DAX Extends Declines As Banks Drag

RTTNews | 1281 days ago
DAX Extends Declines As Banks Drag

(RTTNews) - German stocks were moving lower on Monday, as banks extended declines amid concerns around the fallout from the Silicon Valley Bank (SVB) collapse.

The benchmark DAX was down 58 points, or 0.4 percent, at 15,369 after losing 1.3 percent on Friday.

Commerzbank fell 2.6 percent and Deutsche Bank dropped 1 percent amid increased concerns over the health of the U.S. banking sector and fears of contagion.

SAP declined 1.1 percent. The software group has agreed to sell all of its 423 million shares of Qualtrics International Inc. as part of the acquisition of Qualtrics by funds affiliated with Silver Lake as well as Canada Pension Plan Investment Board.

The dollar slipped lower in early European trade after bond yields have fallen in response to the SVB news.

read more
No Help Yet For Taiwan Stock Market

No Help Yet For Taiwan Stock Market

The Taiwan stock market has finished lower in three straight sessions, surrendering more than 1,300 points or 3 percent in that span. The Taiwan Stock Exchange now sits just above the 45,860-point plateau and it may continue to sputter on Tuesday.
RTTNews | 26 minutes ago
Rally May Stall For Singapore Stock Market

Rally May Stall For Singapore Stock Market

The Singapore stock market has climbed higher in back-to-back sessions, collecting almost 30 points or 0.5 percent in that span. The Straits Times Index now sits just shy of the 5.720-point plateau although it may run out of steam on Tuesday.
RTTNews | 56 minutes ago
Malaysia Bourse May Head South Again On Tuesday

Malaysia Bourse May Head South Again On Tuesday

The Malaysia stock market on Monday halted the four-day losing streak in which it had slumped more than 25 points or 1.4 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,700-point plateau although it may hand back those gains on Tuesday.
RTTNews | 1h 26min ago
Japan Stock Market May Extend Losing Streak

Japan Stock Market May Extend Losing Streak

The Japanese stock market has finished lower in back-to-back trading days, shedding more than 1,770 points or 3 percent along the way. The Nikkei 225 now sits just shy of the 63,500-point plateau and it may take further damage again on Tuesday.
RTTNews | 1h 41min ago
Soft Start Anticipated For South Korea Shares

Soft Start Anticipated For South Korea Shares

The South Korea stock market has tracked lower in three straight sessions, tumbling more than 365 points or 5 percent in that span. The KOSPI now sits just above the 6,680-point plateau and it may extend its losses again on Tuesday.
RTTNews | 1h 56min ago
China Data Due On Tuesday

China Data Due On Tuesday

China is scheduled to release a batch of data on Tuesday, highlighting a modest day for Asia-Pacific economic activity. On tap are August figures for industrial production, retail sales, fixed asset investment, unemployment and house prices.
RTTNews | 2h 56min ago
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

The Switzerland market ended on a strong note on Monday after holding firm right through the day's session thanks to sustained buying at several counters. Despite lingering concerns about geopolitical tensions and elevated oil prices, the mood in the Swiss market remained quite positive.
RTTNews | 6h 40min ago