(RTTNews) - The Thai stock market bounced higher again on Friday, one day after ending the six-day winning streak in which it had surged more than 80 points or 6.5 percent. The Stock Exchange of Thailand now rests just beneath the 1,315-point plateau although it's likely to move to the upside again on Monday. The global forecast for the Asian markets is murky, with geopolitical concerns likely to ...
(RTTNews) - The Thai stock market bounced higher again on Friday, one day after ending the six-day winning streak in which it had surged more than 80 points or 6.5 percent. The Stock Exchange of Thailand now rests just beneath the 1,315-point plateau although it's likely to move to the upside again on Monday. The global forecast for the Asian markets is murky, with geopolitical concerns likely to limit any upside. The European and U.S. markets were mixed and little changed and the Asian markets figure to follow that lead. The SET finished slightly higher on Friday as gains from the property and technology stocks were offset by weakness among the food, finance and service sectors. For the day, the index picked up 2.75 points or 0.21 percent to finish at 1,314.39 after trading between 1,309.65 and 1,323.57. Volume was 7.555 billion shares worth 50.901 billion baht. There were 245 decliners and 177 gainers, with 229 stocks finishing unchanged. Among the actives, Advanced Info spiked 2.33 percent, while Thailand Airport was down 0.48 percent, Asset World rallied 2.83 percent, Banpu dropped 0.89 percent, Bangkok Bank retreated 1.56 percent, Bangkok Dusit Medical slipped 0.50 percent, Bangkok Expressway skidded 0.95 percent, B. Grimm contracted 1.48 percent, BTS Group plummeted 2.56 percent, CP All Public sank 0.58 percent, Charoen Pokphand Foods tumbled 1.87 percent, Energy Absolute plunged 3.50 percent, Gulf gained 0.54 percent, Kasikornbank collected 0.53 percent, Krung Thai Card stumbled 1.80 percent, PTT Oil & Retail lost 0.65 percent, PTT Exploration and Production vaulted 1.28 percent, PTT Global Chemical slumped 1.21 percent, SCG Packaging added 0.49 percent, Siam Commercial Bank fell 0.36 percent, Siam Concrete shed 0.47 percent, Thai Oil accelerated 2.44 percent, True Corporation advanced 0.94 percent, TTB Bank declined 1.49 percent and Krung Thai Bank and PTT were unchanged. The lead from Wall Street offers little clarity as the major averages opened lower on F...
Hong Kong stocks rose for a fourth consecutive day on Monday, as investors stayed positioned in Chinese equities amid geopolitical uncertainty. The Hang Seng Index gained 0.4 per cent to 26,844.04 at the open, adding to the 0.4 per cent gain on Friday. The Hang Seng Tech Index rose 0.1 per cent. On the mainland, the CSI 300 Index advanced 0.3 per cent and the Shanghai Composite Index added 0.2 per...
Hong Kong stocks rose for a fourth consecutive day on Monday, as investors stayed positioned in Chinese equities amid geopolitical uncertainty. The Hang Seng Index gained 0.4 per cent to 26,844.04 at the open, adding to the 0.4 per cent gain on Friday. The Hang Seng Tech Index rose 0.1 per cent. On the mainland, the CSI 300 Index advanced 0.3 per cent and the Shanghai Composite Index added 0.2 per cent. Blind-box toymaker Pop Mart jumped 4.3 per cent to HK$229, extending a 23 per cent gain recorded last week after its share buy-back move. Precious metals miner Zijin Mining advanced 2.9 per cent to HK$41.60. E-commerce giant JD.com added 1.1 per cent to HK$116, while online-games provider NetEase added 0.8 per cent to HK$208.60. Advertisement Limiting gains, search-engine giant Baidu slumped 2 per cent to HK$157.30 and home-grown chipmaker SMIC fell 0.9 per cent to HK$77.40. Gold pushed past the US$5,000 per ounce mark for the first time, as a rapid run-up in prices gathered pace amid mounting geopolitical uncertainty and growing investor aversion to major currencies. Silver, which topped US$100 per ounce last week, continued to draw support from haven demand and robust retail buying. Advertisement Other major Asian markets were mixed. Japan’s Nikkei 225 dropped 1.5 per cent and South Korea’s Kospi fell 0.4 per cent, while Australia’s S&P/ASX 200 added 0.1 per cent.
(RTTNews) - The Japanese stock market is trading sharply lower on Friday, extending the sharp losses in the previous session, with the benchmark Nikkei 225 staying above the 27,900 level, following the broadly negative cues overnight from Wall Street, with weakness across most sectors, particularly technology stocks. Traders remain concerned and cautious as daily new COVID-19 cases continues to ex...
