Tuesday, June 6, 2023

Asian Technology market deals with the region

An indicator of the Asian stocks I was at peace at the break of a three-day losing streak, fueled by the technological sectorwhile is the future we stock fell behind artificial intelligence stocks fueled by a strong rally in the previous session.

Test scores increased by Japan, South Korea, India and Australia; and of * mainland China the previous falls were erased. Hey Hong Kong market Friday is a public holiday. The future europe an additional 0.1 percent.

  • Hey Japan Topix Index rose 0.1 percent.
  • Hey China Shanghai Index rose 0.4 percent.
  • Hey Australia S&P/ASX 200 Index rose 0.2 percent.
  • It was another day he won chip stocks in the country after which the sale will be announced NVIDIA Corp. on Wednesday night fueled a frenzy of investment in AI. Among the notable moves in Asia Screen Holdings Co. of Japan was up to 9 percent, SK Hynix Inc. of South Korea sent 6.8 percent and Taiwan Semiconductor Manufacturing Co. advanced 4.6 percent.

    Hey The AI ​​will crack After hours in the US, when Marvell Technology Inc. that revenue from the technology will be projected by 2024, at least double from the previous year. before stock envy had soared 24%, propelling the company to the cusp of a $1 trillion market value.

    A dollar strength indicator fell so that the developers continued to analyze the signals from the conversations in US debt ceiling as a short time to avoid default. Republican negotiators and the White House were said to be nearing a deal increases the debt and federal spending limit two years

    The Treasury bond returns fell broken in Asian things after the resurrection in Louis dure. yields to bonds Australia and New Zealand government they proceed at a run.

    The The Treasury issues a bill which were scheduled to expire early next month, were below recent highs, but are still showing investors requires a premium on securities that are at a higher risk of default if the government defaults mutual ability.

    Hey and a little firm in the dollar holding near the 140 level. Japanese coin between the bets that federal aid I will raise rates in the next two council meetings while in Tokyo, the par system is sticking to the ultra-loose policy.

    Data on Friday indicated a slowdown in growth in Tokyowhich supports the expectation of continued dissociation Banks of Japan and Federal Reserve. This checks the Japanese and in turn helps Japanese stocks.

    “Yen weakness is often a tailwind for Japanbut time, unless the BOJ continues to do nothing, will probably have to wait and to recover,” Kieran Calder, head of Asia equity research at Union Bancaire Privée in Singapore, said on Bloomberg Television. “The yen’s sweet spot is around 125 more than where it is now.”

    The Debt ceiling controversy in Washington the added risks are assessed by H officials as they think they have stopped the interest rate increases. Bets on the point of another quarter of another growth in the next two council meeting It comes amid mixed data on Thursday, including the previous quarter’s sales and revisions he cries out for fewer jobless people than expected.

    “The market is so obsessed with the other side of the rate because we’re so close to the top.” the interest rate is paidJun Bei Liu, portfolio manager at Tribeca Investment Partners, said on Bloomberg Television. “In six months, we will really see the power of the Lord rate cuts“.

    In other parts marketshe Petroleum It was flat after falling more than 3% on Thursday as Russia suggested it was unlikely OPEC+ a change in the level of production in its next meeting.

    Copper and iron reached key levels this week, sending commodity list at Bloomberg.

    World Nation News Desk
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