19 Jun

ASX Inched Closer to New High, KOSPI and Singapore Gained Big

WRITTEN BY Mayur Sontakke, CFA, FRM

Australia and New Zealand

On June 19, Australia’s ASX200 posted its second consecutive gain, following the gains in US markets on June 18. The index rose 1.2% and closed at a fresh 11-year high of 6,648.10. The index is inching towards its lifetime high of 6,851.5 achieved in November 2007. The ASX200 has been one of the best-performing indexes in the world in 2019 with 17.7% gains.

News Corp (NWSA) gained 4.6% on the ASX (Australian Stock Exchange) on June 19. The previous day, News Corp gained 5.31% on the NYSE. BHP Group (BHP) rose 2.04%, while Rio Tinto (RIO) gained 1.94% on the ASX on June 19. BHP Group and Rio Tinto are part of the iShares MSCI Australia ETF (EWA). Both of the companies are also listed in the US.

On June 18, BHP Group and Rio Tinto gained 2.77% on the NYSE. The iShares MSCI Australia ETF gained 1.52% on the NYSE Arca.

New Zealand’s NZ50 gained 1.1% on June 19.

Singapore

Singapore’s Straits Times Index gained 1.53% on June 19. The index traded in the green for the second consecutive day. In the index, 28 of the 30 stocks gained, while one declined. The utilities and technology sectors were the best-performing sectors on June 19.

On June 18, the Singapore-focused iShares MSCI Singapore ETF (EWS) gained 2% on the NYSE Arca.

South Korea

South Korea’s KOSPI gained 1.24% on June 19. The iShares MSCI South Korea Capped ETF (EWY) gained 2.46% on the NYSE Arca on June 18.

Latest articles

President Trump eased the Huawei ban on June 28. Since then, investors have been closely monitoring how US officials implement the policy change.

Norfolk Southern will report its second-quarter earnings results on Wednesday. The company is expected to report an adjusted EPS of $2.79.

Dish Network’s (DISH) wireless business is currently in the making, as cord cutting has hit US satellite pay-TV providers harder than their cable counterparts.

Halliburton (HAL) reported its second-quarter earnings on Monday before the markets opened. The company's earnings rose sequentially.

22 Jul

Economic Data and Earnings Before the Fed's Meeting

WRITTEN BY Mohit Oberoi, CFA

Economic data and earnings will keep investors busy this week. More than a quarter of the S&P 500 companies are scheduled to release their earnings.

22 Jul

Will Chevron Outperform ExxonMobil in Q2?

WRITTEN BY Maitali Ramkumar

Chevron (CVX) and ExxonMobil (XOM) are scheduled to post their second-quarter earnings results on August 2.