Asia markets largely fell after Wall Street logs worst week for the year
Publishing timestamp: 2023-02-27 03:02:44
Summary
Asia-Pacific markets mostly fell on Monday after stocks on Wall Street marked their worst week for 2023 on Friday. Global venture capital firm 500 Global is bullish on VC sector despite slowdown in growth from rising inflation and interest rates. Ratings agency Fitch said earnings of Singapore banks will "improve materially" in 2023. Oil prices are not acting as well as expected, and People's Bank of China maintained moderately dovish tone in its quarterly report. Market pros are undecided about this year's tech bounce, and South Korean chipmakers saw losses on Monday after U.S. will likely impose limit on level of chips made by South Korean companies in
Sentiment: MIXED
Tickers: HXSCL, AUD=, @LCO.1, .SZI, .AXJO, DBSM-SG, 2317-TW, .DJI, SSNNF, NDAQ, .SPX, .KS11, @CL.1, .DXY, OCBC-SG, .N225, .HSI, JPY=, 2330-TW, 1911-HK, .SSEC, UOBH-SG,
Keywords: usd/jpy, south korea, kospi index, world markets, s&p/asx 200, ice brent crude (apr'23), hang seng index, breaking news: markets, japan, shenzhen component index, economic events, wti crude (mar'23), dxy us dollar currency index, business news, markets, nikkei 225 index, shanghai, australian dollar/us dollar fx spot rate, breaking news: asia, australia, asia economy,
Source: https://www.cnbc.com/2023/02/27/asia-markets-fall-wall-st-logs-worst-week-of-2023.html