Reported about 14 hours ago
Asian stocks experienced a downturn on Monday as profit-taking affected Japanese tech companies, while Chinese markets showed resilience thanks to optimism surrounding local AI developments. A holiday in the U.S. led to subdued trading activity, with Wall Street futures showing slight gains. Investors are cautious ahead of a busy week of U.S. economic data, particularly the August payroll report, with expectations for a modest job increase. The prospect of potential rate cuts from the Federal Reserve is influencing market sentiment, including pressures on the U.S. dollar and fluctuations in commodity prices.
Source: YAHOO