Reported 4 months ago
Asian shares retreated as U.S. manufacturing contracted in May, leading to a slow down in the economy. Japan's Nikkei 225 index and Seoul's Kospi dropped, while Hong Kong's Hang Seng gained. U.S. stocks had a mixed finish, with the S&P 500 and Nasdaq rising slightly while the Dow Jones fell. Treasury yields decreased after the report. The week is expected to have key economic reports, impacting the market. Despite the economic concerns, some tech stocks like Nvidia saw significant gains. GameStop also surged, reminiscent of its 2021 'meme stock' frenzy.
Source: YAHOO