Short-term volatility in South Korea's and Taiwan's stocks hasn't changed the underlying earnings outlook for these markets, says T. Rowe Price's Agnes Ng in a note. The structural demand from AI infrastructure investment remains intact for both markets given their importance across semiconductors…
CANBERA (dpa-AFX) - Asian stock markets are trading mostly lower on Tuesday, despite the broadly positive cues from Wall Street overnight, amid renewed uncertainty about the geopolitical situation in the Middle East after Iran reportedly said it will not meet the US team in Qatar for the peace talk…
New investment plans by South Korean chip makers Samsung Electronics and SK Hynix will likely have only a limited impact on global memory supply-demand conditions over the next three to five years, given the time required for the investments to materialize, Daiwa Capital's SK Kim says. The analyst…
Indonesia's IDX Composite tumbled 160 points or 2.8% to 5,659 in early deals on Tuesday, slipping for the third session to hit its lowest in three weeks.All sectors were under heavy selling pressure, with basic materials, energy, and infrastructure among top laggards.Notable decliners included Hart…
The South Korean won traded near 1,545 per dollar, remaining close to its weakest level in over three weeks as persistent foreign equity outflows continued to weigh on the currency.Overseas investors sold a record KRW 7.7 trillion worth of KOSPI shares in the previous session, extending their net s…
Consistent policy execution and macro stability could drive a continuous rerating for Indonesian equities, UOB Kay Hian analysts say in a note. The Jakarta Composite Index is one of the world's worst-performing indexes this year. While the JCI has rebounded from its early-June low, the recovery is…
Round-up of South Korean financial markets:** South Korean shares reversed early gains to trade lower on Tuesday, as volatility in heavyweight semiconductor stocks weighed on the broader market, with investors turning cautious about the durability of the AI-driven chip rally.** The benchmark KOSPI…
MBSB Research remains optimistic but cautious with regard to Malaysia's equity market outlook in 2H, it says in a note. The market is likely to be supported by resilient economic growth, stronger corporate earnings and attractive valuations. However, potential Fed rate hikes, Middle East tensions…
The dollar index climbed to around 101.2 on Tuesday and was on track for a second straight monthly advance, supported by expectations that the Federal Reserve will implement multiple interest rate hikes this year.The index has gained more than 2% so far this month, putting it on course for its stro…
Indonesia's Jakarta Composite Index Last Down 2.7% at 5661.64
Indonesia Stocks Fall as Much as 3.1% in Morning Trade
Global funds invested $5.2 billion in India’s index-eligible bonds this month, easing an exodus from Indian equities, according to Bloomberg.
By Tom WestbrookAsian stocks wobbled toward the end of a sparkling quarter on Tuesday, while a resurgent dollar pushed the yen to a four-decade low and was headed for a fourth straight quarterly rise.Japan's Nikkei TVC:NI225, which was steady in early trade, is set for a record rise of more than 36…
Indian shares are set to open marginally higher on Tuesday as investors await possible U.S.-Iran talks in Doha, while heavyweight HDFC Bank NSE:HDFCBANK will be in focus after naming a new part-time chairman and chief financial officer.GIFT Nifty futures (GIFc1) were at 23,994, as of 7:56 a.m. IST…
The Shanghai Composite slipped 0.5% to 4,053 on Tuesday, while the Shenzhen Component rose 0.8% to 15,943, delivering a mixed performance despite stronger-than-expected PMI data.China's Composite PMI edged up to a six-month high of 50.6 in June from 50.5 in May.Manufacturing PMI rose to 50.3 from 5…
The Hang Seng Index slipped 0.9%, or 206 points, to 22,819 on Tuesday, giving back part of the previous session’s gains as investors turned cautious despite continued policy support from Beijing.Sentiment remained subdued after China’s central bank conducted overnight reverse repo operations to mai…
Taiwan's Taiex Rises 3.1% in Early Session to 46400.47
Indian benchmark indices are likely to see a flat to positive start on June 30, mirroring a firm trend in GIFT Nifty, which was trading around 23,991.50 in early trade.Track the latest updates on GIFT Nifty right here on MoneycontrolIndian benchmark indices snapped their two-day gaining streak on J…
U.S. stock futures teetered in the overnight session late Monday, with the benchmark indexes inching lower after closing up in the regular session following a rebound in technology stocks.Meanwhile, the US and Iran have agreed to halt strikes against each other as negotiations are reportedly set to…
TOKYO (dpa-AFX) - The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous session, foll0wing the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving well above the 69,550 level, with gains in financial and technology stocks parti…
