Reported about 19 hours ago
Asian markets experienced mixed trading after Big Tech stocks saw declines, impacting Wall Street's performance. Japan's Nikkei 225 fell by 1.8%, while South Korea's Kospi remained relatively unchanged. Conversely, ambos Hong Kong's Hang Seng and Shanghai Composite saw gains. The U.S. stock market faced pressure, especially on technology stocks like Nvidia and Apple, amidst concerns over the Federal Reserve's potential interest rate cuts. Oil and gas companies benefitted from rising oil prices, contributing positively to Wall Street, while some companies, like Moderna and Macy's, reported disappointing forecasts.
Source: YAHOO