(RTTNews) - The Japanese stock market is trading sharply lower on Friday, extending the sharp losses in the previous session, with the benchmark Nikkei 225 staying above the 27,900 level, following the broadly negative cues overnight from Wall Street, with weakness across most sectors, particularly technology stocks. Traders remain concerned and cautious as daily new COVID-19 cases continues to exceed the 10,000 mark spurred by the fast-spreading coronavirus omicron variant. The benchmark Nikkei 225 Index is losing 554.68 points or 1.95 percent to 27,934.45, after hitting a low of 27,915.60 earlier. Japanese shares closed significantly lower on Thursday. Market heavyweight SoftBank Group is losing more than 2 percent, while Uniqlo operator Fast Retailing is surging more than 7 percent after posting a record first-quarter profit. Among automakers, Honda is losing almost 2 percent and Toyota is down more than 1 percent. In the tech space, Advantest is losing almost 3 percent, Tokyo Electron is edging down 0.5 percent and Screen Holdings is declining almost 2 percent. In the banking sector, Mizuho Financial is edging down 0.6 percent, Sumitomo Mitsui Financial is losing almost 1 percent and Mitsubishi UFJ Financial is down more than 1 percent. Among major exporters, Mitsubishi Electric and Panasonic are losing almost 1.5 percent each, while Canon is down more than 1 percent and Sony is declining almost 3 percent. Among the other major losers, Hitachi Construction Machinery is plunging 17 percent, while Toyota Tsusho and Recruit Holdings are losing more than 6 percent each. Yokogawa Electric, M3, Taiyo Yuden and Olympus are declining more than 5 percent each, while Murata Manufacturing, Nissan Chemical and Tokyo Tatemono are slipping almost 5 percent each. Bandai Namco Holdings, Mitsui Chemicals, Fanuc, Yokohama Rubber and Mitsui Fudosan are down more than 4 percent each. Conversely, Seven & I Holdings is gaining 4.5 percent. In economic news, producer prices in Japan w...
About 75 per cent of paper waste and 40 per cent of plastic items sent to landfills are unclassified, according to official statistics, with environmentalists warning that such unclear records will undermine Hong Kong’s green efforts. However, the Environmental Protection Department (EPD) said it was “unnecessary” to change its waste-tracking system, arguing that the government already “has an ide...
About 75 per cent of paper waste and 40 per cent of plastic items sent to landfills are unclassified, according to official statistics, with environmentalists warning that such unclear records will undermine Hong Kong’s green efforts. However, the Environmental Protection Department (EPD) said it was “unnecessary” to change its waste-tracking system, arguing that the government already “has an idea” of what fell under the “others” category and had taken steps to address it. The lack of detail was among several blind spots identified by advocacy group The Green Earth. Advertisement “Comprehensive and accurate waste data is essential for designing effective waste reduction policies. We hope the government can increase information disclosure to allow the public to take part in the policy discussion,” said Steven Chan Wing-kit, assistant environmental affairs manager of the NGO. “Informing the public about which kinds of waste are being disposed of in large quantities without being recycled could also help the circular economy because it means opportunities for the recycling business.” Advertisement In its 2023 report, the NGO found that nearly 75 per cent of all paper waste and 40 per cent of all plastic waste were classified as “others”. The share declined only slightly in 2024.
From Vibrancy To Vacancy: America's Going, Going Gone! Authored by Jim Quinn via The Burning Platform blog, I hate shopping. I hate crowds. I hate malls. I don’t believe I had entered a mall in over a decade, until Monday. My visit to the once vibrant Montgomery Mall in Montgomeryville, PA was a shocking confirmation of what I had been predicting about retail stores since 2008. Next to the term De...
From Vibrancy To Vacancy: America's Going, Going Gone! Authored by Jim Quinn via The Burning Platform blog, I hate shopping. I hate crowds. I hate malls. I don’t believe I had entered a mall in over a decade, until Monday. My visit to the once vibrant Montgomery Mall in Montgomeryville, PA was a shocking confirmation of what I had been predicting about retail stores since 2008. Next to the term Dead Mall in the dictionary should be a picture of the current version of the Montgomery Mall. If you need visual proof, here is brief video showing how it is deader than ever. We didn’t go to the mall to shop. My wife bought me a watch from Macy’s (online purchase) for Christmas. I haven’t worn a watch in over a decade and now that I’m retired, have no need for a watch. So we were going to get a refund and then walk around the mall for some exercise, because the weather outside is bitterly cold. The Mall had three anchor stores: Macy’s, JC Penney, and Sears. The Sears closed in 2020. JC Penney declared Chapter 11 bankruptcy in 2021, but still operates as a zombie like entity on the opposite end of the mall from Macy’s. Macy’s hasn’t declared bankruptcy yet, but their business plan appears to be closing 50 to 100 stores per year, until there are none left. We arrived at the Macy’s at about 11:00 am on MLK day. Ghost town USA. The few employees we saw outnumbered the customers. A store filled with jewelry, clothes, shoes, and other useless crap had no customers. It took us ten minutes to find someone who could process a return. Both Macy’s and JC Penney are clearly in an extend and pretend phase. The entire pitiful mall is pretending to be viable, when it is clearly deceased. What a far cry from its heyday – 1977 until approximately 2007. With three rambunctious boys, my wife spent many days at this mall trying to wear them out. When they were teenagers, I would drop them off on Friday nights so they could cruise around the mall with their friends. Those days are long gone. Th...