Reported about 1 year ago
The recent slump in Nvidia shares by 6.7% and the broader decline in tech and semiconductor stocks are affecting market sentiment in Asia. Despite the Dow's rise to a one-month high, caution prevails ahead of U.S. inflation figures. The macroeconomic backdrop initially supports Asian and emerging markets, with Treasury yields and the dollar falling. However, the tech sector's performance is crucial as Taiwan's index and Hong Kong's Hang Seng Tech index have faced losses. The Bank of Japan indicated discussions on a possible interest rate hike, but currency traders remain cautious. Key economic data from Malaysia, Japan, and Australia are anticipated to influence market direction.
Source: YAHOO