US EditionTech stocks fuel Asian and European gains, Wall Street wobbles
- A surge in tech stocks boosted gains in Asia and Europe, while Wall Street faced challenges due to a partial US government shutdown that began its second day.
- South Korea's Kospi index rose 2.7 percent to a record high, led by increases in Samsung and SK Hynix shares after a deal with OpenAI.
- European tech companies also saw gains, with ASML's shares rising 4.5 percent and STMicroelectronics and Schneider Electric both increasing over two percent.
- Investors are optimistic about potential Federal Reserve rate cuts, with a nearly 99 percent chance of a cut this month and an 87 percent chance in December.
15 Articles
15 Articles
On Wall Street, the indicators start the day with mixed variations, while they assimilate a possible delay in economic information, given the closure of the US government.So far, the Nasdaq rises 0.12 percent, in the 22 thousand 786.43 integers, while the casualties are 0.19 percent for the Dow Jones that is around 46 thousand 363.60 points, and the S&P 500 with 6 thousand 700.73 units drops 0.16 percent.On the corporate level, among the 30 quot…
The three main Wall Street indices have mixed performances on Thursday morning. After an opening on positive ground, the averages moderate their performance, while investors assess the risks on the second day of the federal government's closure.The Dow Jones Industry Average, consisting of the shares of 30 giants, falls 0.30% to 46.303.32 points, while the S&P 500, of the most valuable companies, loses 0.21% to 6.697.38 points. The Nasdaq Compos…
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