Japan stocks lead losses in Asia-Pacific markets as investors parse through earnings
Publishing timestamp: 2024-05-08 03:57:34
Summary
Japan stocks led declines in Asia-Pacific markets, with various companies reporting earnings. Hyundai Marine Solution's shares nearly doubled in their trading debut. Toyota Motor forecast lower operating profit. United Overseas Bank beat estimates but saw a 2% fall in net profit. Nintendo announced a successor to its flagship Switch console. Gold prices have been boosted by macroeconomic uncertainties. U.S. stocks have been volatile but had a strong run on hopes of rate cuts. Analysts are optimistic on China stocks, especially in the tech sector. Minneapolis Federal Reserve President Neel Kashkari expects the central bank to hold interest rates for an extended period.
Sentiment: MIXED
Tickers: .DJI, 7974.T-JP, @LCO.1, 7211.T-JP, @CL.1, .DXY, ARM, UOBH-SG, .IXIC, .KS11, META, .SPX, .STI, AUD=, .HSI, 7203.T-JP, JD, .SSEC, GOOGL, NVDA, .SZI, BABA, .N225, KWEB, .AXJO, AMZN, JPY=,
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Source: https://www.cnbc.com/2024/05/08/asia-markets.html