Asia markets extend gains as investors assess business activity figures from around the region
Publishing timestamp: 2024-04-23 04:00:52
Summary
Asia-Pacific markets mostly extended gains as tech shares rebounded on Wall Street. Australia, Japan, and India recorded faster rates of expansion in business activity. Hong Kong's Hang Seng index climbed, while China's CSI 300 slipped. U.S. markets snapped losing streaks, with Nvidia and Arm Holdings rebounding. Singapore's inflation rate fell, while India's business activity climbed. Chinese bubble tea chain Chabaidao had a disappointing trading debut in Hong Kong. Japan's business activity expanded, and the yen weakened against the U.S. dollar. Australia's business activity also expanded. Energy sector presents opportunities despite oil market volatility. Six stocks in S&P 500 tend to rise when Tesla shares fall. Crude oil futures edged lower after Iran said it would not escalate conflict with Israel. Investors are advised to dial back exposure to U.S. bonds and consider European and Japanese bonds instead. Gold futures were lower on Monday.
Sentiment: MIXED
Tickers: .DJI, .SPX, .N225, @LCO.1, .AXJO, AUD=, .IXIC, ARM, JPY=, .DXY, .SZI, NVDA, .HSI, GDX, .KS11, TSLA, .SSEC, @CL.1,
Keywords: hang seng index, breaking news: asia, nvidia corp, australian dollar/us dollar fx spot rate, economic events, australia, s&p/asx 200, nasdaq composite, shenzhen component index, nikkei 225 index, markets, ice brent crude (apr'23), world markets, prices, kospi index, breaking news: markets, usd/jpy, dow jones industrial average, s&p 500 index, shanghai, business news, arm holdings plc, asia economy, dxy us dollar currency index, wti crude (mar'23),
Source: https://www.cnbc.com/2024/04/23/asia-markets-live-updates-australia-japan-and-india-pmi-data.html