading on Monday on concern over tighter global supply brought about by escalating conflict in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count added to upward price pressure.
After reaching a record high in 2022, coal prices have come back down to earth. Coal for delivery in Newcastle, Australia, and Rotterdam, the Netherlands, has traded in a range in 2023, well below the 2022 high.
(RTTNews) - The Taiwan stock market has moved higher in two straight sessions, accelerating more than 440 points or 2.2 percent along the way. The Taiwan Stock Exchange now sits just beneath the 20,230-point plateau although investors may lock in gains on Monday.
Australia's Pilbara Minerals has agreed to a study with Chinese customer Ganfeng Lithium on options to build a 32,000 metric-ton-per-year lithium conversion facility in a country yet to be decided, the companies said on Monday.
The Bank of Japan's board members shared the view that the likelihood of achieving its 2% inflation target sustainably was gradually rising, minutes from its January meeting showed, paving the way for the central bank to end stimulus policy at its subsequent gathering last week.
Asian shares inched higher on Monday as investors hoped U.S. inflation data this week would not derail the outlook for lower interest rates, while the risk of currency intervention from Japan stalled the yen's decline for the moment.
(RTTNews) - The Singapore stock market on Friday wrote a finish to the three-day winning streak in which it had climbed almost 50 points or 1.6 percent. The Straits Times Index now sits just above the 3,215-point plateau and the losses may accelerate on Monday.
Japan's top currency diplomat said on Monday that the yen's current weakness did not reflect fundamentals, in the latest warning about the yen's "big slide" against the dollar.
(RTTNews) - The Malaysia stock market has moved higher in back-to-back sessions, collecting almost 7 points or 0.5 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,540-point plateau although it may run out of steam on Monday.
Australia's government will support a minimum wage increase in line with inflation this year as low-income families continue to grapple with costs of living, although the rise would be smaller as inflation eased.
(RTTNews) - The South Korea stock market on Friday snapped the two-day winning streak in which it had surged nearly 100 points or 3.9 percent. The KOSPI now rests just beneath the 2,750-point plateau and it may remain stuck in neutral on Monday.