Asian Shares Are Mixed as Tech Losses Offset Broader Gains on Wall Street
Chipmakers and AI stocks fell as investors weighed mixed Wall Street signals and awaited a central bank rate decision.
- On Tuesday, Asian shares were mixed as tech stocks fell, with investors awaiting a central bank interest rate decision from the Reserve Bank, expected to hike its benchmark rate for a fifth time this year.
- Tech stocks face pressure as analysts question whether billions poured into artificial intelligence data centers will yield sufficient productivity and profit. Alphabet and other Big Tech companies reported slower-than-expected growth, challenging current investment levels.
- The broader U.S. market showed resilience Monday, with nearly seven out of 10 stocks in the S&P 500 rising. Fuel-intensive sectors benefited from a recent 7.6% drop in Brent crude prices, which closed at $104.77.
- Monday's market showed divergent results: the S&P 500 sank 0.5% after erasing an earlier 1.1% gain, while the Dow Jones Industrial Average rose 0.4% and the Nasdaq composite fell 1.1%.
- Brent crude edged 0.1% higher to $104.81 early Tuesday, reflecting ongoing uncertainty about the war with Iran. Prices have fluctuated between roughly $70 and $120 per barrel since the conflict began.
22 Articles
22 Articles
Bluefield Daily Telegraph
Asian trading is mixed as tech sell-off deepens and oil prices rebound
Asian stocks are mixed as markets like South Korea and Taiwan that are heavily weighted toward technology shares fell after a sell-off on Wall Street. U.S. futures edged lower and oil prices moved higher. Markets in Tokyo were closed for…
Asian trading is mixed as tech sell-off deepens and oil prices rebound – WTOP News
HONG KONG (AP) — Shares in Asia were mixed Tuesday as markets like South Korea and Taiwan that are heavily weighted toward technology shares fell to their lowest levels in three months following a sell-off on Wall Street. U.S. futures edged lower and oil prices moved higher. South Korea’s benchmark Kospi fell 4% to close...
Asian shares are mixed as tech losses offset broader gains on Wall Str
HONG KONG (AP) — Asian stocks were mixed Tuesday as markets like South Korea and Taiwan that are heavily weighted toward technology shares declined following a sell-off on Wall Street. U.S. futures edged lower and oil prices
Asian stocks diverge following Wall Street tech sell-off; PBoC shifts
Asian stock markets traded mixed on Monday following a sharp tech-led selloff on Wall Street on Friday, even as US stock futures rebounded slightly ahead of a busy week of corporate earnings, economic data releases, and the US midterm elections.
The Asian stock exchanges closed down mostly this Tuesday (3), pressed by technology actions, after a new round of sales of the sector on Wall Street. The markets of South Korea and Taiwan, with heavy weight of chips-bound roles, retreated to the lowest levels in three months. The South Korean Kospi index fell [...]
Coverage Details
Bias Distribution
- 42% of the sources lean Left, 42% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
