Asian Benchmarks Mostly Rise After Wall Street’s Rally – WTOP News
- On Monday, the Nasdaq Composite climbed 1.8% as Meta Platforms and semiconductor stocks surged, while falling oil prices provided relief to the broader market.
- Trade discussions between Treasury Secretary Scott Bessent and Vice Premier Chenggang boosted confidence, as Bessent described the weekend engagement as 'very successful.'
- Meta Platforms jumped 8.6% as its AI agent, The Muse, topped U.S. iPhone downloads for three straight days, while AMD rose 9.1% and Intel gained 14% on chip-demand expectations.
- Lower oil prices eased pressure on Treasury bonds, with the 10-year yield sliding more than 3 basis points to 4.96% as market sentiment turned positive.
- Strategists at JPMorgan led by Mislav Matejka cautioned that markets may see volatility 'in the very short term' as the Iran war and September seasonality persist.
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107 Articles
Reformatorisch Dagblad
The AEX index started Tuesday with gains. Investors were buoyed by the significantly higher closing prices on Wall Street, where the tech index Nasdaq reached a new record thanks to a recovery rally in the AI sector. Last week, AI stocks were under pressure following warnings from top executives about the dangers of the technology and calls to slow down development.
Global markets are optimistic that a diplomatic solution can be reached between the United States and Iran, with the rise in technology and AI shares, as well as the rise in technology and artificial intelligence stocks.
Asian stocks mostly rise on tech rally, lower yields, US-China trade
Asian stock markets delivered a mixed performance on Tuesday, picking up momentum from overnight gains on Wall Street. A fresh rally in technology shares combined with easing U.S. Treasury yields temporarily relieved investor anxiety over broader
Asian benchmarks mostly rise after Wall Street’s rally – WTOP News
TOKYO (AP) — Asian shares mostly rose early Tuesday, as the market mood turned positive from the overnight rally on Wall Street. Australia’s S&P/ASX 200 added 02% in early trading to 8,748.20. South Korea’s Kospi jumped 1.6% to 7,120.25. Hong Kong’s Hang Seng gained nearly 0.6% to 25,185.26, while the Shanghai Composite rose 0.4% to...
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