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Asiamarkets

All articles tagged with #asiamarkets

finance1 year ago

Nasdaq Surges Past 20,000 Amid Big Tech Rally and Tesla's Record High

Asia-Pacific markets mostly rose following Wall Street's gains, with the Nasdaq hitting a record high after U.S. inflation data met expectations. Australia's unemployment rate unexpectedly fell to 3.9% in November. Japan's Nikkei and South Korea's Kospi saw significant gains, while China's CSI 300 remained flat. In the U.S., hopes for a Federal Reserve interest rate cut grew as inflation data aligned with forecasts, boosting tech stocks like Nvidia and Tesla. Meanwhile, a Reuters survey indicated most Japanese firms expect negative impacts from Trump's presidency.

via CNBC|
#asiamarkets#australianjobs#finance
business-and-finance2 years ago

"Asian Stocks Decline Amid Fed Speculation and Global Market Jitters"

Asian stock markets experienced mixed results, with China's CSI 300 index leading losses and Japan's Nikkei 225 also falling, while India's Nifty 50 bucked the trend with gains. Investors are reacting to the Federal Reserve's December meeting minutes, which suggest interest rate cuts in 2024 but lack clarity on timing. Additionally, Japan is set to use reserved funds to cover earthquake damages, and China's service sector PMI indicates expansion. Oil prices rose following U.S. warnings to Houthi militants and OPEC's commitment to market stability. The 10-year Treasury yield rose above 4%, influencing tech stocks and real estate sectors. Job openings in the U.S. were near expectations, and the manufacturing sector showed slight improvement.

via CNBC|
##asiamarkets#business-and-finance
business-and-finance2 years ago

"Apple Downgrade Sparks Tech Slide, Hits Market and iPhone Outlook"

Asian-Pacific stock markets, particularly in South Korea and Taiwan, experienced declines as tech firms, including major chipmakers, faced pressure following a downgrade of Apple by Barclays. Apple's shares fell 4% after the downgrade, which also affected its suppliers in Asia, leading to lower market indexes in the region. In other news, India's factory activity slowed, China's online gaming stocks gained after a regulatory change, and BYD's vehicle production topped Tesla's. Meanwhile, cybersecurity stocks were under pressure in the U.S. market.

via CNBC|
##appledowngrade#asiamarkets
business-and-finance2 years ago

"Asia-Pacific Markets in 2024: Trends, Risks, and Investor Sentiment"

Asian-Pacific markets had a mixed start to the year, with Chinese stocks opening lower due to a further contraction in manufacturing activity, as indicated by the official manufacturing PMI dropping to 49 in December. In contrast, a private survey by Caixin showed a slight expansion. Japan's markets remained closed following a significant earthquake, while Australia's manufacturing sector also experienced a sharp contraction. U.S. stock futures were flat as markets were closed for New Year's Day. Energy stocks and the outlook for Big Oil were also discussed, with Goldman Sachs highlighting potential in European Big Oil companies.

via CNBC|
##asiamarkets#business-and-finance
finance-and-economy2 years ago

"Asia's 2024 Financial Outlook: Bullish Trends, Key Trades, and Economic Rebounds"

Despite a volatile 2023 with challenges such as inflation and China's slow recovery, investors are optimistic about Asia's market potential in 2024. Japan's Nikkei 225 outperformed other indexes, while Hong Kong's Hang Seng struggled. Analysts predict strong growth momentum in Asia, with India and selective equity investments in focus. The IMF forecasts higher growth rates for Asia compared to the global average. Investors are anticipating rate cuts following the U.S. Federal Reserve's lead, with the Bank of Japan potentially ending its negative interest rate policy. Growth sectors may include infrastructure, real estate, energy, and technology, with REITs and tech in Asia looking particularly promising. Geopolitical events, such as elections in Taiwan, India, and the U.S., are also key factors that could influence market dynamics and investor confidence.

via CNBC|
##asiamarkets#economicgrowth