Asia-Pacific markets trade mixed after Nasdaq extends gains backed by technology
Publishing timestamp: 2023-01-10 00:09:42
Summary
Asia-Pacific markets traded mixed after Nasdaq Composite extended gains for second day on Wall Street. Technology stocks helped index skirt losses Monday as traders added to bets that inflation may be easing. Japanese consumer prices rose faster than expected in December, while South Korea's current account balance shifted from surplus to deficit for the first time since August. Chinese tech companies are expected to see some expansion, but with long-term concerns still in place. Analysts expect a "short and shallow" recession in 2023, with signs of recovery before the year ends. Shares of a U.K.-based lithium exploration and development firm could soar by nearly 600%, according to investment bank Canaccord Genuity. Moderna and Pfizer are in discussions with the Chinese government to provide their Covid vaccines. Tesla rose more than 7% as investors pulled the electric vehicle maker off prior lows not seen in two-and-a-half years.
Sentiment: MIXED
Tickers: .N225, .IXIC, BABA, 3690-HK, .SPX, TSLA, .AXJO, 700-HK, .HSI, AAPL, @PL.1, .DJI, .KS11,
Keywords: s&p/asx 200, south korea, chicago, kospi index, australia, dxy us dollar currency index, wti crude (feb'23), meituan, australian dollar/us dollar fx spot rate, breaking news: markets, osaka, japan, hang seng index, world markets, netease inc, sjm holdings ltd, alibaba group holding ltd, haidilao international holding ltd, shanghai, usd/jpy, tokyo, wynn macau ltd, xiabuxiabu catering management (china) holdings co ltd, economic events, ice brent crude (mar'23), markets, asia economy, nikkei 225 index, united states, china, anta sports products ltd, mgm china holdings ltd, breaking news: asia, business news, tencent holdings ltd, jack ma, shenzhen component index, tesla inc, sands china ltd, budweiser brewing company apac ltd,
Source: https://www.cnbc.com/2023/01/10/asia-pacific-markets-nasdaq-extends-gains.html