Latest news with #HSI
New Straits Times
16 hours ago
- Business
- New Straits Times
Bursa Malaysia opens marginally lower in absence of catalyst
KUALA LUMPUR: Bursa Malaysia opened marginally lower in the absence of new catalyst, coupled with the closure of Wall Street on June 19, an analyst said. At 9.06am, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 0.79 of-a-point to 1,500.65 from Thursday's close of 1,501.44. The benchmark index opened 0.50 of-a-point lower at 1,500.94. The broader market was negative, with 118 decliners outnumbering 68 gainers, 192 counters unchanged, while 2,046 were untraded and 25 suspended. Turnover stood at 56.66 million shares worth RM24.34 million. Rakuten Trade Sdn Bhd's equity research vice-president Thong Pak Leng said Wall Street was closed for a holiday yesterday as traders were pondering over the involvement of the United States (US) in the Middle East conflict. The US 10-year Treasury yield eased to 4.39 per cent. In Hong Kong, the Hang Seng Index (HSI) declined sharply on inflationary concerns induced by prevailing higher tariffs coupled with the conflict in the Middle East. This also disrupts global crude oil supply and could be inflationary as well. Back home, the FBM KLCI on Thursday closed just above the 1,500 level, likely due to continued foreign selling. "Nonetheless, we would advocate investors to accumulate blue chips if and when the index dips below the 1,500 mark at around the 1,480 threshold," Thong told Bernama. Among heavyweights, Maybank gained 2.0 sen to RM9.62, Tenaga Nasional fell 4.0 sen to RM14.18, CIMB was 1.0 sen higher at RM6.59, while Public Bank, IHH Healthsare and CelcomDigi remained unchanged at RM4.19, RM6.85 and RM3.82 respectively. Among the most active stocks, Velesto Energy was flat at 18.5 sen, Magma eased half-a-sen to 46 sen, Pavilion REIT was down 6.0 sen to RM1.48, Aizo dipped half-a-sen to 8.0 sen and Dataprep added half-a-sen to 12 sen. On the index board, the FBM Emas Index lost 7.90 points to 11,215.84, the FBMT 100 Index shed 7.68 points to 10,996.32, and the FBM Emas Shariah Index declined 15.09 points to 11,217.80. The FBM 70 Index lost 18.82 points to 16,074.63 and the FBM ACE Index dropped 24.59 points to 4,390.46. By sector, the Plantation Index narrowed 4.34 points to 7,214.27, while the Energy Index declined by 0.71 of-a-point to 738.94. The Financial Services Index rose 19.36 points to 17,349.51, but the Industrial Products and Services Index slid 0.20 of-a-point to 148.04.
CNBC
18 hours ago
- Business
- CNBC
Asia-Pacific markets set to open mixed as investors await China data, monitor escalating Israel-Iran tensions
Anshun bridge reflecting in the Jinjiang river at dusk in Chengdu, Sichuan Province, China. © Philippe Lejeanvre | Moment Open | Getty Images Asia-Pacific markets were set to open mixed as investors awaited China data, and continued to assess escalating tensions between Israel and Iran. The Asian giant is expected to release its one-year and five-year loan prime rates for June later in the day. Investors are also monitoring the Israel-Iran conflict as U.S. President Donald Trump weighs on whether to back the Israeli military and strike Tehran. The White House said that he will make a final decision within the next two weeks. Japan's benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 38,645 while its counterpart in Osaka last traded at 38,520, against the index's Thursday close of 38,488.34. The country's core inflation rate climbed to 3.7% in May, its highest level since January 2023. The metric — which strips out costs for fresh food — was higher than the 3.6% expected by economists polled by Reuters, and is above April's print of 3.5%. Australia's S&P/ASX 200 is slated to start the day lower, with futures tied to the benchmark at 8,496 compared to its last close of 8,523.70. Futures for Hong Kong's Hang Seng index stood at 23,185, pointing to a weaker open compared to the HSI's close of 23,237.74. U.S. stock futures fell in early Asian hours as investors investors pored through the latest developments in the Middle East. Overnight stateside, regular trading was closed for the Juneteenth holiday. — CNBC's Brian Evans contributed to this report.
