|Day's range||25,315.76 - 26,015.49|
|52-week range||25,090.30 - 33,484.08|
An afternoon rally in the S&P 500 Index helped buoy futures for Japan and China equities, indicating the two-biggest Asian markets may eke out gains at the open, while Hong Kong futures pointed to a lower start. Treasuries led gains in safe-haven assets, though 10-year yields did pare losses into the close.
Treasury yields declined and crude oil tumbled. The S&P 500 pared to 0.6 percent a loss that took it below 2,700 for the first time since July, while the Nasdaq Composite Index flirted with a correction before paring losses. Industrial stocks remained under pressure after disappointing results from Caterpillar and 3M added to worries that rising costs will erode profit margins.
Global stocks continue to fall on Tuesday. Asian markets were down the most and the European markets were down an average -1.0% to -2.0% at mid-day. VIX, the fear index jumps more than 20%.
On Tuesday, market watchers saw slumps of 1-3 percent for almost every single major benchmark gauge in Asia. Despite added support from officials, Chinese stocks have returned to their losing ways after a two-day rally of almost 7 percent. Japan’s Topix index fell 2.6 percent, and the MSCI Asia Pacific Index is less than a point away from bear-market territory.
Equities in Hong Kong also slid, while the yuan was little changed. “The market is still worried about China’s economy,” said Liang Jinxin, a Shanghai-based strategist with Tianfeng Securities Co. “Other factors such as the yuan, the trade war, as well as the decline in the U.S. market also add pressure. The State Council said late Monday it will support bond financing by private firms, adding that the People’s Bank of China will provide funding to facilitate this.
Global stock markets trade lower on Tuesday morning as the Chinese rally fades and on increased geopolitical tensions.
The CSI 300 index of major Shanghai and Shenzhen stocks was down 1.7 per cent, while in Hong Kong the Hang Seng China Enterprises Index of Chinese blue-chips listed in the city dropped 2 per cent. Asia-Pacific stocks were also broadly lower following a soft start to the week for equities in Europe and the US.
The CSI 300 index of major Shanghai and Shenzhen stocks opened basically flat while in Hong Kong the Hang Seng China Enterprises index of major Chinese blue-chips listed in the city dropped 0.5 per cent. The broader Hang Seng index in Hong Kong was off 0.8 per cent. in almost three years on Monday, spurred by a series of statements late last week and over the weekend by Chinese officials to reassure investors. ING economist Robert Carnell was concerned, however, over the extent of Chinese authorities’ “firepower against any global turn in confidence”.
More than three stocks fell for every two that rose in the S&P 500 Index, with banks tumbling the most. The U.K.’s FTSE 100 eased 0.1 percent.Germany’s DAX Index edged 0.3 percent lower.The MSCI Emerging Market Index jumped 1.1 percent.The MSCI Asia Pacific Index increased 0.4 percent.
Global stocks trade mostly higher on Chinese plan to support the economy. US futures set to open higher. Eyes are on earnings as the earnings cycle hits its peak.
Chinese indices add almost 4% in the morning, developing a rebound of the last Friday. Oil prices rise on US-Saudi tensions.
Chinese stocks had their biggest one-day gain in almost three years on Monday, staging a dramatic rebound after Beijing made a concerted move last week to reassure investors and buoy markets following a steep sell-off. The CSI 300 index of companies listed on the Shanghai and Shenzhen stock exchanges closed up 4.3 per cent, its largest one-day gain since November 2015. Shares in mainland Chinese companies listed in Hong Kong also climbed, with the Hang Seng China Enterprises index of Chinese companies listed in the city jumping 2.6 per cent, its best day since March.
China grabbed the headlines in early trade as renewed strength for Chinese stocks left the Shanghai Composite index up 6.8 per cent over the past two sessions. Across the Atlantic, the pan-European Stoxx 600 index fell 0.4 per cent, while Frankfurt’s Xetra Dax ended 0.3 per cent lower and the FTSE 100 shed 0.1 per cent.
A lack of stats will have the markets focused on the Italian coalition government’s response to the EU Commission letter, British PM May also in action.
China stocks continued to rally on Monday following a Friday jump spurred by official signals of government support in the wake of the slowest quarterly growth figures since the financial crisis. The CSI ...
What to make of stocks’ ugly selloff? Our roundtable panelists see values surfacing from China and Russia to Mexico and Brazil.
Yes, Chinese and Hong Kong shares rallied after their mid-day breaks, but it took a whopping four hours for that to happen after China propped up the market earlier on Friday. The fact of the matter is, a 2 percent to 3 percent climb on Friday won’t remove China’s title as the world’s worst stock market. The bounce has certainly pulled other Asian markets up with the mainland rally (Shenzhen stocks climbed 2.6 percent) in afternoon trading, but the MSCI Asia Pacific Index was still down 0.2 percent as of 5 p.m. in Hong Kong after dropping as much as 1 percent earlier.
The yield on Italy’s 10-year government bond — which touched 3.78 per cent, its highest level since 2014 — ended 8 basis points lower at 3.59 per cent. In China, the Shanghai Composite rose 2.6 per cent, taking it above a four-year low.
Chinese stocks reversed early losses on Friday as regulators sought to play down recent weakness and Asia-Pacific equities more broadly tracked Wall Street lower on concerns over US interest rates and ...
(Bloomberg) -- A risk-off tone gripped global financial markets, with U.S. stocks sliding while Treasuries climbed with the yen on demand for havens.
Asia-Pacific equities were on uneven footing on Thursday after Wall Street’s rebound from last week’s global equity rout slowed. Japan’s Topix was 0.2 per cent higher after swinging between negative and positive territory.
Treasuries declined and the dollar gained as Fed minutes appeared to lean toward the chance of more hikes in the future. Gains by banking giants Goldman Sachs and Morgan Stanley couldn’t counter concerns about China that hit Technology stocks, as well as worries about the Fed’s path that seeped into rates-sensitive shares. The dollar rose the most in two weeks before a report expected Wednesday by the U.S. that could label China a currency manipulator.
The S&P 500 surged more than 2 percent, all 30 members of the Dow Jones Industrial Average advanced and small caps in the Russell 2000 Index notched the best gain since the day after the 2016 election. The Nasdaq Composite saw its biggest gain since March as UnitedHealth Group bolstered health-care firms and Adobe’s forecast lifted software makers. Technology stocks looked set to extend gains in the futures session as Netflix rallied on a surge in net subscribers.
Asia-Pacific equities edged higher in a cautious start to trading after a late sell-off hit Wall Street on Monday. Sydney’s S&P/ASX 200 was up 0.5 per cent with the key basic materials and financials segments ...