Hong Kong falls 2%, leading losses in Asia as investors await Big Tech earnings
Publishing timestamp: 2023-04-25 04:01:57
Summary
Asian stocks fell ahead of earnings from Big Tech firms, with Hong Kong markets leading losses and the Hang Seng Tech index tumbling 4%. South Korean automaker Hyundai reported a 92% YoY increase in net profit for Q1 2022, and plans to set up a joint venture to make EV battery cells in the US. Short-sellers increased their bets against two European banks after the collapse of US lender Silicon Valley Bank. China has guided banks to cut deposit interest rates further to channel the country's vast savings pool into spending and more productive investments. HSBC named stocks that offer exposure to hydrogen in a variety of ways, giving one upside of over 100%. Fox News announced that host Tucker Carlson was leaving the cable network, and roughly one-third of S&P 500 members are set to report earnings this week, with investors looking to technology giants and heavyweights in energy and industrials sectors for further clues about broader economic health.
Sentiment: NEUTRAL
Tickers: QRVO, TSLA, XOM, .DJI, .SSEC, @LCO.1, KO, .SPX, .DXY, MCD, BA, V, LLY, .HSI, @CL.1, AUD=, META, FSLR, LRCX, PEP, CRM, AMZN, WDC, .KS11, MRK, GOOGL, CDNS, .IXIC, JPY=, AMD, ENPH, MSFT, INTC, NOW, MA, CVX, CL, .N225, AMP, FRC, SONY, .AXJO, .SZI, FOX,
Keywords: s&p/asx 200, world markets, breaking news: markets, dxy us dollar currency index, kospi index, shanghai, wti crude (mar'23), usd/jpy, ice brent crude (apr'23), nikkei 225 index, business news, asia economy, hang seng index, breaking news: asia, markets, shenzhen component index, australian dollar/us dollar fx spot rate,