Business Upturn
3 days ago
- Business
- Business Upturn
Asian Stock Markets Update: Nikkei up 0.66%, KOSPI up 0.67%, HSI down 1.26%
By Aditya Bhagchandani Published on June 18, 2025, 08:24 IST Amid rising geopolitical tensions in the Middle East and restrained U.S. military involvement, Asia-Pacific markets traded mixed on Wednesday. Japan's better-than-expected trade deficit also influenced sentiment. Top Stocks in focus on June 18: Polycab, ONGC, Vedanta, Bharat Forge, GMR Airports, and more Top Gainers Index Price Change %Change Nikkei (Japan) 38,791.80 +255.06 +0.66% ▲ Kospi (South Korea) 2,970.03 +19.73 +0.67% ▲ Taiwan 22,290.66 +79.07 +0.36% ▲ ASX 200 (Australia) 8,546.70 +5.40 +0.06% ▲ Top Losers Index Price Change %Change HSI (Hong Kong) 23,678.28 -302.02 -1.26% ▼ STI (Singapore) 3,914.68 -15.96 -0.41% ▼ Shanghai 3,377.39 -10.01 -0.30% ▼ Shenzhen 10,139.61 -11.82 Japan's trade deficit beat expectations, supporting equities. Hang Seng saw the steepest decline amid ongoing China property and tech uncertainty. Middle East tensions remain in focus as investors weigh energy prices and geopolitical fallout. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
RTHK
3 days ago
- Business
- RTHK
HSI falls half a percentage point at the opening
HSI falls half a percentage point at the opening Local and mainland stocks opened down amid concern over escalating hostilities in the Middle East. File photo: RTHK The Hang Seng Index lost 120 points, or 0.5 percent, to open at 23,859 points on Wednesday. Mainland stocks also opened lower, with the benchmark Shanghai Composite Index down 0.04 percent to open at 3,386 points. The Shenzhen Component Index opened 0.09 percent lower at 10,142 points. Concerns over escalating hostilities in the Middle East stayed front and centre in markets, sending oil prices higher. Brent crude futures were up 0.33 percent to US$76.70 per barrel while US crude rose 0.45 percent to US$75.18 a barrel. The spike in oil prices is a negative for the yen and euro at the margin as both Japan and the European Union are major importers of energy, while the United States is an exporter. (Agencies)
Business Upturn
4 days ago
- Business
- Business Upturn
Asian Stock Markets Update: Nikkei up 0.53%, Hang Seng down 0.25%, KOSPI down 0.11% amid BoJ decision
By Aditya Bhagchandani Published on June 17, 2025, 10:56 IST Major Asia-Pacific stock indexes traded largely in the red on Tuesday morning, as investors reacted to the Bank of Japan's (BoJ) decision to hold interest rates steady at 0.5%. The cautious market sentiment was further dampened by reports that the European Union has cancelled its planned economic summit with China for this year, according to the Financial Times. At 10:55 AM IST, Japan's Nikkei 225 bucked the regional trend, rising 0.53% or 202.7 points. Taiwan's index also posted gains of 0.43%, while Singapore's STI rose 0.39%. Other indexes ended mixed. Major Index Movements (as of 10:55 AM IST): Nikkei 225: 38,514.03 ▲ +202.7 (+0.53%) Hang Seng (HSI): 24,001.15 ▼ -59.84 (-0.25%) Shanghai Composite: 3,383.01 ▼ -5.72 (-0.17%) Shenzhen Composite: 10,151.33 ▼ -12.22 (-0.12%) Kospi: 2,943.35 ▼ -3.31 (-0.11%) ASX 200: 8,532.3 ▼ -16.1 (-0.19%) Nifty 50: 24,904 ▼ -42.5 (-0.17%) While some tech-heavy and export-focused markets showed resilience, the broader regional outlook remains cautious amid global geopolitical and trade uncertainties. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
