China stocks tumble to 5-year low after weak manufacturing data; Australia shares hit all-time high
Publishing timestamp: 2024-01-31 03:02:55
Summary
The article discusses the performance of different stock markets in Asia, including Australian stocks reaching an all-time high and Chinese stocks falling to a five-year low. It also mentions the decline in operating profit for Samsung Electronics and the potential impact of changes in government policies on global markets. Additionally, it discusses the increase in oil prices due to the International Monetary Fund's growth forecast and geopolitical tensions in the Middle East. The article concludes with Goldman Sachs' chief U.S. equity strategist predicting a broader market rally this year, particularly benefiting small-cap stocks.
Sentiment: MIXED
Tickers: CMG, .DXY, META, GOOGL, .HSI, JPY=, MA, .N225, CAT, @CL.1, .SSEC, AUD=, MSFT, V, UBER, @LCO.1, .SPX, WM, NVDA, AZO, .SZI, NOW, .KS11, .AXJO, .DJI, .IXIC, MPC,
Keywords: wti crude (mar'23), australia, business news, kospi index, prices, breaking news: markets, australian dollar/us dollar fx spot rate, dxy us dollar currency index, ice brent crude (apr'23), usd/jpy, markets, dow jones industrial average, economic events, s&p 500 index, nasdaq composite, world markets, hang seng index, nikkei 225 index, s&p/asx 200, shanghai, asia economy, breaking news: asia, shenzhen component index,
Source: https://www.cnbc.com/2024/01/31/asia-markets.html