Hang Seng Tries to Find Support from Strong Xiaomi Results
The revenue surge of Xiaomi partly due to the successful EV entry provides support to HKG33 and helps it look overcome the Walmart JD stake sale, but technical hurdles loom
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The revenue surge of Xiaomi partly due to the successful EV entry provides support to HKG33 and helps it look overcome the Walmart JD stake sale, but technical hurdles loom
HKG33 rebounded after the poor weekly start, but trades with caution ahead of key resistance cluster, despite an acceleration in Chinese inflation
The Japanese index unraveled due to the BoJ rate hike and Yen rebound, but stages a rebound helped by dovish comments from BoJ officials
Global markets are volatile, with the Nasdaq and Nikkei experiencing significant drops. Weak U.S. jobs data and central bank policies are fueling recession fears. Safe-haven assets are rising, and analysts caution that while recent market corrections may offer opportunities, the situation remains uncertain.
The tech-heavy slumps to correction territory as Friday’s jobs report sparked recession fears and boosted market pricing for aggressive rate cuts while Mag7 earning did not dispel AI bubble fears
The tech heavy index is in precarious position amidst skepticism around the viability of the AI rally and a rotation to small caps and this week’s earnings and other key events that can determine its trajectory
The Chinese central bank went on a rate cut spree this week, showing urgency to support the economy, but markets were unimpressed and HKG33 extended its losses
The index loses around 10% from its record peak as prospects of further BoJ policy normalization mount and the Yen rebounds from its 38-year lows
The index is cautious and stays in consolidation as today’s inflation update sustains uncertainty around the central bank’s rate path
The index regains its footing as markets price in three cuts within the year and focus now shifts to Netflix earnings, which kicks things off for Big Tech
A significant shift in market sentiment occurred on Thursday, as investors moved away from large-cap tech stocks and into other sectors. This change was triggered by a lower-than-expected inflation reading, which sparked a rally in small-cap stocks and a decline in tech shares. The Russell 2000 index saw a notable 3.6% increase, while the Nasdaq Composite fell 2%. Investors are now wondering if this shift marks a temporary correction or…
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