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Asian shares are mostly lower after US stocks stumble
Markets fell in Tokyo, Hong Kong, and Shanghai while Korea, Taiwan, and India gained as China-Japan tensions rose and U.S. tech stocks showed volatility, including a 6.8% surge in SK Hynix.
- Across Asia, shares were mostly lower as U.S. volatility and China’s escalation prompted markets to reprice risk, Stephen Innes, SPI Asset Management, said.
- A diplomatic spat followed Prime Minister Sanae Takaichi's suggestion that a Chinese move on Taiwan could prompt a Japanese military response, and Beijing warned its citizens not to travel to or study in Japan.
- Friday's U.S. session meandered as Nvidia fell 3.4%, bitcoin and gold swung sharply, while the S&P 500 remains within 2.3% of its record set late last month ahead of Nvidia's Wednesday report.
- The dollar climbed to 154.65 yen from 154.58, and Hong Kong's Hang Seng shed 0.8% to 26,359.22 as Chinese markets slipped.
- Chipmakers rallied with SK Hynix up 6.8% and Samsung Electronics up 3.3%, while traders are weighing if a third Federal Reserve cut will follow December's meeting.
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Wall Street slips as Nvidia, tech stocks lead broader decline
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·United States
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Sri Lanka stocks dip 1.01-pct dragged down by financials
ECONOMYNEXT – The Colombo Stock Exchange’s (CSE) All Share Price Index continued its losing streak for a third session, data on its site showed. The All Share Price Index (ASPI) fell 1.01 percent, or 236.07 points to 23,223.68 on Monday. The index was dragged down by some financial and capital goods stocks. Meanwhile, the more liquid S&P SL20 index closed 0.40 percent, or 25.93 points lower at 6,410. Top negative contributors to the ASPI were Ce…
Coverage Details
Total News Sources33
Leaning Left9Leaning Right6Center10Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 36%
C 40%
R 24%
Factuality
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