US EditionTech Surge Lifts Asian Markets Amid US Economic Concerns
Chip stocks led gains in Asian markets as gold neared $3,900 amid expectations of Federal Reserve rate cuts and weak US job data, analysts said.
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7 Articles
Asian markets higher on tech gains; South Korea hits record high on
Asia stocks trade rise on Thursday, driven by expectations of an imminent shift in U.S. monetary policy. Tech shares led a rally across Asian stock indexes, while gold prices continued to hover near a record high, and the dollar remained weak.
Tech Surge Lifts Asian Markets Amid US Economic Concerns
Tech shares soared on Thursday, boosting Asian stock indexes as a weak U.S. labor market report increased expectations for Federal Reserve rate cuts. The U.S. shutdown impacts data releases, while easing bets pushed gold to record highs. Oil rose on tighter Russian crude sanctions prospects.
Overseas Stocks Soar Overnight
Stock markets around the world continue their strong start to the month and quarter. Overnight, the Hang Seng rallied 1.6% while the Nikkei gained 0.9%. In Europe, the Dax and CAC are both up 1.4%. The FTSE and Dow Futures are both quiet this morning, NASDAQ futures are up 0.6%. This suggests a broad based global rally in equities continues. With the US government shutdown continuing, there is no data today to reflect on. Although US ADP payroll…
Asian stock markets gained sharply today. Stock indices were pushed up by speculation that the US Federal Reserve (Fed) will cut interest rates again in the wake of poor US labor market data.
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