Hong Kong stocks lead gains in Asia ahead of U.S. jobs data; Japanese yen strengthens
Publishing timestamp: 2024-05-03 03:56:39
Summary
Hong Kong led gains in Asia on Friday as Wall Street rose ahead of key U.S. employment data. Shares of Apple suppliers rose after the company reported higher-than-expected earnings and announced a record stock buyback program. Japanese yen strengthened despite interventions by authorities. Demand for power and data centers is increasing globally, with Europe expected to see a significant growth in electricity consumption. European companies are cash-rich and have high dividend yields, making them appealing to investors. The first-quarter earnings season is nearing its end, with most companies surpassing expectations. India's bull market is expected to continue for several more years.
Sentiment: MIXED
Tickers: .N225, .DJI, .SPX, 2330-TW, .TWII, AAPL, .IXIC, JPY=, .KS11, .DXY, 2317-TW, .HSI, INDA, .AXJO,
Keywords: taiwan semiconductor manufacturing co ltd, kospi index, breaking news: asia, world markets, apple inc, breaking news: markets, business news, australia, taiwan weighted index, economic events, hon hai precision industry co ltd, s&p/asx 200, markets, hang seng index, dxy us dollar currency index, asia economy, usd/jpy, nikkei 225 index,
Source: https://www.cnbc.com/2024/05/03/asia-markets-live-updates-us-jobs-japanese-yen-apple-earnings.html